LVHD vs. GBTC
LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) and GBTC (Grayscale Bitcoin Trust ETF) are both exchange-traded funds - LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index, while GBTC is a Cryptocurrency fund tracking the CoinDesk Bitcoin Benchmark Rate Index. Both are passively managed. Over the past 10 years, LVHD returned 8.41%/yr vs 46.47%/yr for GBTC. At a 0.12 correlation, their price movements are largely independent. LVHD charges 0.27%/yr vs 1.50%/yr for GBTC.
Performance
LVHD vs. GBTC - Performance Comparison
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Returns By Period
In the year-to-date period, LVHD achieves a 10.95% return, which is significantly higher than GBTC's -27.82% return. Over the past 10 years, LVHD has underperformed GBTC with an annualized return of 8.41%, while GBTC has yielded a comparatively higher 46.47% 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%
GBTC
- 1D
- 0.04%
- 1M
- -20.21%
- YTD
- -27.82%
- 6M
- -30.09%
- 1Y
- -41.39%
- 3Y*
- 55.55%
- 5Y*
- 9.90%
- 10Y*
- 46.47%
LVHD vs. GBTC - 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% |
GBTC Grayscale Bitcoin Trust ETF | -27.82% | -7.65% | 113.81% | 317.61% | -75.80% | 7.03% | 290.72% | 106.56% | -82.10% | 1,787.72% |
Correlation
The correlation between LVHD and GBTC is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2015 | 0.12 |
The correlation between LVHD and GBTC shifts across timeframes, from 0.06 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LVHD vs. GBTC — Risk / Return Rank
LVHD
GBTC
LVHD vs. GBTC - 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 Grayscale Bitcoin Trust ETF (GBTC). 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 | GBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.85 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.79 | +2.96 |
| Martin ratioReturn relative to average drawdown | 5.43 | -1.39 | +6.82 |
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Drawdowns
LVHD vs. GBTC - Drawdown Comparison
The maximum LVHD drawdown since its inception was -37.32%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for LVHD and GBTC.
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Drawdown Indicators
| LVHD | GBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -89.91% | +52.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -52.45% | +46.28% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -52.45% | +38.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.75% | -85.42% | +68.67% |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | -89.91% | +52.59% |
Current DrawdownCurrent decline from peak | -1.07% | -49.87% | +48.80% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -43.43% | +39.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 29.85% | -27.39% |
Volatility
LVHD vs. GBTC - Volatility Comparison
The current volatility for Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is 3.54%, while Grayscale Bitcoin Trust ETF (GBTC) has a volatility of 11.97%. This indicates that LVHD experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LVHD | GBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 11.97% | -8.43% |
Volatility (6M)Calculated over the trailing 6-month period | 6.96% | 34.41% | -27.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 44.01% | -34.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 62.25% | -49.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 81.84% | -66.32% |
LVHD vs. GBTC - Expense Ratio Comparison
LVHD has a 0.27% expense ratio, which is lower than GBTC's 1.50% expense ratio.
Dividends
LVHD vs. GBTC - Dividend Comparison
LVHD's dividend yield for the trailing twelve months is around 3.27%, while GBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBTC Grayscale Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.61% | 0.00% |
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% |
Frequently Asked Questions
LVHD and GBTC have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBTC has higher volatility (11.97%) compared to LVHD (3.54%). In terms of maximum drawdown, LVHD dropped -37.32% vs GBTC's -89.91%.
On 10-year performance, GBTC leads with 46.47% vs 8.41% for LVHD. On fees, LVHD is cheaper at 0.27% per year. On volatility, LVHD has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GBTC has performed better with a 46.47% return vs 8.41%. 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 1.50% for GBTC.
LVHD has the higher dividend yield at 3.27%, compared with 0.00% for GBTC.
LVHD is categorized as Dividend, while GBTC is Cryptocurrency. LVHD tracks Franklin U.S. Low Volatility High Dividend Index, while GBTC tracks CoinDesk Bitcoin Benchmark Rate Index. They also come from different issuers: Franklin Templeton and Grayscale. Their fees differ too: 0.27% for LVHD and 1.50% for GBTC.
LVHD currently has the higher Sharpe Ratio (1.37 vs -0.94), 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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