MMLG vs. HYP

Last updated Jun 4, 2026

MMLG (First Trust Multi-Manager Large Growth ETF) and HYP (Golden Eagle Dynamic Hypergrowth ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.85% expense ratio.

Performance

MMLG vs. HYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Multi-Manager Large Growth ETF (MMLG) and Golden Eagle Dynamic Hypergrowth ETF (HYP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MMLG achieves a 4.76% return, which is significantly lower than HYP's 31.33% return.

MMLG

• 1D: -1.42%
• 1M: 4.92%
• YTD: 4.76%
• 6M: 4.14%
• 1Y: 16.13%
• 3Y*: 21.41%
• 5Y*: 8.34%
• 10Y*: —

HYP

• 1D: -2.27%
• 1M: 8.44%
• YTD: 31.33%
• 6M: 29.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MMLG vs. HYP - Yearly Performance Comparison

	2026 (YTD)	2025
MMLG First Trust Multi-Manager Large Growth ETF	4.76%	-2.34%
HYP Golden Eagle Dynamic Hypergrowth ETF	31.33%	-5.01%

Correlation

The correlation between MMLG and HYP is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.61

Return for Risk

MMLG vs. HYP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MMLG

MMLG Risk / Return Rank: 23
MMLG Sharpe Ratio Rank: 25
MMLG Sortino Ratio Rank: 24
MMLG Omega Ratio Rank: 24
MMLG Calmar Ratio Rank: 19
MMLG Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MMLG vs. HYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Multi-Manager Large Growth ETF (MMLG) and Golden Eagle Dynamic Hypergrowth ETF (HYP). 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.

	MMLG	HYP	Difference
Sharpe ratio: Return per unit of total volatility	0.89	—	—
Sortino ratio: Return per unit of downside risk	1.29	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	0.81	—	—
Martin ratio: Return relative to average drawdown	2.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MMLG	HYP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.92	-0.46

Drawdowns

MMLG vs. HYP - Drawdown Comparison

The maximum MMLG drawdown since its inception was -45.97%, which is greater than HYP's maximum drawdown of -19.58%. Use the drawdown chart below to compare losses from any high point for MMLG and HYP.

Drawdown Indicators

	MMLG	HYP	Difference
Max Drawdown Largest peak-to-trough decline	-45.97%	-19.58%	-26.39%
Max Drawdown (1Y) Largest decline over 1 year	-19.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.97%	—	—
Current Drawdown Current decline from peak	-2.17%	-2.27%	+0.10%
Average Drawdown Average peak-to-trough decline	-14.36%	-6.45%	-7.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.91%	—	—

Volatility

Volatility by Period

	MMLG	HYP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.22%	41.01%	-22.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.94%	41.01%	-16.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.54%	41.01%	-16.47%

MMLG vs. HYP - Expense Ratio Comparison

Both MMLG and HYP have an expense ratio of 0.85%.

Dividends

MMLG vs. HYP - Dividend Comparison

MMLG has not paid dividends to shareholders, while HYP's dividend yield for the trailing twelve months is around 0.10%.

Position	TTM	2025	2024	2023	2022	2021	2020
HYP Golden Eagle Dynamic Hypergrowth ETF	0.10%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%
MMLG First Trust Multi-Manager Large Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%

Frequently Asked Questions

Can I hold both MMLG and HYP in my portfolio?

MMLG and HYP have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MMLG or HYP?

Both ETFs have the same 0.85% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MMLG or HYP?

MMLG and HYP have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, MMLG or HYP?

HYP has the higher dividend yield at 0.10%, compared with 0.00% for MMLG.

What is the main difference between MMLG and HYP?

They also come from different issuers: First Trust and Golden Eagle.