LGH vs. FNGS

Last updated Jun 4, 2026

LGH (HCM Defender 500 Index ETF) and FNGS (MicroSectors FANG+ ETN) are both exchange-traded funds - LGH is a Large Cap Blend Equities fund tracking the HCM Defender 500 Index, while FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index. Both are passively managed. Over the past 5 years, LGH returned 11.27%/yr vs 22.01%/yr for FNGS. A 0.76 correlation means they provide meaningful diversification when combined. LGH charges 1.23%/yr vs 0.58%/yr for FNGS.

Performance

LGH vs. FNGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Defender 500 Index ETF (LGH) and MicroSectors FANG+ ETN (FNGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGH achieves a 4.82% return, which is significantly lower than FNGS's 16.26% return.

LGH

• 1D: -0.92%
• 1M: 7.14%
• YTD: 4.82%
• 6M: 4.52%
• 1Y: 26.30%
• 3Y*: 20.78%
• 5Y*: 11.27%
• 10Y*: —

FNGS

• 1D: -0.98%
• 1M: 11.24%
• YTD: 16.26%
• 6M: 10.77%
• 1Y: 29.78%
• 3Y*: 35.29%
• 5Y*: 22.01%
• 10Y*: —

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

LGH vs. FNGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LGH HCM Defender 500 Index ETF	4.82%	19.47%	27.00%	24.19%	-27.37%	39.92%	18.51%	5.04%
FNGS MicroSectors FANG+ ETN	16.26%	18.64%	51.99%	95.24%	-40.32%	16.96%	101.99%	10.91%

Correlation

The correlation between LGH and FNGS is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 14, 2019	0.76

The correlation between LGH and FNGS has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

Return for Risk

LGH vs. FNGS — Risk / Return Rank

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

LGH

LGH Risk / Return Rank: 47
LGH Sharpe Ratio Rank: 50
LGH Sortino Ratio Rank: 46
LGH Omega Ratio Rank: 48
LGH Calmar Ratio Rank: 48
LGH Martin Ratio Rank: 46

FNGS

FNGS Risk / Return Rank: 34
FNGS Sharpe Ratio Rank: 40
FNGS Sortino Ratio Rank: 39
FNGS Omega Ratio Rank: 38
FNGS Calmar Ratio Rank: 27
FNGS Martin Ratio Rank: 27

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.

LGH vs. FNGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Defender 500 Index ETF (LGH) and MicroSectors FANG+ ETN (FNGS). 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.

	LGH	FNGS	Difference
Sharpe ratio Return per unit of total volatility	1.72	1.46	+0.26
Sortino ratio Return per unit of downside risk	2.27	2.03	+0.24
Omega ratio Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio Return relative to maximum drawdown	2.34	1.30	+1.04
Martin ratio Return relative to average drawdown	7.55	3.77	+3.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGH vs. FNGS - Sharpe Ratio Comparison

The current LGH Sharpe Ratio is 1.72, which is comparable to the FNGS Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of LGH and FNGS, 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

	LGH	FNGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	1.46	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.74	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	1.06	-0.26

Drawdowns

LGH vs. FNGS - Drawdown Comparison

The maximum LGH drawdown since its inception was -29.60%, smaller than the maximum FNGS drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for LGH and FNGS.

Drawdown Indicators

	LGH	FNGS	Difference
Max Drawdown Largest peak-to-trough decline	-29.60%	-48.98%	+19.38%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-22.93%	+11.64%
Max Drawdown (3Y) Largest decline over 3 years	-18.42%	-26.77%	+8.35%
Max Drawdown (5Y) Largest decline over 5 years	-29.38%	-48.98%	+19.60%
Current Drawdown Current decline from peak	-0.92%	-1.61%	+0.69%
Average Drawdown Average peak-to-trough decline	-9.42%	-10.87%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	7.92%	-4.43%

Volatility

LGH vs. FNGS - Volatility Comparison

The current volatility for HCM Defender 500 Index ETF (LGH) is 4.07%, while MicroSectors FANG+ ETN (FNGS) has a volatility of 5.64%. This indicates that LGH experiences smaller price fluctuations and is considered to be less risky than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGH	FNGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	5.64%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	15.68%	-4.82%
Volatility (1Y) Calculated over the trailing 1-year period	15.41%	20.49%	-5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	29.96%	-13.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.78%	31.12%	-11.34%

LGH vs. FNGS - Expense Ratio Comparison

LGH has a 1.23% expense ratio, which is higher than FNGS's 0.58% expense ratio.

Dividends

LGH vs. FNGS - Dividend Comparison

LGH's dividend yield for the trailing twelve months is around 0.37%, while FNGS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FNGS MicroSectors FANG+ ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LGH HCM Defender 500 Index ETF	0.37%	0.38%	0.40%	0.63%	0.61%	0.14%	0.23%	0.01%

Frequently Asked Questions

Can I hold both LGH and FNGS in my portfolio?

LGH and FNGS have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGH or FNGS?

FNGS has higher volatility (5.64%) compared to LGH (4.07%). In terms of maximum drawdown, LGH dropped -29.60% vs FNGS's -48.98%.

Which ETF is better, LGH or FNGS?

On 5-year performance, FNGS leads with 22.01% vs 11.27% for LGH. On fees, FNGS is cheaper at 0.58% per year. On volatility, LGH has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGH or FNGS?

Over the 5-year period, FNGS has performed better with a 22.01% return vs 11.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGH or FNGS?

FNGS is cheaper with a 0.58% expense ratio, compared with 1.23% for LGH.

Which ETF pays a higher dividend yield, LGH or FNGS?

LGH has the higher dividend yield at 0.37%, compared with 0.00% for FNGS.

What is the main difference between LGH and FNGS?

LGH is categorized as Large Cap Blend Equities, while FNGS is Large Cap Growth Equities. LGH tracks HCM Defender 500 Index, while FNGS tracks NYSE FANG+ Index. They also come from different issuers: Howard Capital Management and BMO. Their fees differ too: 1.23% for LGH and 0.58% for FNGS.

Which has better risk-adjusted returns?

LGH currently has the higher Sharpe Ratio (1.72 vs 1.46), 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.