LGRO vs. MFUS

Last updated Jun 26, 2026

LGRO (Level Four Large Cap Growth Active ETF) and MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) are both Large Cap Growth Equities funds. LGRO is actively managed, while MFUS is passively managed. Over the past year, LGRO returned 16.98% vs 29.07% for MFUS. A 0.76 correlation means they provide meaningful diversification when combined. LGRO charges 0.50%/yr vs 0.30%/yr for MFUS.

Performance

LGRO vs. MFUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Level Four Large Cap Growth Active ETF (LGRO) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGRO achieves a 2.90% return, which is significantly lower than MFUS's 18.43% return.

LGRO

• 1D: -0.07%
• 1M: -1.60%
• YTD: 2.90%
• 6M: 1.93%
• 1Y: 16.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MFUS

• 1D: 1.19%
• 1M: 2.88%
• YTD: 18.43%
• 6M: 17.11%
• 1Y: 29.07%
• 3Y*: 22.30%
• 5Y*: 13.23%
• 10Y*: —

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

LGRO vs. MFUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LGRO Level Four Large Cap Growth Active ETF	2.90%	18.15%	23.95%	12.10%
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	18.43%	16.02%	20.17%	8.41%

Correlation

The correlation between LGRO and MFUS is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	0.76

The correlation between LGRO and MFUS shifts across timeframes, from 0.64 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

LGRO vs. MFUS - Sectors Allocation Comparison

Sectors	LGRO	MFUS
Technology	52.9%	24.7%
Consumer Cyclical	13.5%	10.5%
Communication Services	11.1%	5.1%
Financial Services	8.7%	12.0%
Healthcare	7.7%	13.4%
Industrials	2.8%	12.2%
Energy	1.9%	6.4%
Consumer Defensive	1.5%	9.7%
Basic Materials	-	2.8%
Real Estate	-	1.7%
Utilities	-	1.6%

Return for Risk

LGRO vs. MFUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LGRO

LGRO Risk / Return Rank: 28
LGRO Sharpe Ratio Rank: 31
LGRO Sortino Ratio Rank: 29
LGRO Omega Ratio Rank: 29
LGRO Calmar Ratio Rank: 25
LGRO Martin Ratio Rank: 27

MFUS

MFUS Risk / Return Rank: 90
MFUS Sharpe Ratio Rank: 90
MFUS Sortino Ratio Rank: 91
MFUS Omega Ratio Rank: 88
MFUS Calmar Ratio Rank: 88
MFUS Martin Ratio Rank: 91

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.

LGRO vs. MFUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Level Four Large Cap Growth Active ETF (LGRO) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). 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.

	LGRO	MFUS	Difference
Sharpe ratio: Return per unit of total volatility	1.06	2.60	-1.55
Sortino ratio: Return per unit of downside risk	1.50	3.69	-2.20
Omega ratio: Gain probability vs. loss probability	1.19	1.47	-0.28
Calmar ratio: Return relative to maximum drawdown	1.12	4.57	-3.45
Martin ratio: Return relative to average drawdown	3.52	18.56	-15.04

LGRO vs. MFUS - Sharpe Ratio Comparison

The current LGRO Sharpe Ratio is 1.06, which is lower than the MFUS Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of LGRO and MFUS, 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

LGRO vs. MFUS - Drawdown Comparison

The maximum LGRO drawdown since its inception was -23.26%, smaller than the maximum MFUS drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for LGRO and MFUS.

Drawdown Indicators

	LGRO	MFUS	Difference
Max Drawdown Largest peak-to-trough decline	-23.26%	-35.21%	+11.95%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	-6.39%	-8.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.22%	—
Current Drawdown Current decline from peak	-6.62%	0.00%	-6.62%
Average Drawdown Average peak-to-trough decline	-3.42%	-3.97%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.83%	1.57%	+3.26%

Volatility

LGRO vs. MFUS - Volatility Comparison

Level Four Large Cap Growth Active ETF (LGRO) has a higher volatility of 6.43% compared to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) at 4.31%. This indicates that LGRO's price experiences larger fluctuations and is considered to be riskier than MFUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGRO	MFUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	4.31%	+2.12%
Volatility (6M) Calculated over the trailing 6-month period	12.22%	8.95%	+3.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.15%	11.24%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.34%	15.09%	+4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.34%	17.34%	+2.00%

LGRO vs. MFUS - Expense Ratio Comparison

LGRO has a 0.50% expense ratio, which is higher than MFUS's 0.30% expense ratio.

Dividends

LGRO vs. MFUS - Dividend Comparison

LGRO's dividend yield for the trailing twelve months is around 0.37%, less than MFUS's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LGRO Level Four Large Cap Growth Active ETF	0.37%	0.31%	0.39%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	1.33%	1.54%	1.45%	1.96%	2.07%	1.35%	1.72%	1.89%	1.69%	1.01%

Frequently Asked Questions

Can I hold both LGRO and MFUS in my portfolio?

LGRO and MFUS have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGRO or MFUS?

LGRO has higher volatility (6.43%) compared to MFUS (4.31%). In terms of maximum drawdown, LGRO dropped -23.26% vs MFUS's -35.21%.

Which ETF is better, LGRO or MFUS?

On 1-year performance, MFUS leads with 29.07% vs 16.98% for LGRO. On fees, MFUS is cheaper at 0.30% per year. On volatility, MFUS has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGRO or MFUS?

Over the 1-year period, MFUS has performed better with a 29.07% return vs 16.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGRO or MFUS?

MFUS is cheaper with a 0.30% expense ratio, compared with 0.50% for LGRO.

Which ETF pays a higher dividend yield, LGRO or MFUS?

MFUS has the higher dividend yield at 1.33%, compared with 0.37% for LGRO.

What is the main difference between LGRO and MFUS?

They also come from different issuers: ALPS and PIMCO. Their fees differ too: 0.50% for LGRO and 0.30% for MFUS.

Which has better risk-adjusted returns?

MFUS currently has the higher Sharpe Ratio (2.60 vs 1.06), 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.