IUVF.L vs. LVHI

Last updated Jun 26, 2026

IUVF.L (iShares Edge MSCI USA Value Factor UCITS) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - IUVF.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, 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, IUVF.L returned 17.94%/yr vs 17.01%/yr for LVHI. At a 0.42 correlation, their price movements are largely independent. IUVF.L charges 0.20%/yr vs 0.40%/yr for LVHI.

Performance

IUVF.L vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI USA Value Factor UCITS (IUVF.L) and Franklin International Low Volatility High Dividend Index ETF (LVHI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IUVF.L is traded in GBp, while LVHI is traded in USD. To make them comparable, the LVHI values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUVF.L achieves a 51.81% return, which is significantly higher than LVHI's 14.91% return.

IUVF.L

• 1D: 3.08%
• 1M: 7.69%
• YTD: 51.81%
• 6M: 53.43%
• 1Y: 92.12%
• 3Y*: 31.75%
• 5Y*: 17.94%
• 10Y*: —

LVHI

• 1D: 0.12%
• 1M: 1.38%
• YTD: 14.91%
• 6M: 15.47%
• 1Y: 37.48%
• 3Y*: 20.02%
• 5Y*: 17.01%
• 10Y*: —

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

IUVF.L vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUVF.L iShares Edge MSCI USA Value Factor UCITS	51.81%	23.92%	8.23%	8.28%	-4.63%	31.29%	-4.75%	22.11%	-7.17%	10.45%
LVHI Franklin International Low Volatility High Dividend Index ETF	14.91%	18.06%	16.82%	11.58%	16.19%	19.31%	-11.44%	13.84%	0.40%	2.56%

Correlation

The correlation between IUVF.L and LVHI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Oct 17, 2016	0.42

Over the past year, the correlation between IUVF.L and LVHI has dropped to 0.19 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

IUVF.L vs. LVHI - Sectors Allocation Comparison

Sectors	IUVF.L	LVHI
Technology	42.5%	0.1%
Consumer Cyclical	10.5%	5.5%
Financial Services	9.8%	24.1%
Communication Services	9.6%	5.8%
Industrials	7.7%	13.4%
Healthcare	7.6%	7.4%
Consumer Defensive	4.3%	8.6%
Energy	3.0%	16.6%
Utilities	1.9%	10.0%
Real Estate	1.8%	1.8%
Basic Materials	1.4%	6.8%

Return for Risk

IUVF.L vs. LVHI — Risk / Return Rank

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

IUVF.L

IUVF.L Risk / Return Rank: 98
IUVF.L Sharpe Ratio Rank: 99
IUVF.L Sortino Ratio Rank: 98
IUVF.L Omega Ratio Rank: 98
IUVF.L Calmar Ratio Rank: 99
IUVF.L Martin Ratio Rank: 98

LVHI

LVHI Risk / Return Rank: 95
LVHI Sharpe Ratio Rank: 96
LVHI Sortino Ratio Rank: 95
LVHI Omega Ratio Rank: 95
LVHI Calmar Ratio Rank: 92
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.

IUVF.L vs. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS (IUVF.L) 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.

	IUVF.L	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	5.56	3.65	+1.91
Sortino ratio: Return per unit of downside risk	7.15	4.96	+2.19
Omega ratio: Gain probability vs. loss probability	1.97	1.67	+0.30
Calmar ratio: Return relative to maximum drawdown	16.04	7.39	+8.66
Martin ratio: Return relative to average drawdown	57.55	24.78	+32.77

IUVF.L vs. LVHI - Sharpe Ratio Comparison

The current IUVF.L Sharpe Ratio is 5.56, which is higher than the LVHI Sharpe Ratio of 3.65. The chart below compares the historical Sharpe Ratios of IUVF.L 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.

Drawdowns

IUVF.L vs. LVHI - Drawdown Comparison

The maximum IUVF.L drawdown since its inception was -31.83%, which is greater than LVHI's maximum drawdown of -28.96%. Use the drawdown chart below to compare losses from any high point for IUVF.L and LVHI.

Drawdown Indicators

	IUVF.L	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-31.83%	-28.96%	-2.87%
Max Drawdown (1Y) Largest decline over 1 year	-5.71%	-5.10%	-0.61%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-11.41%	-8.72%
Max Drawdown (5Y) Largest decline over 5 years	-20.13%	-11.41%	-8.72%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.50%	-4.50%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.52%	+0.08%

Volatility

IUVF.L vs. LVHI - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a higher volatility of 7.25% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.32%. This indicates that IUVF.L'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.

Volatility by Period

	IUVF.L	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	2.32%	+4.93%
Volatility (6M) Calculated over the trailing 6-month period	13.68%	7.98%	+5.70%
Volatility (1Y) Calculated over the trailing 1-year period	16.48%	10.38%	+6.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	11.77%	+4.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	15.12%	+2.88%

IUVF.L vs. LVHI - Expense Ratio Comparison

IUVF.L has a 0.20% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

IUVF.L vs. LVHI - Dividend Comparison

IUVF.L has not paid dividends to shareholders, while LVHI's dividend yield for the trailing twelve months is around 4.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IUVF.L iShares Edge MSCI USA Value Factor UCITS	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	4.74%	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 IUVF.L and LVHI in my portfolio?

IUVF.L and LVHI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUVF.L or LVHI?

On fees, IUVF.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUVF.L or LVHI?

IUVF.L is cheaper with a 0.20% expense ratio, compared with 0.40% for LVHI.

What is the main difference between IUVF.L and LVHI?

IUVF.L is categorized as Large Cap Value Equities, while LVHI is Volatility Hedged Equity. IUVF.L tracks Russell 1000 Value TR USD, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.20% for IUVF.L and 0.40% for LVHI.