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FCEF vs LGOV

First Trust Income Opportunity ETF vs First Trust Long Duration Opportunities ETF

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

LGOV

First Trust Long Duration Opportunities ETF

First Trust

Annual cost

0.49%

Fund size

$664M

Key differences

  • LGOV costs 3.20% less per year.
  • LGOV is significantly larger than FCEF — larger funds tend to be more liquid and less likely to close.
  • FCEF is classified as mixed asset, while LGOV is fixed income — different risk/return profiles.
  • FCEF follows a active selection strategy; LGOV uses index tracking.
  • Over the last 3 years, FCEF has delivered higher annualized returns.

Side-by-side comparison

FCEFLGOV
Annual cost (TER)3.69%0.49%
Fund size (AUM)$75M$664M
Since20162019
Dividend yield6.24%4.21%
Asset classmixed assetfixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+18.7%+6.4%
CAGR 3Y+16.1%+2.0%
CAGR 5Y+6.5%-1.7%
Sharpe 3Y1.19-0.13
Volatility 1Y7.84%6.99%
Max drawdown-44.81%-30.85%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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