LGOV vs. NFTY
LGOV (First Trust Long Duration Opportunities ETF) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - LGOV is a Mortgage Backed Securities fund actively managed by First Trust, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. LGOV is actively managed, while NFTY is passively managed. Over the past 5 years, LGOV returned -1.74%/yr vs 4.62%/yr for NFTY. At a 0.02 correlation, their price movements are largely independent. LGOV charges 0.70%/yr vs 0.80%/yr for NFTY.
Performance
LGOV vs. NFTY - Performance Comparison
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Returns By Period
In the year-to-date period, LGOV achieves a -0.60% return, which is significantly higher than NFTY's -9.70% return.
LGOV
- 1D
- -0.58%
- 1M
- 0.01%
- YTD
- -0.60%
- 6M
- -1.29%
- 1Y
- 5.85%
- 3Y*
- 2.47%
- 5Y*
- -1.74%
- 10Y*
- —
NFTY
- 1D
- -1.34%
- 1M
- -1.64%
- YTD
- -9.70%
- 6M
- -7.99%
- 1Y
- -8.48%
- 3Y*
- 5.72%
- 5Y*
- 4.62%
- 10Y*
- 8.13%
LGOV vs. NFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LGOV First Trust Long Duration Opportunities ETF | -0.60% | 9.13% | -2.05% | 4.91% | -19.73% | -1.93% | 11.31% | 11.53% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | -9.70% | 5.47% | 5.18% | 24.00% | -3.46% | 26.83% | 10.04% | 3.66% |
Correlation
The correlation between LGOV and NFTY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2019 | 0.02 |
Over the past year, LGOV and NFTY have become more correlated (0.24) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
LGOV vs. NFTY — Risk / Return Rank
LGOV
NFTY
LGOV vs. NFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long Duration Opportunities ETF (LGOV) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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 | NFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.91 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | -0.53 | +1.57 |
| Martin ratioReturn relative to average drawdown | 3.08 | -1.39 | +4.47 |
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 | NFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | -0.58 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.27 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.28 | -0.15 |
Drawdowns
LGOV vs. NFTY - Drawdown Comparison
The maximum LGOV drawdown since its inception was -30.86%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for LGOV and NFTY.
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Drawdown Indicators
| LGOV | NFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -47.67% | +16.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.62% | -16.14% | +10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -12.54% | -21.55% | +9.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.14% | -21.55% | -6.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.67% | — |
Current DrawdownCurrent decline from peak | -15.30% | -17.45% | +2.15% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -9.58% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 6.12% | -4.22% |
Volatility
LGOV vs. NFTY - Volatility Comparison
The current volatility for First Trust Long Duration Opportunities ETF (LGOV) is 2.71%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.58%. This indicates that LGOV experiences smaller price fluctuations and is considered to be less risky than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGOV | NFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 4.58% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 5.15% | 12.57% | -7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.01% | 14.72% | -7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.07% | 17.39% | -8.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 20.72% | -11.48% |
LGOV vs. NFTY - Expense Ratio Comparison
LGOV has a 0.70% expense ratio, which is lower than NFTY's 0.80% expense ratio.
Dividends
LGOV vs. NFTY - Dividend Comparison
LGOV's dividend yield for the trailing twelve months is around 4.27%, more than NFTY's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGOV First Trust Long Duration Opportunities ETF | 4.27% | 4.02% | 4.03% | 3.59% | 1.97% | 2.58% | 3.75% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 1.96% | 1.24% | 1.61% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% |
Frequently Asked Questions
LGOV and NFTY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFTY has higher volatility (4.58%) compared to LGOV (2.71%). In terms of maximum drawdown, LGOV dropped -30.86% vs NFTY's -47.67%.
On 5-year performance, NFTY leads with 4.62% vs -1.74% for LGOV. On fees, LGOV is cheaper at 0.70% per year. On volatility, LGOV has been the lower-risk option at 2.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NFTY has performed better with a 4.62% return vs -1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LGOV is cheaper with a 0.70% expense ratio, compared with 0.80% for NFTY.
LGOV has the higher dividend yield at 4.27%, compared with 1.96% for NFTY.
LGOV is categorized as Mortgage Backed Securities, while NFTY is Asia Pacific Equities. Their fees differ too: 0.70% for LGOV and 0.80% for NFTY.
LGOV currently has the higher Sharpe Ratio (0.84 vs -0.58), 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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