MMSC vs. VOO
Compare and contrast key facts about First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and Vanguard S&P 500 ETF (VOO).
MMSC and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Performance
MMSC vs. VOO - Performance Comparison
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MMSC vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MMSC First Trust Multi-Manager Small Cap Opportunities ETF | -0.98% | 15.45% | 22.19% | 18.76% | -30.98% | 1.01% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 7.72% |
Returns By Period
In the year-to-date period, MMSC achieves a -0.98% return, which is significantly higher than VOO's -4.42% return.
MMSC
- 1D
- 4.82%
- 1M
- -6.15%
- YTD
- -0.98%
- 6M
- 1.92%
- 1Y
- 30.40%
- 3Y*
- 16.41%
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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MMSC vs. VOO - Expense Ratio Comparison
MMSC has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
MMSC vs. VOO — Risk / Return Rank
MMSC
VOO
MMSC vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 0.98 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.50 | +0.20 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.53 | +0.51 |
Martin ratioReturn relative to average drawdown | 7.28 | 7.29 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MMSC | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.98 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.83 | -0.70 |
Correlation
The correlation between MMSC and VOO is 0.84, 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
MMSC vs. VOO - Dividend Comparison
MMSC has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
MMSC vs. VOO - Drawdown Comparison
The maximum MMSC drawdown since its inception was -40.82%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MMSC and VOO.
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Drawdown Indicators
| MMSC | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.82% | -33.99% | -6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -14.17% | -11.98% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -9.96% | -6.29% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -19.44% | -3.72% | -15.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.52% | +1.46% |
Volatility
MMSC vs. VOO - Volatility Comparison
First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) has a higher volatility of 10.00% compared to Vanguard S&P 500 ETF (VOO) at 5.29%. This indicates that MMSC's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMSC | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 5.29% | +4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 18.07% | 9.44% | +8.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.46% | 18.10% | +8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.54% | 16.82% | +7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.54% | 17.99% | +6.55% |