FTNJ vs. LVHI

Last updated Jul 14, 2026

FTNJ (Franklin New Jersey Municipal Income ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - FTNJ is a Municipal Bonds fund tracking the Actively Managed, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. At a 0.12 correlation, their price movements are largely independent. FTNJ charges 0.35%/yr vs 0.40%/yr for LVHI.

Performance

FTNJ vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin New Jersey Municipal Income ETF (FTNJ) and Franklin International Low Volatility High Dividend Index ETF (LVHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTNJ achieves a 2.10% return, which is significantly lower than LVHI's 14.97% return.

FTNJ

• 1D: -0.11%
• 1M: 0.24%
• 6M: 1.75%
• YTD: 2.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LVHI

• 1D: 0.44%
• 1M: 1.05%
• 6M: 12.76%
• YTD: 14.97%
• 1Y: 31.74%
• 3Y*: 21.97%
• 5Y*: 16.12%
• 10Y*: —

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

FTNJ vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025
FTNJ Franklin New Jersey Municipal Income ETF	2.10%	0.34%
LVHI Franklin International Low Volatility High Dividend Index ETF	14.97%	4.64%

Correlation

The correlation between FTNJ and LVHI is 0.12, 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 Nov 10, 2025	0.12

Return for Risk

FTNJ vs. LVHI — Risk / Return Rank

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

FTNJ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

LVHI

LVHI Risk / Return Rank: 95
LVHI Sharpe Ratio Rank: 96
LVHI Sortino Ratio Rank: 96
LVHI Omega Ratio Rank: 96
LVHI Calmar Ratio Rank: 93
LVHI Martin Ratio Rank: 94

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.

FTNJ vs. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin New Jersey Municipal Income ETF (FTNJ) 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.

	FTNJ	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	—	3.31	—
Sortino ratio: Return per unit of downside risk	—	4.58	—
Omega ratio: Gain probability vs. loss probability	—	1.63	—
Calmar ratio: Return relative to maximum drawdown	—	5.25	—
Martin ratio: Return relative to average drawdown	—	21.55	—

Drawdowns

FTNJ vs. LVHI - Drawdown Comparison

The maximum FTNJ drawdown since its inception was -2.72%, smaller than the maximum LVHI drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for FTNJ and LVHI.

Drawdown Indicators

	FTNJ	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-2.72%	-32.31%	+29.59%
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 Drawdown Current decline from peak	-0.45%	0.00%	-0.45%
Average Drawdown Average peak-to-trough decline	-0.53%	-3.49%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.48%	—

Volatility

Volatility by Period

	FTNJ	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.19%	9.64%	-6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.19%	11.07%	-7.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.19%	13.72%	-10.53%

FTNJ vs. LVHI - Expense Ratio Comparison

FTNJ has a 0.35% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

FTNJ vs. LVHI - Dividend Comparison

FTNJ's dividend yield for the trailing twelve months is around 2.27%, less than LVHI's 4.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTNJ Franklin New Jersey Municipal Income ETF	2.27%	0.54%	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	4.64%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%

Frequently Asked Questions

Can I hold both FTNJ and LVHI in my portfolio?

FTNJ and LVHI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTNJ or LVHI?

On fees, FTNJ is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTNJ or LVHI?

FTNJ is cheaper with a 0.35% expense ratio, compared with 0.40% for LVHI.

Which ETF pays a higher dividend yield, FTNJ or LVHI?

LVHI has the higher dividend yield at 4.64%, compared with 2.27% for FTNJ.

What is the main difference between FTNJ and LVHI?

FTNJ is categorized as Municipal Bonds, while LVHI is Volatility Hedged Equity. FTNJ tracks Actively Managed, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. Their fees differ too: 0.35% for FTNJ and 0.40% for LVHI.