Which returned more over the last year, FV or MLRG?

In the year to Nov 4, 2026, with distributions reinvested, FV returned +20.0% and MLRG +14.5%.

Which is cheaper, FV or MLRG?

MLRG is cheaper, by 0.86 percentage points a year. That is about $86 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do FV and MLRG overlap with the S&P 500?

By their latest filed holdings, 0% of FV and 96% of MLRG by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

FV vs MLRG: Differences, Returns & Fees

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Over the year to Nov 4, 2026, FV returned +20.0% to MLRG's +14.5%; 0% of their weight is in the same names.

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Net assets on Nov 3, 2026: $3.8bn for First Trust Dorsey Wright Focus 5 ETF and $1.3bn for iShares MSCI USA ETF.

FV on its own →MLRG on its own →

At a glance

+20.0%

FV total return, 1 year

+14.5%

MLRG total return, 1 year

0.89%

FV expense ratio

0.03%

MLRG expense ratio

Pair scorecard

MLRG costs 0.86 points a year less; their one-year returns differ by 5.5 points; FV is 2.9 times larger.

FV vs MLRG: Differences, Returns & Fees
Measure	FV	MLRG
Return
Measure	FV	MLRG
Total return, 1 year	+20.0%	+14.5%
Drawdown
Measure	FV	MLRG
Below its high	4.1%, high on Oct 28, 2026
Benchmark
Measure	FV	MLRG
What it tracks	Dorsey Wright Focus Five Index	MSCI USA Index
Cost and size
Measure	FV	MLRG
Expense ratio	0.89%	0.03%
Net assets, as of Nov 3, 2026	$3.8bn	$1.3bn
Holdings
Measure	FV	MLRG
Holdings in common	0%
Top ten holdings, share of the fund	99.9%	36.5%

Method

What they share

By the books each fund has filed, FV and MLRG hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FV MLRG

Only in one fund ↓

Only in FV

First Trust Nasdaq Pharmaceuticals ETF 22.02%

First Trust NYSE® Arca® Biotechnology Index Fund 21.16%

First Trust Nasdaq Oil & Gas ETF 20.98%

First Trust Technology AlphaDEX® Fund 18.53%

First Trust NASDAQ-100-Technology Sector Index Fund 17.19%

Only in MLRG

APPLE 7.48%

NVIDIA 7.29%

MICROSOFT 5.64%

AMAZON.COM INC 3.72%

ALPHABET CLASS A 2.52%

BROADCOM INC 2.30%

META PLATFORMS CLASS A 2.09%

ALPHABET CLASS C 2.00%

Check overlap with more funds →

Side by side

FV First Trust Dorsey Wright Focus 5 ETF MLRG iShares MSCI USA ETF

Where it sits Stock ETF Stock ETF

Issuer First Trust iShares

What it is Tracks an index Tracks an index

Total return, 1 year +20.0% +14.5%

Its benchmark over the same days +14.8% (VOO) +14.3% (PBUS)

Gap to its benchmark +5.2 pts vs VOO +0.2 pts vs PBUS

Expense ratio 0.89% 0.03%

Already in the S&P 500 0.0% 95.6%

Holdings 5 514

Net assets, as of Nov 3, 2026 $3.8bn $1.3bn

Former ticker none ILCB

FV and MLRG on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund

FV tracks an index. Over the year to Nov 4, 2026 it returned +20.0% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.89% a year. By its holdings published by its issuer for Nov 3, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 5 positions, with the top ten at 99.9%. It sat 4.1% below its high of Oct 28, 2026 on Nov 4, 2026.

MLRG

MLRG tracks an index. Over the year to Nov 4, 2026 it returned +14.5% with distributions reinvested, against +14.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Nov 3, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 514 positions, with the top ten at 36.5%.

Questions people ask

Which returned more over the last year, FV or MLRG?: In the year to Nov 4, 2026, with distributions reinvested, FV returned +20.0% and MLRG +14.5%.
Which is cheaper, FV or MLRG?: MLRG is cheaper, by 0.86 percentage points a year. That is about $86 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FV and MLRG overlap with the S&P 500?: By their latest filed holdings, 0% of FV and 96% of MLRG by weight is stocks the S&P 500 already holds.

Other comparisons

FV vs IVOG FV vs IMCB FV vs XMHQ FV vs JHMM MLRG vs VFMO IVOO vs MLRG IMCG vs MLRG MLRG vs SMMD

Where to next

FV on its own →MLRG on its own →Hold both: look the portfolio through →Rankings →FV dividend history →FV holdings →MLRG dividend history →MLRG holdings →Standards and sources →

Sources and dates

FV filings on SEC EDGAR ↗

FV prospectus with the expense ratio (SEC) ↗

First Trust page for FV ↗

MLRG filings on SEC EDGAR ↗

MLRG prospectus with the expense ratio (SEC) ↗

iShares page for MLRG ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FV against MLRG, data as of Nov 4, 2026. https://etfiq.com/compare/any/fv-vs-mlrg

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.