MMLG vs VYM
First Trust Multi-Manager Large Growth ETF vs Vanguard High Dividend Yield ETF
Which is better, MMLG or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. MMLG led over 1Y, VYM over the full window.
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 | MMLG | VYM |
|---|---|---|
| Expense Ratio | 0.85% | 0.04%Best |
| AUM | $95M | $78.9B |
| Dividend Yield | 0.00% | 2.37% |
| Holdings | 75 | 608 |
| Volatility (annualized) | 21.3% | 14.1%Best |
| Max Drawdown | -46.0% | -15.8%Best |
| $10,000 over 5.9 years | $18,797 | $22,786Best |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Jul 20, 2020 | Nov 10, 2006 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 132 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. MMLG has data through Jun 4, 2026 and VYM through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 5.9 years row, are measured over the window both funds cover: Jul 22, 2020 to Jun 4, 2026 (5.9 years).
Risk: Volatility and Drawdowns
MMLG has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 14.1% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.0% for MMLG and -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MMLG charges 0.85% per year while VYM charges 0.04%. On a $10,000 position that is $85 vs $4 annually, a gap of $81 per year that compounds over a long holding period. On income, MMLG currently yields 0.00% against 2.37% for VYM.
Holdings Overlap
At least 11.5% of VYM's money is in holdings MMLG also owns.
Stated as a floor: for MMLG, our book for it covers 94.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VYM and MMLG share little of their money.
The two holdings books were reported 123 days apart, MMLG as of Apr 30, 2026 and VYM as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
11 positions in common, counted across the 76 positions we hold weights for in MMLG and 602 in VYM, against full books of 75 and 608.
Top Shared Holdings
| Stock | Weight in MMLG | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 4.62% | 6.94% | 2.32% |
| ORCLOracle Corp - Common | 0.65% | 1.03% | 0.38% |
| WFCWells Fargo & Co. | 0.30% | 1.07% | 0.77% |
| ADIAnalog Devices, Inc. | 0.40% | 0.71% | 0.31% |
| LOWLowes Cos., Inc. | 0.50% | 0.46% | 0.04% |
| RCLRoyal Caribbean Cruises Ltd Common Stock | 0.39% | 0.27% | 0.12% |
| FERGFerguson Enterprises | 0.42% | 0.17% | 0.25% |
| CMICummins Inc. | 0.26% | 0.31% | 0.05% |
| LHXL3Harris Technologies Inc. | 0.32% | 0.20% | 0.12% |
| NDAQNasdaq Inc. | 0.32% | 0.18% | 0.14% |
You are not choosing between two funds in isolation.
Whichever of MMLG and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MMLG or VYM?
MMLG has an expense ratio of 0.85% while VYM charges 0.04%. VYM is the cheaper option, by $81 a year on a $10,000 investment.
Which is riskier, MMLG or VYM?
MMLG has been the more volatile fund at 21.3% annualized versus 14.1% for VYM. Worst drawdown: MMLG -46.0% vs VYM -15.8%.
Should I hold both MMLG and VYM?
MMLG and VYM have a monthly-return correlation of 0.60, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MMLG and VYM?
At least 11.5% of VYM's money is in holdings MMLG also owns. Our book for MMLG is partial, so the real figure is this or higher. They hold 11 positions in common, counted across the 76 positions we hold weights for in MMLG and 602 in VYM.
Which pays a higher dividend, MMLG or VYM?
MMLG yields 0.00% while VYM yields 2.37%, so VYM currently pays the higher dividend yield.
Is VYM better than MMLG?
VYM has a lower expense ratio. MMLG led over 1Y, VYM over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.