HCMDX vs. LGH

Last updated Jun 24, 2026

HCMDX (HCM Tactical Growth Fund) and LGH (HCM Defender 500 Index ETF) are both funds - HCMDX is a Large Cap Growth Equities fund managed by Howard Capital Management, while LGH is a Large Cap Blend Equities fund tracking the HCM Defender 500 Index. Over the past 5 years, HCMDX returned 13.31%/yr vs 10.02%/yr for LGH. Their correlation of 0.91 suggests significant overlap in exposure. HCMDX charges 2.84%/yr vs 1.23%/yr for LGH.

Performance

HCMDX vs. LGH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Tactical Growth Fund (HCMDX) and HCM Defender 500 Index ETF (LGH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HCMDX achieves a 10.91% return, which is significantly higher than LGH's 0.69% return.

HCMDX

• 1D: -0.29%
• 1M: 2.93%
• YTD: 10.91%
• 6M: 8.57%
• 1Y: 36.37%
• 3Y*: 27.76%
• 5Y*: 13.31%
• 10Y*: 19.46%

LGH

• 1D: -1.93%
• 1M: -2.29%
• YTD: 0.69%
• 6M: -0.68%
• 1Y: 20.00%
• 3Y*: 18.38%
• 5Y*: 10.02%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HCMDX vs. LGH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HCMDX HCM Tactical Growth Fund	10.91%	16.55%	49.90%	32.05%	-39.00%	38.72%	52.10%	17.67%
LGH HCM Defender 500 Index ETF	0.69%	19.47%	27.00%	24.19%	-27.37%	39.92%	18.51%	11.10%

Correlation

The correlation between HCMDX and LGH is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019	0.91

The correlation between HCMDX and LGH has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

HCMDX vs. LGH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HCMDX

HCMDX Risk / Return Rank: 32
HCMDX Sharpe Ratio Rank: 35
HCMDX Sortino Ratio Rank: 28
HCMDX Omega Ratio Rank: 32
HCMDX Calmar Ratio Rank: 40
HCMDX Martin Ratio Rank: 28

LGH

LGH Risk / Return Rank: 36
LGH Sharpe Ratio Rank: 36
LGH Sortino Ratio Rank: 33
LGH Omega Ratio Rank: 35
LGH Calmar Ratio Rank: 38
LGH Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HCMDX vs. LGH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Tactical Growth Fund (HCMDX) and HCM Defender 500 Index ETF (LGH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HCMDX	LGH	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.22	+0.36
Sortino ratio: Return per unit of downside risk	2.05	1.66	+0.39
Omega ratio: Gain probability vs. loss probability	1.28	1.22	+0.06
Calmar ratio: Return relative to maximum drawdown	2.29	1.78	+0.51
Martin ratio: Return relative to average drawdown	6.12	5.58	+0.53

HCMDX vs. LGH - Sharpe Ratio Comparison

The current HCMDX Sharpe Ratio is 1.58, which is comparable to the LGH Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of HCMDX and LGH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HCMDX vs. LGH - Drawdown Comparison

The maximum HCMDX drawdown since its inception was -40.89%, which is greater than LGH's maximum drawdown of -29.60%. Use the drawdown chart below to compare losses from any high point for HCMDX and LGH.

Drawdown Indicators

	HCMDX	LGH	Difference
Max Drawdown Largest peak-to-trough decline	-40.89%	-29.60%	-11.29%
Max Drawdown (1Y) Largest decline over 1 year	-17.00%	-11.29%	-5.71%
Max Drawdown (3Y) Largest decline over 3 years	-25.96%	-18.42%	-7.54%
Max Drawdown (5Y) Largest decline over 5 years	-40.89%	-29.38%	-11.51%
Max Drawdown (10Y) Largest decline over 10 years	-40.89%	—	—
Current Drawdown Current decline from peak	-2.35%	-4.83%	+2.48%
Average Drawdown Average peak-to-trough decline	-11.38%	-9.37%	-2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.35%	3.59%	+2.76%

Volatility

HCMDX vs. LGH - Volatility Comparison

HCM Tactical Growth Fund (HCMDX) has a higher volatility of 11.33% compared to HCM Defender 500 Index ETF (LGH) at 6.89%. This indicates that HCMDX's price experiences larger fluctuations and is considered to be riskier than LGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCMDX	LGH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.33%	6.89%	+4.44%
Volatility (6M) Calculated over the trailing 6-month period	18.46%	12.37%	+6.09%
Volatility (1Y) Calculated over the trailing 1-year period	24.61%	16.45%	+8.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.49%	16.73%	+7.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.32%	19.86%	+4.46%

HCMDX vs. LGH - Expense Ratio Comparison

HCMDX has a 2.84% expense ratio, which is higher than LGH's 1.23% expense ratio.

Dividends

HCMDX vs. LGH - Dividend Comparison

HCMDX's dividend yield for the trailing twelve months is around 2.69%, more than LGH's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HCMDX HCM Tactical Growth Fund	2.69%	2.98%	23.23%	0.00%	0.72%	0.99%	3.24%	0.00%	5.05%	0.00%	0.00%	1.47%
LGH HCM Defender 500 Index ETF	0.38%	0.38%	0.40%	0.63%	0.61%	0.14%	0.23%	0.01%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HCMDX and LGH in my portfolio?

With a correlation of 0.95, HCMDX and LGH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HCMDX or LGH?

HCMDX has higher volatility (11.33%) compared to LGH (6.89%). In terms of maximum drawdown, HCMDX dropped -40.89% vs LGH's -29.60%.

Which has better risk-adjusted returns?

HCMDX currently has the higher Sharpe Ratio (1.58 vs 1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.