FSML vs. LVHI
FSML (Franklin Small Cap Enhanced ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - FSML is a Small Cap Blend Equities fund actively managed by Franklin Templeton, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. FSML is actively managed, while LVHI is passively managed. At a 0.44 correlation, their price movements are largely independent. FSML charges 0.45%/yr vs 0.40%/yr for LVHI.
Performance
FSML vs. LVHI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSML achieves a 23.14% return, which is significantly higher than LVHI's 12.50% return.
FSML
- 1D
- 1.09%
- 1M
- 4.85%
- YTD
- 23.14%
- 6M
- 20.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LVHI
- 1D
- -0.05%
- 1M
- -0.36%
- YTD
- 12.50%
- 6M
- 12.59%
- 1Y
- 31.94%
- 3Y*
- 21.36%
- 5Y*
- 15.82%
- 10Y*
- —
FSML vs. LVHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FSML Franklin Small Cap Enhanced ETF | 23.14% | -3.75% |
LVHI Franklin International Low Volatility High Dividend Index ETF | 12.50% | 1.21% |
Correlation
The correlation between FSML and LVHI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.44 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSML vs. LVHI — Risk / Return Rank
FSML
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LVHI
FSML vs. LVHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Small Cap Enhanced ETF (FSML) and Franklin International Low Volatility High Dividend Index ETF (LVHI). 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.
| FSML | LVHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.64 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.28 | — |
| Martin ratioReturn relative to average drawdown | — | 21.74 | — |
Loading charts...
Drawdowns
FSML vs. LVHI - Drawdown Comparison
The maximum FSML drawdown since its inception was -10.83%, smaller than the maximum LVHI drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for FSML and LVHI.
Loading charts...
Drawdown Indicators
| FSML | LVHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.83% | -32.31% | +21.48% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.08% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.99% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.12% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -3.50% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.47% | — |
Volatility
FSML vs. LVHI - Volatility Comparison
Loading charts...
Volatility by Period
| FSML | LVHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 9.58% | +11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.63% | 11.07% | +9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.63% | 13.73% | +6.90% |
FSML vs. LVHI - Expense Ratio Comparison
FSML has a 0.45% expense ratio, which is higher than LVHI's 0.40% expense ratio.
Dividends
FSML vs. LVHI - Dividend Comparison
FSML's dividend yield for the trailing twelve months is around 0.15%, less than LVHI's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FSML Franklin Small Cap Enhanced ETF | 0.15% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LVHI Franklin International Low Volatility High Dividend Index ETF | 4.74% | 4.92% | 3.98% | 8.12% | 7.74% | 4.13% | 3.97% | 6.67% | 10.67% | 3.38% | 2.02% |
Frequently Asked Questions
FSML and LVHI have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LVHI is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LVHI is cheaper with a 0.40% expense ratio, compared with 0.45% for FSML.
LVHI has the higher dividend yield at 4.74%, compared with 0.15% for FSML.
FSML is categorized as Small Cap Blend Equities, while LVHI is Volatility Hedged Equity. Their fees differ too: 0.45% for FSML and 0.40% for LVHI.
Find the right allocation for FSML and LVHI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer