MBSD vs. LGOV
Compare and contrast key facts about FlexShares Disciplined Duration MBS Index Fund (MBSD) and First Trust Long Duration Opportunities ETF (LGOV).
MBSD and LGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBSD is a passively managed fund by Northern Trust that tracks the performance of the ICE BofA Constrained Duration US Mortgage Backed Securities. It was launched on Sep 4, 2014. LGOV is an actively managed fund by First Trust. It was launched on Jan 22, 2019.
Performance
MBSD vs. LGOV - Performance Comparison
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MBSD vs. LGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MBSD FlexShares Disciplined Duration MBS Index Fund | 0.27% | 7.12% | 2.30% | 4.46% | -9.49% | -1.40% | 5.43% | 5.58% |
LGOV First Trust Long Duration Opportunities ETF | -0.22% | 9.13% | -2.05% | 4.91% | -19.73% | -1.93% | 11.31% | 11.53% |
Returns By Period
In the year-to-date period, MBSD achieves a 0.27% return, which is significantly higher than LGOV's -0.22% return.
MBSD
- 1D
- -0.00%
- 1M
- -0.84%
- YTD
- 0.27%
- 6M
- 1.31%
- 1Y
- 4.30%
- 3Y*
- 4.05%
- 5Y*
- 0.52%
- 10Y*
- 1.48%
LGOV
- 1D
- -0.09%
- 1M
- -2.88%
- YTD
- -0.22%
- 6M
- 0.63%
- 1Y
- 3.92%
- 3Y*
- 2.14%
- 5Y*
- -1.23%
- 10Y*
- —
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MBSD vs. LGOV - Expense Ratio Comparison
MBSD has a 0.20% expense ratio, which is lower than LGOV's 0.70% expense ratio.
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 | 1.10 | 0.50 | +0.60 |
Sortino ratioReturn per unit of downside risk | 1.59 | 0.74 | +0.85 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.09 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 0.90 | +1.18 |
Martin ratioReturn relative to average drawdown | 5.43 | 2.21 | +3.22 |
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
| MBSD | LGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.50 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | -0.14 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.14 | +0.24 |
Correlation
The correlation between MBSD and LGOV is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MBSD vs. LGOV - Dividend Comparison
MBSD's dividend yield for the trailing twelve months is around 4.26%, more than LGOV's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBSD FlexShares Disciplined Duration MBS Index Fund | 4.26% | 4.23% | 3.91% | 3.39% | 3.03% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 3.02% | 3.46% |
LGOV First Trust Long Duration Opportunities ETF | 4.18% | 4.02% | 4.03% | 3.59% | 1.97% | 2.58% | 3.75% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% |
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.
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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 | -2.22% | -5.01% | +2.79% |
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 | -1.34% | -14.98% | +13.64% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -13.04% | +10.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.03% | -1.18% |
Volatility
MBSD vs. LGOV - Volatility Comparison
The current volatility for FlexShares Disciplined Duration MBS Index Fund (MBSD) is 1.48%, while First Trust Long Duration Opportunities ETF (LGOV) has a volatility of 2.76%. 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.
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Volatility by Period
| MBSD | LGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.76% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 4.68% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 7.83% | -3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.13% | 9.01% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 9.26% | -5.01% |