DIEM vs. LVHI
DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - DIEM is a Emerging Markets Diversified fund tracking the Morningstar Emerging Markets Dividend Enhanced Select Index, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, DIEM returned 10.93%/yr vs 16.12%/yr for LVHI. A 0.51 correlation means they provide meaningful diversification when combined. DIEM charges 0.19%/yr vs 0.40%/yr for LVHI.
Performance
DIEM vs. LVHI - Performance Comparison
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Returns By Period
In the year-to-date period, DIEM achieves a 24.14% return, which is significantly higher than LVHI's 14.97% return.
DIEM
- 1D
- -3.35%
- 1M
- -4.04%
- 6M
- 18.80%
- YTD
- 24.14%
- 1Y
- 41.33%
- 3Y*
- 23.75%
- 5Y*
- 10.93%
- 10Y*
- 8.30%
LVHI
- 1D
- 0.44%
- 1M
- 1.05%
- 6M
- 12.76%
- YTD
- 14.97%
- 1Y
- 31.74%
- 3Y*
- 21.97%
- 5Y*
- 16.12%
- 10Y*
- —
DIEM vs. LVHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 24.14% | 30.81% | 12.29% | 15.41% | -20.61% | 6.92% | 1.27% | 12.23% | -11.29% | 27.61% |
LVHI Franklin International Low Volatility High Dividend Index ETF | 14.97% | 27.12% | 14.81% | 17.45% | 3.84% | 18.19% | -8.76% | 18.35% | -5.22% | 12.26% |
Correlation
The correlation between DIEM and LVHI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2016 | 0.51 |
The correlation between DIEM and LVHI shifts across timeframes, from 0.39 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DIEM vs. LVHI — Risk / Return Rank
DIEM
LVHI
DIEM vs. LVHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) 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.
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.
| DIEM | LVHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.63 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 5.25 | -1.88 |
| Martin ratioReturn relative to average drawdown | 11.88 | 21.55 | -9.67 |
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Drawdowns
DIEM vs. LVHI - Drawdown Comparison
The maximum DIEM drawdown since its inception was -38.61%, which is greater than LVHI's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for DIEM and LVHI.
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Drawdown Indicators
| DIEM | LVHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.61% | -32.31% | -6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -6.08% | -6.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -11.99% | -4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -33.34% | -11.99% | -21.35% |
Max Drawdown (10Y)Largest decline over 10 years | -38.61% | — | — |
Current DrawdownCurrent decline from peak | -9.15% | 0.00% | -9.15% |
Average DrawdownAverage peak-to-trough decline | -9.67% | -3.49% | -6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 1.48% | +2.01% |
Volatility
DIEM vs. LVHI - Volatility Comparison
Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) has a higher volatility of 10.87% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.75%. This indicates that DIEM'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.
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Volatility by Period
| DIEM | LVHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.87% | 2.75% | +8.12% |
Volatility (6M)Calculated over the trailing 6-month period | 20.32% | 7.74% | +12.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.96% | 9.64% | +12.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.81% | 11.07% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 13.72% | +4.28% |
DIEM vs. LVHI - Expense Ratio Comparison
DIEM has a 0.19% expense ratio, which is lower than LVHI's 0.40% expense ratio.
Dividends
DIEM vs. LVHI - Dividend Comparison
DIEM's dividend yield for the trailing twelve months is around 2.99%, less than LVHI's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF | 2.99% | 2.99% | 4.92% | 4.45% | 6.31% | 4.06% | 2.75% | 5.98% | 3.87% | 2.61% | 0.35% |
LVHI Franklin International Low Volatility High Dividend Index ETF | 4.64% | 4.92% | 3.98% | 8.12% | 7.74% | 4.13% | 3.97% | 6.67% | 10.67% | 3.38% | 2.02% |
Frequently Asked Questions
DIEM and LVHI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIEM has higher volatility (10.87%) compared to LVHI (2.75%). In terms of maximum drawdown, DIEM dropped -38.61% vs LVHI's -32.31%.
On 5-year performance, LVHI leads with 16.12% vs 10.93% for DIEM. On fees, DIEM is cheaper at 0.19% per year. On volatility, LVHI has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, LVHI has performed better with a 16.12% return vs 10.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIEM is cheaper with a 0.19% expense ratio, compared with 0.40% for LVHI.
LVHI has the higher dividend yield at 4.64%, compared with 2.99% for DIEM.
DIEM is categorized as Emerging Markets Diversified, while LVHI is Volatility Hedged Equity. DIEM tracks Morningstar Emerging Markets Dividend Enhanced Select Index, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. Their fees differ too: 0.19% for DIEM and 0.40% for LVHI.
LVHI currently has the higher Sharpe Ratio (3.31 vs 1.89), 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.
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