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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Multi-Manager Large Growth ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
First Trust Multi-Manager Large Growth ETF (MMLG) has returned -11.52% so far this year and 14.79% over the past 12 months.
First Trust Multi-Manager Large Growth ETF
- 1D
- 4.24%
- 1M
- -5.14%
- YTD
- -11.52%
- 6M
- -13.49%
- 1Y
- 14.79%
- 3Y*
- 17.98%
- 5Y*
- 5.09%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jul 22, 2020, MMLG's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, your investment would double in approximately 6.9 years.
Historically, 54% of months were positive and 46% 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% | -11.52% | |||||||||
| 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 -6.75%, 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 105.22% of its upside — more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -6.75% versus S&P 500 Index — delivering less than market exposure alone would predict.
- Alpha
- -6.75%
- Beta
- 1.33
- R²
- 0.82
- Upside Capture
- 105.22%
- 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 30 for risk / return — below 30% 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 a chosen benchmark (S&P 500 Index).
| MMLG | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 0.90 | -0.30 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.39 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.40 | -0.68 |
Martin ratioReturn relative to average drawdown | 2.24 | 6.61 | -4.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore MMLG risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
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 | |||||||||
| 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.
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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 16.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.97% | Nov 17, 2021 | 229 | Oct 14, 2022 | 501 | Oct 14, 2024 | 730 |
| -26.57% | Feb 18, 2025 | 36 | Apr 8, 2025 | 54 | Jun 26, 2025 | 90 |
| -19.89% | Oct 30, 2025 | 103 | Mar 30, 2026 | — | — | — |
| -11.88% | Feb 16, 2021 | 15 | Mar 8, 2021 | 74 | Jun 22, 2021 | 89 |
| -9.92% | Sep 3, 2020 | 14 | Sep 23, 2020 | 14 | Oct 13, 2020 | 28 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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