LVHD vs. DEW

Last updated Jun 24, 2026

LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) and DEW (WisdomTree Global High Dividend Fund) are both exchange-traded funds - LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index, while DEW is a Large Cap Value Equities fund tracking the WisdomTree Global High Dividend Index. Both are passively managed. Over the past 10 years, LVHD returned 8.35%/yr vs 9.72%/yr for DEW. A 0.78 correlation means they provide meaningful diversification when combined. LVHD charges 0.27%/yr vs 0.58%/yr for DEW.

Performance

LVHD vs. DEW - 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 WisdomTree Global High Dividend Fund (DEW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVHD achieves a 10.55% return, which is significantly lower than DEW's 12.97% return. Over the past 10 years, LVHD has underperformed DEW with an annualized return of 8.35%, while DEW has yielded a comparatively higher 9.72% 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%

DEW

• 1D: 0.43%
• 1M: -0.07%
• YTD: 12.97%
• 6M: 12.77%
• 1Y: 25.61%
• 3Y*: 19.27%
• 5Y*: 11.57%
• 10Y*: 9.72%

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

LVHD vs. DEW - 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%
DEW WisdomTree Global High Dividend Fund	12.97%	22.39%	11.58%	9.39%	-2.73%	21.29%	-7.32%	20.45%	-10.58%	15.38%

Correlation

The correlation between LVHD and DEW is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Dec 29, 2015	0.78

The correlation between LVHD and DEW has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

LVHD vs. DEW - Sectors Allocation Comparison

Sectors	LVHD	DEW
Utilities	24.8%	10.8%
Consumer Defensive	21.8%	8.9%
Real Estate	15.4%	10.8%
Financial Services	8.2%	19.7%
Consumer Cyclical	7.4%	3.1%
Energy	7.4%	14.7%
Industrials	4.9%	4.4%
Healthcare	4.4%	9.5%
Technology	3.1%	2.5%
Communication Services	2.6%	4.1%
Basic Materials	-	2.8%

Return for Risk

LVHD vs. DEW — Risk / Return Rank

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

LVHD

LVHD Risk / Return Rank: 40
LVHD Sharpe Ratio Rank: 40
LVHD Sortino Ratio Rank: 40
LVHD Omega Ratio Rank: 37
LVHD Calmar Ratio Rank: 45
LVHD Martin Ratio Rank: 37

DEW

DEW Risk / Return Rank: 84
DEW Sharpe Ratio Rank: 87
DEW Sortino Ratio Rank: 87
DEW Omega Ratio Rank: 83
DEW Calmar Ratio Rank: 81
DEW Martin Ratio Rank: 83

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. DEW - 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 WisdomTree Global High Dividend Fund (DEW). 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	DEW	Difference
Sharpe ratio: Return per unit of total volatility	1.35	2.64	-1.29
Sortino ratio: Return per unit of downside risk	1.99	3.68	-1.68
Omega ratio: Gain probability vs. loss probability	1.23	1.47	-0.23
Calmar ratio: Return relative to maximum drawdown	2.18	4.06	-1.88
Martin ratio: Return relative to average drawdown	5.41	15.88	-10.47

LVHD vs. DEW - Sharpe Ratio Comparison

The current LVHD Sharpe Ratio is 1.35, which is lower than the DEW Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of LVHD and DEW, 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. DEW - Drawdown Comparison

The maximum LVHD drawdown since its inception was -37.32%, smaller than the maximum DEW drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for LVHD and DEW.

Drawdown Indicators

	LVHD	DEW	Difference
Max Drawdown Largest peak-to-trough decline	-37.32%	-65.55%	+28.23%
Max Drawdown (1Y) Largest decline over 1 year	-6.17%	-6.34%	+0.17%
Max Drawdown (3Y) Largest decline over 3 years	-14.29%	-11.80%	-2.49%
Max Drawdown (5Y) Largest decline over 5 years	-16.75%	-18.86%	+2.11%
Max Drawdown (10Y) Largest decline over 10 years	-37.32%	-38.77%	+1.45%
Current Drawdown Current decline from peak	-1.43%	-1.12%	-0.31%
Average Drawdown Average peak-to-trough decline	-4.04%	-12.41%	+8.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	1.62%	+0.86%

Volatility

LVHD vs. DEW - Volatility Comparison

Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) has a higher volatility of 4.05% compared to WisdomTree Global High Dividend Fund (DEW) at 2.77%. This indicates that LVHD's price experiences larger fluctuations and is considered to be riskier than DEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVHD	DEW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	2.77%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	7.26%	7.35%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	9.98%	9.76%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.91%	12.98%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	15.42%	+0.11%

LVHD vs. DEW - Expense Ratio Comparison

LVHD has a 0.27% expense ratio, which is lower than DEW's 0.58% expense ratio.

Dividends

LVHD vs. DEW - Dividend Comparison

LVHD's dividend yield for the trailing twelve months is around 3.29%, more than DEW's 3.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEW WisdomTree Global High Dividend Fund	3.18%	3.71%	4.02%	4.55%	3.82%	3.55%	4.10%	3.74%	4.17%	3.18%	3.42%	4.32%
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

Can I hold both LVHD and DEW in my portfolio?

LVHD and DEW have a correlation of 0.75, 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 DEW?

LVHD has higher volatility (4.05%) compared to DEW (2.77%). In terms of maximum drawdown, LVHD dropped -37.32% vs DEW's -65.55%.

Which ETF is better, LVHD or DEW?

On 10-year performance, DEW leads with 9.72% vs 8.35% for LVHD. On fees, LVHD is cheaper at 0.27% per year. On volatility, DEW has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LVHD or DEW?

Over the 10-year period, DEW has performed better with a 9.72% return vs 8.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LVHD or DEW?

LVHD is cheaper with a 0.27% expense ratio, compared with 0.58% for DEW.

Which ETF pays a higher dividend yield, LVHD or DEW?

LVHD has the higher dividend yield at 3.29%, compared with 3.18% for DEW.

What is the main difference between LVHD and DEW?

LVHD is categorized as Dividend, while DEW is Large Cap Value Equities. LVHD tracks Franklin U.S. Low Volatility High Dividend Index, while DEW tracks WisdomTree Global High Dividend Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.27% for LVHD and 0.58% for DEW.

Which has better risk-adjusted returns?

DEW currently has the higher Sharpe Ratio (2.64 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.