LVHI vs. ADIV

Last updated Jun 9, 2026

LVHI (Franklin International Low Volatility High Dividend Index ETF) and ADIV (SmartETFs Asia Pacific Dividend Builder ETF) are both exchange-traded funds - LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR, while ADIV is a Asia Pacific Equities fund actively managed by Guinness Atkinson Asset Management. LVHI is passively managed, while ADIV is actively managed. Over the past 5 years, LVHI returned 15.67%/yr vs 5.91%/yr for ADIV. A 0.55 correlation means they provide meaningful diversification when combined. LVHI charges 0.40%/yr vs 0.78%/yr for ADIV.

Performance

LVHI vs. ADIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin International Low Volatility High Dividend Index ETF (LVHI) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVHI achieves a 11.45% return, which is significantly higher than ADIV's 4.50% return.

LVHI

• 1D: 0.37%
• 1M: 0.77%
• YTD: 11.45%
• 6M: 13.55%
• 1Y: 29.27%
• 3Y*: 20.97%
• 5Y*: 15.67%
• 10Y*: —

ADIV

• 1D: 0.43%
• 1M: -2.41%
• YTD: 4.50%
• 6M: 4.87%
• 1Y: 14.36%
• 3Y*: 15.97%
• 5Y*: 5.91%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LVHI vs. ADIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LVHI Franklin International Low Volatility High Dividend Index ETF	11.45%	27.12%	14.81%	17.45%	3.84%	7.77%
ADIV SmartETFs Asia Pacific Dividend Builder ETF	4.50%	21.86%	14.47%	12.28%	-18.00%	1.41%

Correlation

The correlation between LVHI and ADIV is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021	0.55

The correlation between LVHI and ADIV shifts across timeframes, from 0.42 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

LVHI vs. ADIV - Sectors Allocation Comparison

Sectors	LVHI	ADIV
Financial Services	23.6%	32.4%
Energy	17.4%	-
Industrials	13.4%	2.4%
Utilities	10.4%	2.5%
Consumer Defensive	8.7%	4.7%
Healthcare	7.4%	5.6%
Basic Materials	6.1%	-
Communication Services	5.8%	2.7%
Consumer Cyclical	5.3%	16.3%
Real Estate	1.9%	7.9%
Technology	0.1%	25.5%

Return for Risk

LVHI vs. ADIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LVHI

LVHI Risk / Return Rank: 92
LVHI Sharpe Ratio Rank: 93
LVHI Sortino Ratio Rank: 93
LVHI Omega Ratio Rank: 93
LVHI Calmar Ratio Rank: 89
LVHI Martin Ratio Rank: 91

ADIV

ADIV Risk / Return Rank: 32
ADIV Sharpe Ratio Rank: 32
ADIV Sortino Ratio Rank: 31
ADIV Omega Ratio Rank: 31
ADIV Calmar Ratio Rank: 32
ADIV Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LVHI vs. ADIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Low Volatility High Dividend Index ETF (LVHI) and SmartETFs Asia Pacific Dividend Builder ETF (ADIV). 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.

	LVHI	ADIV	Difference
Sharpe ratio: Return per unit of total volatility	3.10	1.04	+2.06
Sortino ratio: Return per unit of downside risk	4.24	1.50	+2.74
Omega ratio: Gain probability vs. loss probability	1.58	1.19	+0.39
Calmar ratio: Return relative to maximum drawdown	4.84	1.42	+3.42
Martin ratio: Return relative to average drawdown	19.99	4.66	+15.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LVHI vs. ADIV - Sharpe Ratio Comparison

The current LVHI Sharpe Ratio is 3.10, which is higher than the ADIV Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of LVHI and ADIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LVHI	ADIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	1.04	+2.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.42	0.36	+1.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.38	+0.44

Drawdowns

LVHI vs. ADIV - Drawdown Comparison

The maximum LVHI drawdown since its inception was -32.31%, roughly equal to the maximum ADIV drawdown of -31.55%. Use the drawdown chart below to compare losses from any high point for LVHI and ADIV.

Drawdown Indicators

	LVHI	ADIV	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-31.55%	-0.76%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-10.15%	+4.07%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-18.53%	+6.54%
Max Drawdown (5Y) Largest decline over 5 years	-11.99%	-31.55%	+19.56%
Current Drawdown Current decline from peak	-1.79%	-4.40%	+2.61%
Average Drawdown Average peak-to-trough decline	-3.52%	-8.44%	+4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	3.09%	-1.62%

Volatility

LVHI vs. ADIV - Volatility Comparison

The current volatility for Franklin International Low Volatility High Dividend Index ETF (LVHI) is 2.35%, while SmartETFs Asia Pacific Dividend Builder ETF (ADIV) has a volatility of 5.13%. This indicates that LVHI experiences smaller price fluctuations and is considered to be less risky than ADIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVHI	ADIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	5.13%	-2.78%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	11.02%	-3.44%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	13.87%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.07%	16.54%	-5.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	16.41%	-2.65%

LVHI vs. ADIV - Expense Ratio Comparison

LVHI has a 0.40% expense ratio, which is lower than ADIV's 0.78% expense ratio.

Dividends

LVHI vs. ADIV - Dividend Comparison

LVHI's dividend yield for the trailing twelve months is around 4.79%, more than ADIV's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ADIV SmartETFs Asia Pacific Dividend Builder ETF	2.88%	2.77%	4.83%	4.55%	2.98%	13.85%	0.00%	0.00%	0.00%	0.00%	0.00%
LVHI Franklin International Low Volatility High Dividend Index ETF	4.79%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%

Frequently Asked Questions

Can I hold both LVHI and ADIV in my portfolio?

LVHI and ADIV have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LVHI or ADIV?

ADIV has higher volatility (5.13%) compared to LVHI (2.35%). In terms of maximum drawdown, LVHI dropped -32.31% vs ADIV's -31.55%.

Which ETF is better, LVHI or ADIV?

On 5-year performance, LVHI leads with 15.67% vs 5.91% for ADIV. On fees, LVHI is cheaper at 0.40% per year. On volatility, LVHI has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LVHI or ADIV?

Over the 5-year period, LVHI has performed better with a 15.67% return vs 5.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LVHI or ADIV?

LVHI is cheaper with a 0.40% expense ratio, compared with 0.78% for ADIV.

Which ETF pays a higher dividend yield, LVHI or ADIV?

LVHI has the higher dividend yield at 4.79%, compared with 2.88% for ADIV.

What is the main difference between LVHI and ADIV?

LVHI is categorized as Volatility Hedged Equity, while ADIV is Asia Pacific Equities. They also come from different issuers: Franklin Templeton and Guinness Atkinson Asset Management. Their fees differ too: 0.40% for LVHI and 0.78% for ADIV.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.10 vs 1.04), 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.