LMBS vs. VOO
LMBS (First Trust Low Duration Mortgage Opportunities ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - LMBS is a Mortgage Backed Securities fund actively managed by First Trust, while VOO is a S&P 500 fund tracking the S&P 500 Index. LMBS is actively managed, while VOO is passively managed. Over the past 10 years, LMBS returned 2.67%/yr vs 15.56%/yr for VOO. At a correlation of -0.02, they often move in opposite directions. LMBS charges 0.68%/yr vs 0.03%/yr for VOO.
Performance
LMBS vs. VOO - 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 VOO's 10.91% return. Over the past 10 years, LMBS has underperformed VOO with an annualized return of 2.67%, while VOO has yielded a comparatively higher 15.56% annualized 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%
VOO
- 1D
- -0.70%
- 1M
- 5.04%
- YTD
- 10.91%
- 6M
- 10.93%
- 1Y
- 28.04%
- 3Y*
- 22.44%
- 5Y*
- 13.90%
- 10Y*
- 15.56%
LMBS vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 10.91% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between LMBS and VOO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2014 | -0.02 |
The correlation between LMBS and VOO shifts across timeframes, from -0.02 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LMBS vs. VOO — Risk / Return Rank
LMBS
VOO
LMBS vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Mortgage Opportunities ETF (LMBS) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 2.39 | +0.71 |
Sortino ratioReturn per unit of downside risk | 4.79 | 3.25 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.43 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 4.28 | 3.16 | +1.11 |
Martin ratioReturn relative to average drawdown | 18.25 | 14.73 | +3.52 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.39 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.83 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.87 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.89 | +0.24 |
Drawdowns
LMBS vs. VOO - Drawdown Comparison
The maximum LMBS drawdown since its inception was -6.49%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for LMBS and VOO.
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Drawdown Indicators
| LMBS | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.49% | -33.99% | +27.50% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -8.90% | +7.47% |
Max Drawdown (3Y)Largest decline over 3 years | -1.72% | -18.69% | +16.97% |
Max Drawdown (5Y)Largest decline over 5 years | -6.12% | -24.52% | +18.40% |
Max Drawdown (10Y)Largest decline over 10 years | -6.49% | -33.99% | +27.50% |
Current DrawdownCurrent decline from peak | -0.34% | -0.70% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -3.69% | +2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 1.91% | -1.58% |
Volatility
LMBS vs. VOO - Volatility Comparison
The current volatility for First Trust Low Duration Mortgage Opportunities ETF (LMBS) is 0.68%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.84%. This indicates that LMBS experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMBS | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 2.84% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 8.90% | -7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.97% | 11.80% | -9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.56% | 16.81% | -14.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.36% | 18.01% | -15.65% |
LMBS vs. VOO - Expense Ratio Comparison
LMBS has a 0.68% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
LMBS vs. VOO - Dividend Comparison
LMBS's dividend yield for the trailing twelve months is around 4.10%, more than VOO's 1.03% yield.
| Position | 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% |
VOO Vanguard S&P 500 ETF | 1.03% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
LMBS and VOO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (2.84%) compared to LMBS (0.68%). In terms of maximum drawdown, LMBS dropped -6.49% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.56% vs 2.67% for LMBS. On fees, VOO is cheaper at 0.03% 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 10-year period, VOO has performed better with a 15.56% return vs 2.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.68% for LMBS.
LMBS has the higher dividend yield at 4.10%, compared with 1.03% for VOO.
LMBS is categorized as Mortgage Backed Securities, while VOO is S&P 500. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.68% for LMBS and 0.03% for VOO.
LMBS currently has the higher Sharpe Ratio (3.10 vs 2.39), 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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