BLV vs. LVHD
Compare and contrast key facts about Vanguard Long-Term Bond ETF (BLV) and Legg Mason Low Volatility High Dividend ETF (LVHD).
BLV and LVHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. LVHD is a passively managed fund by Franklin Templeton that tracks the performance of the QS Low Volatility High Dividend Index. It was launched on Dec 29, 2015. Both BLV and LVHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLV or LVHD.
Performance
BLV vs. LVHD - Performance Comparison
Returns By Period
In the year-to-date period, BLV achieves a -2.14% return, which is significantly lower than LVHD's 14.21% return.
BLV
-2.14%
-1.26%
1.97%
6.79%
-3.01%
1.49%
LVHD
14.21%
-0.97%
11.80%
21.49%
7.48%
N/A
Key characteristics
| BLV | LVHD | |
|---|---|---|
| Sharpe Ratio | 0.58 | 1.96 |
| Sortino Ratio | 0.88 | 2.74 |
| Omega Ratio | 1.10 | 1.35 |
| Calmar Ratio | 0.21 | 1.92 |
| Martin Ratio | 1.51 | 9.03 |
| Ulcer Index | 4.51% | 2.37% |
| Daily Std Dev | 11.82% | 10.95% |
| Max Drawdown | -38.29% | -37.32% |
| Current Drawdown | -27.80% | -1.86% |
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BLV vs. LVHD - Expense Ratio Comparison
BLV has a 0.04% expense ratio, which is lower than LVHD's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between BLV and LVHD is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
BLV vs. LVHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) and Legg Mason Low Volatility High Dividend ETF (LVHD). 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.
Dividends
BLV vs. LVHD - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 4.53%, more than LVHD's 3.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.53% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
LVHD Legg Mason Low Volatility High Dividend ETF | 3.71% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.81% | 3.33% | 2.18% | 0.00% | 0.00% | 0.00% |
Drawdowns
BLV vs. LVHD - Drawdown Comparison
The maximum BLV drawdown since its inception was -38.29%, roughly equal to the maximum LVHD drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for BLV and LVHD. For additional features, visit the drawdowns tool.
Volatility
BLV vs. LVHD - Volatility Comparison
Vanguard Long-Term Bond ETF (BLV) has a higher volatility of 3.71% compared to Legg Mason Low Volatility High Dividend ETF (LVHD) at 2.89%. This indicates that BLV's price experiences larger fluctuations and is considered to be riskier than LVHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.