- ISIN
- US52468L4068
- CUSIP
- 00052468L406
- Issuer
- Franklin Templeton
- Inception Date
- Dec 29, 2015
- Region
- North America (U.S.)
- Category
- Volatility Hedged Equity, Dividend
- Leveraged
- 1x (No leverage)
- Index Tracked
- QS Low Volatility High Dividend Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $581M
Share Price Chart
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Performance
LVHD Performance Chart
Legg Mason Low Volatility High Dividend ETF (LVHD) is up 8.8% since the beginning of the year. LVHD is currently trading at $43 per share. Investors who bought $1,000 worth of LVHD shares 5 years ago would now be looking at an investment worth $1,368.
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Returns By Period
Legg Mason Low Volatility High Dividend ETF (LVHD) has returned 8.83% so far this year and 12.66% over the past 12 months.
Legg Mason Low Volatility High Dividend ETF
- 1D
- 1.47%
- 1M
- 0.76%
- YTD
- 8.83%
- 6M
- 9.15%
- 1Y
- 12.66%
- 3Y*
- 9.98%
- 5Y*
- 6.47%
- 10Y*
- 8.20%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LVHD Monthly Returns History
Based on dividend-adjusted daily data since Dec 29, 2015, LVHD's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, an investment would double in approximately 7.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +10.4%, while the worst month was Mar 2020 at -15.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, LVHD closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +10.0%, while the worst single day was Mar 12, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.51% | 6.20% | -4.58% | 2.30% | -1.83% | 1.34% | 8.83% | ||||||
| 2025 | 1.54% | 5.13% | 0.22% | -3.00% | 0.77% | 0.15% | 1.56% | 2.58% | 0.36% | -2.73% | 2.58% | -1.61% | 7.50% |
| 2024 | -2.75% | 0.09% | 4.54% | -2.69% | 2.15% | -1.10% | 7.47% | 4.72% | 2.00% | -1.92% | 4.23% | -6.16% | 10.18% |
| 2023 | 2.02% | -4.80% | 1.03% | 0.89% | -5.26% | 3.70% | 4.17% | -5.08% | -5.65% | -1.92% | 6.56% | 4.46% | -0.95% |
| 2022 | -1.88% | -2.10% | 3.40% | -2.21% | 2.76% | -4.92% | 3.88% | -2.82% | -9.46% | 8.37% | 6.28% | -1.71% | -1.82% |
| 2021 | -0.82% | 0.91% | 7.92% | 3.96% | 2.05% | -0.96% | 2.41% | 1.97% | -4.89% | 3.72% | -0.84% | 9.47% | 26.90% |
Benchmark Metrics
Legg Mason Low Volatility High Dividend ETF has an annualized alpha of 8.58%, beta of 0.17, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since December 30, 2015.
- This ETF captured 30.52% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -13.72%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.17 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 8.58%
- Beta
- 0.17
- R²
- 0.05
- Upside Capture
- 30.52%
- Downside Capture
- -13.72%
Expense Ratio
LVHD has an expense ratio of 0.27%, which is considered low.
Return for Risk
Risk / Return Rank
LVHD ranks 41 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Legg Mason Low Volatility High Dividend ETF (LVHD) and compare them to S&P 500 Index.
| LVHD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | — | — |
| Martin ratioReturn relative to average drawdown | 5.20 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Legg Mason Low Volatility High Dividend ETF provided a 3.34% dividend yield over the last twelve months, with an annual payout of $1.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.43 | $1.34 | $1.62 | $1.29 | $1.26 | $1.03 | $1.06 | $1.12 | $1.09 | $1.05 | $0.71 |
Dividend yield | 3.34% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Legg Mason Low Volatility High Dividend ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.08 | $0.00 | $0.00 | $0.32 | $0.00 | $0.41 | ||||||
| 2025 | $0.00 | $0.06 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.34 | $0.35 | $1.34 |
| 2024 | $0.00 | $0.14 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.37 | $0.35 | $1.62 |
| 2023 | $0.00 | $0.05 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.39 | $0.21 | $1.29 |
| 2022 | $0.00 | $0.08 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.32 | $0.29 | $1.26 |
| 2021 | $0.00 | $0.07 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.23 | $0.23 | $1.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Legg Mason Low Volatility High Dividend ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Legg Mason Low Volatility High Dividend ETF was 37.32%, occurring on Mar 23, 2020. Recovery took 241 trading sessions.
The current Legg Mason Low Volatility High Dividend ETF drawdown is 2.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.32%Mar 2020 | 1mo 29d | 11mo 20d | 1y 1moJan 2020 - Mar 2021 |
Bear market2022 | -16.75%Oct 2022 | 5mo 24d | 1y 9mo | 2y 2moApr 2022 - Jul 2024 |
Rate-hike selloffLate 2018 | -11.59%Dec 2018 | 20d | 1mo 23d | 2mo 13dDec 2018 - Feb 2019 |
2018 pullback2018 | -9.41%Mar 2018 | 1mo 23d | 5mo 23d | 7mo 16dJan 2018 - Sep 2018 |
2025 selloff2025 | -8.90%Apr 2025 | 1mo 5d | 3mo 15d | 4mo 20dMar 2025 - Jul 2025 |
Drawdown Indicators
| LVHD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -9.10% | -28.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | — | — |
Current DrawdownCurrent decline from peak | -2.96% | -2.97% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -1.13% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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