LGH vs. IWY
LGH (HCM Defender 500 Index ETF) and IWY (iShares Russell Top 200 Growth ETF) are both exchange-traded funds - LGH is a Large Cap Blend Equities fund tracking the HCM Defender 500 Index, while IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index. Both are passively managed. Over the past 5 years, LGH returned 11.27%/yr vs 16.45%/yr for IWY. Their correlation of 0.88 suggests significant overlap in exposure. LGH charges 1.23%/yr vs 0.20%/yr for IWY.
Performance
LGH vs. IWY - Performance Comparison
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Returns By Period
In the year-to-date period, LGH achieves a 4.82% return, which is significantly lower than IWY's 7.20% return.
LGH
- 1D
- -0.92%
- 1M
- 7.14%
- YTD
- 4.82%
- 6M
- 4.52%
- 1Y
- 26.30%
- 3Y*
- 20.78%
- 5Y*
- 11.27%
- 10Y*
- —
IWY
- 1D
- -1.41%
- 1M
- 5.83%
- YTD
- 7.20%
- 6M
- 6.65%
- 1Y
- 26.69%
- 3Y*
- 25.47%
- 5Y*
- 16.45%
- 10Y*
- 19.57%
LGH vs. IWY - 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% | 11.06% |
IWY iShares Russell Top 200 Growth ETF | 7.20% | 18.19% | 34.89% | 46.49% | -29.91% | 31.05% | 39.01% | 11.59% |
Correlation
The correlation between LGH and IWY is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.88 |
The correlation between LGH and IWY has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
LGH vs. IWY — Risk / Return Rank
LGH
IWY
LGH vs. IWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCM Defender 500 Index ETF (LGH) and iShares Russell Top 200 Growth ETF (IWY). 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 | IWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.61 | +0.73 |
| Martin ratioReturn relative to average drawdown | 7.55 | 5.26 | +2.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LGH | IWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.73 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.77 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.92 | -0.12 |
Drawdowns
LGH vs. IWY - Drawdown Comparison
The maximum LGH drawdown since its inception was -29.60%, smaller than the maximum IWY drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for LGH and IWY.
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Drawdown Indicators
| LGH | IWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -32.68% | +3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -16.63% | +5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | -23.22% | +4.80% |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | -32.68% | +3.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.68% | — |
Current DrawdownCurrent decline from peak | -0.92% | -1.82% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -4.75% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 5.09% | -1.60% |
Volatility
LGH vs. IWY - Volatility Comparison
HCM Defender 500 Index ETF (LGH) has a higher volatility of 4.07% compared to iShares Russell Top 200 Growth ETF (IWY) at 3.69%. This indicates that LGH's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGH | IWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 3.69% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | 11.65% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 15.54% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 21.48% | -4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 20.97% | -1.19% |
LGH vs. IWY - Expense Ratio Comparison
LGH has a 1.23% expense ratio, which is higher than IWY's 0.20% expense ratio.
Dividends
LGH vs. IWY - Dividend Comparison
LGH's dividend yield for the trailing twelve months is around 0.37%, more than IWY's 0.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.33% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
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
With a correlation of 0.91, LGH and IWY 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.
LGH has higher volatility (4.07%) compared to IWY (3.69%). In terms of maximum drawdown, LGH dropped -29.60% vs IWY's -32.68%.
On 5-year performance, IWY leads with 16.45% vs 11.27% for LGH. On fees, IWY is cheaper at 0.20% per year. On volatility, IWY has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IWY has performed better with a 16.45% return vs 11.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWY is cheaper with a 0.20% expense ratio, compared with 1.23% for LGH.
LGH has the higher dividend yield at 0.37%, compared with 0.33% for IWY.
LGH is categorized as Large Cap Blend Equities, while IWY is Large Cap Growth Equities. LGH tracks HCM Defender 500 Index, while IWY tracks Russell Top 200 Growth Index. They also come from different issuers: Howard Capital Management and iShares. Their fees differ too: 1.23% for LGH and 0.20% for IWY.
IWY currently has the higher Sharpe Ratio (1.73 vs 1.72), 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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