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ETFs

First Trust Multi-Manager Small Cap Opportunities ETF

MMSC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 13 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$65,744
AUM
$6,867,030
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US Dollar
2.51%
CELH
Celsius Holdings Inc
2.14%
BRBR
Bellring Brands Inc
1.86%
FTI
TechnipFMC plc
1.79%
SPSC
SPS Commerce Inc.
1.52%
AXON
Axon Enterprise Inc
1.44%
SITE
SiteOne Landscape Supply Inc
1.42%
KNSL
Kinsale Capital Group Inc
1.38%
SMCI
Super Micro Computer Inc
1.38%
CYBR
CyberArk Software Ltd
1.31%
Invest with MMSC

What is MMSC?

The First Trust Multi-Manager Small Cap Opportunities ETF (the "Fund") seeks to provide long-term capital appreciation. Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowing for investment purposes) in equity securities issued by small capitalization companies. The Fund considers small capitalization companies to be those companies with market capitalizations, at the time of investment, within the market capitalization range of the companies comprising the Russell 2000 Growth Index (as of the indexs most recent reconstitution). The Funds portfolio is principally composed of common stocks issued by companies domiciled in the United States and common stocks issued by non-U.S. companies that are principally traded in the United States. The Fund utilizes a multi-manager approach to provide exposure to the small capitalization growth segment of the equity market through the blending of multiple portfolio management teams.

ETFs related toMMSC

ETFs correlated to MMSC include IWO, VTWG, VBK

MMSC
First Trust Exchange-Traded Fund VIII - First Trust Multi-Manager Small Cap Opportunities ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
FNY
First Trust Exchange-Traded Fund III - First Trust Mid Cap Growth AlphaDEX Fund
FYC
First Trust Exchange-Traded Fund III - First Trust Small Cap Growth AlphaDEX Fund
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMMSC

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with MMSC using Composer

FAQ

MMSC is a US Equities ETF. The First Trust Multi-Manager Small Cap Opportunities ETF (the "Fund") seeks to provide long-term capital appreciation. Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowing for investment purposes) in equity securities issued by small capitalization companies. The Fund considers small capitalization companies to be those companies with market capitalizations, at the time of investment, within the market capitalization range of the companies comprising the Russell 2000 Growth Index (as of the indexs most recent reconstitution). The Funds portfolio is principally composed of common stocks issued by companies domiciled in the United States and common stocks issued by non-U.S. companies that are principally traded in the United States. The Fund utilizes a multi-manager approach to provide exposure to the small capitalization growth segment of the equity market through the blending of multiple portfolio management teams.

Yes, MMSC is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MMSC is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MMSC is -0.0242%. This is the percent change in the value of MMSC over the most recent 1-month period. The 3-month return on MMSC is -0.0148%. This is the percent change in the value of MMSC over the most recent 3-month period.

The standard deviation of MMSC for the past year is 0.2077%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MMSC include SPHQ, DSI, and QUAL.

ETFs correlated to MMSC include IWO, VTWG, and VBK.

ETFs that are inversely correlated to MMSC include RWM, SRTY, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.