LGHT vs. FMED ETF Comparison
Comparison of Langar Global HealthTech ETF (LGHT) to Fidelity Disruptive Medicine ETF (FMED)
LGHT
Langar Global HealthTech ETF
LGHT Description
LGHT targets the global healthcare technology industry. The fund actively invests in HealthTech companies, which the adviser defines as firms that develop technology designed to create healthcare efficiency by addressing key pain points for patients, providers, payors, and hospitals, including those companies that derive a majority of their revenue from HealthTech products and services. The portfolio construction starts by identifying companies that fit into the advisers HealthTech definition. The remaining companies are screened using a proprietary metric that assesses each firms financial health, involvement in relevant controversies, as well as the strength of its team and culture. Each company is then assigned an industry risk score through an algorithm that defines quantitative and qualitative risk categories and weights them accordingly. Finally, each company is reviewed by an investment committee. However, the portfolio manager still has full discretion over the final selection.
Grade (RS Rating)
Last Trade
$10.28
Average Daily Volume
686
31
FMED
Fidelity Disruptive Medicine ETF
FMED Description
The fund normally invests at least 80% of assets in securities of disruptive medicine companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.Grade (RS Rating)
Last Trade
$25.74
Average Daily Volume
4,900
52
Performance
| Period | LGHT | FMED |
|---|---|---|
| 30 Days | -3.23% | -1.11% |
| 60 Days | -3.02% | -1.07% |
| 90 Days | 2.70% | 3.68% |
| 12 Months | 25.02% |
15 Overlapping Holdings
| Symbol | Grade | Weight in LGHT | Weight in FMED | Overlap | |
|---|---|---|---|---|---|
| ALGN | F | 2.67% | 0.71% | 0.71% | |
| BNTX | B | 3.9% | 0.42% | 0.42% | |
| DOCS | A | 1.67% | 0.92% | 0.92% | |
| DXCM | C | 5.26% | 1.88% | 1.88% | |
| IRTC | C | 0.39% | 0.39% | 0.39% | |
| ISRG | B | 14.59% | 4.27% | 4.27% | |
| LFST | C | 0.3% | 2.3% | 0.3% | |
| MASI | A | 2.24% | 1.8% | 1.8% | |
| PHR | F | 0.15% | 0.83% | 0.15% | |
| PODD | A | 4.72% | 3.85% | 3.85% | |
| PRCT | A | 1.35% | 1.68% | 1.35% | |
| PRVA | B | 0.38% | 1.16% | 0.38% | |
| RMD | A | 7.12% | 1.35% | 1.35% | |
| TNDM | F | 0.6% | 1.11% | 0.6% | |
| VEEV | B | 4.73% | 2.03% | 2.03% |
LGHT Underweight 37 Positions Relative to FMED
| Symbol | Grade | Weight | |
|---|---|---|---|
| BSX | C | -5.99% | |
| UNH | C | -4.41% | |
| DHR | D | -3.86% | |
| EXAS | A | -3.82% | |
| REGN | F | -3.78% | |
| ALNY | C | -3.12% | |
| ARGX | A | -3.04% | |
| SYK | A | -2.58% | |
| PEN | A | -2.39% | |
| LEGN | F | -2.21% | |
| INSP | D | -2.09% | |
| EW | D | -2.03% | |
| TMO | D | -1.92% | |
| AGL | F | -1.9% | |
| LLY | F | -1.88% | |
| ZLAB | B | -1.61% | |
| JANX | A | -1.44% | |
| GKOS | B | -1.39% | |
| KROS | A | -1.28% | |
| PCVX | C | -1.26% | |
| RGEN | D | -1.23% | |
| BRKR | D | -1.18% | |
| XENE | C | -1.18% | |
| CRNX | B | -1.17% | |
| CYTK | F | -1.1% | |
| CNC | D | -1.06% | |
| DYN | F | -0.98% | |
| WST | B | -0.93% | |
| ASND | F | -0.87% | |
| VRTX | D | -0.82% | |
| TXG | F | -0.7% | |
| NTRA | B | -0.45% | |
| DNLI | C | -0.41% | |
| ACLX | B | -0.39% | |
| ANAB | F | -0.26% | |
| NRIX | B | -0.19% | |
| DAWN | A | -0.12% |
LGHT: Top Represented Industries & Keywords
FMED: Top Represented Industries & Keywords
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