HFRO vs LGOV

Comparison between Highland Opportunities and Income Fund (HFRO, ETF) and FIRST TRUST LONG DURATION OPPORTUNITIES ETF (LGOV, ETF).

5-Year PerformanceHFRO has outperformed LGOV, delivering a return of +1.6% compared to -2.4%

HFRO vs LGOV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HFRO(ETF)	LGOV(ETF)
Net Assets	$654M	$652M
Expense Ratio	N/A	0.49%
Max Drawdown	72.48%	37.47%
Sharpe Ratio	2.10	0.10
5Y Beta	0.62	0.02
5Y Dividends CAGR	-11.54%	0.67%

Net Assets

Winner

HFRO

$654M

LGOV

$652M

Expense Ratio

HFRO

N/A

LGOV

0.49%

Max Drawdown

HFRO

72.48%

Winner

LGOV

37.47%

Sharpe Ratio

Winner

HFRO

2.10

LGOV

0.10

5Y Beta

HFRO

0.62

Winner

LGOV

0.02

5Y Dividends CAGR

HFRO

-11.54%

Winner

LGOV

0.67%

HFRO vs LGOV - Historical Returns

Returns include dividend reinvestment.

Period	HFRO	LGOV
1 month	+1.20%	-0.97%
3 months	+24.58%	-2.16%
6 months	+22.92%	-1.25%
1 year	+55.18%	+3.81%
5 years(CAGR)	+1.56%	-2.43%
10 years(CAGR)	-0.28%	N/A
Max(CAGR)	-0.28%	+1.06%

Winner

HFRO

+1.20%

LGOV

-0.97%

Winner

HFRO

+24.58%

LGOV

-2.16%

Winner

HFRO

+22.92%

LGOV

-1.25%

Winner

HFRO

+55.18%

LGOV

+3.81%

5Y(CAGR)

Winner

HFRO

+1.56%

LGOV

-2.43%

10Y(CAGR)

HFRO

-0.28%

LGOV

N/A

Max(CAGR)

HFRO

-0.28%

Winner

LGOV

+1.06%

HFRO vs LGOV - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	HFRO	LGOV
2026	+28.24%	-1.14%
2025	+22.68%	+9.08%
2024	-29.13%	-1.38%
2023	-16.57%	+3.91%
2022	+0.78%	-18.69%
2021	+14.90%	-2.09%
2020	-8.01%	+11.10%
2019	+2.92%	+11.54%
2018	-12.60%	N/A
2017	+1.01%	N/A

HFRO vs LGOV Drawdown Comparison

The maximum drawdown for HFRO was -52.76%, occurring on Apr 8, 2025. This drawdown has not yet recovered.

The maximum drawdown for LGOV was -30.86%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current HFRO drawdown is -13.44%. The current LGOV drawdown is -15.89%.

Rank	HFRO	LGOV
#1	-52.76% Aug 17, 2022 - Apr 8, 2025	-30.86% Mar 9, 2020 - Oct 19, 2023
#2	-49.42% Jul 24, 2018 - Mar 29, 2022	-4.68% Sep 4, 2019 - Jan 30, 2020
#3	-9.70% May 6, 2022 - Aug 15, 2022	-1.68% Mar 28, 2019 - May 13, 2019
#4	-3.99% Nov 7, 2017 - Dec 22, 2017	-1.49% Jul 3, 2019 - Aug 1, 2019
#5	-2.92% Jan 31, 2018 - Feb 21, 2018	-1.15% Feb 26, 2019 - Mar 8, 2019
#6	-2.88% Feb 23, 2018 - Jul 11, 2018	-0.99% Jan 31, 2020 - Feb 18, 2020
#7	-2.01% Mar 31, 2022 - May 2, 2022	-0.83% Aug 15, 2019 - Aug 27, 2019
#8	-0.96% Dec 22, 2017 - Jan 4, 2018	-0.65% Jun 3, 2019 - Jun 18, 2019
#9	-0.96% Jan 9, 2018 - Jan 22, 2018	-0.44% Feb 8, 2019 - Feb 19, 2019
#10	-0.94% Jul 16, 2018 - Jul 24, 2018	-0.43% Feb 1, 2019 - Feb 7, 2019
#11	-0.76% Mar 29, 2022 - Mar 31, 2022	-0.39% Feb 20, 2019 - Feb 26, 2019
#12	-0.71% Jan 4, 2018 - Jan 9, 2018	-0.33% May 17, 2019 - May 23, 2019
#13	-0.67% May 4, 2022 - May 6, 2022	-0.31% Jun 28, 2019 - Jul 2, 2019
#14	-0.51% Jan 22, 2018 - Jan 29, 2018	-0.24% Aug 28, 2019 - Sep 3, 2019
#15	-0.31% Feb 21, 2018 - Feb 23, 2018	-0.24% Aug 8, 2019 - Aug 12, 2019