First Trust Long Duration Opportunities ETF (LGOV) Alternatives
First Trust Long Duration Opportunities ETF (LGOV) belongs to the Mortgage Backed Securities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with LGOV. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to LGOV
LGOV charges 0.70% annually. Among ETFs in the Mortgage Backed Securities category, these options have the lowest expense ratios among LGOV alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| SPDR Portfolio Mortgage Backed Bond ETF | 0.04% | Jan 15, 2009 | LGOV vs SPMB | |
| Vanguard Mortgage-Backed Securities ETF | 0.04% | Nov 19, 2009 | LGOV vs VMBS | |
| iShares MBS Bond ETF | 0.06% | Mar 16, 2007 | LGOV vs MBB | |
| iShares GNMA Bond ETF | 0.15% | Feb 14, 2012 | LGOV vs GNMA | |
| FlexShares Disciplined Duration MBS Index Fund | 0.20% | Sep 4, 2014 | LGOV vs MBSD |
Best Risk-Adjusted Alternatives to LGOV
Among ETFs in the Mortgage Backed Securities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | 97 | Nov 4, 2013 | LGOV vs FTSD | |
| First Trust Low Duration Mortgage Opportunities ET... | 93 | Nov 4, 2014 | LGOV vs LMBS | |
| Virtus Newfleet ABS/MBS ETF | 92 | Feb 9, 2021 | LGOV vs VABS | |
| iShares CMBS ETF | 74 | Feb 14, 2012 | LGOV vs CMBS | |
| PIMCO Mortgage-Backed Securities Active Exchange-T... | 68 | Jul 31, 1997 | LGOV vs PMBS |
Top Performing LGOV Alternatives (YTD)
LGOV alternatives from the Mortgage Backed Securities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Virtus Newfleet ABS/MBS ETF | 0.75% | Feb 9, 2021 | LGOV vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 0.66% | Nov 4, 2014 | LGOV vs LMBS | |
| PIMCO Mortgage-Backed Securities Active Exchange-T... | 0.61% | Jul 31, 1997 | LGOV vs PMBS | |
| JPMorgan Mortgage-Backed Securities ETF | 0.59% | Aug 18, 2000 | LGOV vs JMTG | |
| SPDR Portfolio Mortgage Backed Bond ETF | 0.51% | Jan 15, 2009 | LGOV vs SPMB |
Lowest Volatility Alternatives to LGOV
LGOV alternatives from the Mortgage Backed Securities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | 1.97% | Nov 4, 2013 | LGOV vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | 2.23% | Feb 9, 2021 | LGOV vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | 2.57% | Nov 4, 2014 | LGOV vs LMBS | |
| Eaton Vance Mortgage Opportunities ETF | 2.79% | Aug 4, 2025 | LGOV vs EVMO | |
| iShares Securitized Income Active ETF | 3.68% | Jan 26, 2026 | LGOV vs SECU |
Lowest Drawdown Alternatives to LGOV
LGOV alternatives from the Mortgage Backed Securities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.93% | Nov 4, 2013 | LGOV vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | -1.05% | Feb 9, 2021 | LGOV vs VABS | |
| First Trust Low Duration Mortgage Opportunities ET... | -1.72% | Nov 4, 2014 | LGOV vs LMBS | |
| FlexShares Disciplined Duration MBS Index Fund | -2.22% | Sep 4, 2014 | LGOV vs MBSD | |
| iShares CMBS ETF | -2.44% | Feb 14, 2012 | LGOV vs CMBS |
Other ETFs from First Trust
Most popular First Trust ETFs on PortfoliosLab, across asset classes.
Often Compared With LGOV
What investors most often compare with LGOV, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 0.86% | May 26, 2020 | LGOV vs SGOV | |
| First Trust Intermediate Government Opportunities ... | Government Bonds | 50 | 0.28% | Aug 2, 2023 | LGOV vs MGOV | |
| State Street SPDR S&P 500 ETF | S&P 500 | 64 | -4.37% | Jan 22, 1993 | LGOV vs SPY | |
| Invesco QQQ ETF | Large Cap Growth Equities | 69 | -5.93% | Mar 10, 1999 | LGOV vs QQQ | |
| iShares 10-20 Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 16 | -0.24% | Jan 11, 2007 | LGOV vs TLH | |
| DoubleLine Commercial Real Estate ETF | Short-Term Bond | 98 | 0.90% | Mar 31, 2023 | LGOV vs DCRE |
Compare LGOV with Any Fund or Stock
Compare LGOV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.