LGLV vs. MSTB
Compare and contrast key facts about SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) and LHA Market State Tactical Beta ETF (MSTB).
LGLV and MSTB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LGLV is a passively managed fund by State Street that tracks the performance of the SSGA US Large Cap Low Volatility (TR). It was launched on Feb 20, 2013. MSTB is a passively managed fund by Little Harbor Advisors that tracks the performance of the S&P 500® Index. It was launched on Sep 29, 2020. Both LGLV and MSTB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LGLV vs. MSTB - Performance Comparison
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LGLV vs. MSTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 2.00% | 8.37% | 16.22% | 9.19% | -8.17% | 27.95% | 11.58% |
MSTB LHA Market State Tactical Beta ETF | -4.06% | 18.57% | 18.82% | 16.94% | -22.72% | 21.89% | 9.45% |
Returns By Period
In the year-to-date period, LGLV achieves a 2.00% return, which is significantly higher than MSTB's -4.06% return.
LGLV
- 1D
- 1.10%
- 1M
- -5.28%
- YTD
- 2.00%
- 6M
- 1.06%
- 1Y
- 4.45%
- 3Y*
- 11.46%
- 5Y*
- 9.25%
- 10Y*
- 11.24%
MSTB
- 1D
- 2.06%
- 1M
- -4.32%
- YTD
- -4.06%
- 6M
- -3.31%
- 1Y
- 19.00%
- 3Y*
- 14.50%
- 5Y*
- 6.74%
- 10Y*
- —
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LGLV vs. MSTB - Expense Ratio Comparison
LGLV has a 0.12% expense ratio, which is lower than MSTB's 1.40% expense ratio.
Return for Risk
LGLV vs. MSTB — Risk / Return Rank
LGLV
MSTB
LGLV vs. MSTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) and LHA Market State Tactical Beta ETF (MSTB). 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.
| LGLV | MSTB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.35 | 1.57 | -1.21 |
Sortino ratioReturn per unit of downside risk | 0.58 | 2.22 | -1.64 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.30 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.36 | -1.78 |
Martin ratioReturn relative to average drawdown | 2.44 | 9.27 | -6.83 |
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
| LGLV | MSTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 1.57 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.48 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.67 | +0.11 |
Correlation
The correlation between LGLV and MSTB is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LGLV vs. MSTB - Dividend Comparison
LGLV's dividend yield for the trailing twelve months is around 2.02%, more than MSTB's 0.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 2.02% | 1.94% | 1.93% | 2.03% | 1.95% | 1.65% | 1.98% | 1.89% | 2.09% | 4.39% | 2.54% | 2.97% |
MSTB LHA Market State Tactical Beta ETF | 0.43% | 0.41% | 0.95% | 0.16% | 1.34% | 2.20% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LGLV vs. MSTB - Drawdown Comparison
The maximum LGLV drawdown since its inception was -36.64%, which is greater than MSTB's maximum drawdown of -25.64%. Use the drawdown chart below to compare losses from any high point for LGLV and MSTB.
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Drawdown Indicators
| LGLV | MSTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.64% | -25.64% | -11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -8.31% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -25.64% | +8.15% |
Max Drawdown (10Y)Largest decline over 10 years | -36.64% | — | — |
Current DrawdownCurrent decline from peak | -5.52% | -6.43% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -7.38% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 2.12% | +0.18% |
Volatility
LGLV vs. MSTB - Volatility Comparison
The current volatility for SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) is 3.11%, while LHA Market State Tactical Beta ETF (MSTB) has a volatility of 3.58%. This indicates that LGLV experiences smaller price fluctuations and is considered to be less risky than MSTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGLV | MSTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 3.58% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 8.00% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 12.19% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 14.00% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 13.94% | +2.16% |