FTNY vs. LVHD
FTNY (Franklin New York Municipal Income ETF) and LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) are both exchange-traded funds - FTNY is a Municipal Bonds fund actively managed by Franklin Templeton, while LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index. FTNY is actively managed, while LVHD is passively managed. Their 0.23 correlation means their historical movements had little consistent relationship. FTNY charges 0.36%/yr vs 0.27%/yr for LVHD.
Performance
FTNY vs. LVHD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTNY achieves a 1.56% return, which is significantly lower than LVHD's 13.61% return.
FTNY
- 1D
- 0.13%
- 1M
- -1.87%
- 6M
- 0.73%
- YTD
- 1.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
LVHD
- 1D
- -0.24%
- 1M
- 0.56%
- 6M
- 5.59%
- YTD
- 13.61%
- 1Y
- 14.08%
- 3Y*
- 10.49%
- 5Y*
- 7.33%
- 10Y*
- 8.26%
- ALL TIME*
- 9.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.07M | $1.35M | $1.42M | |
| $2.24M | $2.56M | $2.55M |
FTNY vs. LVHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTNY Franklin New York Municipal Income ETF | 1.56% | -0.24% |
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 13.61% | -1.31% |
Correlation
The correlation between FTNY and LVHD is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.23 |
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
FTNY vs. LVHD — Risk / Return Rank
FTNY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LVHD
FTNY vs. LVHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin New York Municipal Income ETF (FTNY) 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.
| FTNY | LVHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.29 | — |
| Martin ratioReturn relative to average drawdown | — | 5.65 | — |
Loading charts...
Drawdowns
FTNY vs. LVHD - Drawdown Comparison
The maximum FTNY drawdown since its inception was -3.08%, smaller than the maximum LVHD drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for FTNY and LVHD.
Loading charts...
Drawdown Indicators
| FTNY | LVHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.08% | -37.32% | +34.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.32% | — |
Current DrawdownCurrent decline from peak | -1.87% | -2.09% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -4.00% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.50% | — |
Volatility
FTNY vs. LVHD - Volatility Comparison
Loading charts...
Volatility by Period
| FTNY | LVHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.02% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 10.48% | -6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 13.04% | -8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.11% | 15.57% | -11.46% |
FTNY vs. LVHD - Expense Ratio Comparison
FTNY has a 0.36% expense ratio, which is higher than LVHD's 0.27% expense ratio.
Dividends
FTNY vs. LVHD - Dividend Comparison
FTNY's dividend yield for the trailing twelve months is around 3.00%, less than LVHD's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTNY Franklin New York Municipal Income ETF | 3.00% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 3.20% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
Frequently Asked Questions
FTNY and LVHD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LVHD is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LVHD is cheaper with a 0.27% expense ratio, compared with 0.36% for FTNY.
LVHD has the higher dividend yield at 3.20%, compared with 3.00% for FTNY.
FTNY is categorized as Municipal Bonds, while LVHD is Dividend. Their fees differ too: 0.36% for FTNY and 0.27% for LVHD.
Find the right allocation for FTNY and LVHD
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