GOVI vs LGOV
Invesco Equal Weight 0-30 Year Treasury ETF vs First Trust Long Duration Opportunities ETF
Which is better, GOVI or LGOV?
Nearly the same fund. GOVI costs less.
GOVI has a lower expense ratio. GOVI led over 1Y, LGOV over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | GOVI | LGOV |
|---|---|---|
| Expense Ratio | 0.15%Best | 0.66% |
| AUM | $1.2B | $595M |
| Dividend Yield | 4.16% | 4.74% |
| Holdings | 66 | 364 |
| YTD Return | -4.40%Best | -5.66% |
| 1Y Return | -5.69%Best | -6.35% |
| 3Y Return (annualized) | +2.60% | +3.94%Best |
| 5Y Return (annualized) | -4.05% | -3.18%Best |
| Volatility (annualized) | 9.3% | 9.1%Best |
| Max Drawdown | -33.1% | -33.0%Best |
| $10,000 over 5 years | $8,133 | $8,508Best |
| Fund Family | Invesco (US) | First Trust Portfolios (US) |
| Category | Fixed Income | Fixed Income |
| Style | Long Term Government Bond | Long Term Government Bond |
| Inception | Oct 11, 2007 | Jan 22, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 23, 2019 to Oct 14, 2026 (7.7 years).
GOVI vs LGOV 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 7.7 years both funds cover.
GOVI vs LGOV Performance
Invesco Equal Weight 0-30 Year Treasury ETF (GOVI) is an ETF from Invesco (US) and First Trust Long Duration Opportunities ETF (LGOV) is an ETF from First Trust Portfolios (US). Over the past year GOVI returned -5.69% while LGOV returned -6.35%. Year to date, GOVI is down 4.40% versus a loss of 5.66% for LGOV.
Over three years, GOVI compounded at +2.60% per year against +3.94% for LGOV; over five years the annualized figures are -4.05% and -3.18% respectively. Across the full 8-year window we track, LGOV has the edge at -0.53% annualized vs -0.79%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GOVI has been the more volatile fund, with annualized monthly volatility of 9.3% compared with 9.1% for LGOV. 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 -33.1% for GOVI and -33.0% for LGOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GOVI charges 0.15% per year while LGOV charges 0.66%. On a $10,000 position that is $15 vs $66 annually, a gap of $51 per year that compounds over a long holding period. On income, GOVI currently yields 4.16% against 4.74% for LGOV.
Holdings Overlap
We hold position weights for 30 holdings in GOVI and 5 in LGOV, totalling 96.8% and 5.9% 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 30 positions we hold weights for in GOVI and 5 in LGOV, against full books of 66 and 364.
You are not choosing between two funds in isolation.
Whichever of GOVI and LGOV 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, GOVI or LGOV?
GOVI has an expense ratio of 0.15% while LGOV charges 0.66%. GOVI is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, GOVI or LGOV?
Over the past year GOVI returned -5.69% vs -6.35% for LGOV, so GOVI leads on 1-year performance. Over the longest common window we track (8 years), GOVI annualized -0.79% vs -0.53% for LGOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GOVI or LGOV?
GOVI has been the more volatile fund at 9.3% annualized versus 9.1% for LGOV. Worst drawdown: GOVI -33.1% vs LGOV -33.0%.
Should I hold both GOVI and LGOV?
GOVI and LGOV have a monthly-return correlation of 0.95, 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, GOVI or LGOV?
GOVI yields 4.16% while LGOV yields 4.74%, so LGOV currently pays the higher dividend yield.
Is LGOV better than GOVI?
GOVI has a lower expense ratio. GOVI led over 1Y, LGOV over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.