FGDL vs. LVHD
FGDL (Franklin Responsibly Sourced Gold ETF) and LVHD (Legg Mason Low Volatility High Dividend ETF) are both exchange-traded funds - FGDL is a Precious Metals fund tracking the LBMA Gold Price PM ($/ozt), while LVHD is a Volatility Hedged Equity fund tracking the QS Low Volatility High Dividend Index. Both are passively managed. Over the past 3 years, FGDL returned 31.32%/yr vs 9.33%/yr for LVHD. At a 0.15 correlation, their price movements are largely independent. FGDL charges 0.15%/yr vs 0.27%/yr for LVHD.
Performance
FGDL vs. LVHD - Performance Comparison
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Returns By Period
In the year-to-date period, FGDL achieves a 2.43% return, which is significantly lower than LVHD's 6.72% return.
FGDL
- 1D
- -1.09%
- 1M
- -1.94%
- YTD
- 2.43%
- 6M
- 4.89%
- 1Y
- 31.70%
- 3Y*
- 31.32%
- 5Y*
- —
- 10Y*
- —
LVHD
- 1D
- -0.14%
- 1M
- -1.27%
- YTD
- 6.72%
- 6M
- 6.51%
- 1Y
- 9.60%
- 3Y*
- 9.33%
- 5Y*
- 6.06%
- 10Y*
- 8.03%
FGDL vs. LVHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 2.43% | 64.15% | 27.31% | 12.92% | 0.91% |
LVHD Legg Mason Low Volatility High Dividend ETF | 6.72% | 7.50% | 10.18% | -0.95% | 3.46% |
Correlation
The correlation between FGDL and LVHD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.15 |
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Return for Risk
FGDL vs. LVHD — Risk / Return Rank
FGDL
LVHD
FGDL vs. LVHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) 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.
| FGDL | LVHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.56 | +0.09 |
| Martin ratioReturn relative to average drawdown | 4.03 | 3.98 | +0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGDL | LVHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.01 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.56 | +0.79 |
Drawdowns
FGDL vs. LVHD - Drawdown Comparison
The maximum FGDL drawdown since its inception was -19.23%, smaller than the maximum LVHD drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for FGDL and LVHD.
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Drawdown Indicators
| FGDL | LVHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -37.32% | +18.09% |
Max Drawdown (1Y)Largest decline over 1 year | -19.23% | -6.17% | -13.06% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -14.29% | -4.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.32% | — |
Current DrawdownCurrent decline from peak | -18.16% | -4.84% | -13.32% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -4.05% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 2.42% | +5.46% |
Volatility
FGDL vs. LVHD - Volatility Comparison
Franklin Responsibly Sourced Gold ETF (FGDL) has a higher volatility of 5.61% compared to Legg Mason Low Volatility High Dividend ETF (LVHD) at 2.86%. This indicates that FGDL'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.
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Volatility by Period
| FGDL | LVHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 2.86% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 23.18% | 6.64% | +16.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.78% | 9.52% | +17.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.03% | 12.87% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.03% | 15.50% | +3.53% |
FGDL vs. LVHD - Expense Ratio Comparison
FGDL has a 0.15% 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
FGDL vs. LVHD - Dividend Comparison
FGDL has not paid dividends to shareholders, while LVHD's dividend yield for the trailing twelve months is around 3.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold 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 | 3.40% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
Frequently Asked Questions
FGDL and LVHD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGDL has higher volatility (5.61%) compared to LVHD (2.86%). In terms of maximum drawdown, FGDL dropped -19.23% vs LVHD's -37.32%.
On 3-year performance, FGDL leads with 31.32% vs 9.33% for LVHD. On fees, FGDL is cheaper at 0.15% per year. On volatility, LVHD has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FGDL has performed better with a 31.32% return vs 9.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FGDL is cheaper with a 0.15% expense ratio, compared with 0.27% for LVHD.
LVHD has the higher dividend yield at 3.40%, compared with 0.00% for FGDL.
FGDL is categorized as Precious Metals, while LVHD is Volatility Hedged Equity. FGDL tracks LBMA Gold Price PM ($/ozt), while LVHD tracks QS Low Volatility High Dividend Index. Their fees differ too: 0.15% for FGDL and 0.27% for LVHD.
FGDL currently has the higher Sharpe Ratio (1.19 vs 1.01), 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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