FSEG vs MMSC
Fidelity Enhanced Small Cap Growth ETF vs First Trust Multi-Manager Small Cap Opportunities ETF
Which is better, FSEG or MMSC?
FSEG costs less.
FSEG has a lower expense ratio. FSEG is less concentrated, with 9.1% of the fund in its ten largest positions against 14.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FSEG | MMSC |
|---|---|---|
| Expense Ratio | 0.28%Best | 0.95% |
| AUM | $6M | $51M |
| Dividend Yield | 0.08% | 0.00% |
| Holdings | 917 | 420 |
| YTD Return | +0.18% | +5.41%Best |
| 1Y Return | - | +6.60% |
| 3Y Return (annualized) | - | +19.22% |
| 5Y Return (annualized) | - | +4.63% |
| Top 10 Weight | 9.1%Best | 14.0% |
| Fund Family | Fidelity Investments (US) | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Small Cap Growth | Small Cap Growth |
| Inception | Apr 28, 2026 | Oct 13, 2021 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
FSEG vs MMSC growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
FSEG vs MMSC Performance
Fidelity Enhanced Small Cap Growth ETF (FSEG) is an ETF from Fidelity Investments (US) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) is an ETF from First Trust Portfolios (US). Year to date, FSEG is up 0.18% versus a gain of 5.41% for MMSC.
Past performance does not guarantee future results.
Fees and Cost Over Time
FSEG charges 0.28% per year while MMSC charges 0.95%. On a $10,000 position that is $28 vs $95 annually, a gap of $67 per year that compounds over a long holding period. On income, FSEG currently yields 0.08% against 0.00% for MMSC.
Holdings Overlap
32.9% of FSEG's money is in holdings MMSC also owns. 49.7% of MMSC's money is in holdings FSEG also owns.
The two portfolios partly overlap.
97 positions in common, counted across the 465 positions we hold weights for in FSEG and 203 in MMSC, against full books of 917 and 420.
What only one of them owns
Our book lists 97 positions for MMSC that do not appear in our book for FSEG (47.5% of the fund), and 349 for FSEG that do not appear in MMSC (64.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in FSEG | Weight in MMSC | Difference |
|---|---|---|---|
| TWSTTwist Bioscience Corp. | 0.87% | 1.46% | 0.59% |
| XMTRXometry, Inc. | 0.63% | 1.58% | 0.95% |
| TVTXTravere Therapeutics Inc | 0.38% | 1.68% | 1.30% |
| FROGJfrog Ltd | 0.45% | 1.56% | 1.11% |
| GHGuardant Health, Inc | 0.53% | 1.30% | 0.77% |
| FCFSFirstcash Inc | 0.22% | 1.52% | 1.30% |
| PTGXProtagonist Therapeutics Inc | 0.61% | 1.11% | 0.50% |
| PRAXPraxis Precision Medicines, Inc. | 0.52% | 1.09% | 0.57% |
| GKOSGlaukos Corp. | 0.94% | 0.65% | 0.29% |
| HQYHealthequity Inc | 0.79% | 0.54% | 0.25% |
49.7% of MMSC is already inside FSEG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FSEG or MMSC?
FSEG has an expense ratio of 0.28% while MMSC charges 0.95%. FSEG is the cheaper option, by $67 a year on a $10,000 investment.
What is the holdings overlap between FSEG and MMSC?
49.7% of MMSC's money is in holdings FSEG also owns. 49.7% of MMSC's is in holdings FSEG also owns. They hold 97 positions in common, counted across the 465 positions we hold weights for in FSEG and 203 in MMSC.
Which pays a higher dividend, FSEG or MMSC?
FSEG yields 0.08% while MMSC yields 0.00%, so FSEG currently pays the higher dividend yield.
Is MMSC better than FSEG?
FSEG has a lower expense ratio. FSEG is less concentrated, with 9.1% of the fund in its ten largest positions against 14.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.