EZPZ vs. LVHD

Last updated Jun 6, 2026

EZPZ (Franklin Crypto Index ETF) and LVHD (Legg Mason Low Volatility High Dividend ETF) are both exchange-traded funds - EZPZ is a Cryptocurrency fund tracking the CF Institutional Digital Asset Index – US-Settlement Price, while LVHD is a Volatility Hedged Equity fund tracking the QS Low Volatility High Dividend Index. Both are passively managed. Over the past year, EZPZ returned -42.21% vs 12.66% for LVHD. At a 0.10 correlation, their price movements are largely independent. EZPZ charges 0.19%/yr vs 0.27%/yr for LVHD.

Performance

EZPZ vs. LVHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Crypto Index ETF (EZPZ) and Legg Mason Low Volatility High Dividend ETF (LVHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EZPZ achieves a -34.43% return, which is significantly lower than LVHD's 8.83% return.

EZPZ

• 1D: -6.18%
• 1M: -26.82%
• YTD: -34.43%
• 6M: -36.79%
• 1Y: -42.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LVHD

• 1D: 1.47%
• 1M: 0.76%
• YTD: 8.83%
• 6M: 9.15%
• 1Y: 12.66%
• 3Y*: 9.98%
• 5Y*: 6.47%
• 10Y*: 8.20%

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

EZPZ vs. LVHD - Yearly Performance Comparison

	2026 (YTD)	2025
EZPZ Franklin Crypto Index ETF	-34.43%	-10.23%
LVHD Legg Mason Low Volatility High Dividend ETF	8.83%	2.56%

Correlation

The correlation between EZPZ and LVHD is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.10

Return for Risk

EZPZ vs. LVHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EZPZ

EZPZ Risk / Return Rank: 2
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 2
EZPZ Omega Ratio Rank: 2
EZPZ Calmar Ratio Rank: 3
EZPZ Martin Ratio Rank: 2

LVHD

LVHD Risk / Return Rank: 38
LVHD Sharpe Ratio Rank: 38
LVHD Sortino Ratio Rank: 39
LVHD Omega Ratio Rank: 35
LVHD Calmar Ratio Rank: 43
LVHD Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EZPZ vs. LVHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Crypto Index ETF (EZPZ) 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.

	EZPZ	LVHD	Difference
Sharpe ratio: Return per unit of total volatility	-0.90	1.32	-2.22
Sortino ratio: Return per unit of downside risk	-1.25	1.95	-3.21
Omega ratio: Gain probability vs. loss probability	0.86	1.23	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.76	2.06	-2.82
Martin ratio: Return relative to average drawdown	-1.37	5.20	-6.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EZPZ vs. LVHD - Sharpe Ratio Comparison

The current EZPZ Sharpe Ratio is -0.90, which is lower than the LVHD Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of EZPZ 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.

Sharpe Ratios by Period

	EZPZ	LVHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.90	1.32	-2.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	0.58	-1.28

Drawdowns

EZPZ vs. LVHD - Drawdown Comparison

The maximum EZPZ drawdown since its inception was -55.78%, which is greater than LVHD's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for EZPZ and LVHD.

Drawdown Indicators

	EZPZ	LVHD	Difference
Max Drawdown Largest peak-to-trough decline	-55.78%	-37.32%	-18.46%
Max Drawdown (1Y) Largest decline over 1 year	-55.78%	-6.17%	-49.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.29%	—
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	-55.78%	-2.96%	-52.82%
Average Drawdown Average peak-to-trough decline	-21.92%	-4.05%	-17.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.82%	2.44%	+28.38%

Volatility

EZPZ vs. LVHD - Volatility Comparison

Franklin Crypto Index ETF (EZPZ) has a higher volatility of 10.69% compared to Legg Mason Low Volatility High Dividend ETF (LVHD) at 3.23%. This indicates that EZPZ'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

	EZPZ	LVHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.69%	3.23%	+7.46%
Volatility (6M) Calculated over the trailing 6-month period	36.53%	6.76%	+29.77%
Volatility (1Y) Calculated over the trailing 1-year period	47.23%	9.61%	+37.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.86%	12.88%	+34.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.86%	15.51%	+32.35%

EZPZ vs. LVHD - Expense Ratio Comparison

EZPZ has a 0.19% 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%.

Dividends

EZPZ vs. LVHD - Dividend Comparison

EZPZ has not paid dividends to shareholders, while LVHD's dividend yield for the trailing twelve months is around 3.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EZPZ Franklin Crypto Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LVHD Legg Mason Low Volatility High Dividend ETF	3.34%	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 EZPZ and LVHD in my portfolio?

EZPZ and LVHD have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EZPZ or LVHD?

EZPZ has higher volatility (10.69%) compared to LVHD (3.23%). In terms of maximum drawdown, EZPZ dropped -55.78% vs LVHD's -37.32%.

Which ETF is better, EZPZ or LVHD?

On 1-year performance, LVHD leads with 12.66% vs -42.21% for EZPZ. On fees, EZPZ is cheaper at 0.19% per year. On volatility, LVHD has been the lower-risk option at 3.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EZPZ or LVHD?

Over the 1-year period, LVHD has performed better with a 12.66% return vs -42.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EZPZ or LVHD?

EZPZ is cheaper with a 0.19% expense ratio, compared with 0.27% for LVHD.

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

LVHD has the higher dividend yield at 3.34%, compared with 0.00% for EZPZ.

What is the main difference between EZPZ and LVHD?

EZPZ is categorized as Cryptocurrency, while LVHD is Volatility Hedged Equity. EZPZ tracks CF Institutional Digital Asset Index – US-Settlement Price, while LVHD tracks QS Low Volatility High Dividend Index. Their fees differ too: 0.19% for EZPZ and 0.27% for LVHD.

Which has better risk-adjusted returns?

LVHD currently has the higher Sharpe Ratio (1.32 vs -0.90), 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.