Correlation
The correlation between MGOV and LGOV is 0.16, 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.
MGOV vs. LGOV
Compare and contrast key facts about First Trust Intermediate Government Opportunities ETF (MGOV) and First Trust Long Duration Opportunities ETF (LGOV).
MGOV and LGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGOV is an actively managed fund by First Trust. It was launched on Aug 2, 2023. LGOV is an actively managed fund by First Trust. It was launched on Jan 22, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MGOV or LGOV.
Performance
MGOV vs. LGOV - Performance Comparison
Loading data...
Key characteristics
MGOV:
0.94
LGOV:
0.75
MGOV:
1.37
LGOV:
1.08
MGOV:
1.16
LGOV:
1.13
MGOV:
1.04
LGOV:
0.27
MGOV:
2.31
LGOV:
1.48
MGOV:
2.57%
LGOV:
4.61%
MGOV:
6.31%
LGOV:
9.34%
MGOV:
-6.11%
LGOV:
-30.86%
MGOV:
-2.19%
LGOV:
-19.57%
Returns By Period
In the year-to-date period, MGOV achieves a 2.35% return, which is significantly lower than LGOV's 3.02% return.
MGOV
2.35%
-1.08%
0.40%
5.45%
N/A
N/A
N/A
LGOV
3.02%
-1.34%
-0.23%
6.15%
-0.92%
-3.52%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MGOV vs. LGOV - Expense Ratio Comparison
MGOV has a 0.65% expense ratio, which is lower than LGOV's 0.70% expense ratio.
Risk-Adjusted Performance
MGOV vs. LGOV — Risk-Adjusted Performance Rank
MGOV
LGOV
MGOV vs. LGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Intermediate Government Opportunities ETF (MGOV) 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.
Loading data...
Dividends
MGOV vs. LGOV - Dividend Comparison
MGOV's dividend yield for the trailing twelve months is around 5.21%, more than LGOV's 4.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
MGOV First Trust Intermediate Government Opportunities ETF | 5.21% | 5.05% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% |
LGOV First Trust Long Duration Opportunities ETF | 4.00% | 4.03% | 3.59% | 1.97% | 2.58% | 3.75% | 3.01% |
Drawdowns
MGOV vs. LGOV - Drawdown Comparison
The maximum MGOV drawdown since its inception was -6.11%, smaller than the maximum LGOV drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for MGOV and LGOV.
Loading data...
Volatility
MGOV vs. LGOV - Volatility Comparison
The current volatility for First Trust Intermediate Government Opportunities ETF (MGOV) is 1.96%, while First Trust Long Duration Opportunities ETF (LGOV) has a volatility of 3.55%. This indicates that MGOV 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 data...