LGOV vs LLDR
First Trust Long Duration Opportunities ETF vs Global X Long-Term Treasury Ladder ETF
Which is better, LGOV or LLDR?
Nearly the same fund. LLDR costs less.
LLDR has a lower expense ratio. LGOV led over 1Y 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 | LGOV | LLDR |
|---|---|---|
| Expense Ratio | 0.66% | 0.12%Best |
| AUM | $595M | $37M |
| Dividend Yield | 4.74% | 5.05% |
| Holdings | 364 | 202 |
| YTD Return | -5.66%Best | -5.85% |
| 1Y Return | -6.35%Best | -7.76% |
| 3Y Return (annualized) | +3.94% | - |
| 5Y Return (annualized) | -3.18% | - |
| Volatility (annualized) | 8.0%Best | 9.3% |
| Max Drawdown | -10.6%Best | -13.2% |
| $10,000 over 2.1 years | $9,533Best | $8,872 |
| Fund Family | First Trust Portfolios (US) | Global X by mirae Asset |
| Category | Fixed Income | Fixed Income |
| Style | Long Term Government Bond | Long Term Government Bond |
| Inception | Jan 22, 2019 | Sep 9, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 10, 2024 to Oct 14, 2026 (2.1 years).
LGOV vs LLDR 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 2.1 years both funds cover.
LGOV vs LLDR Performance
First Trust Long Duration Opportunities ETF (LGOV) is an ETF from First Trust Portfolios (US) and Global X Long-Term Treasury Ladder ETF (LLDR) is an ETF from Global X by mirae Asset. Over the past year LGOV returned -6.35% while LLDR returned -7.76%. Year to date, LGOV is down 5.66% versus a loss of 5.85% for LLDR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LLDR has been the more volatile fund, with annualized monthly volatility of 9.3% compared with 8.0% 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 -10.6% for LGOV and -13.2% for LLDR. 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
LGOV charges 0.66% per year while LLDR charges 0.12%. On a $10,000 position that is $66 vs $12 annually, a gap of $54 per year that compounds over a long holding period. On income, LGOV currently yields 4.74% against 5.05% for LLDR.
You are not choosing between two funds in isolation.
Whichever of LGOV and LLDR 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, LGOV or LLDR?
LGOV has an expense ratio of 0.66% while LLDR charges 0.12%. LLDR is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, LGOV or LLDR?
Over the past year LGOV returned -6.35% vs -7.76% for LLDR, so LGOV leads on 1-year performance. Over the longest common window we track (2 years), LGOV annualized -2.25% vs -5.54% for LLDR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LGOV or LLDR?
LLDR has been the more volatile fund at 9.3% annualized versus 8.0% for LGOV. Worst drawdown: LGOV -10.6% vs LLDR -13.2%.
Should I hold both LGOV and LLDR?
LGOV and LLDR 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, LGOV or LLDR?
LGOV yields 4.74% while LLDR yields 5.05%, so LLDR currently pays the higher dividend yield.
Is LLDR better than LGOV?
LLDR has a lower expense ratio. LGOV led over 1Y 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.