MMSC vs. XSVM
Compare and contrast key facts about First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and Invesco S&P SmallCap Value with Momentum ETF (XSVM).
MMSC and XSVM 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. XSVM is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMSC or XSVM.
Performance
MMSC vs. XSVM - Performance Comparison
Returns By Period
In the year-to-date period, MMSC achieves a 24.90% return, which is significantly higher than XSVM's 8.22% return.
MMSC
24.90%
0.66%
7.86%
37.73%
N/A
N/A
XSVM
8.22%
3.80%
5.74%
20.28%
14.42%
10.72%
Key characteristics
| MMSC | XSVM | |
|---|---|---|
| Sharpe Ratio | 2.04 | 1.01 |
| Sortino Ratio | 2.76 | 1.63 |
| Omega Ratio | 1.35 | 1.19 |
| Calmar Ratio | 1.24 | 1.83 |
| Martin Ratio | 12.18 | 4.00 |
| Ulcer Index | 3.22% | 5.50% |
| Daily Std Dev | 19.20% | 21.89% |
| Max Drawdown | -40.82% | -62.57% |
| Current Drawdown | -5.82% | -3.39% |
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MMSC vs. XSVM - Expense Ratio Comparison
MMSC has a 0.95% expense ratio, which is higher than XSVM's 0.39% expense ratio.
Correlation
The correlation between MMSC and XSVM is 0.79, 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. XSVM - 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 Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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. XSVM - Dividend Comparison
MMSC has not paid dividends to shareholders, while XSVM's dividend yield for the trailing twelve months is around 1.57%.
| 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% |
XSVM Invesco S&P SmallCap Value with Momentum ETF | 1.57% | 1.31% | 1.79% | 1.23% | 1.21% | 1.22% | 2.54% | 1.90% | 2.29% | 2.68% | 1.32% | 1.15% |
Drawdowns
MMSC vs. XSVM - Drawdown Comparison
The maximum MMSC drawdown since its inception was -40.82%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for MMSC and XSVM. For additional features, visit the drawdowns tool.
Volatility
MMSC vs. XSVM - Volatility Comparison
The current volatility for First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) is 7.09%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 9.86%. This indicates that MMSC experiences smaller price fluctuations and is considered to be less risky than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.