First Trust Long Duration Opportunities ETF (LGOV)

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First Trust Long Duration Opportunities ETF (LGOV) is down 0.3% since the beginning of the year. LGOV is currently trading at $21 per share. Investors who bought $1,000 worth of LGOV shares 5 years ago would now be looking at an investment worth $907.

First Trust Long Duration Opportunities ETF (LGOV) has returned -0.34% so far this year and 4.73% over the past 12 months.

Based on dividend-adjusted daily data since Jan 23, 2019, LGOV's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.

Historically, 51% of months were positive and 49% were negative. The best month was Nov 2023 with a return of +7.8%, while the worst month was Sep 2022 at -5.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.

On a daily basis, LGOV closed higher 50% of trading days. The best single day was May 15, 2020 with a return of +3.1%, while the worst single day was Mar 13, 2020 at -4.6%.

First Trust Long Duration Opportunities ETF has an annualized alpha of 2.02%, beta of -0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 23, 2019.

• This ETF participated in 28.63% of S&P 500 Index downside but only 13.84% of its upside - more exposed to losses than it benefited from rallies.
• Beta of -0.02 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

LGOV has an expense ratio of 0.70%, placing it in the medium range.

LGOV ranks 19 for risk / return — in the bottom 19% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

First Trust Long Duration Opportunities ETF provided a 4.26% dividend yield over the last twelve months, with an annual payout of $0.91 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 30.86%, occurring on Oct 19, 2023. The portfolio has not yet recovered.

The current First Trust Long Duration Opportunities ETF drawdown is 15.08%.

The chart below shows the rolling one-month volatility.