LMBS vs. FXAIX
Compare and contrast key facts about First Trust Low Duration Mortgage Opportunities ETF (LMBS) and Fidelity 500 Index Fund (FXAIX).
LMBS is an actively managed fund by First Trust. It was launched on Nov 4, 2014. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LMBS or FXAIX.
Key characteristics
| LMBS | FXAIX | |
|---|---|---|
| YTD Return | 0.90% | 10.00% |
| 1Y Return | 4.25% | 28.56% |
| 3Y Return (Ann) | 0.96% | 9.46% |
| 5Y Return (Ann) | 1.34% | 14.78% |
| Sharpe Ratio | 1.40 | 2.45 |
| Daily Std Dev | 2.89% | 11.59% |
| Max Drawdown | -6.49% | -33.79% |
| Current Drawdown | -0.23% | -0.50% |
Correlation
The correlation between LMBS and FXAIX is -0.06. 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.
Performance
LMBS vs. FXAIX - Performance Comparison
In the year-to-date period, LMBS achieves a 0.90% return, which is significantly lower than FXAIX's 10.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LMBS vs. FXAIX - Expense Ratio Comparison
LMBS has a 0.68% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
LMBS vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Mortgage Opportunities ETF (LMBS) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
LMBS vs. FXAIX - Dividend Comparison
LMBS's dividend yield for the trailing twelve months is around 4.36%, more than FXAIX's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMBS First Trust Low Duration Mortgage Opportunities ETF | 4.36% | 3.96% | 2.22% | 2.04% | 2.27% | 2.50% | 2.76% | 2.73% | 2.84% | 3.03% | 0.37% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.33% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
LMBS vs. FXAIX - Drawdown Comparison
The maximum LMBS drawdown since its inception was -6.49%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for LMBS and FXAIX. For additional features, visit the drawdowns tool.
Volatility
LMBS vs. FXAIX - Volatility Comparison
The current volatility for First Trust Low Duration Mortgage Opportunities ETF (LMBS) is 0.69%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.61%. This indicates that LMBS experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.