LVHD vs. FDL
Compare and contrast key facts about Legg Mason Low Volatility High Dividend ETF (LVHD) and First Trust Morningstar Dividend Leaders Index Fund (FDL).
LVHD and FDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LVHD is a passively managed fund by Franklin Templeton that tracks the performance of the QS Low Volatility High Dividend Index. It was launched on Dec 29, 2015. FDL is a passively managed fund by First Trust that tracks the performance of the Morningstar Dividend Leaders Index. It was launched on Mar 9, 2006. Both LVHD and FDL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LVHD or FDL.
Key characteristics
| LVHD | FDL | |
|---|---|---|
| YTD Return | 14.31% | 20.47% |
| 1Y Return | 25.73% | 34.60% |
| 3Y Return (Ann) | 5.65% | 11.99% |
| 5Y Return (Ann) | 7.46% | 10.29% |
| Sharpe Ratio | 2.22 | 2.93 |
| Sortino Ratio | 3.16 | 4.17 |
| Omega Ratio | 1.41 | 1.52 |
| Calmar Ratio | 1.78 | 2.88 |
| Martin Ratio | 10.67 | 21.26 |
| Ulcer Index | 2.35% | 1.62% |
| Daily Std Dev | 11.30% | 11.74% |
| Max Drawdown | -37.32% | -65.93% |
| Current Drawdown | -1.76% | -2.19% |
Correlation
The correlation between LVHD and FDL is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LVHD vs. FDL - Performance Comparison
In the year-to-date period, LVHD achieves a 14.31% return, which is significantly lower than FDL's 20.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LVHD vs. FDL - Expense Ratio Comparison
LVHD has a 0.27% expense ratio, which is lower than FDL's 0.45% expense ratio.
Risk-Adjusted Performance
LVHD vs. FDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Legg Mason Low Volatility High Dividend ETF (LVHD) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.
Dividends
LVHD vs. FDL - Dividend Comparison
LVHD's dividend yield for the trailing twelve months is around 3.71%, less than FDL's 4.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LVHD Legg Mason Low Volatility High Dividend ETF | 3.71% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.81% | 3.33% | 2.18% | 0.00% | 0.00% | 0.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 4.11% | 4.58% | 3.57% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.94% | 3.65% | 3.35% | 3.13% |
Drawdowns
LVHD vs. FDL - Drawdown Comparison
The maximum LVHD drawdown since its inception was -37.32%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for LVHD and FDL. For additional features, visit the drawdowns tool.
Volatility
LVHD vs. FDL - Volatility Comparison
The current volatility for Legg Mason Low Volatility High Dividend ETF (LVHD) is 3.08%, while First Trust Morningstar Dividend Leaders Index Fund (FDL) has a volatility of 3.55%. This indicates that LVHD experiences smaller price fluctuations and is considered to be less risky than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.