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Launched · SEC filings

HCM Defender 500 Index ETF

LGHNYSE ArcaHCMB

$64.08−0.50 (−0.77%)

As of Nov 2, 2026, 3:59 PM ET

B60/ 100

Rank 12 of 46 in Tactical Allocation

B60/100Rank 12 of 46inTactical Allocation
Intraday session: down, 79 prints from 64.57 to 64.08. Range 64.08 to 65.47. Use the arrow keys to read each point.64.2564.7565.0065.2565.5010 AM12 PM2 PM4 PM
Expense ratio
1.02%
Fund size
$578M
1Y total return
+3.7%
Yield · Last 12 months
0.37%
Holdings
418
Avg volume · 30D
23K sh
52W range
low $56.12high $67.97
Launched
Filings
SEC EDGAR

The ETF.net LGH Grade

B

Score 60 out of 100

Category
Tactical Allocation⁠
Rank
12 of 46
Six-pillar profile for LGH. Scores out of 100: Cost 33, Risk 35, Mission 75, Tradability 95, Holdings 83, Durability 89. Strongest: Tradability (95). Weakest: Cost (33). Leans toward Tradability and Durability.

Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D33 out of 100
    Rank 30 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A75 out of 100
    Rank 9 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D35 out of 100
    Rank 35 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A95 out of 100
    Rank 1 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A83 out of 100
    Rank 4 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A89 out of 100
    Rank 1 of 46

Our read on LGH

ETF.net Research

In short

BA 500-stock US large-cap index with an eject button. HCM's own trend model can cut equity exposure to 70/30, 40/60 or all cash, then waits for the market to close back above the line before buying in again. Fee: 1.00% a year.

Stated mandate

The Fund seeks to track the HCM Defender 500 Index before fees and expenses. Its index generally uses large-capitalization U.S. equities but can reduce exposure through 70/30, 40/60, or all-cash positions as market conditions change.

Why people hold it

  • The exit ramp is the product. A trend signal, not a manager's gut, decides when the index steps down from full equity to 70/30, 40/60 or all cash, and re-entry requires five straight closes back above the line.howardcm.com
  • Self-indexed and founder-run: Howard Capital Management sponsors, builds and maintains the index itself, and the firm's founder has been the portfolio manager since the fund began operations in 2019.howardcm.com
  • One of the better-built options in a crowded tactical-allocation field of dozens of funds, with years of live record behind the signal rather than a backtest.

Worth knowing

  • 1.00% a year sits above the category median fee, and well above peers like ENDW at 0.22% or PBL at 0.45%. That is active-manager pricing for a rules-based overlay.
  • Trend models move late by design. The index only de-risks after the market has already fallen below the line, and only re-risks after five confirming closes, so it can hold cash while stocks are climbing.howardcm.com
  • Equity exposure can come indirectly, through derivatives, other funds and leveraged ETFs, which adds plumbing most plain index funds do not carry.sec.govhowardcm.com

LGH Performance

Launched Oct 9, 2019

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
LGH$10,368
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. LGH $10,368. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LGH. Periods over one year show the average yearly return.
PeriodLGH
Year to date+4.3%
1 month−1.6%
3 months+1.1%
1 year+3.7%
3 yearsper year+22.2%
5 yearsper year+8.4%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LGH
YearReturn barLGH
2026 YTD+4.3%
2025+19.5%
2024+27.0%
2023+24.2%
2022−27.4%
2021+39.9%
2020+18.5%

LGH in the news

LGH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.37%Last 12 months
Payout per share
$0.24Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2019–2026

One bar per payment. 8 payments from 2019 to 2026 YTD. Dec 13, 2019 $0.05; Dec 14, 2020 $0.08; Dec 15, 2021 $0.06; Dec 29, 2021 $0.0037; Dec 15, 2022 $0.20; Dec 15, 2023 $0.26; Dec 16, 2024 $0.21; Dec 16, 2025 $0.24. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 16, 2025Dec 22, 2025$0.24
Dec 16, 2024Dec 23, 2024$0.21
Dec 15, 2023Dec 26, 2023$0.26
Dec 15, 2022Dec 21, 2022$0.20
Dec 29, 2021Jan 4, 2022$0.0037
Dec 15, 2021Dec 21, 2021$0.06
Dec 14, 2020Dec 21, 2020$0.08
Dec 13, 2019Dec 23, 2019$0.05

$10,000 in LGH 5 years ago paid $214 in dividends.

LGH Risk

Risk pillarD35 out of 100Rank 35 of 46 in Tactical Allocation
How much the fund’s monthly returns vary, scaled to a year.
14.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.13
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−29.4%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.17
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

LGH Cost

Compare LGH and ENDW

Overpaying vs ENDW, cheapest in Tactical Allocation

$14,454

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LGH 1.02%

    $19,012

  • ENDW 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • LGH 1.02%
  • ENDW 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530LGH $19,012ENDW $4,558

Year by year

YearLGHENDWOverpaying
10$1,797$401$1,396
20$6,746$1,561$5,185
30$19,012$4,558$14,454

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