MMLG vs SAWG
First Trust Multi-Manager Large Growth ETF vs AAM Sawgrass US Large Cap Quality Growth ETF
Which is better, MMLG or SAWG?
MMLG has been ahead.
SAWG has a lower expense ratio. MMLG led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | SAWG |
|---|---|---|
| Expense Ratio | 0.85% | 0.49%Best |
| AUM | $95M | $3M |
| Dividend Yield | 0.00% | 0.25% |
| Holdings | 75 | 2,359 |
| Volatility (annualized) | 18.9% | 12.6%Best |
| Max Drawdown | -26.6% | -18.7%Best |
| $10,000 over 1.8 years | $13,673Best | $12,742 |
| Fund Family | First Trust Portfolios (US) | Advisors Asset Management, Inc. |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Jul 20, 2020 | Jul 30, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 161 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 SAWG through Nov 12, 2026.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Jul 31, 2024 to Jun 4, 2026 (1.8 years).
Risk: Volatility and Drawdowns
MMLG has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 12.6% for SAWG. 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 -26.6% for MMLG and -18.7% for SAWG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. 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 SAWG charges 0.49%. On a $10,000 position that is $85 vs $49 annually, a gap of $36 per year that compounds over a long holding period. On income, MMLG currently yields 0.00% against 0.25% for SAWG.
Holdings Overlap
At least 39.9% of SAWG'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.
The two portfolios partly overlap.
The two holdings books were reported 168 days apart, MMLG as of Apr 30, 2026 and SAWG as of Oct 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
67 positions in common, counted across the 76 positions we hold weights for in MMLG and 1,140 in SAWG, against full books of 75 and 2,359.
Top Shared Holdings
| Stock | Weight in MMLG | Weight in SAWG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 12.60% | 6.18% | 6.42% |
| AAPLApple Inc | 4.14% | 5.90% | 1.76% |
| MSFTMicrosoft Corp | 4.69% | 4.51% | 0.18% |
| GOOGLAlphabet Inc | 6.30% | 2.44% | 3.86% |
| AMZNAmazon.Com Inc | 5.49% | 2.95% | 2.54% |
| AVGOBroadcom Inc | 4.62% | 1.90% | 2.72% |
| METAMeta Platforms Inc | 4.20% | 1.98% | 2.22% |
| SHOP:CAShopify Inc | 2.60% | 0.25% | 2.35% |
| LLYEli Lilly & Co | 1.70% | 1.10% | 0.60% |
| NFLXNetflix Inc | 2.28% | 0.34% | 1.94% |
39.9% of SAWG is already inside MMLG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, MMLG or SAWG?
MMLG has an expense ratio of 0.85% while SAWG charges 0.49%. SAWG is the cheaper option, by $36 a year on a $10,000 investment.
Which is riskier, MMLG or SAWG?
MMLG has been the more volatile fund at 18.9% annualized versus 12.6% for SAWG. Worst drawdown: MMLG -26.6% vs SAWG -18.7%.
Should I hold both MMLG and SAWG?
MMLG and SAWG have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between MMLG and SAWG?
At least 39.9% of SAWG's money is in holdings MMLG also owns. Our book for MMLG is partial, so the real figure is this or higher. They hold 67 positions in common, counted across the 76 positions we hold weights for in MMLG and 1,140 in SAWG.
Which pays a higher dividend, MMLG or SAWG?
MMLG yields 0.00% while SAWG yields 0.25%, so SAWG currently pays the higher dividend yield.
Is SAWG better than MMLG?
SAWG has a lower expense ratio. MMLG led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.