BULZ vs. LVHD

Last updated Aug 4, 2026

BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) and LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) are both exchange-traded funds - BULZ is a Leveraged Equities fund tracking the Solactive FANG Innovation Index (300%), while LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index. Both are passively managed. Over the past 3 years, BULZ returned 62.45%/yr vs 10.47%/yr for LVHD. Their 0.18 correlation means their historical movements had little consistent relationship. BULZ charges 0.95%/yr vs 0.27%/yr for LVHD.

Performance

BULZ vs. LVHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BULZ achieves a 25.41% return, which is significantly higher than LVHD's 13.57% return.

BULZ

• 1D: 10.00%
• 1M: -9.61%
• 6M: 24.24%
• YTD: 25.41%
• 1Y: 91.64%
• 3Y*: 62.45%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.31%

LVHD

• 1D: -0.01%
• 1M: -0.57%
• 6M: 7.71%
• YTD: 13.57%
• 1Y: 14.82%
• 3Y*: 10.47%
• 5Y*: 7.44%
• 10Y*: 8.26%
• ALL TIME*: 9.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs	$25.71M	$28.40M	$43.12M
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	$2.34M	$2.46M	$2.92M

BULZ vs. LVHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs	25.41%	60.09%	54.09%	394.22%	-92.26%	9.17%
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	13.57%	7.50%	10.18%	-0.95%	-1.82%	5.93%

Correlation

The correlation between BULZ and LVHD is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.25
Correlation (3Y) Balances recent behavior with more history.	-0.03
Correlation (All Time) Calculated using the full available price history since Aug 18, 2021	0.18

The correlation between BULZ and LVHD shifts across timeframes, from -0.25 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

BULZ vs. LVHD - Sectors Allocation Comparison

Sectors	BULZ	LVHD
Technology	65.0%	3.1%
Communication Services	20.9%	2.2%
Consumer Cyclical	14.2%	7.5%
Financial Services	13.3%	8.6%
Basic Materials	-	-
Consumer Defensive	-	21.8%
Energy	-	7.0%
Healthcare	-	4.7%
Industrials	-	4.9%
Real Estate	-	15.4%
Utilities	-	24.8%

Return for Risk

BULZ vs. LVHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BULZ

BULZ Risk / Return Rank: 43
BULZ Sharpe Ratio Rank: 43
BULZ Sortino Ratio Rank: 47
BULZ Omega Ratio Rank: 45
BULZ Calmar Ratio Rank: 45
BULZ Martin Ratio Rank: 36

LVHD

LVHD Risk / Return Rank: 58
LVHD Sharpe Ratio Rank: 58
LVHD Sortino Ratio Rank: 62
LVHD Omega Ratio Rank: 54
LVHD Calmar Ratio Rank: 68
LVHD Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BULZ vs. LVHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) and Franklin U.S. Low Volatility High Dividend Index 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BULZ	LVHD	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.42	-0.34
Sortino ratio: Return per unit of downside risk	1.73	2.13	-0.40
Omega ratio: Gain probability vs. loss probability	1.22	1.25	-0.03
Calmar ratio: Return relative to maximum drawdown	1.67	2.41	-0.75
Martin ratio: Return relative to average drawdown	3.75	5.96	-2.21

BULZ vs. LVHD - Sharpe Ratio Comparison

The current BULZ Sharpe Ratio is 1.08, which is comparable to the LVHD Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of BULZ and LVHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BULZ vs. LVHD - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, which is greater than LVHD's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for BULZ and LVHD.

Drawdown Indicators

	BULZ	LVHD	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-37.32%	-57.12%
Max Drawdown (1Y) Largest decline over 1 year	-55.29%	-6.17%	-49.12%
Max Drawdown (3Y) Largest decline over 3 years	-67.96%	-11.87%	-56.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.32%	—
Current Drawdown Current decline from peak	-40.91%	-2.13%	-38.78%
Average Drawdown Average peak-to-trough decline	-57.56%	-4.00%	-53.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.55%	2.49%	+22.06%

Volatility

BULZ vs. LVHD - Volatility Comparison

MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) has a higher volatility of 32.71% compared to Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) at 4.27%. This indicates that BULZ'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.

Volatility by Period

	BULZ	LVHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.71%	4.27%	+28.44%
Volatility (6M) Calculated over the trailing 6-month period	70.17%	8.31%	+61.86%
Volatility (1Y) Calculated over the trailing 1-year period	85.84%	10.53%	+75.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.15%	13.05%	+79.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.15%	15.58%	+76.57%

BULZ vs. LVHD - Expense Ratio Comparison

BULZ has a 0.95% expense ratio, which is higher than LVHD's 0.27% expense ratio.

Dividends

BULZ vs. LVHD - Dividend Comparison

BULZ has not paid dividends to shareholders, while LVHD's dividend yield for the trailing twelve months is around 3.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	3.20%	3.35%	4.23%	3.55%	3.30%	2.56%	3.27%	3.30%	3.82%	3.33%	2.48%

Frequently Asked Questions

Can I hold both BULZ and LVHD in my portfolio?

BULZ and LVHD have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BULZ or LVHD?

BULZ has higher volatility (32.71%) compared to LVHD (4.27%). In terms of maximum drawdown, BULZ dropped -94.44% vs LVHD's -37.32%.

Which ETF is better, BULZ or LVHD?

On 3-year performance, BULZ leads with 62.45% vs 10.47% for LVHD. On fees, LVHD is cheaper at 0.27% per year. On volatility, LVHD has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BULZ or LVHD?

Over the 3-year period, BULZ has performed better with a 62.45% return vs 10.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BULZ or LVHD?

LVHD is cheaper with a 0.27% expense ratio, compared with 0.95% for BULZ.

Which ETF pays a higher dividend yield, BULZ or LVHD?

LVHD has the higher dividend yield at 3.20%, compared with 0.00% for BULZ.

What is the main difference between BULZ and LVHD?

BULZ is categorized as Leveraged Equities, while LVHD is Dividend. BULZ tracks Solactive FANG Innovation Index (300%), while LVHD tracks Franklin U.S. Low Volatility High Dividend Index. They also come from different issuers: BMO and Franklin Templeton. Their fees differ too: 0.95% for BULZ and 0.27% for LVHD.

Which has better risk-adjusted returns?

LVHD currently has the higher Sharpe Ratio (1.42 vs 1.08), 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.