PTL vs. MGOV

Last updated Aug 2, 2026

PTL (Inspire 500 ETF) and MGOV (First Trust Intermediate Government Opportunities ETF) are both exchange-traded funds - PTL is a Large Cap Blend Equities fund tracking the Inspire 500 Index, while MGOV is a Government Bonds fund actively managed by First Trust. PTL is passively managed, while MGOV is actively managed. Over the past year, PTL returned 20.72% vs 2.59% for MGOV. Their 0.19 correlation means their historical movements had little consistent relationship. PTL charges 0.09%/yr vs 0.65%/yr for MGOV.

Performance

PTL vs. MGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire 500 ETF (PTL) and First Trust Intermediate Government Opportunities ETF (MGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTL achieves a 12.90% return, which is significantly higher than MGOV's -0.74% return.

PTL

• 1D: 0.07%
• 1M: -1.02%
• 6M: 9.83%
• YTD: 12.90%
• 1Y: 20.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.38%

MGOV

• 1D: -0.42%
• 1M: -1.49%
• 6M: -1.27%
• YTD: -0.74%
• 1Y: 2.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MGOV First Trust Intermediate Government Opportunities ETF	$321.85K	$589.79K	$619.98K
PTL Inspire 500 ETF	$3.78M	$6.34M	$10.56M

PTL vs. MGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTL Inspire 500 ETF	12.90%	17.92%	7.22%
MGOV First Trust Intermediate Government Opportunities ETF	-0.74%	8.54%	2.48%

Correlation

The correlation between PTL and MGOV is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.29
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024	0.19

Return for Risk

PTL vs. MGOV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PTL

PTL Risk / Return Rank: 56
PTL Sharpe Ratio Rank: 49
PTL Sortino Ratio Rank: 47
PTL Omega Ratio Rank: 46
PTL Calmar Ratio Rank: 72
PTL Martin Ratio Rank: 64

MGOV

MGOV Risk / Return Rank: 31
MGOV Sharpe Ratio Rank: 33
MGOV Sortino Ratio Rank: 32
MGOV Omega Ratio Rank: 30
MGOV Calmar Ratio Rank: 30
MGOV Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PTL vs. MGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire 500 ETF (PTL) and First Trust Intermediate Government Opportunities ETF (MGOV). 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.

	PTL	MGOV	Difference
Sharpe ratio: Return per unit of total volatility	1.21	0.81	+0.40
Sortino ratio: Return per unit of downside risk	1.73	1.20	+0.53
Omega ratio: Gain probability vs. loss probability	1.22	1.14	+0.08
Calmar ratio: Return relative to maximum drawdown	2.53	1.02	+1.52
Martin ratio: Return relative to average drawdown	7.74	2.48	+5.26

PTL vs. MGOV - Sharpe Ratio Comparison

The current PTL Sharpe Ratio is 1.21, which is higher than the MGOV Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of PTL and MGOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTL vs. MGOV - Drawdown Comparison

The maximum PTL drawdown since its inception was -19.72%, which is greater than MGOV's maximum drawdown of -6.11%. Use the drawdown chart below to compare losses from any high point for PTL and MGOV.

Drawdown Indicators

	PTL	MGOV	Difference
Max Drawdown Largest peak-to-trough decline	-19.72%	-6.11%	-13.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.57%	-3.53%	-4.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.11%	—
Current Drawdown Current decline from peak	-4.36%	-3.28%	-1.08%
Average Drawdown Average peak-to-trough decline	-2.53%	-1.65%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	1.44%	+1.03%

Volatility

PTL vs. MGOV - Volatility Comparison

Inspire 500 ETF (PTL) has a higher volatility of 3.65% compared to First Trust Intermediate Government Opportunities ETF (MGOV) at 1.18%. This indicates that PTL's price experiences larger fluctuations and is considered to be riskier than MGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTL	MGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	1.18%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	3.41%	+8.82%
Volatility (1Y) Calculated over the trailing 1-year period	15.87%	4.42%	+11.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	5.87%	+11.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	5.87%	+11.81%

PTL vs. MGOV - Expense Ratio Comparison

PTL has a 0.09% expense ratio, which is lower than MGOV's 0.65% expense ratio.

Dividends

PTL vs. MGOV - Dividend Comparison

PTL's dividend yield for the trailing twelve months is around 1.16%, less than MGOV's 4.96% yield.

Position	TTM	2025	2024	2023
MGOV First Trust Intermediate Government Opportunities ETF	4.96%	4.95%	5.05%	1.47%
PTL Inspire 500 ETF	1.16%	1.24%	0.92%	0.00%

Frequently Asked Questions

Can I hold both PTL and MGOV in my portfolio?

PTL and MGOV have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTL or MGOV?

PTL has higher volatility (3.65%) compared to MGOV (1.18%). In terms of maximum drawdown, PTL dropped -19.72% vs MGOV's -6.11%.

Which ETF is better, PTL or MGOV?

On 1-year performance, PTL leads with 20.72% vs 2.59% for MGOV. On fees, PTL is cheaper at 0.09% per year. On volatility, MGOV has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTL or MGOV?

Over the 1-year period, PTL has performed better with a 20.72% return vs 2.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTL or MGOV?

PTL is cheaper with a 0.09% expense ratio, compared with 0.65% for MGOV.

Which ETF pays a higher dividend yield, PTL or MGOV?

MGOV has the higher dividend yield at 4.96%, compared with 1.16% for PTL.

What is the main difference between PTL and MGOV?

PTL is categorized as Large Cap Blend Equities, while MGOV is Government Bonds. They also come from different issuers: Inspire and First Trust. Their fees differ too: 0.09% for PTL and 0.65% for MGOV.

Which has better risk-adjusted returns?

PTL currently has the higher Sharpe Ratio (1.21 vs 0.81), 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.