APCB vs MGOV
ActivePassive Core Bond ETF vs First Trust Intermediate Government Opportunities ETF
Which is better, APCB or MGOV?
Nearly the same fund. APCB costs less.
APCB has a lower expense ratio. APCB led over 1Y, MGOV over 3Y and the full window. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APCB | MGOV |
|---|---|---|
| Expense Ratio | 0.36%Best | 0.50% |
| AUM | $989M | $97M |
| Dividend Yield | 4.44% | 5.00% |
| Holdings | 3,770 | 406 |
| YTD Return | -2.08%Best | -2.85% |
| 1Y Return | -1.94%Best | -3.14% |
| 3Y Return (annualized) | +3.95% | +4.89%Best |
| Volatility (annualized) | 5.3%Best | 6.7% |
| Max Drawdown | -5.2%Best | -6.3% |
| $10,000 over 3.2 years | $10,985 | $11,133Best |
| Fund Family | Envestnet Asset Management | First Trust Portfolios (US) |
| Category | Fixed Income | Fixed Income |
| Inception | May 3, 2023 | Aug 2, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 3, 2023 to Oct 14, 2026 (3.2 years).
APCB vs MGOV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
APCB vs MGOV Performance
ActivePassive Core Bond ETF (APCB) is an ETF from Envestnet Asset Management and First Trust Intermediate Government Opportunities ETF (MGOV) is an ETF from First Trust Portfolios (US). Over the past year APCB returned -1.94% while MGOV returned -3.14%. Year to date, APCB is down 2.08% versus a loss of 2.85% for MGOV.
Over three years, APCB compounded at +3.95% per year against +4.89% for MGOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGOV has been the more volatile fund, with annualized monthly volatility of 6.7% compared with 5.3% for APCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.2% for APCB and -6.3% for MGOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APCB charges 0.36% per year while MGOV charges 0.50%. On a $10,000 position that is $36 vs $50 annually, a gap of $14 per year that compounds over a long holding period. On income, APCB currently yields 4.44% against 5.00% for MGOV.
Holdings Overlap
We hold position weights for 1,221 holdings in APCB and 10 in MGOV, totalling 75.9% and 10.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1,221 positions we hold weights for in APCB and 10 in MGOV, against full books of 3,770 and 406.
You are not choosing between two funds in isolation.
Whichever of APCB and MGOV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APCB or MGOV?
APCB has an expense ratio of 0.36% while MGOV charges 0.50%. APCB is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, APCB or MGOV?
Over the past year APCB returned -1.94% vs -3.14% for MGOV, so APCB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APCB or MGOV?
MGOV has been the more volatile fund at 6.7% annualized versus 5.3% for APCB. Worst drawdown: APCB -5.2% vs MGOV -6.3%.
Should I hold both APCB and MGOV?
APCB and MGOV have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, APCB or MGOV?
APCB yields 4.44% while MGOV yields 5.00%, so MGOV currently pays the higher dividend yield.
Is MGOV better than APCB?
APCB has a lower expense ratio. APCB led over 1Y, MGOV over 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.