MMSC vs TAFL
Comparison between FIRST TRUST MULTI-MANAGER SMALL CAP OPPORTUNITIES ETF (MMSC, ETF) and AB TAX-AWARE LONG MUNICIPAL ETF (TAFL, ETF).
MMSC vs TAFL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MMSC
$48M
Winner
TAFL
$49M
Expense Ratio
MMSC
0.95%
Winner
TAFL
0.28%
Max Drawdown
MMSC
40.82%
Winner
TAFL
7.85%
Sharpe Ratio
Winner
MMSC
1.30
TAFL
0.98
5Y Beta
MMSC
1.27
Winner
TAFL
0.05
P/E Ratio
MMSC
201.30
TAFL
N/A
Forward P/E
MMSC
28.55
TAFL
N/A
5Y EPS CAGR
MMSC
10.77%
TAFL
N/A
Debt to Equity
MMSC
10.11%
TAFL
N/A
P/S Ratio
MMSC
2.69
TAFL
N/A
P/B Ratio
MMSC
4.37
TAFL
N/A
MMSC vs TAFL - Historical Returns
Returns include dividend reinvestment.
1M
MMSC
-0.96%
Winner
TAFL
+0.77%
3M
Winner
MMSC
+9.71%
TAFL
+0.82%
6M
Winner
MMSC
+11.11%
TAFL
+2.27%
1Y
Winner
MMSC
+35.79%
TAFL
+8.14%
5Y(CAGR)
MMSC
+6.19%
TAFL
N/A
Max(CAGR)
Winner
MMSC
+6.19%
TAFL
+3.87%
MMSC vs TAFL - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | MMSC | TAFL |
|---|---|---|
| 2026 | +11.06% | +1.72% |
| 2025 | +14.83% | +3.43% |
| 2024 | +24.23% | +2.20% |
| 2023 | +19.91% | +1.95% |
| 2022 | -31.07% | N/A |
| 2021 | +1.01% | N/A |
MMSC vs TAFL Drawdown Comparison
The maximum drawdown for MMSC was -40.82%, occurring on Jun 16, 2022. Recovery took 756 trading sessions.
The maximum drawdown for TAFL was -6.01%, occurring on Apr 11, 2025. Recovery took 191 trading sessions.
The current MMSC drawdown is -4.88%. The current TAFL drawdown is -0.08%.
| Rank | MMSC | TAFL |
|---|---|---|
| #1 | -40.82% Nov 8, 2021 - Nov 11, 2024 | -6.01% Dec 6, 2024 - Sep 15, 2025 |
| #2 | -29.76% Dec 4, 2024 - Sep 17, 2025 | -2.84% Oct 1, 2024 - Nov 29, 2024 |
| #3 | -14.10% Jan 22, 2026 - Apr 17, 2026 | -2.76% Feb 27, 2026 - Jun 2, 2026 |
| #4 | -10.04% Oct 28, 2025 - Dec 10, 2025 | -2.48% Feb 1, 2024 - Jun 13, 2024 |
| #5 | -6.14% Dec 11, 2025 - Jan 6, 2026 | -1.66% Dec 27, 2023 - Feb 1, 2024 |
| #6 | -6.13% Nov 11, 2024 - Nov 25, 2024 | -1.14% Aug 5, 2024 - Sep 10, 2024 |
| #7 | -5.50% May 11, 2026 - May 26, 2026 | -1.11% Nov 11, 2025 - Jan 7, 2026 |
| #8 | -4.88% Jun 4, 2026 - Jun 5, 2026 | -1.05% Jun 14, 2024 - Jul 11, 2024 |
| #9 | -3.75% Apr 20, 2026 - May 5, 2026 | -0.65% Jul 16, 2024 - Jul 31, 2024 |
| #10 | -3.47% Oct 8, 2025 - Oct 14, 2025 | -0.60% Jan 15, 2026 - Feb 5, 2026 |
| #11 | -3.26% Oct 15, 2025 - Oct 24, 2025 | -0.54% Sep 17, 2025 - Oct 7, 2025 |
| #12 | -2.94% Sep 22, 2025 - Oct 2, 2025 | -0.34% Sep 16, 2024 - Sep 27, 2024 |
| #13 | -1.81% May 6, 2026 - May 11, 2026 | -0.32% Oct 22, 2025 - Nov 11, 2025 |
| #14 | -1.38% Oct 25, 2021 - Oct 28, 2021 | -0.30% Jul 12, 2024 - Jul 16, 2024 |
| #15 | -1.13% May 28, 2026 - Jun 4, 2026 | -0.20% Feb 10, 2026 - Feb 12, 2026 |
Correlation
Correlation between MMSC and TAFL is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (2023 - 2026)
MMSC vs TAFL dividend yield comparison.
| Year | MMSC | TAFL |
|---|---|---|
| 2026 | 0.00% | 1.68% |
| 2025 | 0.00% | 4.11% |
| 2024 | 0.41% | 3.88% |
| 2023 | 0.00% | 0.19% |
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