MGOV vs. RDVY
MGOV (First Trust Intermediate Government Opportunities ETF) and RDVY (First Trust Rising Dividend Achievers ETF) are both exchange-traded funds - MGOV is a Government Bonds fund actively managed by First Trust, while RDVY is a Dividend fund tracking the Nasdaq US Rising Dividend Achievers Index. MGOV is actively managed, while RDVY is passively managed. Over the past 3 years, MGOV returned 4.64%/yr vs 21.10%/yr for RDVY. Their 0.18 correlation means their historical movements had little consistent relationship. MGOV charges 0.65%/yr vs 0.47%/yr for RDVY.
Performance
MGOV vs. RDVY - Performance Comparison
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Returns By Period
In the year-to-date period, MGOV achieves a -0.08% return, which is significantly lower than RDVY's 20.30% 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%
RDVY
- 1D
- 1.77%
- 1M
- 3.82%
- 6M
- 15.85%
- YTD
- 20.30%
- 1Y
- 31.93%
- 3Y*
- 21.10%
- 5Y*
- 13.33%
- 10Y*
- 16.28%
- ALL TIME*
- 13.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $301.27K | $575.46K | $601.44K | |
| $89.60M | $82.66M | $85.30M |
MGOV vs. RDVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MGOV First Trust Intermediate Government Opportunities ETF | -0.08% | 8.54% | 1.55% | 4.56% |
RDVY First Trust Rising Dividend Achievers ETF | 20.30% | 18.90% | 16.41% | 7.19% |
Correlation
The correlation between MGOV and RDVY is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2023 | 0.18 |
The correlation between MGOV and RDVY shifts across timeframes, from 0.18 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MGOV vs. RDVY — Risk / Return Rank
MGOV
RDVY
MGOV vs. RDVY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Intermediate Government Opportunities ETF (MGOV) and First Trust Rising Dividend Achievers ETF (RDVY). 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 | RDVY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.38 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 3.55 | -2.64 |
| Martin ratioReturn relative to average drawdown | 2.18 | 14.89 | -12.71 |
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Drawdowns
MGOV vs. RDVY - Drawdown Comparison
The maximum MGOV drawdown since its inception was -6.11%, smaller than the maximum RDVY drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for MGOV and RDVY.
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Drawdown Indicators
| MGOV | RDVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.11% | -40.60% | +34.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -9.04% | +5.51% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -19.11% | +13.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.60% | — |
Current DrawdownCurrent decline from peak | -2.63% | 0.00% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -4.95% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 2.15% | -0.69% |
Volatility
MGOV vs. RDVY - Volatility Comparison
The current volatility for First Trust Intermediate Government Opportunities ETF (MGOV) is 1.31%, while First Trust Rising Dividend Achievers ETF (RDVY) has a volatility of 3.91%. This indicates that MGOV experiences smaller price fluctuations and is considered to be less risky than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGOV | RDVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 3.91% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 11.47% | -8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 14.70% | -10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 18.94% | -13.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 21.04% | -15.17% |
MGOV vs. RDVY - Expense Ratio Comparison
MGOV has a 0.65% expense ratio, which is higher than RDVY's 0.47% expense ratio.
Dividends
MGOV vs. RDVY - Dividend Comparison
MGOV's dividend yield for the trailing twelve months is around 4.92%, more than RDVY's 0.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGOV First Trust Intermediate Government Opportunities ETF | 4.92% | 4.95% | 5.05% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RDVY First Trust Rising Dividend Achievers ETF | 0.81% | 1.11% | 1.64% | 2.09% | 2.21% | 1.04% | 1.53% | 1.55% | 1.68% | 1.25% | 2.07% | 2.14% |
Frequently Asked Questions
MGOV and RDVY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDVY has higher volatility (3.91%) compared to MGOV (1.31%). In terms of maximum drawdown, MGOV dropped -6.11% vs RDVY's -40.60%.
On 3-year performance, RDVY leads with 21.10% vs 4.64% for MGOV. On fees, RDVY is cheaper at 0.47% 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, RDVY has performed better with a 21.10% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RDVY is cheaper with a 0.47% expense ratio, compared with 0.65% for MGOV.
MGOV has the higher dividend yield at 4.92%, compared with 0.81% for RDVY.
MGOV is categorized as Government Bonds, while RDVY is Dividend. Their fees differ too: 0.65% for MGOV and 0.47% for RDVY.
RDVY currently has the higher Sharpe Ratio (2.19 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.
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