LST vs. IMCB
LST (Leuthold Select Industries ETF) and IMCB (iShares Morningstar Mid-Cap ETF) are both Mid Cap Blend Equities funds. LST is actively managed, while IMCB is passively managed. Over the past year, LST returned 33.41% vs 25.14% for IMCB. Their correlation of 0.85 suggests significant overlap in exposure. LST charges 0.65%/yr vs 0.04%/yr for IMCB.
Performance
LST vs. IMCB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LST having a 15.69% return and IMCB slightly higher at 16.18%.
LST
- 1D
- 1.00%
- 1M
- 1.69%
- YTD
- 15.69%
- 6M
- 14.16%
- 1Y
- 33.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMCB
- 1D
- 0.42%
- 1M
- 4.03%
- YTD
- 16.18%
- 6M
- 14.62%
- 1Y
- 25.14%
- 3Y*
- 17.89%
- 5Y*
- 9.17%
- 10Y*
- 11.77%
LST vs. IMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LST Leuthold Select Industries ETF | 15.69% | 15.31% |
IMCB iShares Morningstar Mid-Cap ETF | 16.18% | 6.42% |
Correlation
The correlation between LST and IMCB is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2025 | 0.85 |
The correlation between LST and IMCB has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
LST vs. IMCB — Risk / Return Rank
LST
IMCB
LST vs. IMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leuthold Select Industries ETF (LST) and iShares Morningstar Mid-Cap ETF (IMCB). 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.
| LST | IMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.14 | -0.04 |
| Martin ratioReturn relative to average drawdown | 12.63 | 12.28 | +0.35 |
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Drawdowns
LST vs. IMCB - Drawdown Comparison
The maximum LST drawdown since its inception was -19.47%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for LST and IMCB.
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Drawdown Indicators
| LST | IMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.47% | -58.80% | +39.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -8.05% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.99% | — |
Current DrawdownCurrent decline from peak | -1.69% | -0.32% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -7.72% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.05% | +0.60% |
Volatility
LST vs. IMCB - Volatility Comparison
Leuthold Select Industries ETF (LST) has a higher volatility of 4.98% compared to iShares Morningstar Mid-Cap ETF (IMCB) at 4.70%. This indicates that LST's price experiences larger fluctuations and is considered to be riskier than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LST | IMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 4.70% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.37% | 10.25% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 13.32% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 17.64% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 19.69% | -1.68% |
LST vs. IMCB - Expense Ratio Comparison
LST has a 0.65% expense ratio, which is higher than IMCB's 0.04% expense ratio.
Dividends
LST vs. IMCB - Dividend Comparison
LST's dividend yield for the trailing twelve months is around 1.16%, less than IMCB's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.23% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
LST Leuthold Select Industries ETF | 1.16% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LST and IMCB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LST has higher volatility (4.98%) compared to IMCB (4.70%). In terms of maximum drawdown, LST dropped -19.47% vs IMCB's -58.80%.
On 1-year performance, LST leads with 33.41% vs 25.14% for IMCB. On fees, IMCB is cheaper at 0.04% per year. On volatility, IMCB has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LST has performed better with a 33.41% return vs 25.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMCB is cheaper with a 0.04% expense ratio, compared with 0.65% for LST.
IMCB has the higher dividend yield at 1.23%, compared with 1.16% for LST.
They also come from different issuers: Leuthold Group and iShares. Their fees differ too: 0.65% for LST and 0.04% for IMCB.
LST currently has the higher Sharpe Ratio (2.25 vs 1.90), 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.
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