LDRT vs. MGOV
LDRT (iShares iBonds 1-5 Year Treasury Ladder ETF) and MGOV (First Trust Intermediate Government Opportunities ETF) are both Government Bonds funds. LDRT is passively managed, while MGOV is actively managed. Over the past year, LDRT returned 3.49% vs 5.71% for MGOV. A 0.61 correlation means they provide meaningful diversification when combined. LDRT charges 0.07%/yr vs 0.65%/yr for MGOV.
Performance
LDRT vs. MGOV - Performance Comparison
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Returns By Period
In the year-to-date period, LDRT achieves a 0.74% return, which is significantly higher than MGOV's 0.59% return.
LDRT
- 1D
- 0.00%
- 1M
- 0.16%
- YTD
- 0.74%
- 6M
- 0.93%
- 1Y
- 3.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MGOV
- 1D
- -0.25%
- 1M
- 0.84%
- YTD
- 0.59%
- 6M
- 0.77%
- 1Y
- 5.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LDRT vs. MGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRT iShares iBonds 1-5 Year Treasury Ladder ETF | 0.74% | 5.55% | 0.44% |
MGOV First Trust Intermediate Government Opportunities ETF | 0.59% | 8.54% | -0.86% |
Correlation
The correlation between LDRT and MGOV is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.61 |
The correlation between LDRT and MGOV has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.
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Return for Risk
LDRT vs. MGOV — Risk / Return Rank
LDRT
MGOV
LDRT vs. MGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year Treasury Ladder ETF (LDRT) and First Trust Intermediate Government Opportunities ETF (MGOV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LDRT | MGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.63 | +1.52 |
| Martin ratioReturn relative to average drawdown | 8.16 | 4.63 | +3.52 |
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Drawdowns
LDRT vs. MGOV - Drawdown Comparison
The maximum LDRT drawdown since its inception was -1.11%, smaller than the maximum MGOV drawdown of -6.11%. Use the drawdown chart below to compare losses from any high point for LDRT and MGOV.
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Drawdown Indicators
| LDRT | MGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.11% | -6.11% | +5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -3.53% | +2.42% |
Current DrawdownCurrent decline from peak | -0.50% | -1.99% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -1.63% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 1.24% | -0.81% |
Volatility
LDRT vs. MGOV - Volatility Comparison
The current volatility for iShares iBonds 1-5 Year Treasury Ladder ETF (LDRT) is 0.79%, while First Trust Intermediate Government Opportunities ETF (MGOV) has a volatility of 1.08%. This indicates that LDRT experiences smaller price fluctuations and is considered to be less risky than MGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDRT | MGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.08% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 3.27% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.80% | 4.51% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 5.92% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 5.92% | -3.15% |
LDRT vs. MGOV - Expense Ratio Comparison
LDRT has a 0.07% expense ratio, which is lower than MGOV's 0.65% expense ratio.
Dividends
LDRT vs. MGOV - Dividend Comparison
LDRT's dividend yield for the trailing twelve months is around 4.08%, less than MGOV's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
LDRT iShares iBonds 1-5 Year Treasury Ladder ETF | 4.08% | 3.86% | 0.69% | 0.00% |
MGOV First Trust Intermediate Government Opportunities ETF | 4.96% | 4.95% | 5.05% | 1.47% |
Frequently Asked Questions
LDRT and MGOV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGOV has higher volatility (1.08%) compared to LDRT (0.79%). In terms of maximum drawdown, LDRT dropped -1.11% vs MGOV's -6.11%.
On 1-year performance, MGOV leads with 5.71% vs 3.49% for LDRT. On fees, LDRT is cheaper at 0.07% per year. On volatility, LDRT has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MGOV has performed better with a 5.71% return vs 3.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRT is cheaper with a 0.07% expense ratio, compared with 0.65% for MGOV.
MGOV has the higher dividend yield at 4.96%, compared with 4.08% for LDRT.
They also come from different issuers: iShares and First Trust. Their fees differ too: 0.07% for LDRT and 0.65% for MGOV.
MGOV currently has the higher Sharpe Ratio (1.28 vs 1.26), 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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