MGOV vs. DRLL
MGOV (First Trust Intermediate Government Opportunities ETF) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - MGOV is a Government Bonds fund actively managed by First Trust, while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. MGOV is actively managed, while DRLL is passively managed. Over the past 3 years, MGOV returned 4.64%/yr vs 12.03%/yr for DRLL. Their -0.15 correlation means they have often moved in opposite directions in the past. MGOV charges 0.65%/yr vs 0.41%/yr for DRLL.
Performance
MGOV vs. DRLL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MGOV achieves a -0.08% return, which is significantly lower than DRLL's 33.53% return.
MGOV
- 1D
- 0.40%
- 1M
- -0.83%
- 6M
- -0.37%
- YTD
- -0.08%
- 1Y
- 3.18%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.81%
DRLL
- 1D
- -1.05%
- 1M
- 11.55%
- 6M
- 17.30%
- YTD
- 33.53%
- 1Y
- 41.89%
- 3Y*
- 12.03%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $455.44K | $502.20K | $532.52K | |
| $301.27K | $575.46K | $601.44K |
MGOV vs. DRLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MGOV First Trust Intermediate Government Opportunities ETF | -0.08% | 8.54% | 1.55% | 4.56% |
DRLL Strive U.S. Energy ETF | 33.53% | 7.74% | 0.02% | -1.50% |
Correlation
The correlation between MGOV and DRLL is -0.37, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.37 |
Correlation (3Y) Balances recent behavior with more history. | -0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2023 | -0.15 |
Over the past year, the inverse relationship between MGOV and DRLL has strengthened: their correlation has moved from -0.15 to -0.37, meaning they now move in opposite directions more often than their long-term average.
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
MGOV vs. DRLL — Risk / Return Rank
MGOV
DRLL
MGOV vs. DRLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Intermediate Government Opportunities ETF (MGOV) and Strive U.S. Energy ETF (DRLL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MGOV | DRLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.30 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.48 | -1.57 |
| Martin ratioReturn relative to average drawdown | 2.18 | 6.29 | -4.11 |
Loading charts...
Drawdowns
MGOV vs. DRLL - Drawdown Comparison
The maximum MGOV drawdown since its inception was -6.11%, smaller than the maximum DRLL drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for MGOV and DRLL.
Loading charts...
Drawdown Indicators
| MGOV | DRLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.11% | -23.73% | +17.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -16.99% | +13.46% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -23.73% | +17.62% |
Current DrawdownCurrent decline from peak | -2.63% | -6.51% | +3.88% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -8.14% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 6.68% | -5.22% |
Volatility
MGOV vs. DRLL - Volatility Comparison
The current volatility for First Trust Intermediate Government Opportunities ETF (MGOV) is 1.31%, while Strive U.S. Energy ETF (DRLL) has a volatility of 7.12%. This indicates that MGOV experiences smaller price fluctuations and is considered to be less risky than DRLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MGOV | DRLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 7.12% | -5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 18.68% | -15.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 22.97% | -18.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 23.79% | -17.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 23.79% | -17.92% |
MGOV vs. DRLL - Expense Ratio Comparison
MGOV has a 0.65% expense ratio, which is higher than DRLL's 0.41% expense ratio.
Dividends
MGOV vs. DRLL - Dividend Comparison
MGOV's dividend yield for the trailing twelve months is around 4.92%, more than DRLL's 2.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DRLL Strive U.S. Energy ETF | 2.27% | 2.99% | 3.00% | 3.01% | 1.18% |
MGOV First Trust Intermediate Government Opportunities ETF | 4.92% | 4.95% | 5.05% | 1.47% | 0.00% |
Frequently Asked Questions
MGOV and DRLL have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRLL has higher volatility (7.12%) compared to MGOV (1.31%). In terms of maximum drawdown, MGOV dropped -6.11% vs DRLL's -23.73%.
On 3-year performance, DRLL leads with 12.03% vs 4.64% for MGOV. On fees, DRLL is cheaper at 0.41% per year. On volatility, MGOV has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DRLL has performed better with a 12.03% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRLL is cheaper with a 0.41% expense ratio, compared with 0.65% for MGOV.
MGOV has the higher dividend yield at 4.92%, compared with 2.27% for DRLL.
MGOV is categorized as Government Bonds, while DRLL is Energy Equities. They also come from different issuers: First Trust and Strive. Their fees differ too: 0.65% for MGOV and 0.41% for DRLL.
DRLL currently has the higher Sharpe Ratio (1.83 vs 0.73), 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 MGOV and DRLL
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