FTNY vs. LVHI

Last updated Jun 6, 2026

FTNY (Franklin New York Municipal Income ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - FTNY is a Municipal Bonds 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. FTNY is actively managed, while LVHI is passively managed. At a 0.21 correlation, their price movements are largely independent. FTNY charges 0.36%/yr vs 0.40%/yr for LVHI.

Performance

FTNY vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin New York Municipal Income ETF (FTNY) 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, FTNY achieves a 2.52% return, which is significantly lower than LVHI's 11.03% return.

FTNY

• 1D: -0.13%
• 1M: 0.70%
• YTD: 2.52%
• 6M: 2.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LVHI

• 1D: -0.94%
• 1M: -1.04%
• YTD: 11.03%
• 6M: 13.12%
• 1Y: 29.65%
• 3Y*: 20.66%
• 5Y*: 15.66%
• 10Y*: —

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

FTNY vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025
FTNY Franklin New York Municipal Income ETF	2.52%	-0.24%
LVHI Franklin International Low Volatility High Dividend Index ETF	11.03%	5.55%

Correlation

The correlation between FTNY and LVHI is 0.21, 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 Oct 28, 2025	0.21

Return for Risk

FTNY vs. LVHI — Risk / Return Rank

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

LVHI

LVHI Risk / Return Rank: 90
LVHI Sharpe Ratio Rank: 91
LVHI Sortino Ratio Rank: 92
LVHI Omega Ratio Rank: 91
LVHI Calmar Ratio Rank: 87
LVHI Martin Ratio Rank: 90

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.

FTNY vs. LVHI - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	FTNY	LVHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.14	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.81	+0.14

Drawdowns

FTNY vs. LVHI - Drawdown Comparison

The maximum FTNY drawdown since its inception was -3.08%, smaller than the maximum LVHI drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for FTNY and LVHI.

Drawdown Indicators

	FTNY	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-3.08%	-32.31%	+29.23%
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	-0.13%	-2.16%	+2.03%
Average Drawdown Average peak-to-trough decline	-0.69%	-3.52%	+2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.46%	—

Volatility

Volatility by Period

	FTNY	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.01%	9.49%	-5.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.01%	11.06%	-7.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.01%	13.76%	-9.75%

FTNY vs. LVHI - Expense Ratio Comparison

FTNY has a 0.36% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

FTNY vs. LVHI - Dividend Comparison

FTNY's dividend yield for the trailing twelve months is around 2.24%, less than LVHI's 4.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTNY Franklin New York Municipal Income ETF	2.24%	0.72%	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	4.80%	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 FTNY and LVHI in my portfolio?

FTNY and LVHI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTNY or LVHI?

On fees, FTNY is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTNY or LVHI?

FTNY is cheaper with a 0.36% expense ratio, compared with 0.40% for LVHI.

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

LVHI has the higher dividend yield at 4.80%, compared with 2.24% for FTNY.

What is the main difference between FTNY and LVHI?

FTNY is categorized as Municipal Bonds, while LVHI is Volatility Hedged Equity. Their fees differ too: 0.36% for FTNY and 0.40% for LVHI.