LGHT vs. PBPH
LGHT (Langar Global HealthTech ETF) and PBPH (Portfolio Building Block World Pharma and Biotech Index ETF) are both Health & Biotech Equities funds. LGHT is actively managed, while PBPH is passively managed. At a 0.47 correlation, their price movements are largely independent. LGHT charges 0.85%/yr vs 0.13%/yr for PBPH.
Performance
LGHT vs. PBPH - Performance Comparison
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Returns By Period
In the year-to-date period, LGHT achieves a -15.03% return, which is significantly lower than PBPH's 5.89% return.
LGHT
- 1D
- -0.15%
- 1M
- 3.40%
- 6M
- -16.94%
- YTD
- -15.03%
- 1Y
- -17.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -6.78%
PBPH
- 1D
- -1.70%
- 1M
- 5.86%
- 6M
- 4.23%
- YTD
- 5.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
LGHT vs. PBPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LGHT Langar Global HealthTech ETF | -15.03% | -0.13% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 5.89% | 0.74% |
Correlation
The correlation between LGHT and PBPH is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.47 |
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Return for Risk
LGHT vs. PBPH — Risk / Return Rank
LGHT
PBPH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LGHT vs. PBPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Langar Global HealthTech ETF (LGHT) and Portfolio Building Block World Pharma and Biotech Index ETF (PBPH). 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 | PBPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.87 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | — | — |
| Martin ratioReturn relative to average drawdown | -1.32 | — | — |
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Drawdowns
LGHT vs. PBPH - Drawdown Comparison
The maximum LGHT drawdown since its inception was -28.60%, which is greater than PBPH's maximum drawdown of -11.10%. Use the drawdown chart below to compare losses from any high point for LGHT and PBPH.
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Drawdown Indicators
| LGHT | PBPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.60% | -11.10% | -17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -25.57% | — | — |
Current DrawdownCurrent decline from peak | -23.60% | -4.67% | -18.93% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -4.14% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.08% | — | — |
Volatility
LGHT vs. PBPH - Volatility Comparison
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Volatility by Period
| LGHT | PBPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.04% | 17.87% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.30% | 17.87% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.30% | 17.87% | +1.43% |
LGHT vs. PBPH - Expense Ratio Comparison
LGHT has a 0.85% expense ratio, which is higher than PBPH's 0.13% expense ratio.
Dividends
LGHT vs. PBPH - Dividend Comparison
LGHT has not paid dividends to shareholders, while PBPH's dividend yield for the trailing twelve months is around 0.09%.
| Position | TTM | 2025 |
|---|---|---|
LGHT Langar Global HealthTech ETF | 0.00% | 0.00% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | 0.09% | 0.09% |
Frequently Asked Questions
LGHT and PBPH have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBPH is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBPH is cheaper with a 0.13% expense ratio, compared with 0.85% for LGHT.
PBPH has the higher dividend yield at 0.09%, compared with 0.00% for LGHT.
They also come from different issuers: Langar and Portfolio Building Block. Their fees differ too: 0.85% for LGHT and 0.13% for PBPH.
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