LGOV vs. JMTG
LGOV (First Trust Long Duration Opportunities ETF) and JMTG (JPMorgan Mortgage-Backed Securities ETF) are both Mortgage Backed Securities funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. LGOV charges 0.70%/yr vs 0.24%/yr for JMTG.
Performance
LGOV vs. JMTG - Performance Comparison
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Returns By Period
In the year-to-date period, LGOV achieves a -0.60% return, which is significantly lower than JMTG's 0.45% return.
LGOV
- 1D
- -0.58%
- 1M
- 0.01%
- YTD
- -0.60%
- 6M
- -1.29%
- 1Y
- 5.85%
- 3Y*
- 2.47%
- 5Y*
- -1.74%
- 10Y*
- —
JMTG
- 1D
- -0.06%
- 1M
- -0.04%
- YTD
- 0.45%
- 6M
- 0.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGOV vs. JMTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LGOV First Trust Long Duration Opportunities ETF | -0.60% | 4.05% |
JMTG JPMorgan Mortgage-Backed Securities ETF | 0.45% | 3.90% |
Correlation
The correlation between LGOV and JMTG is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.85 |
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Return for Risk
LGOV vs. JMTG — Risk / Return Rank
LGOV
JMTG
LGOV vs. JMTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long Duration Opportunities ETF (LGOV) and JPMorgan Mortgage-Backed Securities ETF (JMTG). 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.
| LGOV | JMTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.14 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | — | — |
| Martin ratioReturn relative to average drawdown | 3.08 | — | — |
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
| LGOV | JMTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 1.29 | -1.16 |
Drawdowns
LGOV vs. JMTG - Drawdown Comparison
The maximum LGOV drawdown since its inception was -30.86%, which is greater than JMTG's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for LGOV and JMTG.
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Drawdown Indicators
| LGOV | JMTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -2.78% | -28.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.62% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -12.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.14% | — | — |
Current DrawdownCurrent decline from peak | -15.30% | -1.79% | -13.51% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -0.66% | -12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | — | — |
Volatility
LGOV vs. JMTG - Volatility Comparison
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Volatility by Period
| LGOV | JMTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.15% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.01% | 3.68% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.07% | 3.68% | +5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 3.68% | +5.56% |
LGOV vs. JMTG - Expense Ratio Comparison
LGOV has a 0.70% expense ratio, which is higher than JMTG's 0.24% expense ratio.
Dividends
LGOV vs. JMTG - Dividend Comparison
LGOV's dividend yield for the trailing twelve months is around 4.27%, more than JMTG's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 3.92% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LGOV First Trust Long Duration Opportunities ETF | 4.27% | 4.02% | 4.03% | 3.59% | 1.97% | 2.58% | 3.75% | 3.01% |
Frequently Asked Questions
LGOV and JMTG have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMTG is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMTG is cheaper with a 0.24% expense ratio, compared with 0.70% for LGOV.
LGOV has the higher dividend yield at 4.27%, compared with 3.92% for JMTG.
They also come from different issuers: First Trust and JPMorgan. Their fees differ too: 0.70% for LGOV and 0.24% for JMTG.
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