LGOV vs. ASEC

Last updated Jul 15, 2026

LGOV (First Trust Long Duration Opportunities ETF) and ASEC (American Century Securitized Credit ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. LGOV charges 0.70%/yr vs 0.29%/yr for ASEC.

Performance

LGOV vs. ASEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Long Duration Opportunities ETF (LGOV) and American Century Securitized Credit ETF (ASEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LGOV

• 1D: 0.00%
• 1M: -0.67%
• 6M: -1.56%
• YTD: -1.01%
• 1Y: 4.70%
• 3Y*: 2.46%
• 5Y*: -2.38%
• 10Y*: —

ASEC

• 1D: -0.08%
• 1M: 0.01%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LGOV vs. ASEC - Yearly Performance Comparison

	2026 (YTD)
LGOV First Trust Long Duration Opportunities ETF	-0.72%
ASEC American Century Securitized Credit ETF	-0.17%

Correlation

The correlation between LGOV and ASEC is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.09

Return for Risk

LGOV vs. ASEC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LGOV

LGOV Risk / Return Rank: 22
LGOV Sharpe Ratio Rank: 23
LGOV Sortino Ratio Rank: 21
LGOV Omega Ratio Rank: 20
LGOV Calmar Ratio Rank: 22
LGOV Martin Ratio Rank: 22

ASEC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LGOV vs. ASEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Long Duration Opportunities ETF (LGOV) and American Century Securitized Credit ETF (ASEC). 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.

	LGOV	ASEC	Difference
Sharpe ratio: Return per unit of total volatility	0.67	—	—
Sortino ratio: Return per unit of downside risk	1.00	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.84	—	—
Martin ratio: Return relative to average drawdown	2.14	—	—

Drawdowns

LGOV vs. ASEC - Drawdown Comparison

The maximum LGOV drawdown since its inception was -30.86%, which is greater than ASEC's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for LGOV and ASEC.

Drawdown Indicators

	LGOV	ASEC	Difference
Max Drawdown Largest peak-to-trough decline	-30.86%	-0.46%	-30.40%
Max Drawdown (1Y) Largest decline over 1 year	-5.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-12.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.14%	—	—
Current Drawdown Current decline from peak	-15.66%	-0.27%	-15.39%
Average Drawdown Average peak-to-trough decline	-13.10%	-0.19%	-12.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	—	—

Volatility

Volatility by Period

	LGOV	ASEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.01%	1.43%	+5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.06%	1.43%	+7.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.22%	1.43%	+7.79%

LGOV vs. ASEC - Expense Ratio Comparison

LGOV has a 0.70% expense ratio, which is higher than ASEC's 0.29% expense ratio.

Dividends

LGOV vs. ASEC - Dividend Comparison

LGOV's dividend yield for the trailing twelve months is around 4.33%, more than ASEC's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ASEC American Century Securitized Credit ETF	0.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LGOV First Trust Long Duration Opportunities ETF	4.33%	4.02%	4.03%	3.59%	1.97%	2.58%	3.75%	3.01%

Frequently Asked Questions

Can I hold both LGOV and ASEC in my portfolio?

LGOV and ASEC have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGOV or ASEC?

On fees, ASEC is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGOV or ASEC?

ASEC is cheaper with a 0.29% expense ratio, compared with 0.70% for LGOV.

Which ETF pays a higher dividend yield, LGOV or ASEC?

LGOV has the higher dividend yield at 4.33%, compared with 0.46% for ASEC.

What is the main difference between LGOV and ASEC?

They also come from different issuers: First Trust and American Century. Their fees differ too: 0.70% for LGOV and 0.29% for ASEC.