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 0.84 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 0.87% return, which is significantly lower than JMTG's 0.93% return.
LGOV
- 1D
- 0.79%
- 1M
- 2.32%
- YTD
- 0.87%
- 6M
- 0.48%
- 1Y
- 5.41%
- 3Y*
- 2.96%
- 5Y*
- -1.65%
- 10Y*
- —
JMTG
- 1D
- 0.42%
- 1M
- 0.90%
- YTD
- 0.93%
- 6M
- 0.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGOV vs. JMTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LGOV First Trust Long Duration Opportunities ETF | 0.87% | 4.39% |
JMTG JPMorgan Mortgage-Backed Securities ETF | 0.93% | 3.94% |
Correlation
The correlation between LGOV and JMTG is 0.84, 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 Jun 30, 2025 | 0.84 |
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Return for Risk
LGOV vs. JMTG — Risk / Return Rank
LGOV
JMTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | JMTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | — | — |
| Martin ratioReturn relative to average drawdown | 2.60 | — | — |
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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 | -14.05% | -1.33% | -12.72% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -0.72% | -12.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | — | — |
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 | 2.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.43% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 3.71% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.05% | 3.71% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.23% | 3.71% | +5.52% |
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 4.21%, more than JMTG's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JMTG JPMorgan Mortgage-Backed Securities ETF | 3.90% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LGOV First Trust Long Duration Opportunities ETF | 4.21% | 4.02% | 4.03% | 3.59% | 1.97% | 2.58% | 3.75% | 3.01% |
Frequently Asked Questions
LGOV and JMTG have a correlation of 0.84, 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 4.21%, compared with 3.90% 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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