Correlation
The correlation between LGOV and SPY is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
LGOV vs. SPY
Compare and contrast key facts about First Trust Long Duration Opportunities ETF (LGOV) and SPDR S&P 500 ETF (SPY).
LGOV and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LGOV or SPY.
Performance
LGOV vs. SPY - Performance Comparison
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Key characteristics
LGOV:
0.75
SPY:
0.70
LGOV:
1.08
SPY:
1.02
LGOV:
1.13
SPY:
1.15
LGOV:
0.27
SPY:
0.68
LGOV:
1.48
SPY:
2.57
LGOV:
4.61%
SPY:
4.93%
LGOV:
9.34%
SPY:
20.42%
LGOV:
-30.86%
SPY:
-55.19%
LGOV:
-19.57%
SPY:
-3.55%
Returns By Period
In the year-to-date period, LGOV achieves a 3.02% return, which is significantly higher than SPY's 0.87% return.
LGOV
3.02%
-1.89%
-0.23%
6.97%
-0.92%
-3.52%
N/A
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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LGOV vs. SPY - Expense Ratio Comparison
LGOV has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
LGOV vs. SPY — Risk-Adjusted Performance Rank
LGOV
SPY
LGOV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long Duration Opportunities ETF (LGOV) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
LGOV's dividend yield for the trailing twelve months is around 4.00%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGOV First Trust Long Duration Opportunities ETF | 4.00% | 4.03% | 3.59% | 1.97% | 2.58% | 3.75% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
LGOV vs. SPY - Drawdown Comparison
The maximum LGOV drawdown since its inception was -30.86%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LGOV and SPY.
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Volatility
LGOV vs. SPY - Volatility Comparison
The current volatility for First Trust Long Duration Opportunities ETF (LGOV) is 3.55%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that LGOV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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