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 0.48 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 -19.52% return, which is significantly lower than PBPH's -1.13% return.
LGHT
- 1D
- 0.55%
- 1M
- -2.36%
- YTD
- -19.52%
- 6M
- -20.39%
- 1Y
- -22.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBPH
- 1D
- 0.58%
- 1M
- 0.07%
- YTD
- -1.13%
- 6M
- -0.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGHT vs. PBPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LGHT Langar Global HealthTech ETF | -19.52% | -1.71% |
PBPH Portfolio Building Block World Pharma and Biotech Index ETF | -1.13% | 0.76% |
Correlation
The correlation between LGHT and PBPH is 0.48, 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 26, 2025 | 0.48 |
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Return for Risk
LGHT vs. PBPH — Risk / Return Rank
LGHT
PBPH
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.
| LGHT | PBPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.81 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | — | — |
| Martin ratioReturn relative to average drawdown | -2.04 | — | — |
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
| LGHT | PBPH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | -0.04 | -0.45 |
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 | -27.64% | -8.69% | -18.95% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -4.23% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.92% | — | — |
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 | 5.98% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.88% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.29% | 16.78% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 16.78% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 16.78% | +2.11% |
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 0.48, 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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