LVHD vs. BARIX

Last updated Jun 13, 2026

LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) and BARIX (Baron Asset Fund Institutional Class) are both funds - LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index, while BARIX is a Mid Cap Growth Equities fund managed by Baron Capital Group. Over the past 10 years, LVHD returned 8.41%/yr vs 11.45%/yr for BARIX. A 0.54 correlation means they provide meaningful diversification when combined. LVHD charges 0.27%/yr vs 1.03%/yr for BARIX.

Performance

LVHD vs. BARIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) and Baron Asset Fund Institutional Class (BARIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVHD achieves a 10.95% return, which is significantly higher than BARIX's 0.84% return. Over the past 10 years, LVHD has underperformed BARIX with an annualized return of 8.41%, while BARIX has yielded a comparatively higher 11.45% annualized return.

LVHD

• 1D: 0.64%
• 1M: 3.86%
• YTD: 10.95%
• 6M: 10.48%
• 1Y: 13.29%
• 3Y*: 10.12%
• 5Y*: 6.90%
• 10Y*: 8.41%

BARIX

• 1D: 0.43%
• 1M: 9.83%
• YTD: 0.84%
• 6M: 0.23%
• 1Y: 4.48%
• 3Y*: 10.21%
• 5Y*: 2.48%
• 10Y*: 11.45%

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

LVHD vs. BARIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	10.95%	7.50%	10.18%	-0.95%	-1.82%	26.90%	-1.28%	22.91%	-5.58%	14.25%
BARIX Baron Asset Fund Institutional Class	0.84%	8.17%	10.64%	17.36%	-25.87%	14.17%	33.32%	37.98%	0.13%	26.55%

Correlation

The correlation between LVHD and BARIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Dec 29, 2015	0.54

The correlation between LVHD and BARIX shifts across timeframes, from 0.35 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LVHD vs. BARIX — Risk / Return Rank

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

LVHD

LVHD Risk / Return Rank: 43
LVHD Sharpe Ratio Rank: 44
LVHD Sortino Ratio Rank: 45
LVHD Omega Ratio Rank: 40
LVHD Calmar Ratio Rank: 49
LVHD Martin Ratio Rank: 39

BARIX

BARIX Risk / Return Rank: 7
BARIX Sharpe Ratio Rank: 7
BARIX Sortino Ratio Rank: 8
BARIX Omega Ratio Rank: 7
BARIX Calmar Ratio Rank: 8
BARIX Martin Ratio Rank: 6

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.

LVHD vs. BARIX - 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 Baron Asset Fund Institutional Class (BARIX). 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	BARIX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.29	+1.08
Sortino ratio: Return per unit of downside risk	2.03	0.64	+1.39
Omega ratio: Gain probability vs. loss probability	1.23	1.07	+0.16
Calmar ratio: Return relative to maximum drawdown	2.16	0.44	+1.72
Martin ratio: Return relative to average drawdown	5.43	0.91	+4.52

LVHD vs. BARIX - Sharpe Ratio Comparison

The current LVHD Sharpe Ratio is 1.37, which is higher than the BARIX Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of LVHD and BARIX, 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

LVHD vs. BARIX - Drawdown Comparison

The maximum LVHD drawdown since its inception was -37.32%, roughly equal to the maximum BARIX drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for LVHD and BARIX.

Drawdown Indicators

	LVHD	BARIX	Difference
Max Drawdown Largest peak-to-trough decline	-37.32%	-37.44%	+0.12%
Max Drawdown (1Y) Largest decline over 1 year	-6.17%	-10.68%	+4.51%
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	-17.78%	+3.49%
Max Drawdown (5Y) Largest decline over 5 years	-16.75%	-37.44%	+20.69%
Max Drawdown (10Y) Largest decline over 10 years	-37.32%	-37.44%	+0.12%
Current Drawdown Current decline from peak	-1.07%	-1.45%	+0.38%
Average Drawdown Average peak-to-trough decline	-4.04%	-6.73%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	5.16%	-2.70%

Volatility

LVHD vs. BARIX - Volatility Comparison

The current volatility for Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is 3.54%, while Baron Asset Fund Institutional Class (BARIX) has a volatility of 7.48%. This indicates that LVHD experiences smaller price fluctuations and is considered to be less risky than BARIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVHD	BARIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	7.48%	-3.94%
Volatility (6M) Calculated over the trailing 6-month period	6.96%	11.11%	-4.15%
Volatility (1Y) Calculated over the trailing 1-year period	9.77%	16.36%	-6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.91%	19.80%	-6.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	19.96%	-4.44%

LVHD vs. BARIX - Expense Ratio Comparison

LVHD has a 0.27% expense ratio, which is lower than BARIX's 1.03% expense ratio.

Dividends

LVHD vs. BARIX - Dividend Comparison

LVHD's dividend yield for the trailing twelve months is around 3.27%, less than BARIX's 10.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BARIX Baron Asset Fund Institutional Class	10.50%	10.59%	17.88%	3.28%	0.01%	7.26%	2.92%	1.70%	7.14%	7.01%	4.74%	11.23%
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	3.27%	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

Can I hold both LVHD and BARIX in my portfolio?

LVHD and BARIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LVHD or BARIX?

BARIX has higher volatility (7.48%) compared to LVHD (3.54%). In terms of maximum drawdown, LVHD dropped -37.32% vs BARIX's -37.44%.

Which has better risk-adjusted returns?

LVHD currently has the higher Sharpe Ratio (1.37 vs 0.29), 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.