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.
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.
Performance
CBSE vs. MMSC - Performance Comparison
Key characteristics
CBSE:
0.21
MMSC:
-0.22
CBSE:
0.45
MMSC:
-0.14
CBSE:
1.06
MMSC:
0.98
CBSE:
0.19
MMSC:
-0.19
CBSE:
0.70
MMSC:
-0.67
CBSE:
8.13%
MMSC:
8.55%
CBSE:
27.14%
MMSC:
25.76%
CBSE:
-36.30%
MMSC:
-40.82%
CBSE:
-22.80%
MMSC:
-22.73%
Returns By Period
In the year-to-date period, CBSE achieves a -14.11% return, which is significantly higher than MMSC's -15.18% return.
CBSE
-14.11%
-8.68%
-7.65%
7.25%
N/A
N/A
MMSC
-15.18%
-4.45%
-15.87%
-4.08%
N/A
N/A
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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.
Risk-Adjusted Performance
CBSE vs. MMSC — Risk-Adjusted Performance Rank
CBSE
MMSC
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 0.44%, less than MMSC's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
CBSE Changebridge Capital Sustainable Equity ETF | 0.44% | 0.37% | 1.50% | 0.52% |
MMSC First Trust Multi-Manager Small Cap Opportunities ETF | 0.48% | 0.41% | 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
Changebridge Capital Sustainable Equity ETF (CBSE) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) have volatilities of 15.11% and 15.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.