BMED vs LGHT: which is really different?

BMED and LGHT hold 10% of their weight in the same names, and BMED returned +29.3% over the year. iShares Health Innovation Active ETF and Langar Global HealthTech ETF.

61.5%
BMED in the S&P 500
69.6%
LGHT in the S&P 500
+29.3%
BMED total return, 1 year
+4.0%
LGHT total return, 1 year
BMED · 1 year to Sep 30, 202639% of its weight is outside the S&P 500
39% of its weight is outside the S&P 50062% of BMED's weight is in S&P 500 companies and 39% is outside the index62%39%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 96% · top ten 43% of the fund · 60 holdings filed Sep 30, 2026 · Nasdaq-100: 13% in39% of its weight is outside the S&P 50062% of BMED's weight is in S&P 500 companies and 39% is outside the index62%39%in the S&P 500outsideactive share 96% · top ten 43% of the fund

62% of BMED's weight is in S&P 500 companies and 39% is outside the index

LGHT · 1 year to Sep 30, 202630% of its weight is outside the S&P 500
30% of its weight is outside the S&P 50070% of LGHT's weight is in S&P 500 companies and 30% is outside the index70%30%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 72% of the fund · 28 holdings filed Jun 30, 2026 · Nasdaq-100: 23% in30% of its weight is outside the S&P 50070% of LGHT's weight is in S&P 500 companies and 30% is outside the index70%30%in the S&P 500outsideactive share 100% · top ten 72% of the fund

70% of LGHT's weight is in S&P 500 companies and 30% is outside the index

ETFIQ Off-Index Score · LGHT scores higherHow much of it is not the index it is sold as an alternative to?
0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, BMED and LGHT hold 10% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.

half

10% in common

Positions both hold, largest shared weight first
Holding BMED LGHT
Only in BMED
DANAHER 5.19%
MODERNA 5.19%
GILEAD SCIENCES 5.00%
ABBVIE 4.61%
THERMO FISHER SCIENTIFIC INC 4.41%
JOHNSON & JOHNSON 4.17%
IQVIA HOLDINGS 3.75%
WATERS CORP 3.66%
Only in LGHT
Intuitive Surgical I 11.93%
ResMed Inc 10.95%
Moderna Inc 9.59%
Veeva Systems Inc 6.73%
GE HealthCare 6.50%
IQVIA Holdings Inc 5.99%
Koninklijke Philips 5.55%
Insulet Corp 5.34%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

10% of the two portfolios are the same securities at the same weight.

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowBMEDLGHTBMEDLGHTBMEDLGHT
3 months+12.6%+20.1%+10.1 pts+17.6 pts+10.5 pts+18.0 pts
6 months+19.4%+20.3%+2.4 pts+3.4 pts−7.5 pts−6.5 pts
1 year+29.3%+4.0%+13.6 pts−11.8 pts+5.5 pts−19.8 pts
3 years+54.5%not published−30.5 ptsnot published−55.5 ptsnot published
Since launch
BMED Oct 2020 · LGHT Jan 2024
+35.9%+2.8%−109.5 pts−62.5 pts−135.6 pts−80.9 pts

BMED and LGHT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BMED
iShares Health Innovation Active ETF · Holds 60 stocks in healthcare innovation and GLP-1, 62% of its weight in S&P 500 companies
LGHT
Langar Global HealthTech ETF · Holds 28 stocks in healthcare innovation and GLP-1, 70% of its weight in S&P 500 companies
Issuer iShares Langar
Theme Healthcare innovation and GLP-1 Healthcare innovation and GLP-1
In the S&P 500 61.5% 69.6%
Active share vs the S&P 500 95.6% 99.5%
In the Nasdaq-100 13.2% 23.2%
Holdings 60 28
Top ten, share of the fund 42.9% 71.9%
Expense ratio 0.55% 0.85%
Fee for the differing part 0.58% 0.85%
Total return, 1 year +29.3% +4.0%
vs the S&P 500 +13.6 pts −11.8 pts
vs the Nasdaq-100 +5.5 pts −19.8 pts
Below its high −1.0% −5.9%
Net assets $14m $2m

BMED and LGHT on the same fields, as of Sep 30, 2026. Source: ETFIQ.

BMED in plain words

By weight, 62% of BMED's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 43% of the fund across 60 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +29.3% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 13.6 pts.

LGHT in plain words

By weight, 70% of LGHT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 72% of the fund across 28 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned +4.0% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 11.8 pts. It sits 5.9% below its all-time high of Jan 30, 2025.

Questions people ask

Do BMED and LGHT hold the same stocks?
By their latest filings, 10% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, BMED or LGHT?
BMED has 62% of its weight in S&P 500 names and LGHT has 70%, so LGHT differs more from the index.
Which is cheaper, BMED or LGHT?
BMED charges 0.55% a year and LGHT charges 0.85%, so BMED is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, BMED against LGHT, data as of Sep 30, 2026. https://etfiq.com/compare/themes/bmed-vs-lght

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.