MMSC vs. SPY
Compare and contrast key facts about First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and SPDR S&P 500 ETF (SPY).
MMSC and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MMSC is an actively managed fund by First Trust. It was launched on Oct 13, 2021. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMSC or SPY.
Performance
MMSC vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with MMSC having a 24.90% return and SPY slightly higher at 24.91%.
MMSC
24.90%
0.66%
7.86%
37.73%
N/A
N/A
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| MMSC | SPY | |
|---|---|---|
| Sharpe Ratio | 2.04 | 2.67 |
| Sortino Ratio | 2.76 | 3.56 |
| Omega Ratio | 1.35 | 1.50 |
| Calmar Ratio | 1.24 | 3.85 |
| Martin Ratio | 12.18 | 17.38 |
| Ulcer Index | 3.22% | 1.86% |
| Daily Std Dev | 19.20% | 12.17% |
| Max Drawdown | -40.82% | -55.19% |
| Current Drawdown | -5.82% | -1.77% |
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MMSC vs. SPY - Expense Ratio Comparison
MMSC has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between MMSC and SPY is 0.86, 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.
Risk-Adjusted Performance
MMSC vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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
MMSC vs. SPY - Dividend Comparison
MMSC has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMSC First Trust Multi-Manager Small Cap Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MMSC vs. SPY - Drawdown Comparison
The maximum MMSC drawdown since its inception was -40.82%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MMSC and SPY. For additional features, visit the drawdowns tool.
Volatility
MMSC vs. SPY - Volatility Comparison
First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) has a higher volatility of 7.09% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that MMSC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.