LDRX vs. PEPS

Last updated Jun 4, 2026

LDRX (SGI Enhanced Market Leaders ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. Over the past year, LDRX returned 30.54% vs 31.83% for PEPS. Their correlation of 0.92 suggests significant overlap in exposure. LDRX charges 0.59%/yr vs 0.10%/yr for PEPS.

Performance

LDRX vs. PEPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI Enhanced Market Leaders ETF (LDRX) and Parametric Equity Plus ETF (PEPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDRX achieves a 10.09% return, which is significantly lower than PEPS's 10.67% return.

LDRX

• 1D: -0.69%
• 1M: 5.60%
• YTD: 10.09%
• 6M: 9.87%
• 1Y: 30.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PEPS

• 1D: -0.51%
• 1M: 6.44%
• YTD: 10.67%
• 6M: 10.79%
• 1Y: 31.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LDRX vs. PEPS - Yearly Performance Comparison

	2026 (YTD)	2025
LDRX SGI Enhanced Market Leaders ETF	10.09%	23.81%
PEPS Parametric Equity Plus ETF	10.67%	26.22%

Correlation

The correlation between LDRX and PEPS is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since May 6, 2025	0.92

The correlation between LDRX and PEPS has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

Return for Risk

LDRX vs. PEPS — Risk / Return Rank

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

LDRX

LDRX Risk / Return Rank: 71
LDRX Sharpe Ratio Rank: 76
LDRX Sortino Ratio Rank: 76
LDRX Omega Ratio Rank: 73
LDRX Calmar Ratio Rank: 60
LDRX Martin Ratio Rank: 68

PEPS

PEPS Risk / Return Rank: 73
PEPS Sharpe Ratio Rank: 76
PEPS Sortino Ratio Rank: 71
PEPS Omega Ratio Rank: 75
PEPS Calmar Ratio Rank: 66
PEPS Martin Ratio Rank: 79

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.

LDRX vs. PEPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Market Leaders ETF (LDRX) and Parametric Equity Plus ETF (PEPS). 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.

	LDRX	PEPS	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.45	-0.03
Sortino ratio: Return per unit of downside risk	3.39	3.22	+0.17
Omega ratio: Gain probability vs. loss probability	1.43	1.45	-0.02
Calmar ratio: Return relative to maximum drawdown	2.89	3.26	-0.37
Martin ratio: Return relative to average drawdown	12.31	15.28	-2.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDRX vs. PEPS - Sharpe Ratio Comparison

The current LDRX Sharpe Ratio is 2.42, which is comparable to the PEPS Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of LDRX and PEPS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LDRX	PEPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.45	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	2.60	1.05	+1.55

Drawdowns

LDRX vs. PEPS - Drawdown Comparison

The maximum LDRX drawdown since its inception was -10.62%, smaller than the maximum PEPS drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for LDRX and PEPS.

Drawdown Indicators

	LDRX	PEPS	Difference
Max Drawdown Largest peak-to-trough decline	-10.62%	-21.26%	+10.64%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-9.80%	-0.82%
Current Drawdown Current decline from peak	-0.76%	-0.51%	-0.25%
Average Drawdown Average peak-to-trough decline	-1.44%	-2.77%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	2.09%	+0.40%

Volatility

LDRX vs. PEPS - Volatility Comparison

SGI Enhanced Market Leaders ETF (LDRX) has a higher volatility of 3.23% compared to Parametric Equity Plus ETF (PEPS) at 2.77%. This indicates that LDRX's price experiences larger fluctuations and is considered to be riskier than PEPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDRX	PEPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	2.77%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	9.62%	9.83%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.67%	13.06%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.85%	18.31%	-5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.85%	18.31%	-5.46%

LDRX vs. PEPS - Expense Ratio Comparison

LDRX has a 0.59% expense ratio, which is higher than PEPS's 0.10% expense ratio.

Dividends

LDRX vs. PEPS - Dividend Comparison

LDRX's dividend yield for the trailing twelve months is around 1.19%, more than PEPS's 0.88% yield.

Position	TTM	2025	2024
LDRX SGI Enhanced Market Leaders ETF	1.19%	1.19%	0.00%
PEPS Parametric Equity Plus ETF	0.88%	1.00%	0.17%

Frequently Asked Questions

Can I hold both LDRX and PEPS in my portfolio?

With a correlation of 0.92, LDRX and PEPS 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, LDRX or PEPS?

LDRX has higher volatility (3.23%) compared to PEPS (2.77%). In terms of maximum drawdown, LDRX dropped -10.62% vs PEPS's -21.26%.

Which ETF is better, LDRX or PEPS?

On 1-year performance, PEPS leads with 31.83% vs 30.54% for LDRX. On fees, PEPS is cheaper at 0.10% per year. On volatility, PEPS has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LDRX or PEPS?

Over the 1-year period, PEPS has performed better with a 31.83% return vs 30.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LDRX or PEPS?

PEPS is cheaper with a 0.10% expense ratio, compared with 0.59% for LDRX.

Which ETF pays a higher dividend yield, LDRX or PEPS?

LDRX has the higher dividend yield at 1.19%, compared with 0.88% for PEPS.

What is the main difference between LDRX and PEPS?

They also come from different issuers: Summit Global Investments and Parametric. Their fees differ too: 0.59% for LDRX and 0.10% for PEPS.

Which has better risk-adjusted returns?

PEPS currently has the higher Sharpe Ratio (2.45 vs 2.42), 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.