First Trust Long Duration Opportunities ETF (LGOV)
LGOV is an actively managed ETF by First Trust. LGOV launched on Jan 22, 2019 and has a 0.70% expense ratio.
ETF Info
| ISIN | US33738D6067 |
|---|---|
| CUSIP | 33738D606 |
| Issuer | First Trust |
| Inception Date | Jan 22, 2019 |
| Region | North America (U.S.) |
| Category | Mortgage Backed Securities, Actively Managed |
| Index Tracked | No Index (Active) |
| Home Page | www.ftportfolios.com |
| Asset Class | Bond |
Expense Ratio
LGOV has a high expense ratio of 0.70%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: LGOV vs. SGOV
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Long Duration Opportunities ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Long Duration Opportunities ETF had a return of -3.75% year-to-date (YTD) and -3.18% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.75% | 11.05% |
| 1 month | 3.80% | 4.86% |
| 6 months | 4.21% | 17.50% |
| 1 year | -3.18% | 27.37% |
| 5 years (annualized) | -1.38% | 13.14% |
| 10 years (annualized) | N/A | 10.90% |
Monthly Returns
The table below presents the monthly returns of LGOV, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.63% | -2.64% | 0.85% | -5.15% | -3.75% | ||||||||
| 2023 | 3.75% | -2.54% | 3.85% | 0.25% | -1.31% | -0.62% | -1.40% | -1.37% | -5.32% | -3.81% | 7.76% | 6.46% | 4.91% |
| 2022 | -2.05% | -0.97% | -3.78% | -5.35% | -1.09% | -1.12% | 1.84% | -2.75% | -5.48% | -2.89% | 3.71% | -1.43% | -19.72% |
| 2021 | -1.31% | -3.48% | -2.13% | 1.23% | 0.92% | 2.24% | 1.42% | -0.21% | -1.54% | 0.61% | 1.29% | -0.82% | -1.93% |
| 2020 | 4.61% | 3.91% | -0.37% | 2.75% | -0.27% | 1.92% | 0.59% | -1.58% | 0.43% | -1.70% | 0.42% | 0.21% | 11.23% |
| 2019 | 1.42% | -0.06% | 3.28% | -0.59% | 4.09% | 1.75% | -0.19% | 4.78% | -1.23% | -0.91% | 0.18% | -1.32% | 11.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LGOV is 6, indicating that it is in the bottom 6% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
LGOV (First Trust Long Duration Opportunities ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Long Duration Opportunities ETF (LGOV) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Long Duration Opportunities ETF granted a 4.05% dividend yield in the last twelve months. The annual payout for that period amounted to $0.85 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.80 | $0.43 | $0.72 | $1.07 | $0.81 |
Dividend yield | 4.05% | 3.60% | 1.98% | 2.58% | 3.69% | 2.99% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Long Duration Opportunities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.07 | $0.07 | $0.07 | $0.00 | $0.28 | |||||||
| 2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.80 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 | $0.05 | $0.43 |
| 2021 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.05 | $0.06 | $0.06 | $0.05 | $0.04 | $0.04 | $0.04 | $0.72 |
| 2020 | $0.12 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.08 | $0.02 | $0.01 | $0.02 | $0.04 | $0.27 | $1.07 |
| 2019 | $0.04 | $0.05 | $0.08 | $0.06 | $0.05 | $0.01 | $0.04 | $0.05 | $0.09 | $0.06 | $0.29 | $0.81 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Long Duration Opportunities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Long Duration Opportunities ETF was 30.90%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current First Trust Long Duration Opportunities ETF drawdown is 23.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.9% | Mar 10, 2020 | 911 | Oct 19, 2023 | — | — | — |
| -4.68% | Sep 5, 2019 | 48 | Nov 11, 2019 | 54 | Jan 30, 2020 | 102 |
| -1.68% | Mar 29, 2019 | 14 | Apr 17, 2019 | 17 | May 13, 2019 | 31 |
| -1.49% | Jul 5, 2019 | 6 | Jul 12, 2019 | 14 | Aug 1, 2019 | 20 |
| -1.15% | Feb 27, 2019 | 3 | Mar 1, 2019 | 5 | Mar 8, 2019 | 8 |
Volatility
Volatility Chart
The current First Trust Long Duration Opportunities ETF volatility is 2.27%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.