LVHD vs. SIXH
LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) and SIXH (6 Meridian Hedged Equity-Index Option Strategy ETF) are both exchange-traded funds - LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index, while SIXH is a Equity Hedged fund actively managed by Exchange Traded Concepts. LVHD is passively managed, while SIXH is actively managed. Over the past 5 years, LVHD returned 7.72%/yr vs 9.81%/yr for SIXH. Their 0.64 correlation means they have sometimes moved together and sometimes differently. LVHD charges 0.27%/yr vs 0.87%/yr for SIXH.
Performance
LVHD vs. SIXH - Performance Comparison
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Returns By Period
In the year-to-date period, LVHD achieves a 14.88% return, which is significantly higher than SIXH's 12.63% return.
LVHD
- 1D
- 1.16%
- 1M
- 2.81%
- 6M
- 10.82%
- YTD
- 14.88%
- 1Y
- 14.41%
- 3Y*
- 9.97%
- 5Y*
- 7.72%
- 10Y*
- 8.26%
- ALL TIME*
- 9.29%
SIXH
- 1D
- 0.70%
- 1M
- 1.82%
- 6M
- 10.01%
- YTD
- 12.63%
- 1Y
- 15.33%
- 3Y*
- 13.52%
- 5Y*
- 9.81%
- 10Y*
- —
- ALL TIME*
- 11.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.99M | $3.02M | $2.88M | |
| $429.06K | $537.34K | $402.11K |
LVHD vs. SIXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 14.88% | 7.50% | 10.18% | -0.95% | -1.82% | 26.90% | 20.98% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 12.63% | 9.47% | 12.06% | 4.93% | 6.90% | 18.37% | 6.49% |
Correlation
The correlation between LVHD and SIXH is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 11, 2020 | 0.64 |
The correlation between LVHD and SIXH has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
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Return for Risk
LVHD vs. SIXH — Risk / Return Rank
LVHD
SIXH
LVHD vs. SIXH - 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 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH). 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 | SIXH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.46 | -1.12 |
| Martin ratioReturn relative to average drawdown | 5.80 | 8.80 | -3.00 |
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Drawdowns
LVHD vs. SIXH - Drawdown Comparison
The maximum LVHD drawdown since its inception was -37.32%, which is greater than SIXH's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for LVHD and SIXH.
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Drawdown Indicators
| LVHD | SIXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -11.68% | -25.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -4.36% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -13.76% | -9.10% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -16.75% | -11.68% | -5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -1.82% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.72% | +0.77% |
Volatility
LVHD vs. SIXH - Volatility Comparison
Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) has a higher volatility of 4.59% compared to 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) at 2.30%. This indicates that LVHD's price experiences larger fluctuations and is considered to be riskier than SIXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LVHD | SIXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 2.30% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 6.25% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 7.84% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.02% | 10.38% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 10.09% | +5.47% |
LVHD vs. SIXH - Expense Ratio Comparison
LVHD has a 0.27% expense ratio, which is lower than SIXH's 0.87% expense ratio.
Dividends
LVHD vs. SIXH - Dividend Comparison
LVHD's dividend yield for the trailing twelve months is around 3.16%, more than SIXH's 1.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 3.16% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
SIXH 6 Meridian Hedged Equity-Index Option Strategy ETF | 1.83% | 2.23% | 1.55% | 2.04% | 2.06% | 1.65% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LVHD and SIXH have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LVHD has higher volatility (4.59%) compared to SIXH (2.30%). In terms of maximum drawdown, LVHD dropped -37.32% vs SIXH's -11.68%.
On 5-year performance, SIXH leads with 9.81% vs 7.72% for LVHD. On fees, LVHD is cheaper at 0.27% per year. On volatility, SIXH has been the lower-risk option at 2.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SIXH has performed better with a 9.81% return vs 7.72%. 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 0.87% for SIXH.
LVHD has the higher dividend yield at 3.16%, compared with 1.83% for SIXH.
LVHD is categorized as Dividend, while SIXH is Equity Hedged. They also come from different issuers: Franklin Templeton and Exchange Traded Concepts. Their fees differ too: 0.27% for LVHD and 0.87% for SIXH.
SIXH currently has the higher Sharpe Ratio (1.93 vs 1.39), 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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