LGOV vs. TLH
Compare and contrast key facts about First Trust Long Duration Opportunities ETF (LGOV) and iShares 10-20 Year Treasury Bond ETF (TLH).
LGOV and TLH 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. TLH is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 10-20 Year Bond Index. It was launched on Jan 11, 2007.
Performance
LGOV vs. TLH - Performance Comparison
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LGOV vs. TLH - 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% |
TLH iShares 10-20 Year Treasury Bond ETF | -0.24% | 6.47% | -4.21% | 4.03% | -25.24% | -5.38% | 13.78% | 10.91% |
Returns By Period
In the year-to-date period, LGOV achieves a -0.13% return, which is significantly higher than TLH's -0.24% return.
LGOV
- 1D
- 0.65%
- 1M
- -3.44%
- YTD
- -0.13%
- 6M
- 1.30%
- 1Y
- 4.59%
- 3Y*
- 2.17%
- 5Y*
- -1.21%
- 10Y*
- —
TLH
- 1D
- 0.09%
- 1M
- -3.77%
- YTD
- -0.24%
- 6M
- -0.12%
- 1Y
- 1.31%
- 3Y*
- -0.20%
- 5Y*
- -3.45%
- 10Y*
- -0.67%
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LGOV vs. TLH - Expense Ratio Comparison
LGOV has a 0.70% expense ratio, which is higher than TLH's 0.15% expense ratio.
Return for Risk
LGOV vs. TLH — Risk / Return Rank
LGOV
TLH
LGOV vs. TLH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Long Duration Opportunities ETF (LGOV) and iShares 10-20 Year Treasury Bond ETF (TLH). 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 | TLH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.14 | +0.45 |
Sortino ratioReturn per unit of downside risk | 0.86 | 0.25 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.03 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.25 | +0.74 |
Martin ratioReturn relative to average drawdown | 2.47 | 0.58 | +1.89 |
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 | TLH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.14 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | -0.27 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.28 | -0.14 |
Correlation
The correlation between LGOV and TLH is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LGOV vs. TLH - Dividend Comparison
LGOV's dividend yield for the trailing twelve months is around 4.17%, less than TLH's 4.33% 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% |
TLH iShares 10-20 Year Treasury Bond ETF | 3.96% | 4.17% | 4.28% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% |
Drawdowns
LGOV vs. TLH - Drawdown Comparison
The maximum LGOV drawdown since its inception was -30.86%, smaller than the maximum TLH drawdown of -41.14%. Use the drawdown chart below to compare losses from any high point for LGOV and TLH.
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Drawdown Indicators
| LGOV | TLH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.86% | -41.14% | +10.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -7.57% | +2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -28.14% | -35.41% | +7.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.14% | — |
Current DrawdownCurrent decline from peak | -14.91% | -29.63% | +14.72% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -10.58% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 3.30% | -1.28% |
Volatility
LGOV vs. TLH - Volatility Comparison
The current volatility for First Trust Long Duration Opportunities ETF (LGOV) is 2.77%, while iShares 10-20 Year Treasury Bond ETF (TLH) has a volatility of 3.25%. This indicates that LGOV experiences smaller price fluctuations and is considered to be less risky than TLH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGOV | TLH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 3.25% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.69% | 5.40% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.84% | 9.29% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.01% | 12.70% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 11.19% | -1.92% |