Correlation
The correlation between LGOV and SGOV is 0.00, 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.
LGOV vs. SGOV
Compare and contrast key facts about First Trust Long Duration Opportunities ETF (LGOV) and iShares 0-3 Month Treasury Bond ETF (SGOV).
LGOV and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LGOV or SGOV.
Performance
LGOV vs. SGOV - Performance Comparison
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Key characteristics
LGOV:
0.75
SGOV:
21.63
LGOV:
1.08
SGOV:
474.39
LGOV:
1.13
SGOV:
475.39
LGOV:
0.27
SGOV:
485.71
LGOV:
1.48
SGOV:
7,710.35
LGOV:
4.61%
SGOV:
0.00%
LGOV:
9.34%
SGOV:
0.22%
LGOV:
-30.86%
SGOV:
-0.03%
LGOV:
-19.57%
SGOV:
0.00%
Returns By Period
In the year-to-date period, LGOV achieves a 3.02% return, which is significantly higher than SGOV's 1.75% return.
LGOV
3.02%
-1.89%
-0.23%
6.97%
-0.92%
-3.52%
N/A
SGOV
1.75%
0.35%
2.15%
4.82%
4.55%
2.74%
N/A
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LGOV vs. SGOV - Expense Ratio Comparison
LGOV has a 0.70% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
LGOV vs. SGOV — Risk-Adjusted Performance Rank
LGOV
SGOV
LGOV vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long Duration Opportunities ETF (LGOV) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
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Dividends
LGOV vs. SGOV - Dividend Comparison
LGOV's dividend yield for the trailing twelve months is around 4.00%, less than SGOV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
LGOV First Trust Long Duration Opportunities ETF | 4.00% | 4.03% | 3.59% | 1.97% | 2.58% | 3.75% | 3.01% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% |
Drawdowns
LGOV vs. SGOV - Drawdown Comparison
The maximum LGOV drawdown since its inception was -30.86%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for LGOV and SGOV.
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Volatility
LGOV vs. SGOV - Volatility Comparison
First Trust Long Duration Opportunities ETF (LGOV) has a higher volatility of 3.55% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that LGOV's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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