MSTB vs. LGLV
Compare and contrast key facts about LHA Market State Tactical Beta ETF (MSTB) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV).
MSTB and LGLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both MSTB and LGLV 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
MSTB vs. LGLV - Performance Comparison
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MSTB vs. LGLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MSTB LHA Market State Tactical Beta ETF | -4.06% | 18.57% | 18.82% | 16.94% | -22.72% | 21.89% | 9.45% |
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 2.00% | 8.37% | 16.22% | 9.19% | -8.17% | 27.95% | 11.58% |
Returns By Period
In the year-to-date period, MSTB achieves a -4.06% return, which is significantly lower than LGLV's 2.00% return.
MSTB
- 1D
- 2.06%
- 1M
- -4.32%
- YTD
- -4.06%
- 6M
- -3.31%
- 1Y
- 19.00%
- 3Y*
- 14.50%
- 5Y*
- 6.74%
- 10Y*
- —
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%
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MSTB vs. LGLV - Expense Ratio Comparison
MSTB has a 1.40% expense ratio, which is higher than LGLV's 0.12% expense ratio.
Return for Risk
MSTB vs. LGLV — Risk / Return Rank
MSTB
LGLV
MSTB vs. LGLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LHA Market State Tactical Beta ETF (MSTB) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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.
| MSTB | LGLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 0.35 | +1.21 |
Sortino ratioReturn per unit of downside risk | 2.22 | 0.58 | +1.64 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.08 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 0.58 | +1.78 |
Martin ratioReturn relative to average drawdown | 9.27 | 2.44 | +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
| MSTB | LGLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.35 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.72 | -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 | 0.67 | 0.78 | -0.11 |
Correlation
The correlation between MSTB and LGLV 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
MSTB vs. LGLV - Dividend Comparison
MSTB's dividend yield for the trailing twelve months is around 0.43%, less than LGLV's 2.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
MSTB vs. LGLV - Drawdown Comparison
The maximum MSTB drawdown since its inception was -25.64%, smaller than the maximum LGLV drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for MSTB and LGLV.
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Drawdown Indicators
| MSTB | LGLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.64% | -36.64% | +11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -9.65% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -17.49% | -8.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.64% | — |
Current DrawdownCurrent decline from peak | -6.43% | -5.52% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -3.19% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.30% | -0.18% |
Volatility
MSTB vs. LGLV - Volatility Comparison
LHA Market State Tactical Beta ETF (MSTB) has a higher volatility of 3.58% compared to SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) at 3.11%. This indicates that MSTB's price experiences larger fluctuations and is considered to be riskier than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTB | LGLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 3.11% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 6.63% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 12.78% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 12.93% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 16.10% | -2.16% |