MMSC vs. TMFS

Last updated Jun 4, 2026

MMSC (First Trust Multi-Manager Small Cap Opportunities ETF) and TMFS (Motley Fool Small-Cap Growth ETF) are both Small Cap Growth Equities funds. Both are actively managed. Over the past 3 years, MMSC returned 22.52%/yr vs 6.32%/yr for TMFS. Their correlation of 0.86 suggests significant overlap in exposure. MMSC charges 0.95%/yr vs 0.85%/yr for TMFS.

Performance

MMSC vs. TMFS - 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 Motley Fool Small-Cap Growth ETF (TMFS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MMSC achieves a 17.91% return, which is significantly higher than TMFS's -4.69% return.

MMSC

• 1D: -0.56%
• 1M: 5.15%
• YTD: 17.91%
• 6M: 17.19%
• 1Y: 42.14%
• 3Y*: 22.52%
• 5Y*: —
• 10Y*: —

TMFS

• 1D: -1.11%
• 1M: -3.92%
• YTD: -4.69%
• 6M: -6.04%
• 1Y: -3.97%
• 3Y*: 6.32%
• 5Y*: -1.68%
• 10Y*: —

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

MMSC vs. TMFS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MMSC First Trust Multi-Manager Small Cap Opportunities ETF	17.91%	15.45%	22.19%	18.76%	-30.98%	1.01%
TMFS Motley Fool Small-Cap Growth ETF	-4.69%	-1.59%	15.41%	25.40%	-33.15%	-5.09%

Correlation

The correlation between MMSC and TMFS is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 15, 2021	0.86

The correlation between MMSC and TMFS shifts across timeframes, from 0.68 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

MMSC vs. TMFS - Sectors Allocation Comparison

Sectors	MMSC	TMFS
Industrials	27.4%	23.8%
Technology	23.4%	26.6%
Healthcare	22.2%	20.9%
Financial Services	8.1%	13.1%
Consumer Cyclical	7.2%	5.8%
Energy	6.7%	2.4%
Basic Materials	2.5%	2.4%
Consumer Defensive	1.4%	0.0%
Utilities	0.7%	-
Communication Services	0.5%	-
Real Estate	0.2%	5.2%

Return for Risk

MMSC vs. TMFS — Risk / Return Rank

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

MMSC

MMSC Risk / Return Rank: 57
MMSC Sharpe Ratio Rank: 56
MMSC Sortino Ratio Rank: 53
MMSC Omega Ratio Rank: 51
MMSC Calmar Ratio Rank: 61
MMSC Martin Ratio Rank: 64

TMFS

TMFS Risk / Return Rank: 6
TMFS Sharpe Ratio Rank: 7
TMFS Sortino Ratio Rank: 6
TMFS Omega Ratio Rank: 6
TMFS Calmar Ratio Rank: 6
TMFS Martin Ratio Rank: 6

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.

MMSC vs. TMFS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and Motley Fool Small-Cap Growth ETF (TMFS). 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.

	MMSC	TMFS	Difference
Sharpe ratio Return per unit of total volatility	1.90	-0.20	+2.10
Sortino ratio Return per unit of downside risk	2.56	-0.16	+2.72
Omega ratio Gain probability vs. loss probability	1.32	0.98	+0.34
Calmar ratio Return relative to maximum drawdown	3.00	-0.25	+3.26
Martin ratio Return relative to average drawdown	11.46	-0.70	+12.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MMSC vs. TMFS - Sharpe Ratio Comparison

The current MMSC Sharpe Ratio is 1.90, which is higher than the TMFS Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of MMSC and TMFS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MMSC	TMFS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	-0.20	+2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.32	-0.03

Drawdowns

MMSC vs. TMFS - Drawdown Comparison

The maximum MMSC drawdown since its inception was -40.82%, smaller than the maximum TMFS drawdown of -48.79%. Use the drawdown chart below to compare losses from any high point for MMSC and TMFS.

Drawdown Indicators

	MMSC	TMFS	Difference
Max Drawdown Largest peak-to-trough decline	-40.82%	-48.79%	+7.97%
Max Drawdown (1Y) Largest decline over 1 year	-14.10%	-15.73%	+1.63%
Max Drawdown (3Y) Largest decline over 3 years	-29.76%	-27.05%	-2.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.68%	—
Current Drawdown Current decline from peak	-0.70%	-22.78%	+22.08%
Average Drawdown Average peak-to-trough decline	-18.78%	-19.47%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	5.68%	-1.99%

Volatility

MMSC vs. TMFS - Volatility Comparison

First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) has a higher volatility of 6.69% compared to Motley Fool Small-Cap Growth ETF (TMFS) at 5.23%. This indicates that MMSC's price experiences larger fluctuations and is considered to be riskier than TMFS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMSC	TMFS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	5.23%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	17.11%	13.98%	+3.13%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	19.62%	+2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.46%	22.93%	+1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	25.52%	-1.06%

MMSC vs. TMFS - Expense Ratio Comparison

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

Dividends

MMSC vs. TMFS - Dividend Comparison

Neither MMSC nor TMFS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MMSC First Trust Multi-Manager Small Cap Opportunities ETF	0.00%	0.00%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%
TMFS Motley Fool Small-Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.34%	2.37%	5.57%	2.65%

Frequently Asked Questions

Can I hold both MMSC and TMFS in my portfolio?

MMSC and TMFS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MMSC or TMFS?

MMSC has higher volatility (6.69%) compared to TMFS (5.23%). In terms of maximum drawdown, MMSC dropped -40.82% vs TMFS's -48.79%.

Which ETF is better, MMSC or TMFS?

On 3-year performance, MMSC leads with 22.52% vs 6.32% for TMFS. On fees, TMFS is cheaper at 0.85% per year. On volatility, TMFS has been the lower-risk option at 5.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MMSC or TMFS?

Over the 3-year period, MMSC has performed better with a 22.52% return vs 6.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MMSC or TMFS?

TMFS is cheaper with a 0.85% expense ratio, compared with 0.95% for MMSC.

Which ETF pays a higher dividend yield, MMSC or TMFS?

MMSC and TMFS have nearly identical dividend yields, around 0.00%.

What is the main difference between MMSC and TMFS?

They also come from different issuers: First Trust and Motley Fool. Their fees differ too: 0.95% for MMSC and 0.85% for TMFS.

Which has better risk-adjusted returns?

MMSC currently has the higher Sharpe Ratio (1.90 vs -0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.