LGOV vs. MBSD
Compare and contrast key facts about First Trust Long Duration Opportunities ETF (LGOV) and FlexShares Disciplined Duration MBS Index Fund (MBSD).
LGOV and MBSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LGOV is an actively managed fund by First Trust. It was launched on Jan 22, 2019. MBSD is a passively managed fund by Northern Trust that tracks the performance of the ICE BofA Constrained Duration US Mortgage Backed Securities. It was launched on Sep 4, 2014.
Performance
LGOV vs. MBSD - Performance Comparison
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LGOV vs. MBSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LGOV First Trust Long Duration Opportunities ETF | -0.13% | 9.13% | -2.05% | 4.91% | -19.73% | -1.93% | 11.31% | 11.53% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 0.27% | 7.12% | 2.30% | 4.46% | -9.49% | -1.40% | 5.43% | 5.58% |
Returns By Period
In the year-to-date period, LGOV achieves a -0.13% return, which is significantly lower than MBSD's 0.27% return.
LGOV
- 1D
- 0.65%
- 1M
- -3.44%
- YTD
- -0.13%
- 6M
- 1.30%
- 1Y
- 4.59%
- 3Y*
- 2.17%
- 5Y*
- -1.21%
- 10Y*
- —
MBSD
- 1D
- 0.32%
- 1M
- -1.34%
- YTD
- 0.27%
- 6M
- 1.61%
- 1Y
- 4.63%
- 3Y*
- 4.05%
- 5Y*
- 0.52%
- 10Y*
- 1.48%
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LGOV vs. MBSD - Expense Ratio Comparison
LGOV has a 0.70% expense ratio, which is higher than MBSD's 0.20% expense ratio.
Return for Risk
LGOV vs. MBSD — Risk / Return Rank
LGOV
MBSD
LGOV vs. MBSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long Duration Opportunities ETF (LGOV) and FlexShares Disciplined Duration MBS Index Fund (MBSD). 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 | MBSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 1.18 | -0.59 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.71 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.05 | -1.06 |
Martin ratioReturn relative to average drawdown | 2.47 | 5.38 | -2.91 |
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 | MBSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.18 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.10 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.38 | -0.24 |
Correlation
The correlation between LGOV and MBSD is 0.60, 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.
Dividends
LGOV vs. MBSD - Dividend Comparison
LGOV's dividend yield for the trailing twelve months is around 4.17%, less than MBSD's 4.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGOV First Trust Long Duration Opportunities ETF | 4.17% | 4.02% | 4.03% | 3.59% | 1.97% | 2.58% | 3.75% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.25% | 4.23% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% |
Drawdowns
LGOV vs. MBSD - Drawdown Comparison
The maximum LGOV drawdown since its inception was -30.86%, which is greater than MBSD's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for LGOV and MBSD.
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Drawdown Indicators
| LGOV | MBSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -14.36% | -16.50% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -2.22% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -28.14% | -14.10% | -14.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.36% | — |
Current DrawdownCurrent decline from peak | -14.91% | -1.34% | -13.57% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -2.84% | -10.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.85% | +1.17% |
Volatility
LGOV vs. MBSD - Volatility Comparison
First Trust Long Duration Opportunities ETF (LGOV) has a higher volatility of 2.77% compared to FlexShares Disciplined Duration MBS Index Fund (MBSD) at 1.48%. This indicates that LGOV's price experiences larger fluctuations and is considered to be riskier than MBSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGOV | MBSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 1.48% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.69% | 2.28% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.84% | 3.93% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.01% | 5.13% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 4.25% | +5.02% |