MMLG vs. FMAG

In the year-to-date period, MMLG achieves a 4.20% return, which is significantly lower than FMAG's 5.37% return.

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MMLG has a 0.85% expense ratio, which is higher than FMAG's 0.59% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for First Trust Multi-Manager Large Growth ETF (MMLG) and Fidelity Magellan ETF (FMAG). 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.

The current MMLG Sharpe Ratio is 0.67, which is comparable to the FMAG Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of MMLG and FMAG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

MMLG has not paid dividends to shareholders, while FMAG's dividend yield for the trailing twelve months is around 0.12%.

The maximum MMLG drawdown since its inception was -45.97%, which is greater than FMAG's maximum drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for MMLG and FMAG.

First Trust Multi-Manager Large Growth ETF (MMLG) has a higher volatility of 5.38% compared to Fidelity Magellan ETF (FMAG) at 4.57%. This indicates that MMLG's price experiences larger fluctuations and is considered to be riskier than FMAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.