LGHT vs SPY
Langar Global Healthtech ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, LGHT or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 72.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | LGHT | SPY |
|---|---|---|
| Expense Ratio | 0.85% | 0.09%Best |
| AUM | $2M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 29 | 505 |
| YTD Return | -2.43% | +12.47%Best |
| 1Y Return | -6.14% | +17.51%Best |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 17.9% | 12.0%Best |
| Max Drawdown | -28.6% | -18.8%Best |
| $10,000 over 2.7 years | $9,569 | $16,615Best |
| Top 10 Weight | 72.5% | 38.0%Best |
| Fund Family | Langar Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 10, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 10, 2024 to Sep 11, 2026 (2.7 years).
LGHT vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.7 years both funds cover.
LGHT vs SPY Performance
Langar Global Healthtech ETF (LGHT) is an ETF from Langar Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year LGHT returned -6.14% while SPY returned +17.51%. Year to date, LGHT is down 2.43% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LGHT has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 12.0% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -28.6% for LGHT and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LGHT charges 0.85% per year while SPY charges 0.09%. On a $10,000 position that is $85 vs $9 annually, a gap of $76 per year that compounds over a long holding period. On income, LGHT currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
68.5% of LGHT's money is in holdings SPY also owns. 0.6% of SPY's money is in holdings LGHT also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 30 positions we hold weights for in LGHT and 504 in SPY, against full books of 29 and 505.
What only one of them owns
Our book lists 484 positions for SPY that do not appear in our book for LGHT (99.0% of the fund), and 16 for LGHT that do not appear in SPY (17.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in LGHT | Weight in SPY | Difference |
|---|---|---|---|
| RMDResmed Inc. | 9.59% | 0.05% | 9.54% |
| ISRGIntuitive Surgical Inc | 9.09% | 0.20% | 8.89% |
| VEEVVeeva Systems Inc | 9.16% | 0.05% | 9.11% |
| IQVIqvia Holdings Inc. | 8.38% | 0.06% | 8.32% |
| GEHCGe Healthcare Technologies Inc | 7.67% | 0.05% | 7.62% |
| MRNAModerna Inc | 6.88% | 0.03% | 6.85% |
| DXCMDexcom Inc. | 6.48% | 0.05% | 6.43% |
| PODDInsulet Corp | 4.00% | 0.02% | 3.98% |
| ALGNAlign Technology Inc. | 3.68% | 0.02% | 3.66% |
| ZBHZimmer Biomet Holdings Inc. | 3.53% | 0.03% | 3.50% |
68.5% of LGHT is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LGHT or SPY?
LGHT has an expense ratio of 0.85% while SPY charges 0.09%. SPY is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, LGHT or SPY?
Over the past year LGHT returned -6.14% vs +17.51% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LGHT or SPY?
LGHT has been the more volatile fund at 17.9% annualized versus 12.0% for SPY. Worst drawdown: LGHT -28.6% vs SPY -18.8%.
Should I hold both LGHT and SPY?
LGHT and SPY have a monthly-return correlation of 0.43, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between LGHT and SPY?
68.5% of LGHT's money is in holdings SPY also owns. 0.6% of SPY's is in holdings LGHT also owns. They hold 10 positions in common, counted across the 30 positions we hold weights for in LGHT and 504 in SPY.
Which pays a higher dividend, LGHT or SPY?
LGHT yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than LGHT?
SPY has a lower expense ratio. SPY led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 72.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.