ADIV vs. LVHI

Last updated Jun 9, 2026

ADIV (SmartETFs Asia Pacific Dividend Builder ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - ADIV is a Asia Pacific Equities fund actively managed by Guinness Atkinson Asset Management, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. ADIV is actively managed, while LVHI is passively managed. Over the past 5 years, ADIV returned 5.91%/yr vs 15.67%/yr for LVHI. A 0.55 correlation means they provide meaningful diversification when combined. ADIV charges 0.78%/yr vs 0.40%/yr for LVHI.

Performance

ADIV vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and Franklin International Low Volatility High Dividend Index ETF (LVHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADIV achieves a 4.50% return, which is significantly lower than LVHI's 11.45% return.

ADIV

• 1D: 0.43%
• 1M: -2.41%
• YTD: 4.50%
• 6M: 4.87%
• 1Y: 14.36%
• 3Y*: 15.97%
• 5Y*: 5.91%
• 10Y*: —

LVHI

• 1D: 0.37%
• 1M: 0.77%
• YTD: 11.45%
• 6M: 13.55%
• 1Y: 29.27%
• 3Y*: 20.97%
• 5Y*: 15.67%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADIV vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ADIV SmartETFs Asia Pacific Dividend Builder ETF	4.50%	21.86%	14.47%	12.28%	-18.00%	1.41%
LVHI Franklin International Low Volatility High Dividend Index ETF	11.45%	27.12%	14.81%	17.45%	3.84%	7.77%

Correlation

The correlation between ADIV and LVHI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021	0.55

The correlation between ADIV and LVHI shifts across timeframes, from 0.42 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

ADIV vs. LVHI - Sectors Allocation Comparison

Sectors	ADIV	LVHI
Financial Services	32.4%	23.6%
Technology	25.5%	0.1%
Consumer Cyclical	16.3%	5.3%
Real Estate	7.9%	1.9%
Healthcare	5.6%	7.4%
Consumer Defensive	4.7%	8.7%
Communication Services	2.7%	5.8%
Utilities	2.5%	10.4%
Industrials	2.4%	13.4%
Basic Materials	-	6.1%
Energy	-	17.4%

Return for Risk

ADIV vs. LVHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADIV

ADIV Risk / Return Rank: 32
ADIV Sharpe Ratio Rank: 32
ADIV Sortino Ratio Rank: 31
ADIV Omega Ratio Rank: 31
ADIV Calmar Ratio Rank: 32
ADIV Martin Ratio Rank: 34

LVHI

LVHI Risk / Return Rank: 92
LVHI Sharpe Ratio Rank: 93
LVHI Sortino Ratio Rank: 93
LVHI Omega Ratio Rank: 93
LVHI Calmar Ratio Rank: 89
LVHI Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADIV vs. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and Franklin International Low Volatility High Dividend Index ETF (LVHI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ADIV	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	1.04	3.10	-2.06
Sortino ratio: Return per unit of downside risk	1.50	4.24	-2.74
Omega ratio: Gain probability vs. loss probability	1.19	1.58	-0.39
Calmar ratio: Return relative to maximum drawdown	1.42	4.84	-3.42
Martin ratio: Return relative to average drawdown	4.66	19.99	-15.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADIV vs. LVHI - Sharpe Ratio Comparison

The current ADIV Sharpe Ratio is 1.04, which is lower than the LVHI Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of ADIV and LVHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADIV	LVHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	3.10	-2.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	1.42	-1.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.81	-0.44

Drawdowns

ADIV vs. LVHI - Drawdown Comparison

The maximum ADIV drawdown since its inception was -31.55%, roughly equal to the maximum LVHI drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for ADIV and LVHI.

Drawdown Indicators

	ADIV	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-31.55%	-32.31%	+0.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-6.08%	-4.07%
Max Drawdown (3Y) Largest decline over 3 years	-18.53%	-11.99%	-6.54%
Max Drawdown (5Y) Largest decline over 5 years	-31.55%	-11.99%	-19.56%
Current Drawdown Current decline from peak	-4.40%	-1.79%	-2.61%
Average Drawdown Average peak-to-trough decline	-8.44%	-3.52%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	1.47%	+1.62%

Volatility

ADIV vs. LVHI - Volatility Comparison

SmartETFs Asia Pacific Dividend Builder ETF (ADIV) has a higher volatility of 5.13% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.35%. This indicates that ADIV's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADIV	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.13%	2.35%	+2.78%
Volatility (6M) Calculated over the trailing 6-month period	11.02%	7.58%	+3.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	9.50%	+4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.54%	11.07%	+5.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.41%	13.76%	+2.65%

ADIV vs. LVHI - Expense Ratio Comparison

ADIV has a 0.78% expense ratio, which is higher than LVHI's 0.40% expense ratio.

Dividends

ADIV vs. LVHI - Dividend Comparison

ADIV's dividend yield for the trailing twelve months is around 2.88%, less than LVHI's 4.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ADIV SmartETFs Asia Pacific Dividend Builder ETF	2.88%	2.77%	4.83%	4.55%	2.98%	13.85%	0.00%	0.00%	0.00%	0.00%	0.00%
LVHI Franklin International Low Volatility High Dividend Index ETF	4.79%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%

Frequently Asked Questions

Can I hold both ADIV and LVHI in my portfolio?

ADIV and LVHI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADIV or LVHI?

ADIV has higher volatility (5.13%) compared to LVHI (2.35%). In terms of maximum drawdown, ADIV dropped -31.55% vs LVHI's -32.31%.

Which ETF is better, ADIV or LVHI?

On 5-year performance, LVHI leads with 15.67% vs 5.91% for ADIV. On fees, LVHI is cheaper at 0.40% per year. On volatility, LVHI has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADIV or LVHI?

Over the 5-year period, LVHI has performed better with a 15.67% return vs 5.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADIV or LVHI?

LVHI is cheaper with a 0.40% expense ratio, compared with 0.78% for ADIV.

Which ETF pays a higher dividend yield, ADIV or LVHI?

LVHI has the higher dividend yield at 4.79%, compared with 2.88% for ADIV.

What is the main difference between ADIV and LVHI?

ADIV is categorized as Asia Pacific Equities, while LVHI is Volatility Hedged Equity. They also come from different issuers: Guinness Atkinson Asset Management and Franklin Templeton. Their fees differ too: 0.78% for ADIV and 0.40% for LVHI.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.10 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.