First Trust Low Duration Mortgage Opportunities ETF (LMBS) Alternatives
First Trust Low Duration Mortgage Opportunities ETF (LMBS) 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 LMBS. 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 LMBS
LMBS charges 0.68% annually. Among ETFs in the Mortgage Backed Securities category, these options have the lowest expense ratios among LMBS alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| SPDR Portfolio Mortgage Backed Bond ETF | 0.04% | Jan 15, 2009 | LMBS vs SPMB | |
| Vanguard Mortgage-Backed Securities ETF | 0.04% | Nov 19, 2009 | LMBS vs VMBS | |
| iShares MBS Bond ETF | 0.06% | Mar 16, 2007 | LMBS vs MBB | |
| iShares GNMA Bond ETF | 0.15% | Feb 14, 2012 | LMBS vs GNMA | |
| FlexShares Disciplined Duration MBS Index Fund | 0.20% | Sep 4, 2014 | LMBS vs MBSD |
Best Risk-Adjusted Alternatives to LMBS
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 | LMBS vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | 92 | Feb 9, 2021 | LMBS vs VABS | |
| iShares CMBS ETF | 74 | Feb 14, 2012 | LMBS vs CMBS | |
| PIMCO Mortgage-Backed Securities Active Exchange-T... | 68 | Jul 31, 1997 | LMBS vs PMBS | |
| Vanguard Mortgage-Backed Securities ETF | 68 | Nov 19, 2009 | LMBS vs VMBS |
Top Performing LMBS Alternatives (YTD)
LMBS 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 | LMBS vs VABS | |
| PIMCO Mortgage-Backed Securities Active Exchange-T... | 0.61% | Jul 31, 1997 | LMBS vs PMBS | |
| JPMorgan Mortgage-Backed Securities ETF | 0.59% | Aug 18, 2000 | LMBS vs JMTG | |
| SPDR Portfolio Mortgage Backed Bond ETF | 0.51% | Jan 15, 2009 | LMBS vs SPMB | |
| Vanguard Mortgage-Backed Securities ETF | 0.41% | Nov 19, 2009 | LMBS vs VMBS |
Lowest Volatility Alternatives to LMBS
LMBS 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 | LMBS vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | 2.23% | Feb 9, 2021 | LMBS vs VABS | |
| Eaton Vance Mortgage Opportunities ETF | 2.79% | Aug 4, 2025 | LMBS vs EVMO | |
| iShares Securitized Income Active ETF | 3.68% | Jan 26, 2026 | LMBS vs SECU | |
| JPMorgan Mortgage-Backed Securities ETF | 3.68% | Aug 18, 2000 | LMBS vs JMTG |
Lowest Drawdown Alternatives to LMBS
LMBS 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 | LMBS vs FTSD | |
| Virtus Newfleet ABS/MBS ETF | -1.05% | Feb 9, 2021 | LMBS vs VABS | |
| FlexShares Disciplined Duration MBS Index Fund | -2.22% | Sep 4, 2014 | LMBS vs MBSD | |
| iShares CMBS ETF | -2.44% | Feb 14, 2012 | LMBS vs CMBS | |
| WisdomTree Mortgage Plus Bond Fund | -2.64% | Nov 14, 2019 | LMBS vs MTGP |
Other ETFs from First Trust
Most popular First Trust ETFs on PortfoliosLab, across asset classes.
Often Compared With LMBS
What investors most often compare with LMBS, based on PortfoliosLab usage data.
Compare LMBS with Any Fund or Stock
Compare LMBS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.