MMSC vs SPIT
First Trust Multi-Manager Small Cap Opportunities ETF against F/m Emerald Special Situations ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
15%
17 shared positions
Fee gap
6 bp
SPIT is cheaper
1-year return gap
5.7 pts
SPIT is ahead
Larger fund
MMSC
$52M
Side by side
| MMSC | SPIT | |
|---|---|---|
| Fund | First Trust Multi-Manager Small Cap Opportunities ETF | F/m Emerald Special Situations ETF |
| Issuer | First Trust | F/m Investments |
| Category | Small Cap Blend | Merger Arbitrage & Event |
| Expense ratio | 0.95% | 0.89% |
| Assets | $52M | $29M |
| Average daily dollar volume | $113K | $101K |
| Listed | Oct 13, 2021 | Aug 1, 2014 |
| FrenzyCap score | 27 | 36 |
| 1-month return | −0.1% | −0.9% |
| 3-month return | −4.8% | −6.4% |
| Year to date | +12.2% | +19.2% |
| 1-year return | +11.7% | +17.4% |
| 30-day volatility | 15.5% | 15.5% |
| Worst drawdown, 1 year | −14.1% | −16.4% |
| Trailing 12-month yield | — | 6.03% |
| Holdings | 202 | 50 |
| Top 10 weight | 15.1% | 36.4% |
| Look-through P/E | 334.9 | — |
| Holdings vs fair value | +3.9% | +7.7% |
| Holdings above 200-day average | 45% | 39% |
| Net flow, latest 3 reported months | +$1.4M thru May 2026 | +$4.0M thru Jul 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of May 31, 2026SEC filing | as of Apr 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
15% of MMSC · 40% of SPIT
Sector mix of the stock holdings
| Sector | MMSC | SPIT | Gap |
|---|---|---|---|
| Industrials | 25.2% | 27.9% | −2.7% |
| Technology | 21.7% | 16.0% | +5.7% |
| Health Care | 19.7% | 17.8% | +1.9% |
| Consumer Discretionary | 8.8% | 7.2% | +1.6% |
| Financials | 6.1% | 4.9% | +1.2% |
| Materials | 3.9% | 3.0% | +0.9% |
| Energy | 2.2% | 4.7% | −2.5% |
| Utilities | 0.6% | 2.8% | −2.3% |
| Consumer Staples | 0.6% | 1.4% | −0.8% |
| Other | 0.2% | 0.0% | +0.2% |
More: full overlap table · MMSC holdings · SPIT holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.