LGOV vs. QQQ
Compare and contrast key facts about First Trust Long Duration Opportunities ETF (LGOV) and Invesco QQQ ETF (QQQ).
LGOV and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
LGOV vs. QQQ - Performance Comparison
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LGOV vs. QQQ - 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% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 32.20% |
Returns By Period
In the year-to-date period, LGOV achieves a -0.13% return, which is significantly higher than QQQ's -4.76% return.
LGOV
- 1D
- 0.65%
- 1M
- -3.44%
- YTD
- -0.13%
- 6M
- 1.30%
- 1Y
- 4.59%
- 3Y*
- 2.17%
- 5Y*
- -1.21%
- 10Y*
- —
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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LGOV vs. QQQ - Expense Ratio Comparison
LGOV has a 0.70% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
LGOV vs. QQQ — Risk / Return Rank
LGOV
QQQ
LGOV vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long Duration Opportunities ETF (LGOV) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 1.07 | -0.48 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.66 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 2.00 | -1.00 |
Martin ratioReturn relative to average drawdown | 2.47 | 7.32 | -4.85 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 1.07 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.59 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.38 | -0.24 |
Correlation
The correlation between LGOV and QQQ is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LGOV vs. QQQ - Dividend Comparison
LGOV's dividend yield for the trailing twelve months is around 4.17%, more than QQQ's 0.48% 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% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
LGOV vs. QQQ - Drawdown Comparison
The maximum LGOV drawdown since its inception was -30.86%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for LGOV and QQQ.
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Drawdown Indicators
| LGOV | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -82.97% | +52.11% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -12.62% | +7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -28.14% | -35.12% | +6.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -14.91% | -7.86% | -7.05% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -32.99% | +19.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 3.44% | -1.42% |
Volatility
LGOV vs. QQQ - Volatility Comparison
The current volatility for First Trust Long Duration Opportunities ETF (LGOV) is 2.77%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. This indicates that LGOV experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGOV | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 6.61% | -3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.69% | 12.82% | -8.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.84% | 22.70% | -14.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.01% | 22.38% | -13.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 22.25% | -12.98% |