FLMB vs. LVHD
Compare and contrast key facts about Franklin Liberty Federal Tax-Free Bond ETF (FLMB) and Legg Mason Low Volatility High Dividend ETF (LVHD).
FLMB and LVHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLMB is an actively managed fund by Franklin Templeton. It was launched on Aug 31, 2017. 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
FLMB vs. LVHD - Performance Comparison
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FLMB vs. LVHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLMB Franklin Liberty Federal Tax-Free Bond ETF | 0.17% | 3.93% | 2.47% | 7.72% | -12.16% | 0.80% | 7.39% | 8.90% | 0.43% | 0.63% |
LVHD Legg Mason Low Volatility High Dividend ETF | 6.73% | 7.50% | 10.18% | -0.95% | -1.82% | 26.90% | -1.28% | 22.91% | -5.58% | 6.53% |
Returns By Period
In the year-to-date period, FLMB achieves a 0.17% return, which is significantly lower than LVHD's 6.73% return.
FLMB
- 1D
- 0.43%
- 1M
- -1.68%
- YTD
- 0.17%
- 6M
- 1.88%
- 1Y
- 4.39%
- 3Y*
- 3.56%
- 5Y*
- 0.61%
- 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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FLMB vs. LVHD - Expense Ratio Comparison
FLMB has a 0.30% expense ratio, which is higher than LVHD's 0.27% expense ratio.
Return for Risk
FLMB vs. LVHD — Risk / Return Rank
FLMB
LVHD
FLMB vs. LVHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) 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.
| FLMB | LVHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.63 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.07 | 0.95 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.13 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.85 | +0.17 |
Martin ratioReturn relative to average drawdown | 2.66 | 3.03 | -0.37 |
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
| FLMB | LVHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.63 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.59 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.57 | -0.18 |
Correlation
The correlation between FLMB and LVHD is 0.07, 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
FLMB vs. LVHD - Dividend Comparison
FLMB's dividend yield for the trailing twelve months is around 3.64%, more than LVHD's 3.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLMB Franklin Liberty Federal Tax-Free Bond ETF | 3.64% | 3.86% | 3.79% | 3.49% | 2.80% | 1.66% | 2.07% | 2.40% | 2.68% | 0.54% | 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
FLMB vs. LVHD - Drawdown Comparison
The maximum FLMB drawdown since its inception was -17.90%, smaller than the maximum LVHD drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for FLMB and LVHD.
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Drawdown Indicators
| FLMB | LVHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -37.32% | +19.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -8.38% | +3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | -16.75% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.32% | — |
Current DrawdownCurrent decline from peak | -2.14% | -4.83% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -4.05% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.39% | -0.56% |
Volatility
FLMB vs. LVHD - Volatility Comparison
The current volatility for Franklin Liberty Federal Tax-Free Bond ETF (FLMB) is 1.62%, while Legg Mason Low Volatility High Dividend ETF (LVHD) has a volatility of 2.77%. This indicates that FLMB 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
| FLMB | LVHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 2.77% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 6.49% | -4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 11.99% | -6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 12.87% | -7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.61% | 15.49% | -9.88% |