LVHD vs. SPHD
Compare and contrast key facts about Legg Mason Low Volatility High Dividend ETF (LVHD) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
LVHD and SPHD 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. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both LVHD and SPHD 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 SPHD.
Key characteristics
| LVHD | SPHD | |
|---|---|---|
| YTD Return | 14.54% | 21.84% |
| 1Y Return | 22.45% | 32.19% |
| 3Y Return (Ann) | 5.71% | 8.94% |
| 5Y Return (Ann) | 7.42% | 7.46% |
| Sharpe Ratio | 2.30 | 3.13 |
| Sortino Ratio | 3.27 | 4.52 |
| Omega Ratio | 1.43 | 1.59 |
| Calmar Ratio | 2.24 | 2.45 |
| Martin Ratio | 11.04 | 22.33 |
| Ulcer Index | 2.35% | 1.61% |
| Daily Std Dev | 11.28% | 11.49% |
| Max Drawdown | -37.32% | -41.39% |
| Current Drawdown | -1.57% | -1.58% |
Correlation
The correlation between LVHD and SPHD is 0.91, 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. SPHD - Performance Comparison
In the year-to-date period, LVHD achieves a 14.54% return, which is significantly lower than SPHD's 21.84% 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. SPHD - Expense Ratio Comparison
LVHD has a 0.27% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
LVHD vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Legg Mason Low Volatility High Dividend ETF (LVHD) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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. SPHD - Dividend Comparison
LVHD's dividend yield for the trailing twelve months is around 3.70%, more than SPHD's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LVHD Legg Mason Low Volatility High Dividend ETF | 3.70% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.81% | 3.33% | 2.18% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.40% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
LVHD vs. SPHD - Drawdown Comparison
The maximum LVHD drawdown since its inception was -37.32%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for LVHD and SPHD. For additional features, visit the drawdowns tool.
Volatility
LVHD vs. SPHD - Volatility Comparison
Legg Mason Low Volatility High Dividend ETF (LVHD) has a higher volatility of 3.06% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.75%. This indicates that LVHD's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.