LGHT vs QLTY
Langar Global Healthtech ETF vs GMO US Quality ETF
Which is better, LGHT or QLTY?
QLTY has been ahead.
QLTY has a lower expense ratio. QLTY led over 1Y and the full window. QLTY is less concentrated, with 45.5% of the fund in its ten largest positions against 75.5%.
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 | QLTY |
|---|---|---|
| Expense Ratio | 0.85% | 0.50%Best |
| AUM | $2M | $5.4B |
| Dividend Yield | 0.00% | 0.66% |
| Holdings | 32 | 90 |
| YTD Return | +12.20% | +15.19%Best |
| 1Y Return | +11.48% | +21.45%Best |
| 3Y Return (annualized) | - | +22.21% |
| Volatility (annualized) | 17.9% | 12.2%Best |
| Max Drawdown | -28.6% | -17.0%Best |
| $10,000 over 2.8 years | $11,023 | $16,888Best |
| Top 10 Weight | 75.5% | 45.5%Best |
| Fund Family | Langar Investment Management | GMO |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 10, 2024 | Nov 13, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Jan 10, 2024 to Oct 15, 2026 (2.8 years).
LGHT vs QLTY 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 2.8 years both funds cover.
LGHT vs QLTY Performance
Langar Global Healthtech ETF (LGHT) is an ETF from Langar Investment Management and GMO US Quality ETF (QLTY) is an ETF from GMO. Over the past year LGHT returned +11.48% while QLTY returned +21.45%. Year to date, LGHT is up 12.20% versus a gain of 15.19% for QLTY.
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 12.2% for QLTY. 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 -17.0% for QLTY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LGHT charges 0.85% per year while QLTY charges 0.50%. On a $10,000 position that is $85 vs $50 annually, a gap of $35 per year that compounds over a long holding period. On income, LGHT currently yields 0.00% against 0.66% for QLTY.
Holdings Overlap
8.1% of LGHT's money is in holdings QLTY also owns. 1.1% of QLTY's money is in holdings LGHT also owns.
LGHT and QLTY share little of their money.
1 positions in common, counted across the 31 positions we hold weights for in LGHT and 45 in QLTY, against full books of 32 and 90.
What only one of them owns
Our book lists 44 positions for QLTY that do not appear in our book for LGHT (98.6% of the fund), and 26 for LGHT that do not appear in QLTY (81.0%).
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 QLTY | Difference |
|---|---|---|---|
| ISRGIntuitive Surgical Inc. | 8.10% | 1.10% | 7.00% |
You are not choosing between two funds in isolation.
Whichever of LGHT and QLTY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LGHT or QLTY?
LGHT has an expense ratio of 0.85% while QLTY charges 0.50%. QLTY is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, LGHT or QLTY?
Over the past year LGHT returned +11.48% vs +21.45% for QLTY, so QLTY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LGHT or QLTY?
LGHT has been the more volatile fund at 17.9% annualized versus 12.2% for QLTY. Worst drawdown: LGHT -28.6% vs QLTY -17.0%.
Should I hold both LGHT and QLTY?
LGHT and QLTY have a monthly-return correlation of 0.50, 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 QLTY?
8.1% of LGHT's money is in holdings QLTY also owns. 1.1% of QLTY's is in holdings LGHT also owns. They hold 1 positions in common, counted across the 31 positions we hold weights for in LGHT and 45 in QLTY.
Which pays a higher dividend, LGHT or QLTY?
LGHT yields 0.00% while QLTY yields 0.66%, so QLTY currently pays the higher dividend yield.
Is QLTY better than LGHT?
QLTY has a lower expense ratio. QLTY led over 1Y and the full window. QLTY is less concentrated, with 45.5% of the fund in its ten largest positions against 75.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.