LVHD vs. ALTY
LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) and ALTY (Global X Alternative Income ETF) are both exchange-traded funds - LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index, while ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index. Both are passively managed. Over the past 10 years, LVHD returned 8.35%/yr vs 6.15%/yr for ALTY. A 0.59 correlation means they provide meaningful diversification when combined. LVHD charges 0.27%/yr vs 0.50%/yr for ALTY.
Performance
LVHD vs. ALTY - Performance Comparison
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Returns By Period
In the year-to-date period, LVHD achieves a 10.55% return, which is significantly higher than ALTY's 6.45% return. Over the past 10 years, LVHD has outperformed ALTY with an annualized return of 8.35%, while ALTY has yielded a comparatively lower 6.15% annualized return.
LVHD
- 1D
- 1.56%
- 1M
- 1.00%
- YTD
- 10.55%
- 6M
- 10.56%
- 1Y
- 13.38%
- 3Y*
- 10.78%
- 5Y*
- 7.44%
- 10Y*
- 8.35%
ALTY
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 6.45%
- 6M
- 6.36%
- 1Y
- 14.94%
- 3Y*
- 11.73%
- 5Y*
- 5.49%
- 10Y*
- 6.15%
LVHD vs. ALTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 10.55% | 7.50% | 10.18% | -0.95% | -1.82% | 26.90% | -1.28% | 22.91% | -5.58% | 14.25% |
ALTY Global X Alternative Income ETF | 6.45% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 10.82% |
Correlation
The correlation between LVHD and ALTY is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2015 | 0.59 |
The correlation between LVHD and ALTY has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.
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Return for Risk
LVHD vs. ALTY — Risk / Return Rank
LVHD
ALTY
LVHD vs. ALTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) and Global X Alternative Income ETF (ALTY). 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.
| LVHD | ALTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.50 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.46 | -1.28 |
| Martin ratioReturn relative to average drawdown | 5.41 | 15.92 | -10.51 |
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Drawdowns
LVHD vs. ALTY - Drawdown Comparison
The maximum LVHD drawdown since its inception was -37.32%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for LVHD and ALTY.
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Drawdown Indicators
| LVHD | ALTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -51.47% | +14.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -4.34% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -10.08% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.75% | -18.48% | +1.73% |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | -51.47% | +14.15% |
Current DrawdownCurrent decline from peak | -1.43% | -0.32% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -6.71% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 0.94% | +1.54% |
Volatility
LVHD vs. ALTY - Volatility Comparison
Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) has a higher volatility of 4.05% compared to Global X Alternative Income ETF (ALTY) at 1.56%. This indicates that LVHD's price experiences larger fluctuations and is considered to be riskier than ALTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LVHD | ALTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 1.56% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 4.54% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.98% | 5.90% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 10.57% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 16.55% | -1.02% |
LVHD vs. ALTY - Expense Ratio Comparison
LVHD has a 0.27% expense ratio, which is lower than ALTY's 0.50% expense ratio.
Dividends
LVHD vs. ALTY - Dividend Comparison
LVHD's dividend yield for the trailing twelve months is around 3.29%, less than ALTY's 7.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.46% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 3.29% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% | 0.00% |
Frequently Asked Questions
LVHD and ALTY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LVHD has higher volatility (4.05%) compared to ALTY (1.56%). In terms of maximum drawdown, LVHD dropped -37.32% vs ALTY's -51.47%.
On 10-year performance, LVHD leads with 8.35% vs 6.15% for ALTY. On fees, LVHD is cheaper at 0.27% per year. On volatility, ALTY has been the lower-risk option at 1.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, LVHD has performed better with a 8.35% return vs 6.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LVHD is cheaper with a 0.27% expense ratio, compared with 0.50% for ALTY.
ALTY has the higher dividend yield at 7.46%, compared with 3.29% for LVHD.
LVHD is categorized as Dividend, while ALTY is Global Allocation. LVHD tracks Franklin U.S. Low Volatility High Dividend Index, while ALTY tracks Indxx SuperDividend Alternatives Index. They also come from different issuers: Franklin Templeton and Global X. Their fees differ too: 0.27% for LVHD and 0.50% for ALTY.
ALTY currently has the higher Sharpe Ratio (2.55 vs 1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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