LGHT vs. XLVI

Last updated Jun 24, 2026

LGHT (Langar Global HealthTech ETF) and XLVI (State Street Health Care Select Sector SPDR Premium Income ETF) are both exchange-traded funds - LGHT is a Health & Biotech Equities fund actively managed by Langar, while XLVI is a Derivative Income fund actively managed by State Street. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. LGHT charges 0.85%/yr vs 0.35%/yr for XLVI.

Performance

LGHT vs. XLVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Langar Global HealthTech ETF (LGHT) and State Street Health Care Select Sector SPDR Premium Income ETF (XLVI). 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 XLVI's 2.50% return.

LGHT

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

XLVI

• 1D: 1.53%
• 1M: 2.15%
• YTD: 2.50%
• 6M: 2.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LGHT vs. XLVI - Yearly Performance Comparison

	2026 (YTD)	2025
LGHT Langar Global HealthTech ETF	-18.04%	-5.52%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	2.50%	12.41%

Correlation

The correlation between LGHT and XLVI is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.59

LGHT vs. XLVI - Sectors Allocation Comparison

Sectors	LGHT	XLVI
Healthcare	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.2%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

LGHT vs. XLVI — 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

XLVI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XLVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Langar Global HealthTech ETF (LGHT) and State Street Health Care Select Sector SPDR Premium Income ETF (XLVI). 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	XLVI	Difference
Sharpe ratio: Return per unit of total volatility	-1.03	—	—
Sortino ratio: Return per unit of downside risk	-1.36	—	—
Omega ratio: Gain probability vs. loss probability	0.84	—	—
Calmar ratio: Return relative to maximum drawdown	-0.76	—	—
Martin ratio: Return relative to average drawdown	-1.60	—	—

Drawdowns

LGHT vs. XLVI - Drawdown Comparison

The maximum LGHT drawdown since its inception was -28.60%, which is greater than XLVI's maximum drawdown of -8.14%. Use the drawdown chart below to compare losses from any high point for LGHT and XLVI.

Drawdown Indicators

	LGHT	XLVI	Difference
Max Drawdown Largest peak-to-trough decline	-28.60%	-8.14%	-20.46%
Max Drawdown (1Y) Largest decline over 1 year	-25.57%	—	—
Current Drawdown Current decline from peak	-26.31%	-0.97%	-25.34%
Average Drawdown Average peak-to-trough decline	-7.95%	-1.94%	-6.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.10%	—	—

Volatility

Volatility by Period

	LGHT	XLVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.85%	11.06%	+7.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	11.06%	+7.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	11.06%	+7.90%

LGHT vs. XLVI - Expense Ratio Comparison

LGHT has a 0.85% expense ratio, which is higher than XLVI's 0.35% expense ratio.

Dividends

LGHT vs. XLVI - Dividend Comparison

LGHT has not paid dividends to shareholders, while XLVI's dividend yield for the trailing twelve months is around 11.17%.

Position	TTM	2025
LGHT Langar Global HealthTech ETF	0.00%	0.00%
XLVI State Street Health Care Select Sector SPDR Premium Income ETF	11.17%	5.73%

Frequently Asked Questions

Can I hold both LGHT and XLVI in my portfolio?

LGHT and XLVI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGHT or XLVI?

On fees, XLVI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGHT or XLVI?

XLVI is cheaper with a 0.35% expense ratio, compared with 0.85% for LGHT.

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

XLVI has the higher dividend yield at 11.17%, compared with 0.00% for LGHT.

What is the main difference between LGHT and XLVI?

LGHT is categorized as Health & Biotech Equities, while XLVI is Derivative Income. They also come from different issuers: Langar and State Street. Their fees differ too: 0.85% for LGHT and 0.35% for XLVI.