MMLG vs. QCLR

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Multi-Manager Large Growth ETF (MMLG) and Global X NASDAQ 100 Collar 95-110 ETF (QCLR).

MMLG and QCLR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MMLG is an actively managed fund by First Trust. It was launched on Jul 21, 2020. QCLR is a passively managed fund by Global X that tracks the performance of the NASDAQ-100 Quarterly Collar 95-110 Index. It was launched on Aug 25, 2021.

Performance

MMLG vs. QCLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Multi-Manager Large Growth ETF (MMLG) and Global X NASDAQ 100 Collar 95-110 ETF (QCLR). The values are adjusted to include any dividend payments, if applicable.

MMLG vs. QCLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MMLG First Trust Multi-Manager Large Growth ETF	-11.52%	17.28%	25.96%	45.21%	-39.18%	-2.23%
QCLR Global X NASDAQ 100 Collar 95-110 ETF	-6.67%	11.27%	20.27%	28.87%	-18.87%	3.02%

Returns By Period

In the year-to-date period, MMLG achieves a -11.52% return, which is significantly lower than QCLR's -6.67% return.

MMLG

• 1D: 4.24%
• 1M: -5.14%
• YTD: -11.52%
• 6M: -13.49%
• 1Y: 14.79%
• 3Y*: 17.98%
• 5Y*: 5.09%
• 10Y*: —

QCLR

• 1D: 1.60%
• 1M: -5.31%
• YTD: -6.67%
• 6M: -5.64%
• 1Y: 10.86%
• 3Y*: 12.72%
• 5Y*: —
• 10Y*: —

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

MMLG vs. QCLR - Expense Ratio Comparison

MMLG has a 0.85% expense ratio, which is higher than QCLR's 0.60% expense ratio.

MMLG

First Trust Multi-Manager Large Growth ETF

QCLR

Global X NASDAQ 100 Collar 95-110 ETF

Return for Risk

MMLG vs. QCLR — Risk / Return Rank

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

MMLG

MMLG Risk / Return Rank: 32
MMLG Sharpe Ratio Rank: 32
MMLG Sortino Ratio Rank: 35
MMLG Omega Ratio Rank: 34
MMLG Calmar Ratio Rank: 30
MMLG Martin Ratio Rank: 27

QCLR

QCLR Risk / Return Rank: 48
QCLR Sharpe Ratio Rank: 52
QCLR Sortino Ratio Rank: 52
QCLR Omega Ratio Rank: 46
QCLR Calmar Ratio Rank: 43
QCLR Martin Ratio Rank: 47

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. QCLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Multi-Manager Large Growth ETF (MMLG) and Global X NASDAQ 100 Collar 95-110 ETF (QCLR). 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	QCLR	Difference
Sharpe ratio Return per unit of total volatility	0.60	0.91	-0.31
Sortino ratio Return per unit of downside risk	1.01	1.35	-0.34
Omega ratio Gain probability vs. loss probability	1.14	1.17	-0.03
Calmar ratio Return relative to maximum drawdown	0.72	1.06	-0.34
Martin ratio Return relative to average drawdown	2.24	4.33	-2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MMLG vs. QCLR - Sharpe Ratio Comparison

The current MMLG Sharpe Ratio is 0.60, which is lower than the QCLR Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of MMLG and QCLR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MMLG	QCLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	0.91	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.53	-0.19

Correlation

The correlation between MMLG and QCLR is 0.81, 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.

Dividends

MMLG vs. QCLR - Dividend Comparison

MMLG has not paid dividends to shareholders, while QCLR's dividend yield for the trailing twelve months is around 15.95%.

	TTM	2025	2024	2023	2022	2021	2020
MMLG First Trust Multi-Manager Large Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%
QCLR Global X NASDAQ 100 Collar 95-110 ETF	15.95%	14.89%	8.89%	0.47%	0.27%	1.64%	0.00%

Drawdowns

MMLG vs. QCLR - Drawdown Comparison

The maximum MMLG drawdown since its inception was -45.97%, which is greater than QCLR's maximum drawdown of -21.77%. Use the drawdown chart below to compare losses from any high point for MMLG and QCLR.

Drawdown Indicators

	MMLG	QCLR	Difference
Max Drawdown Largest peak-to-trough decline	-45.97%	-21.77%	-24.20%
Max Drawdown (1Y) Largest decline over 1 year	-19.89%	-10.22%	-9.67%
Max Drawdown (5Y) Largest decline over 5 years	-45.97%	—	—
Current Drawdown Current decline from peak	-16.49%	-8.78%	-7.71%
Average Drawdown Average peak-to-trough decline	-14.61%	-6.32%	-8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.42%	2.50%	+3.92%

Volatility

MMLG vs. QCLR - Volatility Comparison

First Trust Multi-Manager Large Growth ETF (MMLG) has a higher volatility of 7.69% compared to Global X NASDAQ 100 Collar 95-110 ETF (QCLR) at 3.86%. This indicates that MMLG's price experiences larger fluctuations and is considered to be riskier than QCLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMLG	QCLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.69%	3.86%	+3.83%
Volatility (6M) Calculated over the trailing 6-month period	14.83%	8.53%	+6.30%
Volatility (1Y) Calculated over the trailing 1-year period	24.87%	12.06%	+12.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.99%	12.61%	+12.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.74%	12.61%	+12.13%