MMLG Alternatives & Similar ETFs

First Trust Multi-Manager Large Growth ETF (MMLG) belongs to the Large Cap Growth Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MMLG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MMLG

MMLG charges 0.85% annually. There are 213 ETFs in the Large Cap Growth Equities category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
BBUS	JP Morgan Betabuilders U.S. Equity ETF	0.02%	8.38B	Mar 2019	MMLG vs BBUS
VUG	Vanguard Growth ETF	0.03%	365.00B	Jan 2004	MMLG vs VUG
ILCB	iShares Morningstar U.S. Equity ETF	0.03%	1.28B	Jun 2004	MMLG vs ILCB
ITOT	iShares Core S&P Total U.S. Stock Market ETF	0.03%	93.42B	Jan 2004	MMLG vs ITOT
SPYG	State Street SPDR Portfolio S&P 500 Growth ETF	0.04%	53.61B	Sep 2000	MMLG vs SPYG

Best Risk-Adjusted Alternatives to MMLG

MMLG has a PortfoliosLab risk / return rank of 23. There are 178 ETFs in the Large Cap Growth Equities category with higher risk-adjusted ranks, going as high as 91.

Symbol	Name	Risk / Return Rank	AUM	Inception
DARP	Grizzle Growth ETF	91	15.25M	Dec 2021	MMLG vs DARP
HLAL	Wahed FTSE USA Shariah ETF	88	555.00M	Jul 2019	MMLG vs HLAL
NACP	Impact Shares NAACP Minority Empowerment ETF	88	59.00M	Jul 2018	MMLG vs NACP
VEGN	US Vegan Climate ETF	86	134.13M	Sep 2019	MMLG vs VEGN
RFDA	RiverFront Dynamic US Dividend Advantage ETF	83	87.48M	Jun 2016	MMLG vs RFDA

Top Performing MMLG Alternatives (YTD)

MMLG is at 4.76% YTD. There are 189 ETFs in the Large Cap Growth Equities category with higher YTD returns, going as high as 79.03%.

Symbol	Name	YTD Return	AUM	Inception
MEME	Roundhill Meme Stock ETF	79.03%	29.99M	Oct 2025	MMLG vs MEME
SGRT	SMART Earnings Growth 30 ETF	51.46%	50.41M	Aug 2025	MMLG vs SGRT
IQM	Franklin Intelligent Machines ETF	40.18%	87.87M	Feb 2020	MMLG vs IQM
HYP	Golden Eagle Dynamic Hypergrowth ETF	34.38%	6.41M	Sep 2025	MMLG vs HYP
DARP	Grizzle Growth ETF	32.67%	15.25M	Dec 2021	MMLG vs DARP

Lowest Volatility Alternatives to MMLG

MMLG has 18.22% 1-year volatility. There are 185 ETFs in the Large Cap Growth Equities category with lower 1-year volatility, going as low as 6.93%.

Symbol	Name	Volatility 1Y	AUM	Inception
CCOR	Core Alternative ETF	6.93%	39.10M	May 2017	MMLG vs CCOR
DLN	WisdomTree US LargeCap Dividend ETF	8.87%	6.04B	Jun 2006	MMLG vs DLN
QUS	SPDR MSCI USA StrategicFactors ETF	9.09%	1.64B	Apr 2015	MMLG vs QUS
PFM	Invesco Dividend Achievers™ ETF	9.47%	780.82M	Sep 2005	MMLG vs PFM
DGRO	iShares Core Dividend Growth ETF	9.48%	40.46B	Jun 2014	MMLG vs DGRO

Lowest Drawdown Alternatives to MMLG

MMLG has a 1-year max drawdown of -19.89%. There are 186 ETFs in the Large Cap Growth Equities category with shallower 1-year drawdowns, going as shallow as -5.45%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RFDA	RiverFront Dynamic US Dividend Advantage ETF	-5.45%	87.48M	Jun 2016	MMLG vs RFDA
ROUS	Hartford Multifactor US Equity ETF	-5.97%	632.73M	Feb 2015	MMLG vs ROUS
DLN	WisdomTree US LargeCap Dividend ETF	-6.10%	6.04B	Jun 2006	MMLG vs DLN
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	-6.39%	251.20M	Aug 2017	MMLG vs MFUS
DGRO	iShares Core Dividend Growth ETF	-6.47%	40.46B	Jun 2014	MMLG vs DGRO

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Technology Equities, Cybersecurity	26	28.52%	13.68B	Jul 2015	MMLG vs CIBR
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastru...	Alternative Energy Equities	79	28.91%	11.29B	Nov 2009	MMLG vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	3	-9.70%	133.88M	Feb 2012	MMLG vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	78	31.77%	10.62B	Mar 2014	MMLG vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	70	13.33%	7.39B	Mar 2006	MMLG vs FDL
IGLD	FT Cboe Vest Gold Strategy Target Income ETF	Precious Metals, Gold	28	1.69%	591.41M	Mar 2021	MMLG vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	97	115.70%	2.52B	Sep 2016	MMLG vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	83	30.57%	4.66B	Aug 2012	MMLG vs TDIV
KNG	FT Cboe Vest S&P 500 Dividend Aristocrats Target I...	Dividend, S&P 500	20	2.20%	3.28B	Mar 2018	MMLG vs KNG
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	89	52.94%	895.30M	Feb 2007	MMLG vs QCLN

Often Compared With MMLG

Investors most often compare MMLG with FMAG, VGT, FMTM. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FMAG	Fidelity Magellan ETF	Global Equities	22	8.06%	253.28M	Feb 2021	MMLG vs FMAG
VGT	Vanguard Information Technology ETF	Technology Equities	76	31.64%	144.20B	Mar 2004	MMLG vs VGT
FMTM	MarketDesk Focused U.S. Momentum ETF	Momentum, Large Cap Growth Equities	82	31.75%	33.97M	Mar 2025	MMLG vs FMTM
SCHB	Schwab U.S. Broad Market ETF	Large Cap Blend Equities	68	11.28%	43.31B	Nov 2009	MMLG vs SCHB
ACSI	American Customer Satisfaction ETF	Large Cap Growth Equities	48	9.66%	104.10M	Nov 2016	MMLG vs ACSI
ROBT	First Trust Nasdaq Artificial Intelligence & Robot...	Technology Equities, Robotics	32	14.22%	763.61M	Feb 2018	MMLG vs ROBT
FTCS	First Trust Capital Strength ETF	Large Cap Blend Equities	12	0.01%	7.67B	Jul 2006	MMLG vs FTCS
ALTL	Pacer Lunt Large Cap Alternator ETF	Large Cap Growth Equities	78	16.90%	103.76M	Jun 2020	MMLG vs ALTL
BIBL	Inspire 100 ETF	Large Cap Growth Equities	81	23.84%	459.20M	Oct 2017	MMLG vs BIBL
OUSA	OShares U.S. Quality Dividend ETF	Large Cap Growth Equities, Dividend	27	1.05%	742.95M	Jul 2015	MMLG vs OUSA
QCLR	Global X NASDAQ 100 Collar 95-110 ETF	Nasdaq-100, Hedge Fund	29	1.40%	4.03M	Aug 2021	MMLG vs QCLR
GQGU	GQG US Equity ETF	Large Cap Growth Equities	—	6.60%	326.09M	Jul 2025	MMLG vs GQGU
FPX	First Trust US Equity Opportunities ETF	Large Cap Growth Equities	52	18.28%	1.49B	Apr 2006	MMLG vs FPX
IOO	iShares Global 100 ETF	Global Equities	82	12.26%	8.95B	Dec 2000	MMLG vs IOO
BBHL	BBH Select Large Cap ETF	Large Cap Growth Equities	—	5.40%	—	Sep 2019	MMLG vs BBHL
VV	Vanguard Large-Cap ETF	Large Cap Growth Equities	67	10.69%	71.00B	Jan 2004	MMLG vs VV
AVUS	Avantis U.S. Equity ETF	Large Cap Growth Equities	81	14.42%	12.71B	Sep 2019	MMLG vs AVUS
FDRR	Fidelity Dividend ETF for Rising Rates	Large Cap Growth Equities, Dividend	82	10.01%	686.72M	Sep 2016	MMLG vs FDRR
ILCG	iShares Morningstar Growth ETF	Large Cap Growth Equities	46	14.48%	3.25B	Jun 2004	MMLG vs ILCG
QLC	FlexShares US Quality Large Cap Index Fund	Large Cap Blend Equities	81	11.39%	981.83M	Sep 2015	MMLG vs QLC

Compare MMLG with Any Fund or Stock

Compare MMLG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair MMLG with funds that move differently

First Trust Multi-Manager Large Growth ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MMLG.

Explore MMLG Diversifiers

First Trust Multi-Manager Large Growth ETF (MMLG) Alternatives