FLCB vs. LVHD
FLCB (Franklin U.S. Core Bond ETF) and LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) are both exchange-traded funds - FLCB is a Intermediate Core Bond fund actively managed by Franklin Templeton, while LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index. FLCB is actively managed, while LVHD is passively managed. Over the past 5 years, FLCB returned -0.05%/yr vs 7.44%/yr for LVHD. At a 0.16 correlation, their price movements are largely independent. FLCB charges 0.15%/yr vs 0.27%/yr for LVHD.
Performance
FLCB vs. LVHD - Performance Comparison
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Returns By Period
In the year-to-date period, FLCB achieves a 0.50% return, which is significantly lower than LVHD's 10.55% return.
FLCB
- 1D
- 0.09%
- 1M
- 0.68%
- YTD
- 0.50%
- 6M
- 0.64%
- 1Y
- 4.34%
- 3Y*
- 4.00%
- 5Y*
- -0.05%
- 10Y*
- —
LVHD
- 1D
- 1.56%
- 1M
- 1.00%
- YTD
- 10.55%
- 6M
- 10.56%
- 1Y
- 13.38%
- 3Y*
- 10.78%
- 5Y*
- 7.44%
- 10Y*
- 8.35%
FLCB vs. LVHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLCB Franklin U.S. Core Bond ETF | 0.50% | 6.95% | 1.59% | 5.72% | -13.54% | -1.73% | 7.66% | 0.65% |
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 10.55% | 7.50% | 10.18% | -0.95% | -1.82% | 26.90% | -1.28% | 3.44% |
Correlation
The correlation between FLCB and LVHD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.16 |
The correlation between FLCB and LVHD shifts across timeframes, from 0.16 (all time) to 0.30 (3 years), reflecting how their relationship changes across market environments.
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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 Franklin U.S. Low Volatility High Dividend Index 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.
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.
| FLCB | LVHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.18 | -0.65 |
| Martin ratioReturn relative to average drawdown | 4.38 | 5.41 | -1.03 |
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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 | -2.85% | -6.17% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.16% | -14.29% | +8.13% |
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 | -2.13% | -1.43% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -4.04% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.48% | -1.49% |
Volatility
FLCB vs. LVHD - Volatility Comparison
The current volatility for Franklin U.S. Core Bond ETF (FLCB) is 1.01%, while Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) has a volatility of 4.05%. 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 | 1.01% | 4.05% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 7.26% | -4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 9.98% | -6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 12.91% | -7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 15.53% | -10.04% |
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%.
Dividends
FLCB vs. LVHD - Dividend Comparison
FLCB's dividend yield for the trailing twelve months is around 4.29%, more than LVHD's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLCB Franklin U.S. Core Bond ETF | 4.29% | 4.19% | 4.10% | 3.40% | 2.73% | 2.28% | 3.24% | 0.73% | 0.00% | 0.00% | 0.00% |
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 3.29% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
Frequently Asked Questions
FLCB and LVHD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LVHD has higher volatility (4.05%) compared to FLCB (1.01%). In terms of maximum drawdown, FLCB dropped -18.82% vs LVHD's -37.32%.
On 5-year performance, LVHD leads with 7.44% vs -0.05% for FLCB. On fees, FLCB is cheaper at 0.15% per year. On volatility, FLCB has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, LVHD has performed better with a 7.44% return vs -0.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLCB is cheaper with a 0.15% expense ratio, compared with 0.27% for LVHD.
FLCB has the higher dividend yield at 4.29%, compared with 3.29% for LVHD.
FLCB is categorized as Intermediate Core Bond, while LVHD is Dividend. Their fees differ too: 0.15% for FLCB and 0.27% for LVHD.
LVHD currently has the higher Sharpe Ratio (1.35 vs 1.15), 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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