LGRO vs. OEFA

Last updated Aug 4, 2026

LGRO (Level Four Large Cap Growth Active ETF) and OEFA (ALPS O'Shares International Developed Quality Dividend ETF) are both exchange-traded funds - LGRO is a Large Cap Growth Equities fund actively managed by ALPS, while OEFA is a Quality Factor fund tracking the O’Shares International Developed Quality Dividend Index. LGRO is actively managed, while OEFA is passively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. LGRO charges 0.50%/yr vs 0.48%/yr for OEFA.

Performance

LGRO vs. OEFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Level Four Large Cap Growth Active ETF (LGRO) and ALPS O'Shares International Developed Quality Dividend ETF (OEFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGRO achieves a 11.71% return, which is significantly higher than OEFA's 8.56% return.

LGRO

• 1D: 1.59%
• 1M: 4.26%
• 6M: 11.46%
• YTD: 11.71%
• 1Y: 25.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.86%

OEFA

• 1D: 0.62%
• 1M: 3.08%
• 6M: 5.24%
• YTD: 8.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LGRO Level Four Large Cap Growth Active ETF	$456.45K	$371.04K	$369.04K
OEFA ALPS O'Shares International Developed Quality Dividend ETF	$70.52K	$55.90K	$153.39K

LGRO vs. OEFA - Yearly Performance Comparison

	2026 (YTD)	2025
LGRO Level Four Large Cap Growth Active ETF	11.71%	2.39%
OEFA ALPS O'Shares International Developed Quality Dividend ETF	8.56%	0.73%

Correlation

The correlation between LGRO and OEFA is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.64

LGRO vs. OEFA - Sectors Allocation Comparison

Sectors	LGRO	OEFA
Technology	52.8%	12.3%
Consumer Cyclical	13.8%	15.5%
Communication Services	10.3%	5.5%
Financial Services	8.7%	10.9%
Healthcare	8.3%	14.9%
Industrials	2.8%	28.1%
Energy	1.9%	-
Consumer Defensive	1.5%	9.4%
Basic Materials	-	-
Real Estate	-	-
Utilities	-	3.4%

Return for Risk

LGRO vs. OEFA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LGRO

LGRO Risk / Return Rank: 52
LGRO Sharpe Ratio Rank: 60
LGRO Sortino Ratio Rank: 57
LGRO Omega Ratio Rank: 56
LGRO Calmar Ratio Rank: 43
LGRO Martin Ratio Rank: 43

OEFA

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LGRO vs. OEFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Level Four Large Cap Growth Active ETF (LGRO) and ALPS O'Shares International Developed Quality Dividend ETF (OEFA). 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	OEFA	Difference
Sharpe ratio: Return per unit of total volatility	1.53	—	—
Sortino ratio: Return per unit of downside risk	2.10	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.65	—	—
Martin ratio: Return relative to average drawdown	5.13	—	—

Drawdowns

LGRO vs. OEFA - Drawdown Comparison

The maximum LGRO drawdown since its inception was -23.26%, which is greater than OEFA's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for LGRO and OEFA.

Drawdown Indicators

	LGRO	OEFA	Difference
Max Drawdown Largest peak-to-trough decline	-23.26%	-13.54%	-9.72%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	—	—
Current Drawdown Current decline from peak	0.00%	-0.09%	+0.09%
Average Drawdown Average peak-to-trough decline	-3.38%	-3.43%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	—	—

Volatility

Volatility by Period

	LGRO	OEFA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.43%	17.20%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	17.20%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	17.20%	+1.98%

LGRO vs. OEFA - Expense Ratio Comparison

LGRO has a 0.50% expense ratio, which is higher than OEFA's 0.48% expense ratio.

Dividends

LGRO vs. OEFA - Dividend Comparison

LGRO's dividend yield for the trailing twelve months is around 0.34%, less than OEFA's 1.37% yield.

Position	TTM	2025	2024	2023
LGRO Level Four Large Cap Growth Active ETF	0.34%	0.31%	0.39%	0.26%
OEFA ALPS O'Shares International Developed Quality Dividend ETF	1.37%	0.28%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGRO and OEFA in my portfolio?

LGRO and OEFA 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 ETF is better, LGRO or OEFA?

On fees, OEFA is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGRO or OEFA?

OEFA is cheaper with a 0.48% expense ratio, compared with 0.50% for LGRO.

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

OEFA has the higher dividend yield at 1.37%, compared with 0.34% for LGRO.

What is the main difference between LGRO and OEFA?

LGRO is categorized as Large Cap Growth Equities, while OEFA is Quality Factor. Their fees differ too: 0.50% for LGRO and 0.48% for OEFA.