MBSD vs. LGOV
MBSD (FlexShares Disciplined Duration MBS Index Fund) and LGOV (First Trust Long Duration Opportunities ETF) are both Mortgage Backed Securities funds. MBSD is passively managed, while LGOV is actively managed. Over the past 5 years, MBSD returned 0.62%/yr vs -1.74%/yr for LGOV. A 0.60 correlation means they provide meaningful diversification when combined. MBSD charges 0.20%/yr vs 0.70%/yr for LGOV.
Performance
MBSD vs. LGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MBSD achieves a 0.42% return, which is significantly higher than LGOV's -0.60% return.
MBSD
- 1D
- -0.22%
- 1M
- 0.16%
- YTD
- 0.42%
- 6M
- 0.52%
- 1Y
- 5.26%
- 3Y*
- 4.31%
- 5Y*
- 0.62%
- 10Y*
- 1.37%
LGOV
- 1D
- -0.58%
- 1M
- 0.01%
- YTD
- -0.60%
- 6M
- -1.29%
- 1Y
- 5.85%
- 3Y*
- 2.47%
- 5Y*
- -1.74%
- 10Y*
- —
MBSD vs. LGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MBSD FlexShares Disciplined Duration MBS Index Fund | 0.42% | 7.12% | 2.30% | 4.46% | -9.49% | -1.40% | 5.43% | 5.58% |
LGOV First Trust Long Duration Opportunities ETF | -0.60% | 9.13% | -2.05% | 4.91% | -19.73% | -1.93% | 11.31% | 11.53% |
Correlation
The correlation between MBSD and LGOV is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2019 | 0.60 |
The correlation between MBSD and LGOV shifts across timeframes, from 0.60 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MBSD vs. LGOV — Risk / Return Rank
MBSD
LGOV
MBSD vs. LGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Disciplined Duration MBS Index Fund (MBSD) and First Trust Long Duration Opportunities ETF (LGOV). 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.
| MBSD | LGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.14 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.05 | +1.38 |
| Martin ratioReturn relative to average drawdown | 7.71 | 3.08 | +4.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MBSD | LGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.84 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | -0.19 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.13 | +0.25 |
Drawdowns
MBSD vs. LGOV - Drawdown Comparison
The maximum MBSD drawdown since its inception was -14.36%, smaller than the maximum LGOV drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for MBSD and LGOV.
Loading charts...
Drawdown Indicators
| MBSD | LGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.36% | -30.86% | +16.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.17% | -5.62% | +3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -4.68% | -12.54% | +7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -28.14% | +14.04% |
Max Drawdown (10Y)Largest decline over 10 years | -14.36% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -15.30% | +14.11% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -13.08% | +10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 1.90% | -1.22% |
Volatility
MBSD vs. LGOV - Volatility Comparison
The current volatility for FlexShares Disciplined Duration MBS Index Fund (MBSD) is 1.15%, while First Trust Long Duration Opportunities ETF (LGOV) has a volatility of 2.71%. This indicates that MBSD experiences smaller price fluctuations and is considered to be less risky than LGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MBSD | LGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 2.71% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 5.15% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 7.01% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 9.07% | -3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 9.24% | -4.98% |
MBSD vs. LGOV - Expense Ratio Comparison
MBSD has a 0.20% expense ratio, which is lower than LGOV's 0.70% expense ratio.
Dividends
MBSD vs. LGOV - Dividend Comparison
MBSD's dividend yield for the trailing twelve months is around 4.19%, less than LGOV's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGOV First Trust Long Duration Opportunities ETF | 4.27% | 4.02% | 4.03% | 3.59% | 1.97% | 2.58% | 3.75% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% |
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.19% | 4.23% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% |
Frequently Asked Questions
MBSD and LGOV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LGOV has higher volatility (2.71%) compared to MBSD (1.15%). In terms of maximum drawdown, MBSD dropped -14.36% vs LGOV's -30.86%.
On 5-year performance, MBSD leads with 0.62% vs -1.74% for LGOV. On fees, MBSD is cheaper at 0.20% per year. On volatility, MBSD has been the lower-risk option at 1.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MBSD has performed better with a 0.62% return vs -1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MBSD is cheaper with a 0.20% expense ratio, compared with 0.70% for LGOV.
LGOV has the higher dividend yield at 4.27%, compared with 4.19% for MBSD.
They also come from different issuers: Northern Trust and First Trust. Their fees differ too: 0.20% for MBSD and 0.70% for LGOV.
MBSD currently has the higher Sharpe Ratio (1.50 vs 0.84), 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.
Find the right allocation for MBSD and LGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer