LMBS vs. ASEC
LMBS (First Trust Low Duration Mortgage Opportunities ETF) and ASEC (American Century Securitized Credit ETF) are both Mortgage Backed Securities funds. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. LMBS charges 0.68%/yr vs 0.29%/yr for ASEC.
Performance
LMBS vs. ASEC - Performance Comparison
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Returns By Period
LMBS
- 1D
- -0.11%
- 1M
- -0.08%
- 6M
- 0.93%
- YTD
- 1.33%
- 1Y
- 5.18%
- 3Y*
- 5.61%
- 5Y*
- 3.09%
- 10Y*
- 2.64%
ASEC
- 1D
- -0.04%
- 1M
- 0.09%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LMBS vs. ASEC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LMBS First Trust Low Duration Mortgage Opportunities ETF | 0.15% |
ASEC American Century Securitized Credit ETF | -0.09% |
Correlation
The correlation between LMBS and ASEC is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.20 |
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Return for Risk
LMBS vs. ASEC — Risk / Return Rank
LMBS
ASEC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LMBS vs. ASEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Mortgage Opportunities ETF (LMBS) and American Century Securitized Credit ETF (ASEC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LMBS | ASEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.53 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | — | — |
| Martin ratioReturn relative to average drawdown | 15.20 | — | — |
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Drawdowns
LMBS vs. ASEC - Drawdown Comparison
The maximum LMBS drawdown since its inception was -6.49%, which is greater than ASEC's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for LMBS and ASEC.
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Drawdown Indicators
| LMBS | ASEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.49% | -0.46% | -6.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -6.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.49% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.19% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -0.19% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | — | — |
Volatility
LMBS vs. ASEC - Volatility Comparison
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Volatility by Period
| LMBS | ASEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.96% | 1.44% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.58% | 1.44% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.35% | 1.44% | +0.91% |
LMBS vs. ASEC - Expense Ratio Comparison
LMBS has a 0.68% expense ratio, which is higher than ASEC's 0.29% expense ratio.
Dividends
LMBS vs. ASEC - Dividend Comparison
LMBS's dividend yield for the trailing twelve months is around 4.11%, more than ASEC's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASEC American Century Securitized Credit ETF | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.11% | 4.08% | 4.28% | 3.96% | 2.22% | 2.04% | 2.27% | 2.55% | 2.76% | 2.73% | 2.84% | 3.03% |
Frequently Asked Questions
LMBS and ASEC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASEC is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASEC is cheaper with a 0.29% expense ratio, compared with 0.68% for LMBS.
LMBS has the higher dividend yield at 4.11%, compared with 0.46% for ASEC.
They also come from different issuers: First Trust and American Century. Their fees differ too: 0.68% for LMBS and 0.29% for ASEC.
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