First Trust Low Duration Mortgage Opportunities ETF (LMBS)

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The chart shows the growth of an initial investment of $10,000 in First Trust Low Duration Mortgage 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.

First Trust Low Duration Mortgage Opportunities ETF (LMBS) has returned 0.66% so far this year and 5.57% over the past 12 months. Over the last ten years, LMBS has returned 2.84% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 5, 2014, LMBS's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, your investment would double in approximately 23.1 years.

Historically, 71% of months were positive and 29% were negative. The best month was Nov 2023 with a return of +2.3%, while the worst month was Mar 2020 at -2.5%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 10 months.

On a daily basis, LMBS closed higher 50% of trading days. The best single day was Mar 27, 2020 with a return of +1.4%, while the worst single day was Mar 19, 2020 at -1.9%.

First Trust Low Duration Mortgage Opportunities ETF has an annualized alpha of 3.04%, beta of -0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 06, 2014.

• This ETF captured 9.47% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.45%) — a profile typical of hedging or uncorrelated assets.
• Beta of -0.00 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.

LMBS has an expense ratio of 0.68%, placing it in the medium range.

LMBS ranks 93 for risk / return — in the top 93% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for First Trust Low Duration Mortgage Opportunities ETF (LMBS) and compare them to a chosen benchmark (S&P 500 Index).

First Trust Low Duration Mortgage Opportunities ETF provided a 4.10% dividend yield over the last twelve months, with an annual payout of $2.04 per share.

The table displays the monthly dividend distributions for First Trust Low Duration Mortgage 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 Low Duration Mortgage 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 Low Duration Mortgage Opportunities ETF was 6.49%, occurring on Oct 21, 2022. Recovery took 285 trading sessions.

The current First Trust Low Duration Mortgage Opportunities ETF drawdown is 0.91%.

The chart below shows the rolling one-month volatility.