LGHT vs. SURI

Last updated Jul 21, 2026

LGHT (Langar Global HealthTech ETF) and SURI (Simplify Propel Opportunities ETF) are both Health & Biotech Equities funds. Both are actively managed. Over the past year, LGHT returned -17.24% vs 37.06% for SURI. At a 0.41 correlation, their price movements are largely independent. LGHT charges 0.85%/yr vs 2.51%/yr for SURI.

Performance

LGHT vs. SURI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Langar Global HealthTech ETF (LGHT) and Simplify Propel Opportunities ETF (SURI). 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 SURI's 17.28% return.

LGHT

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

SURI

• 1D: 0.66%
• 1M: 10.11%
• 6M: 11.41%
• YTD: 17.28%
• 1Y: 37.06%
• 3Y*: 9.30%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.10%

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

LGHT vs. SURI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LGHT Langar Global HealthTech ETF	-15.03%	-1.66%	0.23%
SURI Simplify Propel Opportunities ETF	17.28%	28.32%	-13.56%

Correlation

The correlation between LGHT and SURI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jan 10, 2024	0.41

The correlation between LGHT and SURI shifts across timeframes, from 0.28 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

LGHT vs. SURI - Sectors Allocation Comparison

Sectors	LGHT	SURI
Healthcare	97.9%	56.3%
Technology	0.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	43.8%
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

LGHT vs. SURI — 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

SURI

SURI Risk / Return Rank: 68
SURI Sharpe Ratio Rank: 69
SURI Sortino Ratio Rank: 66
SURI Omega Ratio Rank: 62
SURI Calmar Ratio Rank: 81
SURI Martin Ratio Rank: 64

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. SURI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Langar Global HealthTech ETF (LGHT) and Simplify Propel Opportunities ETF (SURI). 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	SURI	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	1.66	-2.53
Sortino ratio: Return per unit of downside risk	-1.12	2.29	-3.41
Omega ratio: Gain probability vs. loss probability	0.87	1.28	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.68	3.16	-3.84
Martin ratio: Return relative to average drawdown	-1.32	8.35	-9.67

LGHT vs. SURI - Sharpe Ratio Comparison

The current LGHT Sharpe Ratio is -0.87, which is lower than the SURI Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of LGHT and SURI, 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. SURI - Drawdown Comparison

The maximum LGHT drawdown since its inception was -28.60%, smaller than the maximum SURI drawdown of -47.76%. Use the drawdown chart below to compare losses from any high point for LGHT and SURI.

Drawdown Indicators

	LGHT	SURI	Difference
Max Drawdown Largest peak-to-trough decline	-28.60%	-47.76%	+19.16%
Max Drawdown (1Y) Largest decline over 1 year	-25.57%	-11.78%	-13.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-47.76%	—
Current Drawdown Current decline from peak	-23.60%	-8.77%	-14.83%
Average Drawdown Average peak-to-trough decline	-8.35%	-17.17%	+8.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.08%	4.45%	+8.63%

Volatility

LGHT vs. SURI - Volatility Comparison

Langar Global HealthTech ETF (LGHT) has a higher volatility of 8.13% compared to Simplify Propel Opportunities ETF (SURI) at 5.81%. This indicates that LGHT's price experiences larger fluctuations and is considered to be riskier than SURI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGHT	SURI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	5.81%	+2.32%
Volatility (6M) Calculated over the trailing 6-month period	15.99%	14.77%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	20.04%	22.44%	-2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	28.02%	-8.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	28.02%	-8.72%

LGHT vs. SURI - Expense Ratio Comparison

LGHT has a 0.85% expense ratio, which is lower than SURI's 2.51% expense ratio.

Dividends

LGHT vs. SURI - Dividend Comparison

LGHT has not paid dividends to shareholders, while SURI's dividend yield for the trailing twelve months is around 15.11%.

Position	TTM	2025	2024	2023
LGHT Langar Global HealthTech ETF	0.00%	0.00%	0.00%	0.00%
SURI Simplify Propel Opportunities ETF	15.11%	16.31%	21.41%	14.71%

Frequently Asked Questions

Can I hold both LGHT and SURI in my portfolio?

LGHT and SURI have a correlation of 0.28, 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 SURI?

LGHT has higher volatility (8.13%) compared to SURI (5.81%). In terms of maximum drawdown, LGHT dropped -28.60% vs SURI's -47.76%.

Which ETF is better, LGHT or SURI?

On 1-year performance, SURI leads with 37.06% vs -17.24% for LGHT. On fees, LGHT is cheaper at 0.85% per year. On volatility, SURI has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGHT or SURI?

Over the 1-year period, SURI has performed better with a 37.06% 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 SURI?

LGHT is cheaper with a 0.85% expense ratio, compared with 2.51% for SURI.

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

SURI has the higher dividend yield at 15.11%, compared with 0.00% for LGHT.

What is the main difference between LGHT and SURI?

They also come from different issuers: Langar and Simplify. Their fees differ too: 0.85% for LGHT and 2.51% for SURI.

Which has better risk-adjusted returns?

SURI currently has the higher Sharpe Ratio (1.66 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.