LGHT vs. IHE

Last updated Jun 24, 2026

LGHT (Langar Global HealthTech ETF) and IHE (iShares U.S. Pharmaceuticals ETF) are both Health & Biotech Equities funds. LGHT is actively managed, while IHE is passively managed. Over the past year, LGHT returned -19.29% vs 46.87% for IHE. At a 0.48 correlation, their price movements are largely independent. LGHT charges 0.85%/yr vs 0.42%/yr for IHE.

Performance

LGHT vs. IHE - Performance Comparison

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

Returns By Period

In the year-to-date period, LGHT achieves a -18.04% return, which is significantly lower than IHE's 11.65% return.

LGHT

• 1D: 1.48%
• 1M: -0.49%
• YTD: -18.04%
• 6M: -18.59%
• 1Y: -19.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IHE

• 1D: 1.60%
• 1M: 3.16%
• YTD: 11.65%
• 6M: 10.97%
• 1Y: 46.87%
• 3Y*: 18.43%
• 5Y*: 10.55%
• 10Y*: 8.99%

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

LGHT vs. IHE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LGHT Langar Global HealthTech ETF	-18.04%	-1.66%	0.23%
IHE iShares U.S. Pharmaceuticals ETF	11.65%	31.69%	4.44%

Correlation

The correlation between LGHT and IHE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 10, 2024	0.48

LGHT vs. IHE - Sectors Allocation Comparison

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

Return for Risk

LGHT vs. IHE — Risk / Return Rank

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

LGHT

LGHT Risk / Return Rank: 2
LGHT Sharpe Ratio Rank: 1
LGHT Sortino Ratio Rank: 2
LGHT Omega Ratio Rank: 2
LGHT Calmar Ratio Rank: 3
LGHT Martin Ratio Rank: 1

IHE

IHE Risk / Return Rank: 87
IHE Sharpe Ratio Rank: 88
IHE Sortino Ratio Rank: 90
IHE Omega Ratio Rank: 82
IHE Calmar Ratio Rank: 91
IHE Martin Ratio Rank: 85

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. IHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Langar Global HealthTech ETF (LGHT) and iShares U.S. Pharmaceuticals ETF (IHE). 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	IHE	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	2.74	-3.76
Sortino ratio: Return per unit of downside risk	-1.36	3.95	-5.31
Omega ratio: Gain probability vs. loss probability	0.84	1.46	-0.62
Calmar ratio: Return relative to maximum drawdown	-0.76	5.56	-6.32
Martin ratio: Return relative to average drawdown	-1.60	17.09	-18.69

LGHT vs. IHE - Sharpe Ratio Comparison

The current LGHT Sharpe Ratio is -1.03, which is lower than the IHE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of LGHT and IHE, 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. IHE - Drawdown Comparison

The maximum LGHT drawdown since its inception was -28.60%, smaller than the maximum IHE drawdown of -38.20%. Use the drawdown chart below to compare losses from any high point for LGHT and IHE.

Drawdown Indicators

	LGHT	IHE	Difference
Max Drawdown Largest peak-to-trough decline	-28.60%	-38.20%	+9.60%
Max Drawdown (1Y) Largest decline over 1 year	-25.57%	-8.47%	-17.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.59%	—
Current Drawdown Current decline from peak	-26.31%	-0.70%	-25.61%
Average Drawdown Average peak-to-trough decline	-7.95%	-7.90%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.10%	2.75%	+9.35%

Volatility

LGHT vs. IHE - Volatility Comparison

Langar Global HealthTech ETF (LGHT) has a higher volatility of 5.96% compared to iShares U.S. Pharmaceuticals ETF (IHE) at 5.27%. This indicates that LGHT's price experiences larger fluctuations and is considered to be riskier than IHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGHT	IHE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	5.27%	+0.69%
Volatility (6M) Calculated over the trailing 6-month period	14.67%	12.68%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	18.85%	17.22%	+1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	16.28%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	18.05%	+0.91%

LGHT vs. IHE - Expense Ratio Comparison

LGHT has a 0.85% expense ratio, which is higher than IHE's 0.42% expense ratio.

Dividends

LGHT vs. IHE - Dividend Comparison

LGHT has not paid dividends to shareholders, while IHE's dividend yield for the trailing twelve months is around 1.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IHE iShares U.S. Pharmaceuticals ETF	1.56%	1.76%	1.73%	1.39%	2.01%	1.49%	1.19%	1.40%	1.25%	1.36%	0.92%	1.93%
LGHT Langar Global HealthTech ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGHT and IHE in my portfolio?

LGHT and IHE have a correlation of 0.48, 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 IHE?

LGHT has higher volatility (5.96%) compared to IHE (5.27%). In terms of maximum drawdown, LGHT dropped -28.60% vs IHE's -38.20%.

Which ETF is better, LGHT or IHE?

On 1-year performance, IHE leads with 46.87% vs -19.29% for LGHT. On fees, IHE is cheaper at 0.42% per year. On volatility, IHE has been the lower-risk option at 5.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGHT or IHE?

Over the 1-year period, IHE has performed better with a 46.87% return vs -19.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGHT or IHE?

IHE is cheaper with a 0.42% expense ratio, compared with 0.85% for LGHT.

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

IHE has the higher dividend yield at 1.56%, compared with 0.00% for LGHT.

What is the main difference between LGHT and IHE?

They also come from different issuers: Langar and iShares. Their fees differ too: 0.85% for LGHT and 0.42% for IHE.

Which has better risk-adjusted returns?

IHE currently has the higher Sharpe Ratio (2.74 vs -1.03), 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.