MMSC vs FLAX

Comparison between FIRST TRUST MULTI-MANAGER SMALL CAP OPPORTUNITIES ETF (MMSC, ETF) and FRANKLIN FTSE ASIA EX JAPAN ETF (FLAX, ETF).

5-Year PerformanceFLAX has outperformed MMSC, delivering a return of +8.0% compared to +6.9%

MMSC vs FLAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MMSC(ETF)	FLAX(ETF)
Net Assets	$52M	$52M
Expense Ratio	0.95%	0.19%
Max Drawdown	40.82%	44.11%
Sharpe Ratio	1.41	1.78
5Y Beta	1.28	0.80
P/E Ratio	280.79	N/A
Forward P/E	28.25	N/A
5Y Dividends CAGR	N/A	19.36%
5Y EPS CAGR	11.01%	N/A
Debt to Equity	6.48%	N/A
P/S Ratio	2.70	N/A
P/B Ratio	4.25	N/A

Net Assets

MMSC

$52M

FLAX

$52M

Expense Ratio

MMSC

0.95%

Winner

FLAX

0.19%

Max Drawdown

Winner

MMSC

40.82%

FLAX

44.11%

Sharpe Ratio

MMSC

1.41

Winner

FLAX

1.78

5Y Beta

MMSC

1.28

Winner

FLAX

0.80

P/E Ratio

MMSC

280.79

FLAX

N/A

Forward P/E

MMSC

28.25

FLAX

N/A

5Y Dividends CAGR

MMSC

N/A

FLAX

19.36%

5Y EPS CAGR

MMSC

11.01%

FLAX

N/A

Debt to Equity

MMSC

6.48%

FLAX

N/A

P/S Ratio

MMSC

2.70

FLAX

N/A

P/B Ratio

MMSC

4.25

FLAX

N/A

MMSC vs FLAX - Holdings Comparison

MMSC and FLAX have 1 common holdings. Overlap is 0.00%

MMSC's top 25 holdings weight is 29.27%. FLAX's top 25 holdings weight is 45.60%.

Rank	MMSC	FLAX
#1	BLOOM ENERGY CORP CLASS A (BE) - 2.38%	n/a (n/a) - 14.42%
#2	CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 2.13%	SAMSUNG ELECTRONICS CO LTD (n/a) - 7.33%
#3	PLANET LABS PBC CLASS A (PL) - 1.56%	SK HYNIX INC (n/a) - 5.53%
#4	NLIGHT INC (LASR) - 1.47%	TENCENT HOLDINGS LTD (n/a) - 3.00%
#5	MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 1.44%	n/a (n/a) - 2.53%
#6	FABRINET (FN) - 1.36%	MEDIATEK INC (n/a) - 1.43%
#7	MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 1.35%	DELTA ELECTRONICS INC (n/a) - 1.11%
#8	XOMETRY INC ORDINARY SHARES CLASS A (XMTR) - 1.27%	AIA GROUP LTD (n/a) - 0.96%
#9	RAMBUS INC (RMBS) - 1.26%	n/a (n/a) - 0.84%
#10	FIRSTCASH HOLDINGS INC (FCFS) - 1.20%	CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.83%
#11	LUMENTUM HOLDINGS INC (LITE) - 1.17%	RELIANCE INDUSTRIES LTD (n/a) - 0.81%
#12	SITIME CORP ORDINARY SHARES (SITM) - 0.98%	HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.79%
#13	GUARDANT HEALTH INC (GH) - 0.97%	DBS GROUP HOLDINGS LTD (n/a) - 0.78%
#14	TRAVERE THERAPEUTICS INC ORDINARY SHARES (TVTX) - 0.96%	HDFC BANK LTD (n/a) - 0.74%
#15	EZCORP INC REGISTERED SHS -A- NON VTG (EZPW) - 0.94%	n/a (n/a) - 0.65%
#16	COHERENT CORP (COHR) - 0.93%	PDD HOLDINGS INC ADR (PDD) - 0.61%
#17	POWELL INDUSTRIES INC (POWL) - 0.93%	XIAOMI CORP CLASS B (n/a) - 0.58%
#18	NEXTPOWER INC CLASS A (NXT) - 0.92%	ICICI BANK LTD (n/a) - 0.57%
#19	n/a (SEI) - 0.92%	SK SQUARE (n/a) - 0.56%
#20	VSE CORP (VSEC) - 0.91%	HONG KONG EXCHANGES AND CLEARING LTD (n/a) - 0.53%
#21	RBC BEARINGS INC (RBC) - 0.89%	SUN HUNG KAI PROPERTIES LTD (n/a) - 0.21%
#22	STERLING INFRASTRUCTURE INC (STRL) - 0.86%	TATA CONSULTANCY SERVICES LTD (n/a) - 0.20%
#23	TWIST BIOSCIENCE CORP (TWST) - 0.83%	AGRICULTURAL BANK OF CHINA LTD CLASS H (n/a) - 0.20%
#24	MODINE MANUFACTURING CO (MOD) - 0.82%	POSCO HOLDINGS INC (n/a) - 0.20%
#25	LIGAND PHARMACEUTICALS INC (LGND) - 0.82%	CATHAY FINANCIAL HOLDING CO LTD (n/a) - 0.19%
Total Holdings	202	1490

MMSC vs FLAX - Historical Returns

Returns include dividend reinvestment.

Period	MMSC	FLAX
1 month	+3.36%	+5.91%
3 months	+17.05%	+18.21%
6 months	+16.67%	+31.53%
1 year	+40.36%	+50.35%
5 years(CAGR)	+6.87%	+8.02%
10 years(CAGR)	N/A	+8.55%
Max(CAGR)	+6.87%	+8.55%

MMSC

+3.36%

Winner

FLAX

+5.91%

MMSC

+17.05%

Winner

FLAX

+18.21%

MMSC

+16.67%

Winner

FLAX

+31.53%

MMSC

+40.36%

Winner

FLAX

+50.35%

5Y(CAGR)

MMSC

+6.87%

Winner

FLAX

+8.02%

10Y(CAGR)

MMSC

N/A

FLAX

+8.55%

Max(CAGR)

MMSC

+6.87%

Winner

FLAX

+8.55%

MMSC vs FLAX - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	MMSC	FLAX
2026	+14.65%	+23.61%
2025	+14.83%	+34.33%
2024	+24.23%	+11.69%
2023	+19.91%	+4.95%
2022	-31.07%	-19.30%
2021	+1.01%	-4.77%
2020	N/A	+22.01%
2019	N/A	+17.90%
2018	N/A	-12.03%

MMSC vs FLAX Drawdown Comparison

The maximum drawdown for MMSC was -40.82%, occurring on Jun 16, 2022. Recovery took 756 trading sessions.

The maximum drawdown for FLAX was -42.50%, occurring on Oct 24, 2022. Recovery took 1147 trading sessions.

The current MMSC drawdown is -1.81%. The current FLAX drawdown is -2.95%.

Rank	MMSC	FLAX
#1	-40.82% Nov 8, 2021 - Nov 11, 2024	-42.50% Feb 17, 2021 - Sep 11, 2025
#2	-29.76% Dec 4, 2024 - Sep 17, 2025	-29.77% Mar 14, 2018 - Aug 4, 2020
#3	-14.10% Jan 22, 2026 - Apr 17, 2026	-12.99% Feb 25, 2026 - Apr 17, 2026
#4	-10.04% Oct 28, 2025 - Dec 10, 2025	-8.86% Jun 2, 2026 - Jun 5, 2026
#5	-6.14% Dec 11, 2025 - Jan 6, 2026	-5.55% Jan 21, 2021 - Feb 9, 2021
#6	-6.13% Jun 4, 2026 - Jun 10, 2026	-5.31% Aug 28, 2020 - Oct 8, 2020
#7	-6.13% Nov 11, 2024 - Nov 25, 2024	-5.30% May 11, 2026 - May 26, 2026
#8	-5.50% May 11, 2026 - May 26, 2026	-5.20% Oct 29, 2025 - Jan 2, 2026
#9	-3.75% Apr 20, 2026 - May 5, 2026	-4.39% Oct 6, 2025 - Oct 20, 2025
#10	-3.47% Oct 8, 2025 - Oct 14, 2025	-3.34% Jan 28, 2026 - Feb 10, 2026
#11	-3.26% Oct 15, 2025 - Oct 24, 2025	-2.72% Oct 12, 2020 - Nov 4, 2020
#12	-2.94% Sep 22, 2025 - Oct 2, 2025	-2.54% Feb 23, 2018 - Mar 13, 2018
#13	-1.81% May 6, 2026 - May 11, 2026	-2.37% Nov 27, 2020 - Dec 3, 2020
#14	-1.38% Oct 25, 2021 - Oct 28, 2021	-1.91% Aug 6, 2020 - Aug 17, 2020
#15	-1.13% May 28, 2026 - Jun 4, 2026	-1.90% Sep 17, 2025 - Oct 1, 2025