CBSE vs. MMSC
Compare and contrast key facts about Changebridge Capital Sustainable Equity ETF (CBSE) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).
CBSE and MMSC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CBSE is an actively managed fund by Changebridge Capital LLC. It was launched on Nov 13, 2020. MMSC is an actively managed fund by First Trust. It was launched on Oct 13, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBSE or MMSC.
Performance
CBSE vs. MMSC - Performance Comparison
Returns By Period
In the year-to-date period, CBSE achieves a 31.11% return, which is significantly higher than MMSC's 24.90% return.
CBSE
31.11%
3.75%
7.22%
46.11%
N/A
N/A
MMSC
24.90%
0.66%
7.86%
37.73%
N/A
N/A
Key characteristics
| CBSE | MMSC | |
|---|---|---|
| Sharpe Ratio | 2.61 | 2.04 |
| Sortino Ratio | 3.32 | 2.76 |
| Omega Ratio | 1.44 | 1.35 |
| Calmar Ratio | 1.87 | 1.24 |
| Martin Ratio | 10.80 | 12.18 |
| Ulcer Index | 4.43% | 3.22% |
| Daily Std Dev | 18.38% | 19.20% |
| Max Drawdown | -36.30% | -40.82% |
| Current Drawdown | -1.45% | -5.82% |
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CBSE vs. MMSC - Expense Ratio Comparison
CBSE has a 0.85% expense ratio, which is lower than MMSC's 0.95% expense ratio.
Correlation
The correlation between CBSE and MMSC is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
CBSE vs. MMSC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Changebridge Capital Sustainable Equity ETF (CBSE) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CBSE vs. MMSC - Dividend Comparison
CBSE's dividend yield for the trailing twelve months is around 1.14%, while MMSC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
CBSE Changebridge Capital Sustainable Equity ETF | 1.14% | 1.50% | 0.52% |
MMSC First Trust Multi-Manager Small Cap Opportunities ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
CBSE vs. MMSC - Drawdown Comparison
The maximum CBSE drawdown since its inception was -36.30%, smaller than the maximum MMSC drawdown of -40.82%. Use the drawdown chart below to compare losses from any high point for CBSE and MMSC. For additional features, visit the drawdowns tool.
Volatility
CBSE vs. MMSC - Volatility Comparison
The current volatility for Changebridge Capital Sustainable Equity ETF (CBSE) is 5.14%, while First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) has a volatility of 7.09%. This indicates that CBSE experiences smaller price fluctuations and is considered to be less risky than MMSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.