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MMSC vs. CBSE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MMSC and CBSE 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.


-0.50.00.51.00.9

Performance

MMSC vs. CBSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and Changebridge Capital Sustainable Equity ETF (CBSE). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
2.39%
15.11%
MMSC
CBSE

Key characteristics

Sharpe Ratio

MMSC:

1.34

CBSE:

1.93

Sortino Ratio

MMSC:

1.87

CBSE:

2.52

Omega Ratio

MMSC:

1.23

CBSE:

1.33

Calmar Ratio

MMSC:

0.96

CBSE:

1.74

Martin Ratio

MMSC:

7.78

CBSE:

8.15

Ulcer Index

MMSC:

3.40%

CBSE:

4.48%

Daily Std Dev

MMSC:

19.83%

CBSE:

18.92%

Max Drawdown

MMSC:

-40.82%

CBSE:

-36.30%

Current Drawdown

MMSC:

-7.79%

CBSE:

-4.73%

Returns By Period

In the year-to-date period, MMSC achieves a 23.67% return, which is significantly lower than CBSE's 32.63% return.


MMSC

YTD

23.67%

1M

-3.34%

6M

10.35%

1Y

24.46%

5Y*

N/A

10Y*

N/A

CBSE

YTD

32.63%

1M

0.43%

6M

10.66%

1Y

34.15%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MMSC vs. CBSE - Expense Ratio Comparison

MMSC has a 0.95% expense ratio, which is higher than CBSE's 0.85% expense ratio.


MMSC
First Trust Multi-Manager Small Cap Opportunities ETF
Expense ratio chart for MMSC: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for CBSE: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%

Risk-Adjusted Performance

MMSC vs. CBSE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and Changebridge Capital Sustainable Equity ETF (CBSE). 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.


Sharpe ratio
The chart of Sharpe ratio for MMSC, currently valued at 1.34, compared to the broader market0.002.004.001.341.93
The chart of Sortino ratio for MMSC, currently valued at 1.87, compared to the broader market-2.000.002.004.006.008.0010.001.872.52
The chart of Omega ratio for MMSC, currently valued at 1.23, compared to the broader market0.501.001.502.002.503.001.231.33
The chart of Calmar ratio for MMSC, currently valued at 0.96, compared to the broader market0.005.0010.0015.000.961.74
The chart of Martin ratio for MMSC, currently valued at 7.78, compared to the broader market0.0020.0040.0060.0080.00100.007.788.15
MMSC
CBSE

The current MMSC Sharpe Ratio is 1.34, which is lower than the CBSE Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of MMSC and CBSE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.34
1.93
MMSC
CBSE

Dividends

MMSC vs. CBSE - Dividend Comparison

Neither MMSC nor CBSE has paid dividends to shareholders.


TTM20232022
MMSC
First Trust Multi-Manager Small Cap Opportunities ETF
0.00%0.00%0.00%
CBSE
Changebridge Capital Sustainable Equity ETF
0.00%1.50%0.52%

Drawdowns

MMSC vs. CBSE - Drawdown Comparison

The maximum MMSC drawdown since its inception was -40.82%, which is greater than CBSE's maximum drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for MMSC and CBSE. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.79%
-4.73%
MMSC
CBSE

Volatility

MMSC vs. CBSE - Volatility Comparison

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and Changebridge Capital Sustainable Equity ETF (CBSE) have volatilities of 6.76% and 6.89%, 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JulyAugustSeptemberOctoberNovemberDecember
6.76%
6.89%
MMSC
CBSE
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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