LGHT vs. CANC

Last updated Jul 21, 2026

LGHT (Langar Global HealthTech ETF) and CANC (Tema Oncology ETF) are both Health & Biotech Equities funds. Both are actively managed. Over the past year, LGHT returned -17.24% vs 54.04% for CANC. A 0.52 correlation means they provide meaningful diversification when combined. LGHT charges 0.85%/yr vs 0.75%/yr for CANC.

Performance

LGHT vs. CANC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Langar Global HealthTech ETF (LGHT) and Tema Oncology ETF (CANC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGHT achieves a -15.03% return, which is significantly lower than CANC's 16.08% return.

LGHT

• 1D: -0.15%
• 1M: 3.40%
• 6M: -16.94%
• YTD: -15.03%
• 1Y: -17.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -6.78%

CANC

• 1D: -1.48%
• 1M: 8.37%
• 6M: 11.09%
• YTD: 16.08%
• 1Y: 54.04%
• 3Y*: 112.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -9.26%

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

LGHT vs. CANC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LGHT Langar Global HealthTech ETF	-15.03%	-1.66%	0.23%
CANC Tema Oncology ETF	16.08%	42.92%	-6.46%

Correlation

The correlation between LGHT and CANC is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 10, 2024	0.52

The correlation between LGHT and CANC has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.

LGHT vs. CANC - Sectors Allocation Comparison

Sectors	LGHT	CANC
Healthcare	97.9%	100.0%
Technology	0.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

LGHT vs. CANC — Risk / Return Rank

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

LGHT

LGHT Risk / Return Rank: 3
LGHT Sharpe Ratio Rank: 3
LGHT Sortino Ratio Rank: 3
LGHT Omega Ratio Rank: 3
LGHT Calmar Ratio Rank: 4
LGHT Martin Ratio Rank: 2

CANC

CANC Risk / Return Rank: 91
CANC Sharpe Ratio Rank: 91
CANC Sortino Ratio Rank: 91
CANC Omega Ratio Rank: 85
CANC Calmar Ratio Rank: 95
CANC Martin Ratio Rank: 91

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.

LGHT vs. CANC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Langar Global HealthTech ETF (LGHT) and Tema Oncology ETF (CANC). 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.

	LGHT	CANC	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	2.39	-3.26
Sortino ratio: Return per unit of downside risk	-1.12	3.39	-4.51
Omega ratio: Gain probability vs. loss probability	0.87	1.38	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.68	5.84	-6.51
Martin ratio: Return relative to average drawdown	-1.32	15.67	-16.99

LGHT vs. CANC - Sharpe Ratio Comparison

The current LGHT Sharpe Ratio is -0.87, which is lower than the CANC Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of LGHT and CANC, 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

LGHT vs. CANC - Drawdown Comparison

The maximum LGHT drawdown since its inception was -28.60%, smaller than the maximum CANC drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for LGHT and CANC.

Drawdown Indicators

	LGHT	CANC	Difference
Max Drawdown Largest peak-to-trough decline	-28.60%	-97.53%	+68.93%
Max Drawdown (1Y) Largest decline over 1 year	-25.57%	-9.30%	-16.27%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.27%	—
Current Drawdown Current decline from peak	-23.60%	-51.88%	+28.28%
Average Drawdown Average peak-to-trough decline	-8.35%	-72.62%	+64.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.08%	3.46%	+9.62%

Volatility

LGHT vs. CANC - Volatility Comparison

Langar Global HealthTech ETF (LGHT) has a higher volatility of 8.13% compared to Tema Oncology ETF (CANC) at 6.64%. This indicates that LGHT's price experiences larger fluctuations and is considered to be riskier than CANC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGHT	CANC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	6.64%	+1.49%
Volatility (6M) Calculated over the trailing 6-month period	15.99%	16.28%	-0.29%
Volatility (1Y) Calculated over the trailing 1-year period	20.04%	22.73%	-2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	276.57%	-257.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	276.57%	-257.27%

LGHT vs. CANC - Expense Ratio Comparison

LGHT has a 0.85% expense ratio, which is higher than CANC's 0.75% expense ratio.

Dividends

LGHT vs. CANC - Dividend Comparison

LGHT has not paid dividends to shareholders, while CANC's dividend yield for the trailing twelve months is around 0.05%.

Position	TTM	2025	2024	2023
CANC Tema Oncology ETF	0.05%	0.06%	3.00%	0.56%
LGHT Langar Global HealthTech ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGHT and CANC in my portfolio?

LGHT and CANC have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGHT or CANC?

LGHT has higher volatility (8.13%) compared to CANC (6.64%). In terms of maximum drawdown, LGHT dropped -28.60% vs CANC's -97.53%.

Which ETF is better, LGHT or CANC?

On 1-year performance, CANC leads with 54.04% vs -17.24% for LGHT. On fees, CANC is cheaper at 0.75% per year. On volatility, CANC has been the lower-risk option at 6.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGHT or CANC?

Over the 1-year period, CANC has performed better with a 54.04% return vs -17.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGHT or CANC?

CANC is cheaper with a 0.75% expense ratio, compared with 0.85% for LGHT.

Which ETF pays a higher dividend yield, LGHT or CANC?

CANC has the higher dividend yield at 0.05%, compared with 0.00% for LGHT.

What is the main difference between LGHT and CANC?

They also come from different issuers: Langar and Tema. Their fees differ too: 0.85% for LGHT and 0.75% for CANC.

Which has better risk-adjusted returns?

CANC currently has the higher Sharpe Ratio (2.39 vs -0.86), 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.