LGH vs. EQL
LGH (HCM Defender 500 Index ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds - LGH tracks the HCM Defender 500 Index while EQL tracks the NYSE Equal Sector Weight Index. Both are passively managed. Over the past 5 years, LGH returned 9.61%/yr vs 10.63%/yr for EQL. Their correlation of 0.82 means they have usually moved in the same direction. LGH charges 1.23%/yr vs 0.27%/yr for EQL.
Performance
LGH vs. EQL - Performance Comparison
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Returns By Period
In the year-to-date period, LGH achieves a 3.14% return, which is significantly lower than EQL's 10.71% return.
LGH
- 1D
- 1.25%
- 1M
- 0.44%
- 6M
- 1.93%
- YTD
- 3.14%
- 1Y
- 17.02%
- 3Y*
- 16.60%
- 5Y*
- 9.61%
- 10Y*
- —
- ALL TIME*
- 15.08%
EQL
- 1D
- 0.57%
- 1M
- 0.31%
- 6M
- 6.82%
- YTD
- 10.71%
- 1Y
- 18.34%
- 3Y*
- 14.59%
- 5Y*
- 10.63%
- 10Y*
- 12.39%
- ALL TIME*
- 13.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.33M | $2.84M | $2.70M | |
| $1.20M | $1.69M | $1.63M |
LGH vs. EQL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LGH HCM Defender 500 Index ETF | 3.14% | 19.47% | 27.00% | 24.19% | -27.37% | 39.92% | 18.51% | 11.10% |
EQL ALPS Equal Sector Weight ETF | 10.71% | 13.09% | 16.44% | 16.87% | -10.72% | 29.32% | 10.87% | 8.75% |
Correlation
The correlation between LGH and EQL is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.82 |
The correlation between LGH and EQL shifts across timeframes, from 0.68 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LGH vs. EQL — Risk / Return Rank
LGH
EQL
LGH vs. EQL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCM Defender 500 Index ETF (LGH) and ALPS Equal Sector Weight ETF (EQL). 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.
| LGH | EQL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.33 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.78 | -1.51 |
| Martin ratioReturn relative to average drawdown | 3.81 | 10.89 | -7.08 |
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Drawdowns
LGH vs. EQL - Drawdown Comparison
The maximum LGH drawdown since its inception was -29.60%, smaller than the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for LGH and EQL.
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Drawdown Indicators
| LGH | EQL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -35.65% | +6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -6.19% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | -15.07% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | -19.24% | -10.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.65% | — |
Current DrawdownCurrent decline from peak | -2.52% | -0.27% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -3.23% | -6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 1.58% | +2.17% |
Volatility
LGH vs. EQL - Volatility Comparison
HCM Defender 500 Index ETF (LGH) has a higher volatility of 5.17% compared to ALPS Equal Sector Weight ETF (EQL) at 2.23%. This indicates that LGH's price experiences larger fluctuations and is considered to be riskier than EQL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGH | EQL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 2.23% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 7.03% | +5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 9.50% | +7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 14.51% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.82% | 16.49% | +3.33% |
LGH vs. EQL - Expense Ratio Comparison
LGH has a 1.23% expense ratio, which is higher than EQL's 0.27% expense ratio.
Dividends
LGH vs. EQL - Dividend Comparison
LGH's dividend yield for the trailing twelve months is around 0.37%, less than EQL's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQL ALPS Equal Sector Weight ETF | 1.35% | 1.73% | 1.78% | 1.96% | 2.14% | 1.69% | 2.29% | 1.95% | 2.39% | 1.97% | 2.89% | 2.07% |
LGH HCM Defender 500 Index ETF | 0.37% | 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
LGH and EQL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LGH has higher volatility (5.17%) compared to EQL (2.23%). In terms of maximum drawdown, LGH dropped -29.60% vs EQL's -35.65%.
On 5-year performance, EQL leads with 10.63% vs 9.61% for LGH. On fees, EQL is cheaper at 0.27% per year. On volatility, EQL has been the lower-risk option at 2.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EQL has performed better with a 10.63% return vs 9.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EQL is cheaper with a 0.27% expense ratio, compared with 1.23% for LGH.
EQL has the higher dividend yield at 1.35%, compared with 0.37% for LGH.
LGH tracks HCM Defender 500 Index, while EQL tracks NYSE Equal Sector Weight Index. They also come from different issuers: Howard Capital Management and SS&C. Their fees differ too: 1.23% for LGH and 0.27% for EQL.
EQL currently has the higher Sharpe Ratio (1.82 vs 0.84), 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.
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