LMBS vs. FTXL
LMBS (First Trust Low Duration Mortgage Opportunities ETF) and FTXL (First Trust Nasdaq Semiconductor ETF) are both exchange-traded funds - LMBS is a Mortgage Backed Securities fund actively managed by First Trust, while FTXL is a Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. LMBS is actively managed, while FTXL is passively managed. Over the past 5 years, LMBS returned 3.03%/yr vs 34.63%/yr for FTXL. At a correlation of -0.02, they often move in opposite directions. LMBS charges 0.68%/yr vs 0.60%/yr for FTXL.
Performance
LMBS vs. FTXL - Performance Comparison
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Returns By Period
In the year-to-date period, LMBS achieves a 1.24% return, which is significantly lower than FTXL's 115.70% return.
LMBS
- 1D
- -0.10%
- 1M
- 0.11%
- YTD
- 1.24%
- 6M
- 1.47%
- 1Y
- 6.09%
- 3Y*
- 5.73%
- 5Y*
- 3.03%
- 10Y*
- 2.67%
FTXL
- 1D
- 2.21%
- 1M
- 30.59%
- YTD
- 115.70%
- 6M
- 113.17%
- 1Y
- 225.15%
- 3Y*
- 61.52%
- 5Y*
- 34.63%
- 10Y*
- —
LMBS vs. FTXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMBS First Trust Low Duration Mortgage Opportunities ETF | 1.24% | 7.05% | 5.15% | 6.10% | -3.07% | -0.91% | 1.64% | 4.10% | 1.62% | 1.68% |
FTXL First Trust Nasdaq Semiconductor ETF | 115.70% | 48.94% | 7.59% | 54.41% | -33.88% | 36.04% | 46.08% | 61.77% | -14.47% | 32.19% |
Correlation
The correlation between LMBS and FTXL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016 | -0.02 |
The correlation between LMBS and FTXL shifts across timeframes, from -0.02 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LMBS vs. FTXL — Risk / Return Rank
LMBS
FTXL
LMBS vs. FTXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Mortgage Opportunities ETF (LMBS) and First Trust Nasdaq Semiconductor ETF (FTXL). 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.
| LMBS | FTXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 6.33 | -3.23 |
Sortino ratioReturn per unit of downside risk | 4.79 | 5.74 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.78 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 4.28 | 15.62 | -11.34 |
Martin ratioReturn relative to average drawdown | 18.25 | 58.28 | -40.04 |
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
| LMBS | FTXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 6.33 | -3.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.97 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.94 | +0.20 |
Drawdowns
LMBS vs. FTXL - Drawdown Comparison
The maximum LMBS drawdown since its inception was -6.49%, smaller than the maximum FTXL drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for LMBS and FTXL.
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Drawdown Indicators
| LMBS | FTXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.49% | -43.87% | +37.38% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -14.51% | +13.08% |
Max Drawdown (3Y)Largest decline over 3 years | -1.72% | -41.57% | +39.85% |
Max Drawdown (5Y)Largest decline over 5 years | -6.12% | -43.87% | +37.75% |
Max Drawdown (10Y)Largest decline over 10 years | -6.49% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | 0.00% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -10.56% | +9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 3.88% | -3.55% |
Volatility
LMBS vs. FTXL - Volatility Comparison
The current volatility for First Trust Low Duration Mortgage Opportunities ETF (LMBS) is 0.68%, while First Trust Nasdaq Semiconductor ETF (FTXL) has a volatility of 14.28%. This indicates that LMBS experiences smaller price fluctuations and is considered to be less risky than FTXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMBS | FTXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 14.28% | -13.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 28.98% | -27.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.97% | 35.94% | -33.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.56% | 36.02% | -33.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.36% | 34.25% | -31.89% |
LMBS vs. FTXL - Expense Ratio Comparison
LMBS has a 0.68% expense ratio, which is higher than FTXL's 0.60% expense ratio.
Dividends
LMBS vs. FTXL - Dividend Comparison
LMBS's dividend yield for the trailing twelve months is around 4.10%, more than FTXL's 0.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTXL First Trust Nasdaq Semiconductor ETF | 0.12% | 0.28% | 0.54% | 0.60% | 0.89% | 0.25% | 0.48% | 0.92% | 0.71% | 0.47% | 0.12% | 0.00% |
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.10% | 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 FTXL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTXL has higher volatility (14.28%) compared to LMBS (0.68%). In terms of maximum drawdown, LMBS dropped -6.49% vs FTXL's -43.87%.
On 5-year performance, FTXL leads with 34.63% vs 3.03% for LMBS. On fees, FTXL is cheaper at 0.60% per year. On volatility, LMBS has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTXL has performed better with a 34.63% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTXL is cheaper with a 0.60% expense ratio, compared with 0.68% for LMBS.
LMBS has the higher dividend yield at 4.10%, compared with 0.12% for FTXL.
LMBS is categorized as Mortgage Backed Securities, while FTXL is Semiconductors. Their fees differ too: 0.68% for LMBS and 0.60% for FTXL.
FTXL currently has the higher Sharpe Ratio (6.33 vs 3.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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