MGOV vs TOTR
First Trust Intermediate Government Opportunities ETF vs T. Rowe Price Total Return ETF
Which is better, MGOV or TOTR?
Nearly the same fund. TOTR costs less.
TOTR has a lower expense ratio. TOTR led over 1Y, 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 | MGOV | TOTR |
|---|---|---|
| Expense Ratio | 0.50% | 0.31%Best |
| AUM | $97M | $566M |
| Dividend Yield | 5.00% | 5.48% |
| Holdings | 406 | 1,222 |
| YTD Return | -2.85% | -2.17%Best |
| 1Y Return | -3.14% | -1.73%Best |
| 3Y Return (annualized) | +4.89% | +5.04%Best |
| 5Y Return (annualized) | - | -0.85% |
| Volatility (annualized) | 6.7% | 5.7%Best |
| Max Drawdown | -6.3% | -5.4%Best |
| $10,000 over 3.2 years | $11,133 | $11,261Best |
| Fund Family | First Trust Portfolios (US) | T.Rowe Price |
| Category | Fixed Income | Fixed Income |
| Inception | Aug 2, 2023 | Sep 28, 2021 |
Not shown on this pair: 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).
MGOV vs TOTR 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.
MGOV vs TOTR Performance
First Trust Intermediate Government Opportunities ETF (MGOV) is an ETF from First Trust Portfolios (US) and T. Rowe Price Total Return ETF (TOTR) is an ETF from T.Rowe Price. Over the past year MGOV returned -3.14% while TOTR returned -1.73%. Year to date, MGOV is down 2.85% versus a loss of 2.17% for TOTR.
Over three years, MGOV compounded at +4.89% per year against +5.04% for TOTR.
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 5.7% for TOTR. 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 -6.3% for MGOV and -5.4% for TOTR. 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
MGOV charges 0.50% per year while TOTR charges 0.31%. On a $10,000 position that is $50 vs $31 annually, a gap of $19 per year that compounds over a long holding period. On income, MGOV currently yields 5.00% against 5.48% for TOTR.
Holdings Overlap
We hold position weights for 10 holdings in MGOV and 522 in TOTR, totalling 10.2% and 55.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
2 positions in common, counted across the 10 positions we hold weights for in MGOV and 522 in TOTR, against full books of 406 and 1,222.
Top Shared Holdings
| Stock | Weight in MGOV | Weight in TOTR | Difference |
|---|---|---|---|
| FNCL 6 10/11Fannie Mae Or Freddie Mac 6 | 1.33% | 0.77% | 0.56% |
| FNCL 3.5 10/11Fnma Tba 10/01/2049 | 0.10% | 0.25% | 0.15% |
You are not choosing between two funds in isolation.
Whichever of MGOV and TOTR 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, MGOV or TOTR?
MGOV has an expense ratio of 0.50% while TOTR charges 0.31%. TOTR is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, MGOV or TOTR?
Over the past year MGOV returned -3.14% vs -1.73% for TOTR, so TOTR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MGOV or TOTR?
MGOV has been the more volatile fund at 6.7% annualized versus 5.7% for TOTR. Worst drawdown: MGOV -6.3% vs TOTR -5.4%.
Should I hold both MGOV and TOTR?
MGOV and TOTR 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, MGOV or TOTR?
MGOV yields 5.00% while TOTR yields 5.48%, so TOTR currently pays the higher dividend yield.
Is TOTR better than MGOV?
TOTR has a lower expense ratio. TOTR led over 1Y, 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.