LVHD vs. IYW
LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 10 years, LVHD returned 8.41%/yr vs 25.63%/yr for IYW. At a 0.34 correlation, their price movements are largely independent. LVHD charges 0.27%/yr vs 0.38%/yr for IYW.
Performance
LVHD vs. IYW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LVHD achieves a 10.95% return, which is significantly lower than IYW's 22.66% return. Over the past 10 years, LVHD has underperformed IYW with an annualized return of 8.41%, while IYW has yielded a comparatively higher 25.63% 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%
IYW
- 1D
- 0.61%
- 1M
- 1.73%
- YTD
- 22.66%
- 6M
- 23.40%
- 1Y
- 47.94%
- 3Y*
- 32.06%
- 5Y*
- 21.19%
- 10Y*
- 25.63%
LVHD vs. IYW - 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% |
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -34.83% | 35.44% | 47.45% | 46.64% | -0.93% | 36.60% |
Correlation
The correlation between LVHD and IYW is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2015 | 0.34 |
The correlation between LVHD and IYW shifts across timeframes, from -0.14 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LVHD vs. IYW — Risk / Return Rank
LVHD
IYW
LVHD vs. IYW - 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 iShares U.S. Technology ETF (IYW). 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 | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.70 | -0.54 |
| Martin ratioReturn relative to average drawdown | 5.43 | 8.68 | -3.25 |
Loading charts...
Drawdowns
LVHD vs. IYW - Drawdown Comparison
The maximum LVHD drawdown since its inception was -37.32%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for LVHD and IYW.
Loading charts...
Drawdown Indicators
| LVHD | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -81.90% | +44.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -17.81% | +11.64% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -26.47% | +12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.75% | -39.44% | +22.69% |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | -39.44% | +2.12% |
Current DrawdownCurrent decline from peak | -1.07% | -5.81% | +4.74% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -34.62% | +30.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 5.54% | -3.08% |
Volatility
LVHD vs. IYW - Volatility Comparison
The current volatility for Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is 3.54%, while iShares U.S. Technology ETF (IYW) has a volatility of 9.41%. This indicates that LVHD experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LVHD | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 9.41% | -5.87% |
Volatility (6M)Calculated over the trailing 6-month period | 6.96% | 17.67% | -10.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 21.47% | -11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 26.07% | -13.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 25.20% | -9.68% |
LVHD vs. IYW - Expense Ratio Comparison
LVHD has a 0.27% expense ratio, which is lower than IYW's 0.38% expense ratio.
Dividends
LVHD vs. IYW - Dividend Comparison
LVHD's dividend yield for the trailing twelve months is around 3.27%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
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
LVHD and IYW have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYW has higher volatility (9.41%) compared to LVHD (3.54%). In terms of maximum drawdown, LVHD dropped -37.32% vs IYW's -81.90%.
On 10-year performance, IYW leads with 25.63% 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, IYW has performed better with a 25.63% 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 0.38% for IYW.
LVHD has the higher dividend yield at 3.27%, compared with 0.11% for IYW.
LVHD is categorized as Dividend, while IYW is Technology Equities. LVHD tracks Franklin U.S. Low Volatility High Dividend Index, while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.27% for LVHD and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.24 vs 1.37), 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.
Find the right allocation for LVHD and IYW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer