CORB vs MGOV
AB Core Bond ETF vs First Trust Intermediate Government Opportunities ETF
Which is better, CORB or MGOV?
Nearly the same fund. CORB costs less.
CORB has a lower expense ratio. MGOV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | CORB | MGOV |
|---|---|---|
| Expense Ratio | 0.28%Best | 0.50% |
| AUM | $1.2B | $92M |
| Dividend Yield | 3.79% | 4.80% |
| Holdings | 1,453 | 439 |
| YTD Return | -2.63% | -1.86%Best |
| 1Y Return | -2.46% | -2.00%Best |
| 3Y Return (annualized) | - | +4.19% |
| Volatility (annualized) | 5.4%Best | 6.3% |
| Max Drawdown | -5.4%Best | -6.3% |
| $10,000 over 1 years | $9,751 | $9,779Best |
| Fund Family | AllianceBernstein L.P. | First Trust Portfolios (US) |
| Category | Fixed Income | Fixed Income |
| Inception | Nov 7, 2025 | Aug 2, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Nov 10, 2025 to Nov 13, 2026 (1 years).
CORB vs MGOV 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 years both funds cover.
CORB vs MGOV Performance
AB Core Bond ETF (CORB) is an ETF from AllianceBernstein L.P. and First Trust Intermediate Government Opportunities ETF (MGOV) is an ETF from First Trust Portfolios (US). Over the past year CORB returned -2.46% while MGOV returned -2.00%. Year to date, CORB is down 2.63% versus a loss of 1.86% for MGOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGOV has been the more volatile fund, with annualized monthly volatility of 6.3% compared with 5.4% for CORB. 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 -5.4% for CORB and -6.3% for MGOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CORB charges 0.28% per year while MGOV charges 0.50%. On a $10,000 position that is $28 vs $50 annually, a gap of $22 per year that compounds over a long holding period. On income, CORB currently yields 3.79% against 4.80% for MGOV.
Holdings Overlap
We hold position weights for 402 holdings in CORB and 57 in MGOV, totalling 64.6% and 41.6% 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, 3 positions appear in both.
3 positions in common, counted across the 402 positions we hold weights for in CORB and 57 in MGOV, against full books of 1,453 and 439.
Top Shared Holdings
| Stock | Weight in CORB | Weight in MGOV | Difference |
|---|---|---|---|
| T 2.25 02/15/52United States Treasury Note/Bond 2.25 02/15/2052 | 0.53% | 0.36% | 0.17% |
| T 1.875 02/15/51United States Treasury Note/Bond 1.88 02/15/2051 | 0.17% | 0.56% | 0.39% |
| T 4.75 11/15/43United States Treasury Note/Bond 4.75 11/15/2043 | 0.56% | 0.03% | 0.53% |
You are not choosing between two funds in isolation.
Whichever of CORB and MGOV 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, CORB or MGOV?
CORB has an expense ratio of 0.28% while MGOV charges 0.50%. CORB is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, CORB or MGOV?
Over the past year CORB returned -2.46% vs -2.00% for MGOV, so MGOV leads on 1-year performance. Over the longest common window we track (1 years), CORB annualized -2.49% vs -2.21% for MGOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CORB or MGOV?
MGOV has been the more volatile fund at 6.3% annualized versus 5.4% for CORB. Worst drawdown: CORB -5.4% vs MGOV -6.3%.
Should I hold both CORB and MGOV?
CORB and MGOV have a monthly-return correlation of 0.99, 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, CORB or MGOV?
CORB yields 3.79% while MGOV yields 4.80%, so MGOV currently pays the higher dividend yield.
Is MGOV better than CORB?
CORB has a lower expense ratio. MGOV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.