GNMA vs. LMBS
Compare and contrast key facts about iShares GNMA Bond ETF (GNMA) and First Trust Low Duration Mortgage Opportunities ETF (LMBS).
GNMA and LMBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNMA is a passively managed fund by iShares that tracks the performance of the Barclays Capital GNMA Index. It was launched on Feb 14, 2012. LMBS is an actively managed fund by First Trust. It was launched on Nov 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNMA or LMBS.
Correlation
The correlation between GNMA and LMBS is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GNMA vs. LMBS - Performance Comparison
Key characteristics
GNMA:
0.90
LMBS:
2.28
GNMA:
1.32
LMBS:
3.42
GNMA:
1.16
LMBS:
1.43
GNMA:
0.44
LMBS:
3.87
GNMA:
2.41
LMBS:
9.90
GNMA:
2.20%
LMBS:
0.59%
GNMA:
5.91%
LMBS:
2.58%
GNMA:
-17.09%
LMBS:
-6.48%
GNMA:
-5.54%
LMBS:
-0.21%
Returns By Period
In the year-to-date period, GNMA achieves a 1.99% return, which is significantly higher than LMBS's 0.70% return. Over the past 10 years, GNMA has underperformed LMBS with an annualized return of 0.80%, while LMBS has yielded a comparatively higher 2.58% annualized return.
GNMA
1.99%
2.06%
-0.41%
5.28%
-0.45%
0.80%
LMBS
0.70%
0.66%
1.38%
5.65%
1.61%
2.58%
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GNMA vs. LMBS - Expense Ratio Comparison
GNMA has a 0.15% expense ratio, which is lower than LMBS's 0.68% expense ratio.
Risk-Adjusted Performance
GNMA vs. LMBS — Risk-Adjusted Performance Rank
GNMA
LMBS
GNMA vs. LMBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GNMA Bond ETF (GNMA) 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.
Dividends
GNMA vs. LMBS - Dividend Comparison
GNMA's dividend yield for the trailing twelve months is around 4.32%, more than LMBS's 3.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNMA iShares GNMA Bond ETF | 4.32% | 4.15% | 3.43% | 2.01% | 0.64% | 1.89% | 2.62% | 2.41% | 2.14% | 1.89% | 1.50% | 1.22% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 3.86% | 4.28% | 3.96% | 2.23% | 2.04% | 2.27% | 2.56% | 2.77% | 2.74% | 2.85% | 3.04% | 0.37% |
Drawdowns
GNMA vs. LMBS - Drawdown Comparison
The maximum GNMA drawdown since its inception was -17.09%, which is greater than LMBS's maximum drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for GNMA and LMBS. For additional features, visit the drawdowns tool.
Volatility
GNMA vs. LMBS - Volatility Comparison
iShares GNMA Bond ETF (GNMA) has a higher volatility of 1.54% compared to First Trust Low Duration Mortgage Opportunities ETF (LMBS) at 0.57%. This indicates that GNMA'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.