LVHD vs. XSHD
Compare and contrast key facts about Legg Mason Low Volatility High Dividend ETF (LVHD) and Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD).
LVHD and XSHD 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. XSHD is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Low Volatility High Dividend Index. It was launched on Dec 1, 2016. Both LVHD and XSHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LVHD vs. XSHD - Performance Comparison
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LVHD vs. XSHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LVHD Legg Mason Low Volatility High Dividend ETF | 6.73% | 7.50% | 10.18% | -0.95% | -1.82% | 26.90% | -1.28% | 22.91% | -5.58% | 14.25% |
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF | 4.04% | -6.41% | -5.25% | 3.00% | -19.48% | 18.31% | -13.55% | 17.91% | -7.86% | 1.52% |
Returns By Period
In the year-to-date period, LVHD achieves a 6.73% return, which is significantly higher than XSHD's 4.04% return.
LVHD
- 1D
- -0.18%
- 1M
- -4.83%
- YTD
- 6.73%
- 6M
- 5.06%
- 1Y
- 7.56%
- 3Y*
- 8.47%
- 5Y*
- 7.55%
- 10Y*
- 8.18%
XSHD
- 1D
- 0.21%
- 1M
- -2.97%
- YTD
- 4.04%
- 6M
- 0.51%
- 1Y
- 0.04%
- 3Y*
- -1.19%
- 5Y*
- -4.92%
- 10Y*
- —
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LVHD vs. XSHD - Expense Ratio Comparison
LVHD has a 0.27% expense ratio, which is lower than XSHD's 0.30% expense ratio.
Return for Risk
LVHD vs. XSHD — Risk / Return Rank
LVHD
XSHD
LVHD vs. XSHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Legg Mason Low Volatility High Dividend ETF (LVHD) and Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD). 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.
| LVHD | XSHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.00 | +0.63 |
Sortino ratioReturn per unit of downside risk | 0.95 | 0.13 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.02 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.02 | +0.83 |
Martin ratioReturn relative to average drawdown | 3.03 | 0.05 | +2.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LVHD | XSHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.00 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | -0.26 | +0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | -0.05 | +0.62 |
Correlation
The correlation between LVHD and XSHD is 0.71, 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.
Dividends
LVHD vs. XSHD - Dividend Comparison
LVHD's dividend yield for the trailing twelve months is around 3.20%, less than XSHD's 5.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LVHD Legg Mason Low Volatility High Dividend ETF | 3.20% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF | 5.68% | 6.45% | 7.25% | 7.62% | 6.77% | 3.86% | 5.55% | 4.88% | 5.49% | 4.11% | 0.41% |
Drawdowns
LVHD vs. XSHD - Drawdown Comparison
The maximum LVHD drawdown since its inception was -37.32%, smaller than the maximum XSHD drawdown of -49.53%. Use the drawdown chart below to compare losses from any high point for LVHD and XSHD.
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Drawdown Indicators
| LVHD | XSHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -49.53% | +12.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -12.98% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.75% | -36.84% | +20.09% |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | — | — |
Current DrawdownCurrent decline from peak | -4.83% | -27.55% | +22.72% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -16.20% | +12.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 4.69% | -2.30% |
Volatility
LVHD vs. XSHD - Volatility Comparison
The current volatility for Legg Mason Low Volatility High Dividend ETF (LVHD) is 2.77%, while Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) has a volatility of 4.65%. This indicates that LVHD experiences smaller price fluctuations and is considered to be less risky than XSHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LVHD | XSHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 4.65% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 6.49% | 10.55% | -4.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 18.01% | -6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 18.99% | -6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 22.38% | -6.89% |