LVHD vs. SPY
Compare and contrast key facts about Legg Mason Low Volatility High Dividend ETF (LVHD) and SPDR S&P 500 ETF (SPY).
LVHD and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both LVHD and SPY 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 SPY.
Key characteristics
| LVHD | SPY | |
|---|---|---|
| YTD Return | 14.31% | 26.77% |
| 1Y Return | 25.73% | 37.43% |
| 3Y Return (Ann) | 5.65% | 10.15% |
| 5Y Return (Ann) | 7.46% | 15.86% |
| Sharpe Ratio | 2.22 | 3.06 |
| Sortino Ratio | 3.16 | 4.08 |
| Omega Ratio | 1.41 | 1.58 |
| Calmar Ratio | 1.78 | 4.44 |
| Martin Ratio | 10.67 | 20.11 |
| Ulcer Index | 2.35% | 1.85% |
| Daily Std Dev | 11.30% | 12.18% |
| Max Drawdown | -37.32% | -55.19% |
| Current Drawdown | -1.76% | -0.31% |
Correlation
The correlation between LVHD and SPY is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LVHD vs. SPY - Performance Comparison
In the year-to-date period, LVHD achieves a 14.31% return, which is significantly lower than SPY's 26.77% 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. SPY - Expense Ratio Comparison
LVHD has a 0.27% expense ratio, which is higher than SPY's 0.09% 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%.
Risk-Adjusted Performance
LVHD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Legg Mason Low Volatility High Dividend ETF (LVHD) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
LVHD's dividend yield for the trailing twelve months is around 3.71%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LVHD Legg Mason Low Volatility High Dividend ETF | 3.71% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.81% | 3.33% | 2.18% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
LVHD vs. SPY - Drawdown Comparison
The maximum LVHD drawdown since its inception was -37.32%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LVHD and SPY. For additional features, visit the drawdowns tool.
Volatility
LVHD vs. SPY - Volatility Comparison
The current volatility for Legg Mason Low Volatility High Dividend ETF (LVHD) is 3.08%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.88%. This indicates that LVHD experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.