LMBS vs. USFR
Compare and contrast key facts about First Trust Low Duration Mortgage Opportunities ETF (LMBS) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
LMBS and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LMBS is an actively managed fund by First Trust. It was launched on Nov 4, 2014. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014.
Performance
LMBS vs. USFR - Performance Comparison
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LMBS vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMBS First Trust Low Duration Mortgage Opportunities ETF | 0.66% | 7.05% | 5.15% | 6.10% | -3.07% | -0.91% | 1.64% | 4.10% | 1.62% | 1.68% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 0.93% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Returns By Period
In the year-to-date period, LMBS achieves a 0.66% return, which is significantly lower than USFR's 0.93% return. Over the past 10 years, LMBS has outperformed USFR with an annualized return of 2.84%, while USFR has yielded a comparatively lower 2.41% annualized return.
LMBS
- 1D
- 0.22%
- 1M
- -0.91%
- YTD
- 0.66%
- 6M
- 2.10%
- 1Y
- 5.57%
- 3Y*
- 5.69%
- 5Y*
- 2.95%
- 10Y*
- 2.84%
USFR
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 0.93%
- 6M
- 2.02%
- 1Y
- 4.10%
- 3Y*
- 4.89%
- 5Y*
- 3.52%
- 10Y*
- 2.41%
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LMBS vs. USFR - Expense Ratio Comparison
LMBS has a 0.68% expense ratio, which is higher than USFR's 0.15% expense ratio.
Return for Risk
LMBS vs. USFR — Risk / Return Rank
LMBS
USFR
LMBS vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Mortgage Opportunities ETF (LMBS) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.18 | 14.37 | -12.19 |
Sortino ratioReturn per unit of downside risk | 2.91 | 42.77 | -39.86 |
Omega ratioGain probability vs. loss probability | 1.47 | 10.64 | -9.17 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 103.73 | -100.48 |
Martin ratioReturn relative to average drawdown | 13.96 | 661.88 | -647.92 |
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 | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 14.37 | -12.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.16 | 8.63 | -7.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.20 | 3.00 | -1.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.57 | -0.44 |
Correlation
The correlation between LMBS and USFR is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LMBS vs. USFR - Dividend Comparison
LMBS's dividend yield for the trailing twelve months is around 4.10%, more than USFR's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 4.00% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% |
Drawdowns
LMBS vs. USFR - Drawdown Comparison
The maximum LMBS drawdown since its inception was -6.49%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for LMBS and USFR.
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Drawdown Indicators
| LMBS | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.49% | -1.36% | -5.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | -0.04% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -6.16% | -0.18% | -5.98% |
Max Drawdown (10Y)Largest decline over 10 years | -6.49% | -0.80% | -5.69% |
Current DrawdownCurrent decline from peak | -0.91% | 0.00% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -0.81% | -0.16% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.01% | +0.39% |
Volatility
LMBS vs. USFR - Volatility Comparison
First Trust Low Duration Mortgage Opportunities ETF (LMBS) has a higher volatility of 0.88% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that LMBS's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMBS | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.09% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 0.19% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 0.29% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.55% | 0.41% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.38% | 0.81% | +1.57% |