FLLV vs. HUSV

Last updated Jun 4, 2026

FLLV (Franklin Liberty U.S. Low Volatility ETF) and HUSV (First Trust Horizon Managed Volatility Domestic ETF) are both Volatility Hedged Equity funds. Both are actively managed. Over the past 5 years, FLLV returned 11.11%/yr vs 5.52%/yr for HUSV. A 0.77 correlation means they provide meaningful diversification when combined. FLLV charges 0.29%/yr vs 0.70%/yr for HUSV.

Performance

FLLV vs. HUSV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Liberty U.S. Low Volatility ETF (FLLV) and First Trust Horizon Managed Volatility Domestic ETF (HUSV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLLV achieves a 13.04% return, which is significantly higher than HUSV's 0.86% return.

FLLV

• 1D: -0.76%
• 1M: 2.34%
• YTD: 13.04%
• 6M: 14.26%
• 1Y: 26.92%
• 3Y*: 17.11%
• 5Y*: 11.11%
• 10Y*: —

HUSV

• 1D: -0.19%
• 1M: 0.13%
• YTD: 0.86%
• 6M: 0.60%
• 1Y: -1.99%
• 3Y*: 8.18%
• 5Y*: 5.52%
• 10Y*: —

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

FLLV vs. HUSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLLV Franklin Liberty U.S. Low Volatility ETF	13.04%	15.92%	10.70%	13.87%	-8.54%	23.36%	12.33%	32.72%	-2.14%	19.66%
HUSV First Trust Horizon Managed Volatility Domestic ETF	0.86%	4.96%	12.64%	3.51%	-6.31%	26.04%	5.39%	26.98%	-1.92%	16.07%

Correlation

The correlation between FLLV and HUSV is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Sep 23, 2016	0.77

The correlation between FLLV and HUSV shifts across timeframes, from 0.64 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

FLLV vs. HUSV - Sectors Allocation Comparison

Sectors	FLLV	HUSV
Technology	28.8%	23.0%
Financial Services	13.0%	15.3%
Healthcare	11.6%	7.4%
Consumer Cyclical	11.0%	7.9%
Industrials	9.6%	11.1%
Communication Services	7.8%	1.4%
Consumer Defensive	6.1%	6.3%
Energy	4.4%	2.5%
Basic Materials	2.7%	3.0%
Utilities	2.6%	12.3%
Real Estate	2.5%	9.8%

Return for Risk

FLLV vs. HUSV — Risk / Return Rank

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

FLLV

FLLV Risk / Return Rank: 91
FLLV Sharpe Ratio Rank: 91
FLLV Sortino Ratio Rank: 93
FLLV Omega Ratio Rank: 91
FLLV Calmar Ratio Rank: 90
FLLV Martin Ratio Rank: 90

HUSV

HUSV Risk / Return Rank: 6
HUSV Sharpe Ratio Rank: 7
HUSV Sortino Ratio Rank: 6
HUSV Omega Ratio Rank: 6
HUSV Calmar Ratio Rank: 6
HUSV Martin Ratio Rank: 6

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.

FLLV vs. HUSV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty U.S. Low Volatility ETF (FLLV) and First Trust Horizon Managed Volatility Domestic ETF (HUSV). 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.

	FLLV	HUSV	Difference
Sharpe ratio Return per unit of total volatility	3.26	-0.22	+3.48
Sortino ratio Return per unit of downside risk	4.73	-0.25	+4.98
Omega ratio Gain probability vs. loss probability	1.61	0.97	+0.63
Calmar ratio Return relative to maximum drawdown	5.52	-0.29	+5.81
Martin ratio Return relative to average drawdown	20.83	-0.71	+21.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLLV vs. HUSV - Sharpe Ratio Comparison

The current FLLV Sharpe Ratio is 3.26, which is higher than the HUSV Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of FLLV and HUSV, 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

	FLLV	HUSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.26	-0.22	+3.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.46	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.59	+0.24

Drawdowns

FLLV vs. HUSV - Drawdown Comparison

The maximum FLLV drawdown since its inception was -33.95%, roughly equal to the maximum HUSV drawdown of -35.72%. Use the drawdown chart below to compare losses from any high point for FLLV and HUSV.

Drawdown Indicators

	FLLV	HUSV	Difference
Max Drawdown Largest peak-to-trough decline	-33.95%	-35.72%	+1.77%
Max Drawdown (1Y) Largest decline over 1 year	-4.90%	-6.78%	+1.88%
Max Drawdown (3Y) Largest decline over 3 years	-14.01%	-9.35%	-4.66%
Max Drawdown (5Y) Largest decline over 5 years	-18.40%	-17.00%	-1.40%
Current Drawdown Current decline from peak	-0.76%	-3.95%	+3.19%
Average Drawdown Average peak-to-trough decline	-3.25%	-3.61%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.30%	2.80%	-1.50%

Volatility

FLLV vs. HUSV - Volatility Comparison

The current volatility for Franklin Liberty U.S. Low Volatility ETF (FLLV) is 2.02%, while First Trust Horizon Managed Volatility Domestic ETF (HUSV) has a volatility of 2.36%. This indicates that FLLV experiences smaller price fluctuations and is considered to be less risky than HUSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLLV	HUSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.02%	2.36%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	5.96%	6.30%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	8.32%	9.07%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	12.02%	+1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	14.49%	+1.20%

FLLV vs. HUSV - Expense Ratio Comparison

FLLV has a 0.29% expense ratio, which is lower than HUSV's 0.70% expense ratio.

Dividends

FLLV vs. HUSV - Dividend Comparison

FLLV's dividend yield for the trailing twelve months is around 4.73%, more than HUSV's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FLLV Franklin Liberty U.S. Low Volatility ETF	4.73%	4.71%	3.25%	1.75%	1.68%	1.41%	1.40%	1.31%	1.55%	1.44%	0.50%
HUSV First Trust Horizon Managed Volatility Domestic ETF	1.37%	1.38%	1.14%	1.80%	1.68%	1.35%	1.29%	1.36%	1.48%	1.31%	0.35%

Frequently Asked Questions

Can I hold both FLLV and HUSV in my portfolio?

FLLV and HUSV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLLV or HUSV?

HUSV has higher volatility (2.36%) compared to FLLV (2.02%). In terms of maximum drawdown, FLLV dropped -33.95% vs HUSV's -35.72%.

Which ETF is better, FLLV or HUSV?

On 5-year performance, FLLV leads with 11.11% vs 5.52% for HUSV. On fees, FLLV is cheaper at 0.29% per year. On volatility, FLLV has been the lower-risk option at 2.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLLV or HUSV?

Over the 5-year period, FLLV has performed better with a 11.11% return vs 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLLV or HUSV?

FLLV is cheaper with a 0.29% expense ratio, compared with 0.70% for HUSV.

Which ETF pays a higher dividend yield, FLLV or HUSV?

FLLV has the higher dividend yield at 4.73%, compared with 1.37% for HUSV.

What is the main difference between FLLV and HUSV?

They also come from different issuers: Franklin Templeton and First Trust. Their fees differ too: 0.29% for FLLV and 0.70% for HUSV.

Which has better risk-adjusted returns?

FLLV currently has the higher Sharpe Ratio (3.26 vs -0.22), 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.