MMLG vs VOO
MMLG vs VOO
First Trust Multi-Manager Large Growth ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MMLG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $95M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 75 | 509 | |
| YTD Return | +5.70% | +13.80% | |
| 1Y Return | +15.59% | +23.71% | |
| 3Y Return (annualized) | +21.54% | +21.50% | |
| 5Y Return (annualized) | +8.42% | +13.44% | |
| Volatility (annualized) | 21.3% | 14.1% | |
| Max Drawdown | -46.0% | -34.3% | |
| Fund Family | First Trust Portfolios (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 20, 2020 | Sep 7, 2010 |
MMLG vs VOO Performance
First Trust Multi-Manager Large Growth ETF (MMLG) is a ETF from First Trust Portfolios (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MMLG returned +15.59% while VOO returned +23.71%. Year to date, MMLG is up 5.70% versus a gain of 13.80% for VOO.
Over three years, MMLG compounded at +21.54% per year against +21.50% for VOO; over five years the annualized figures are +8.42% and +13.44% respectively. Across the full 6-year window we track, VOO has the edge at +13.58% annualized vs +11.29%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MMLG has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 14.1% for VOO. 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MMLG charges 0.85% per year while VOO charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, MMLG currently yields 0.00% against 1.09% for VOO.
Holdings Overlap
MMLG and VOO share 58 holdings out of 523 unique holdings combined, representing a 42.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MMLG | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 12.60% | 7.51% | 5.09% |
| AAPL | 4.14% | 6.59% | 2.45% |
| GOOGL | 6.30% | 3.25% | 3.05% |
| AMZN | Pro | Pro | Pro |
| MSFT | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| NFLX | Pro | Pro | Pro |
See all 10 holdings MMLG shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, MMLG or VOO?
MMLG has an expense ratio of 0.85% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, MMLG or VOO?
Over the past year MMLG returned +15.59% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), MMLG annualized +11.29% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, MMLG or VOO?
MMLG has been the more volatile fund at 21.3% annualized versus 14.1% for VOO. Worst drawdown: MMLG -46.0% vs VOO -34.3%.
Should I hold both MMLG and VOO?
MMLG and VOO have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between MMLG and VOO?
MMLG and VOO share 58 common holdings with a 42.4% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, MMLG or VOO?
MMLG yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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