LGOV vs TLTI
First Trust Long Duration Opportunities ETF vs NEOS Enhanced Income 20+ Year Treasury Bond ETF
Which is better, LGOV or TLTI?
LGOV has been ahead.
TLTI has a lower expense ratio. LGOV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | TLTI |
|---|---|---|
| Expense Ratio | 0.66% | 0.58%Best |
| AUM | $595M | $20M |
| Dividend Yield | 4.74% | 6.66% |
| Holdings | 364 | 8 |
| YTD Return | -5.66%Best | -9.32% |
| 1Y Return | -6.35%Best | -12.09% |
| 3Y Return (annualized) | +3.94% | - |
| 5Y Return (annualized) | -3.18% | - |
| Volatility (annualized) | 7.3%Best | 9.7% |
| Max Drawdown | -10.6%Best | -14.9% |
| $10,000 over 1.8 years | $9,957Best | $8,992 |
| Fund Family | First Trust Portfolios (US) | NEOS |
| Category | Fixed Income | Fixed Income |
| Style | Long Term Government Bond | Long Term Government Bond |
| Inception | Jan 22, 2019 | Dec 12, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 11, 2024 to Oct 14, 2026 (1.8 years).
LGOV vs TLTI 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 1.8 years both funds cover.
LGOV vs TLTI Performance
First Trust Long Duration Opportunities ETF (LGOV) is an ETF from First Trust Portfolios (US) and NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) is an ETF from NEOS. Over the past year LGOV returned -6.35% while TLTI returned -12.09%. Year to date, LGOV is down 5.66% versus a loss of 9.32% for TLTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TLTI has been the more volatile fund, with annualized monthly volatility of 9.7% compared with 7.3% 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 -14.9% for TLTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. 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 TLTI charges 0.58%. On a $10,000 position that is $66 vs $58 annually, a gap of $8 per year that compounds over a long holding period. On income, LGOV currently yields 4.74% against 6.66% for TLTI.
Holdings Overlap
We hold position weights for 5 holdings in LGOV and 2 in TLTI, totalling 5.9% and 98.8% 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 5 positions we hold weights for in LGOV and 2 in TLTI, against full books of 364 and 8.
You are not choosing between two funds in isolation.
Whichever of LGOV and TLTI 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 TLTI?
LGOV has an expense ratio of 0.66% while TLTI charges 0.58%. TLTI is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, LGOV or TLTI?
Over the past year LGOV returned -6.35% vs -12.09% for TLTI, so LGOV leads on 1-year performance. Over the longest common window we track (2 years), LGOV annualized -0.24% vs -5.73% for TLTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LGOV or TLTI?
TLTI has been the more volatile fund at 9.7% annualized versus 7.3% for LGOV. Worst drawdown: LGOV -10.6% vs TLTI -14.9%.
Should I hold both LGOV and TLTI?
LGOV and TLTI have a monthly-return correlation of 0.92, 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 TLTI?
LGOV yields 4.74% while TLTI yields 6.66%, so TLTI currently pays the higher dividend yield.
Is TLTI better than LGOV?
TLTI has a lower expense ratio. LGOV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.