AFMC vs. LMBS
AFMC (First Trust Active Factor Mid Cap ETF) and LMBS (First Trust Low Duration Mortgage Opportunities ETF) are both exchange-traded funds - AFMC is a Mid Cap Blend Equities fund actively managed by First Trust, while LMBS is a Mortgage Backed Securities fund actively managed by First Trust. Both are actively managed. Over the past 5 years, AFMC returned 10.49%/yr vs 3.03%/yr for LMBS. At a 0.08 correlation, their price movements are largely independent. AFMC charges 0.65%/yr vs 0.68%/yr for LMBS.
Performance
AFMC vs. LMBS - Performance Comparison
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Returns By Period
In the year-to-date period, AFMC achieves a 16.54% return, which is significantly higher than LMBS's 1.24% return.
AFMC
- 1D
- 0.05%
- 1M
- 4.34%
- YTD
- 16.54%
- 6M
- 17.09%
- 1Y
- 28.05%
- 3Y*
- 20.73%
- 5Y*
- 10.49%
- 10Y*
- —
LMBS
- 1D
- -0.10%
- 1M
- 0.11%
- YTD
- 1.24%
- 6M
- 1.47%
- 1Y
- 6.09%
- 3Y*
- 5.73%
- 5Y*
- 3.03%
- 10Y*
- 2.67%
AFMC vs. LMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AFMC First Trust Active Factor Mid Cap ETF | 16.54% | 10.23% | 19.06% | 21.46% | -15.55% | 25.75% | 5.87% | 2.56% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 1.24% | 7.05% | 5.15% | 6.10% | -3.07% | -0.91% | 1.64% | -0.08% |
Correlation
The correlation between AFMC and LMBS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2019 | 0.08 |
The correlation between AFMC and LMBS shifts across timeframes, from 0.08 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AFMC vs. LMBS — Risk / Return Rank
AFMC
LMBS
AFMC vs. LMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Mid Cap ETF (AFMC) and First Trust Low Duration Mortgage Opportunities ETF (LMBS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AFMC | LMBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.62 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 4.28 | -0.84 |
| Martin ratioReturn relative to average drawdown | 12.40 | 18.25 | -5.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AFMC | LMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 3.10 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 1.19 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.13 | -0.59 |
Drawdowns
AFMC vs. LMBS - Drawdown Comparison
The maximum AFMC drawdown since its inception was -42.14%, which is greater than LMBS's maximum drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for AFMC and LMBS.
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Drawdown Indicators
| AFMC | LMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.14% | -6.49% | -35.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -1.43% | -6.77% |
Max Drawdown (3Y)Largest decline over 3 years | -21.99% | -1.72% | -20.27% |
Max Drawdown (5Y)Largest decline over 5 years | -25.40% | -6.12% | -19.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.49% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -0.80% | -6.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 0.33% | +1.94% |
Volatility
AFMC vs. LMBS - Volatility Comparison
First Trust Active Factor Mid Cap ETF (AFMC) has a higher volatility of 4.71% compared to First Trust Low Duration Mortgage Opportunities ETF (LMBS) at 0.68%. This indicates that AFMC's price experiences larger fluctuations and is considered to be riskier than LMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFMC | LMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 0.68% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 1.45% | +9.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 1.97% | +12.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 2.56% | +16.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.93% | 2.36% | +20.57% |
AFMC vs. LMBS - Expense Ratio Comparison
AFMC has a 0.65% expense ratio, which is lower than LMBS's 0.68% expense ratio.
Dividends
AFMC vs. LMBS - Dividend Comparison
AFMC's dividend yield for the trailing twelve months is around 0.78%, less than LMBS's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFMC First Trust Active Factor Mid Cap ETF | 0.78% | 0.96% | 0.64% | 0.87% | 1.42% | 0.84% | 1.05% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.10% | 4.08% | 4.28% | 3.96% | 2.22% | 2.04% | 2.27% | 2.55% | 2.76% | 2.73% | 2.84% | 3.03% |
Frequently Asked Questions
AFMC and LMBS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFMC has higher volatility (4.71%) compared to LMBS (0.68%). In terms of maximum drawdown, AFMC dropped -42.14% vs LMBS's -6.49%.
On 5-year performance, AFMC leads with 10.49% vs 3.03% for LMBS. On fees, AFMC is cheaper at 0.65% per year. On volatility, LMBS has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AFMC has performed better with a 10.49% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AFMC is cheaper with a 0.65% expense ratio, compared with 0.68% for LMBS.
LMBS has the higher dividend yield at 4.10%, compared with 0.78% for AFMC.
AFMC is categorized as Mid Cap Blend Equities, while LMBS is Mortgage Backed Securities. Their fees differ too: 0.65% for AFMC and 0.68% for LMBS.
LMBS currently has the higher Sharpe Ratio (3.10 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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