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HXQ.TO vs. LVHI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXQ.TO vs. LVHI

Last updated Jun 9, 2026

HXQ.TO (Horizons NASDAQ-100 Index ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, HXQ.TO returned 20.09%/yr vs 18.97%/yr for LVHI. At a 0.31 correlation, their price movements are largely independent. HXQ.TO charges 0.25%/yr vs 0.40%/yr for LVHI.

Performance

HXQ.TO vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Horizons NASDAQ-100 Index ETF (HXQ.TO) and Franklin International Low Volatility High Dividend Index ETF (LVHI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HXQ.TO is traded in CAD, while LVHI is traded in USD. To make them comparable, the LVHI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HXQ.TO achieves a 18.52% return, which is significantly higher than LVHI's 13.44% return.

HXQ.TO

1D
1.44%
1M
2.69%
YTD
18.52%
6M
15.98%
1Y
38.04%
3Y*
28.80%
5Y*
20.09%
10Y*
22.16%

LVHI

1D
0.62%
1M
2.83%
YTD
13.44%
6M
14.41%
1Y
31.85%
3Y*
22.69%
5Y*
18.97%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXQ.TO vs. LVHI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXQ.TO
Horizons NASDAQ-100 Index ETF		18.52%15.05%35.98%51.16%-27.84%26.20%45.58%32.26%6.71%23.12%
LVHI
Franklin International Low Volatility High Dividend Index ETF		13.48%21.32%24.53%14.66%10.42%18.13%-10.92%13.47%2.75%4.66%

Correlation

The correlation between HXQ.TO and LVHI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Jul 29, 2016

0.31

HXQ.TO vs. LVHI - Sectors Allocation Comparison

Sectors
HXQ.TO
LVHI

Technology

55.9%
0.1%

Communication Services

15.8%
5.8%

Consumer Cyclical

13.2%
5.3%

Healthcare

4.4%
7.4%

Consumer Defensive

4.4%
8.7%

Industrials

3.1%
13.4%

Utilities

1.4%
10.4%

Basic Materials

1.0%
6.1%

Energy

0.5%
17.4%

Financial Services

0.3%
23.6%

Real Estate

0.2%
1.9%

Technology

HXQ.TO
55.9%
LVHI
0.1%

Communication Services

HXQ.TO
15.8%
LVHI
5.8%

Consumer Cyclical

HXQ.TO
13.2%
LVHI
5.3%

Healthcare

HXQ.TO
4.4%
LVHI
7.4%

Consumer Defensive

HXQ.TO
4.4%
LVHI
8.7%

Industrials

HXQ.TO
3.1%
LVHI
13.4%

Utilities

HXQ.TO
1.4%
LVHI
10.4%

Basic Materials

HXQ.TO
1.0%
LVHI
6.1%

Energy

HXQ.TO
0.5%
LVHI
17.4%

Financial Services

HXQ.TO
0.3%
LVHI
23.6%

Real Estate

HXQ.TO
0.2%
LVHI
1.9%

Compare stocks, funds, or ETFs

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Horizons NASDAQ-100 Index ETF

Franklin International Low Volatility High Dividend Index ETF

Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO
Often compared with LVHI:
LVHI vs. SCHDLVHI vs. IDVLVHI vs. DIVILVHI vs. VYMILVHI vs. VOOLVHI vs. SPYLVHI vs. VFQY

Return for Risk

HXQ.TO vs. LVHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXQ.TO
HXQ.TO Risk / Return Rank: 7373
Overall Rank
HXQ.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 7979
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 6161
Martin Ratio Rank
LVHI
LVHI Risk / Return Rank: 9292
Overall Rank
LVHI Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
LVHI Sortino Ratio Rank: 9393
Sortino Ratio Rank
LVHI Omega Ratio Rank: 9393
Omega Ratio Rank
LVHI Calmar Ratio Rank: 8989
Calmar Ratio Rank
LVHI Martin Ratio Rank: 9191
Martin Ratio Rank
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.

HXQ.TO vs. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.TO) 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.

HXQ.TOLVHIDifference
Sharpe ratioReturn per unit of total volatility
2.35
3.09

-0.74

Sortino ratioReturn per unit of downside risk
3.03
4.34

-1.31

Omega ratioGain probability vs. loss probability

1.42

1.55

-0.13

Calmar ratioReturn relative to maximum drawdown

3.08

5.65

-2.57

Martin ratioReturn relative to average drawdown

9.84

19.22

-9.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HXQ.TO vs. LVHI - Sharpe Ratio Comparison

The current HXQ.TO Sharpe Ratio is 2.35, which is comparable to the LVHI Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of HXQ.TO and LVHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HXQ.TOLVHIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.35

3.09

-0.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

1.48

-0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.07

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.06

0.77

+0.28

Drawdowns

HXQ.TO vs. LVHI - Drawdown Comparison

The maximum HXQ.TO drawdown since its inception was -31.60%, which is greater than LVHI's maximum drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and LVHI.

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Drawdown Indicators

HXQ.TOLVHIDifference

Max Drawdown

Largest peak-to-trough decline

-31.60%

-29.52%

-2.08%

Max Drawdown (1Y)

Largest decline over 1 year

-12.43%

-5.66%

-6.77%

Max Drawdown (3Y)

Largest decline over 3 years

-22.58%

-12.48%

-10.10%

Max Drawdown (5Y)

Largest decline over 5 years

-31.60%

-12.48%

-19.12%

Max Drawdown (10Y)

Largest decline over 10 years

-31.60%

—

—

Current Drawdown

Current decline from peak

-3.52%

-0.53%

-2.99%

Average Drawdown

Average peak-to-trough decline

-5.75%

-4.54%

-1.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.88%

1.66%

+2.22%

Volatility

HXQ.TO vs. LVHI - Volatility Comparison

Horizons NASDAQ-100 Index ETF (HXQ.TO) has a higher volatility of 6.67% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.66%. This indicates that HXQ.TO's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXQ.TOLVHIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.67%

2.66%

+4.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.75%

8.42%

+4.33%

Volatility (1Y)

Calculated over the trailing 1-year period

16.27%

10.37%

+5.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.85%

12.84%

+8.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.89%

15.36%

+5.53%

HXQ.TO vs. LVHI - Expense Ratio Comparison

HXQ.TO has a 0.25% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

HXQ.TO vs. LVHI - Dividend Comparison

HXQ.TO has not paid dividends to shareholders, while LVHI's dividend yield for the trailing twelve months is around 4.79%.

PositionTTM2025202420232022202120202019201820172016
HXQ.TO
Horizons NASDAQ-100 Index ETF		0.00%0.00%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		4.79%4.92%3.98%8.12%7.74%4.13%3.97%6.67%10.67%3.38%2.02%

Frequently Asked Questions

HXQ.TO and LVHI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HXQ.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HXQ.TO is cheaper with a 0.25% expense ratio, compared with 0.40% for LVHI.

HXQ.TO is categorized as Nasdaq-100, while LVHI is Volatility Hedged Equity. HXQ.TO tracks NASDAQ-100 Index, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: Horizons and Franklin Templeton. Their fees differ too: 0.25% for HXQ.TO and 0.40% for LVHI.

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