LVHD vs. FFHCX
LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) and FFHCX (Fidelity Series Floating Rate High Income Fund) are both funds - LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index, while FFHCX is a High Yield Bonds fund managed by Fidelity. Over the past 10 years, LVHD returned 8.26%/yr vs 5.57%/yr for FFHCX. Their 0.20 correlation means their historical movements had little consistent relationship. LVHD charges 0.27%/yr vs 0.00%/yr for FFHCX.
Performance
LVHD vs. FFHCX - Performance Comparison
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Returns By Period
In the year-to-date period, LVHD achieves a 13.58% return, which is significantly higher than FFHCX's 2.37% return. Over the past 10 years, LVHD has outperformed FFHCX with an annualized return of 8.26%, while FFHCX has yielded a comparatively lower 5.57% annualized return.
LVHD
- 1D
- -0.11%
- 1M
- -0.55%
- 6M
- 7.65%
- YTD
- 13.58%
- 1Y
- 14.84%
- 3Y*
- 9.83%
- 5Y*
- 7.39%
- 10Y*
- 8.26%
- ALL TIME*
- 9.16%
FFHCX
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- 2.17%
- YTD
- 2.37%
- 1Y
- 5.43%
- 3Y*
- 7.34%
- 5Y*
- 6.11%
- 10Y*
- 5.57%
- ALL TIME*
- 5.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.24M | $2.50M | $2.89M |
LVHD vs. FFHCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 13.58% | 7.50% | 10.18% | -0.95% | -1.82% | 26.90% | -1.28% | 22.91% | -5.58% | 14.25% |
FFHCX Fidelity Series Floating Rate High Income Fund | 2.37% | 6.02% | 8.49% | 13.19% | -1.55% | 5.66% | 2.54% | 9.42% | 1.36% | 4.80% |
Correlation
The correlation between LVHD and FFHCX is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2015 | 0.20 |
The correlation between LVHD and FFHCX shifts across timeframes, from -0.09 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LVHD vs. FFHCX — Risk / Return Rank
LVHD
FFHCX
LVHD vs. FFHCX - 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 Fidelity Series Floating Rate High Income Fund (FFHCX). 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 | FFHCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.80 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 5.21 | -2.80 |
| Martin ratioReturn relative to average drawdown | 5.96 | 17.59 | -11.63 |
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Drawdowns
LVHD vs. FFHCX - Drawdown Comparison
The maximum LVHD drawdown since its inception was -37.32%, which is greater than FFHCX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for LVHD and FFHCX.
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Drawdown Indicators
| LVHD | FFHCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -21.45% | -15.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -1.14% | -5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.87% | -3.12% | -8.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.75% | -5.81% | -10.94% |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | -21.45% | -15.87% |
Current DrawdownCurrent decline from peak | -2.12% | -0.11% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -0.92% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 0.34% | +2.15% |
Volatility
LVHD vs. FFHCX - Volatility Comparison
Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) has a higher volatility of 4.75% compared to Fidelity Series Floating Rate High Income Fund (FFHCX) at 0.33%. This indicates that LVHD's price experiences larger fluctuations and is considered to be riskier than FFHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LVHD | FFHCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 0.33% | +4.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 1.90% | +6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 2.60% | +7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 3.11% | +9.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 4.17% | +11.40% |
LVHD vs. FFHCX - Expense Ratio Comparison
LVHD has a 0.27% expense ratio, which is higher than FFHCX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LVHD vs. FFHCX - Dividend Comparison
LVHD's dividend yield for the trailing twelve months is around 3.20%, less than FFHCX's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFHCX Fidelity Series Floating Rate High Income Fund | 6.91% | 8.11% | 8.46% | 9.47% | 3.83% | 3.64% | 4.61% | 5.92% | 6.68% | 4.80% | 5.16% | 4.37% |
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 3.20% | 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 FFHCX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LVHD has higher volatility (4.75%) compared to FFHCX (0.33%). In terms of maximum drawdown, LVHD dropped -37.32% vs FFHCX's -21.45%.
FFHCX currently has the higher Sharpe Ratio (2.29 vs 1.41), 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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