- Issuer
- First Trust
- Inception Date
- Jul 21, 2020
- Region
- North America (U.S.)
- Category
- Large Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $94M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MMLG Performance Chart
First Trust Multi-Manager Large Growth ETF (MMLG) is up 6.3% since the beginning of the year. MMLG is currently trading at $38 per share. Investors who bought $1,000 worth of MMLG shares 5 years ago would now be looking at an investment worth $1,533.
Loading charts...
Returns By Period
First Trust Multi-Manager Large Growth ETF (MMLG) has returned 6.27% so far this year and 17.81% over the past 12 months.
First Trust Multi-Manager Large Growth ETF
- 1D
- -0.76%
- 1M
- 6.44%
- YTD
- 6.27%
- 6M
- 5.65%
- 1Y
- 17.81%
- 3Y*
- 21.99%
- 5Y*
- 8.92%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
MMLG Monthly Returns History
Based on dividend-adjusted daily data since Jul 22, 2020, MMLG's average daily return is +0.06%, while the average monthly return is +1.07%. At this rate, an investment would double in approximately 5.4 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2023 with a return of +13.6%, while the worst month was Apr 2022 at -15.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, MMLG closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +12.1%, while the worst single day was Apr 3, 2025 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.02% | -3.81% | -5.14% | 12.19% | 6.41% | 0.61% | 6.27% | ||||||
| 2025 | 5.49% | -4.33% | -10.43% | 3.86% | 10.98% | 6.86% | 2.76% | 0.44% | 4.38% | 1.90% | -3.74% | -0.34% | 17.28% |
| 2024 | 3.17% | 8.83% | 2.12% | -5.64% | 2.31% | 6.40% | -4.25% | 2.77% | 2.18% | -0.10% | 8.17% | -1.59% | 25.96% |
| 2023 | 11.74% | -2.15% | 5.70% | -0.52% | 6.26% | 7.17% | 3.87% | -3.11% | -6.44% | -2.02% | 13.59% | 5.85% | 45.21% |
| 2022 | -11.97% | -5.06% | 1.55% | -15.56% | -4.01% | -9.34% | 11.57% | -4.02% | -10.33% | 5.56% | 3.06% | -6.65% | -39.18% |
| 2021 | -1.57% | 2.71% | -1.07% | 6.42% | -2.06% | 6.01% | 2.83% | 3.63% | -3.60% | 5.39% | -4.63% | -0.78% | 13.23% |
Benchmark Metrics
First Trust Multi-Manager Large Growth ETF has an annualized alpha of -6.86%, beta of 1.33, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since July 23, 2020.
- This ETF participated in 123.88% of S&P 500 Index downside but only 106.93% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -6.86% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -6.86%
- Beta
- 1.33
- R²
- 0.82
- Upside Capture
- 106.93%
- Downside Capture
- 123.88%
Expense Ratio
MMLG has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MMLG ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Multi-Manager Large Growth ETF (MMLG) and compare them to S&P 500 Index.
| MMLG | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 2.39 | -1.35 |
Sortino ratioReturn per unit of downside risk | 1.48 | 3.25 | -1.78 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.43 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 3.11 | -2.17 |
Martin ratioReturn relative to average drawdown | 2.73 | 14.38 | -11.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
First Trust Multi-Manager Large Growth ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Multi-Manager Large Growth ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Multi-Manager Large Growth ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Multi-Manager Large Growth ETF was 45.97%, occurring on Oct 14, 2022. Recovery took 501 trading sessions.
The current First Trust Multi-Manager Large Growth ETF drawdown is 0.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -45.97%Oct 2022 | 11mo 1d | 2y 1d | 2y 11moNov 2021 - Oct 2024 |
2025 selloff2025 | -26.57%Apr 2025 | 1mo 19d | 2mo 19d | 4mo 8dFeb 2025 - Jun 2025 |
2026 correction2026 | -19.89%Mar 2026 | 5mo 1d | 2mo 3d | 7mo 4dOct 2025 - Jun 2026 |
2021 correction2021 | -11.88%Mar 2021 | 20d | 3mo 16d | 4mo 6dFeb 2021 - Jun 2021 |
2020 pullback2020 | -9.92%Sep 2020 | 20d | 20d | 1mo 10dSep 2020 - Oct 2020 |
Drawdown Indicators
| MMLG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.97% | -56.78% | +10.81% |
Max Drawdown (1Y)Largest decline over 1 year | -19.89% | -9.10% | -10.79% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -18.90% | -7.67% |
Max Drawdown (5Y)Largest decline over 5 years | -45.97% | -25.43% | -20.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.76% | 0.00% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -14.37% | -10.72% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 1.97% | +4.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MMLG
Add First Trust Multi-Manager Large Growth ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MMLG