Correlation
The correlation between EIVPX and LVHD is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
EIVPX vs. LVHD
Compare and contrast key facts about Parametric Volatility Risk Premium - Defensive Fund (EIVPX) and Legg Mason Low Volatility High Dividend ETF (LVHD).
EIVPX is managed by Eaton Vance. It was launched on Feb 8, 2017. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIVPX or LVHD.
Performance
EIVPX vs. LVHD - Performance Comparison
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Key characteristics
EIVPX:
0.73
LVHD:
1.24
EIVPX:
1.04
LVHD:
1.73
EIVPX:
1.18
LVHD:
1.23
EIVPX:
0.69
LVHD:
1.80
EIVPX:
3.07
LVHD:
5.31
EIVPX:
2.88%
LVHD:
3.03%
EIVPX:
12.75%
LVHD:
13.14%
EIVPX:
-26.67%
LVHD:
-37.32%
EIVPX:
-2.14%
LVHD:
-2.37%
Returns By Period
In the year-to-date period, EIVPX achieves a 0.91% return, which is significantly lower than LVHD's 4.57% return.
EIVPX
0.91%
2.98%
-0.16%
9.22%
6.65%
8.76%
N/A
LVHD
4.57%
0.77%
-1.87%
16.19%
3.93%
10.45%
N/A
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EIVPX vs. LVHD - Expense Ratio Comparison
EIVPX has a 0.47% expense ratio, which is higher than LVHD's 0.27% expense ratio.
Risk-Adjusted Performance
EIVPX vs. LVHD — Risk-Adjusted Performance Rank
EIVPX
LVHD
EIVPX vs. LVHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Parametric Volatility Risk Premium - Defensive Fund (EIVPX) 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.
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Dividends
EIVPX vs. LVHD - Dividend Comparison
EIVPX's dividend yield for the trailing twelve months is around 2.65%, less than LVHD's 3.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIVPX Parametric Volatility Risk Premium - Defensive Fund | 2.65% | 2.67% | 5.10% | 7.95% | 1.22% | 0.75% | 1.23% | 1.24% | 0.53% | 0.00% |
LVHD Legg Mason Low Volatility High Dividend ETF | 3.53% | 4.24% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
Drawdowns
EIVPX vs. LVHD - Drawdown Comparison
The maximum EIVPX drawdown since its inception was -26.67%, smaller than the maximum LVHD drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for EIVPX and LVHD.
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Volatility
EIVPX vs. LVHD - Volatility Comparison
The current volatility for Parametric Volatility Risk Premium - Defensive Fund (EIVPX) is 1.85%, while Legg Mason Low Volatility High Dividend ETF (LVHD) has a volatility of 3.81%. This indicates that EIVPX 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.
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