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.
Key characteristics
| BLV | LVHD | |
|---|---|---|
| YTD Return | 4.53% | -6.27% |
| 1Y Return | -5.71% | -7.15% |
| 5Y Return (Ann) | 0.64% | 7.20% |
| 10Y Return (Ann) | 2.35% | 8.05% |
| Sharpe Ratio | -0.36 | -0.49 |
| Daily Std Dev | 16.53% | 16.05% |
| Max Drawdown | -37.23% | -37.32% |
Correlation
The correlation between BLV and LVHD is 0.05, 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.
BLV vs. LVHD - Performance Comparison
In the year-to-date period, BLV achieves a 4.53% return, which is significantly lower than LVHD's -6.27% return. Over the past 10 years, BLV has underperformed LVHD with an annualized return of 2.35%, while LVHD has yielded a comparatively higher 8.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
BLV vs. LVHD - Dividend Comparison
BLV's dividend yield for the trailing twelve months is around 5.70%, more than LVHD's 4.48% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 5.70% | 4.24% | 3.55% | 6.37% | 4.13% | 4.89% | 4.54% | 5.40% | 5.90% | 5.49% | 7.12% | 8.15% |
LVHD Legg Mason Low Volatility High Dividend ETF | 4.48% | 3.33% | 2.67% | 3.51% | 3.67% | 4.39% | 3.97% | 3.07% | 0.00% | 0.00% | 0.00% | 0.00% |
BLV vs. LVHD - Expense Ratio Comparison
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | -0.36 | ||||
LVHD Legg Mason Low Volatility High Dividend ETF | -0.49 |
BLV vs. LVHD - Drawdown Comparison
The maximum BLV drawdown for the period was -31.28%, lower than the maximum LVHD drawdown of -11.13%. The drawdown chart below compares losses from any high point along the way for BLV and LVHD
BLV vs. LVHD - Volatility Comparison
The current volatility for Vanguard Long-Term Bond ETF (BLV) is 3.00%, while Legg Mason Low Volatility High Dividend ETF (LVHD) has a volatility of 3.26%. This indicates that BLV experiences smaller price fluctuations and is considered to be less risky than LVHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.