LGOV vs HFRO

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

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

LGOV vs HFRO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

LGOV

$652M

Winner

HFRO

$654M

Expense Ratio

LGOV

0.49%

HFRO

N/A

Max Drawdown

Winner

LGOV

37.47%

HFRO

72.48%

Sharpe Ratio

LGOV

0.10

Winner

HFRO

2.10

5Y Beta

Winner

LGOV

0.02

HFRO

0.62

5Y Dividends CAGR

Winner

LGOV

0.67%

HFRO

-11.54%

LGOV vs HFRO - Historical Returns

Returns include dividend reinvestment.

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

LGOV

-0.97%

Winner

HFRO

+1.20%

LGOV

-2.16%

Winner

HFRO

+24.58%

LGOV

-1.25%

Winner

HFRO

+22.92%

LGOV

+3.81%

Winner

HFRO

+55.18%

5Y(CAGR)

LGOV

-2.43%

Winner

HFRO

+1.56%

10Y(CAGR)

LGOV

N/A

HFRO

-0.28%

Max(CAGR)

Winner

LGOV

+1.06%

HFRO

-0.28%

LGOV vs HFRO - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

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

LGOV vs HFRO Drawdown Comparison

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

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

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

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