FLCB vs. LVHD
Compare and contrast key facts about Franklin U.S. Core Bond ETF (FLCB) and Legg Mason Low Volatility High Dividend ETF (LVHD).
FLCB and LVHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLCB is an actively managed fund by Franklin Templeton. It was launched on Sep 19, 2019. 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.
Performance
FLCB vs. LVHD - Performance Comparison
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FLCB vs. LVHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLCB Franklin U.S. Core Bond ETF | 0.08% | 6.95% | 1.59% | 5.72% | -13.54% | -1.73% | 7.66% | 0.75% |
LVHD Legg Mason Low Volatility High Dividend ETF | 6.73% | 7.50% | 10.18% | -0.95% | -1.82% | 26.90% | -1.28% | 3.47% |
Returns By Period
In the year-to-date period, FLCB achieves a 0.08% return, which is significantly lower than LVHD's 6.73% return.
FLCB
- 1D
- 0.03%
- 1M
- -1.39%
- YTD
- 0.08%
- 6M
- 0.76%
- 1Y
- 4.00%
- 3Y*
- 3.67%
- 5Y*
- 0.11%
- 10Y*
- —
LVHD
- 1D
- -0.18%
- 1M
- -4.83%
- YTD
- 6.73%
- 6M
- 5.06%
- 1Y
- 7.56%
- 3Y*
- 8.47%
- 5Y*
- 7.55%
- 10Y*
- 8.18%
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FLCB vs. LVHD - Expense Ratio Comparison
FLCB 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%.
Return for Risk
FLCB vs. LVHD — Risk / Return Rank
FLCB
LVHD
FLCB vs. LVHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Bond ETF (FLCB) 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.
| FLCB | LVHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.63 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.32 | 0.95 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.13 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 0.85 | +0.81 |
Martin ratioReturn relative to average drawdown | 4.63 | 3.03 | +1.60 |
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
| FLCB | LVHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.63 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.59 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.57 | -0.41 |
Correlation
The correlation between FLCB and LVHD is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FLCB vs. LVHD - Dividend Comparison
FLCB's dividend yield for the trailing twelve months is around 4.23%, more than LVHD's 3.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLCB Franklin U.S. Core Bond ETF | 4.23% | 4.19% | 4.10% | 3.40% | 2.73% | 2.28% | 3.24% | 0.73% | 0.00% | 0.00% | 0.00% |
LVHD Legg Mason Low Volatility High Dividend ETF | 3.20% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
Drawdowns
FLCB vs. LVHD - Drawdown Comparison
The maximum FLCB drawdown since its inception was -18.82%, smaller than the maximum LVHD drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for FLCB and LVHD.
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Drawdown Indicators
| FLCB | LVHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -37.32% | +18.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -8.38% | +5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -16.75% | -1.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.32% | — |
Current DrawdownCurrent decline from peak | -2.54% | -4.83% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -4.05% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 2.39% | -1.46% |
Volatility
FLCB vs. LVHD - Volatility Comparison
The current volatility for Franklin U.S. Core Bond ETF (FLCB) is 1.71%, while Legg Mason Low Volatility High Dividend ETF (LVHD) has a volatility of 2.77%. This indicates that FLCB 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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Volatility by Period
| FLCB | LVHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 2.77% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 6.49% | -3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 11.99% | -7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.72% | 12.87% | -7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 15.49% | -9.95% |