OEFA vs. LGRO

Last updated Aug 4, 2026

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

Performance

OEFA vs. LGRO - Performance Comparison

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

Returns By Period

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

OEFA

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

LGRO

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

*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

OEFA vs. LGRO - Yearly Performance Comparison

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

Correlation

The correlation between OEFA and LGRO 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

OEFA vs. LGRO - Sectors Allocation Comparison

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

Return for Risk

OEFA vs. LGRO — Risk / Return Rank

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

OEFA

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

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

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.

OEFA vs. LGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS O'Shares International Developed Quality Dividend ETF (OEFA) and Level Four Large Cap Growth Active ETF (LGRO). 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.

	OEFA	LGRO	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

OEFA vs. LGRO - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

	OEFA	LGRO	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	17.20%	16.43%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	19.18%	-1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.20%	19.18%	-1.98%

OEFA vs. LGRO - Expense Ratio Comparison

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

Dividends

OEFA vs. LGRO - Dividend Comparison

OEFA's dividend yield for the trailing twelve months is around 1.37%, more than LGRO's 0.34% 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 OEFA and LGRO in my portfolio?

OEFA and LGRO 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, OEFA or LGRO?

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, OEFA or LGRO?

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

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

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

What is the main difference between OEFA and LGRO?

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