LVHI vs. CCEF
LVHI (Franklin International Low Volatility High Dividend Index ETF) and CCEF (Calamos CEF Income & Arbitrage ETF) are both Dividend funds. LVHI is passively managed, while CCEF is actively managed. Over the past year, LVHI returned 35.95% vs 13.67% for CCEF. Their 0.53 correlation means they have sometimes moved together and sometimes differently. LVHI charges 0.40%/yr vs 2.74%/yr for CCEF.
Performance
LVHI vs. CCEF - Performance Comparison
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Returns By Period
In the year-to-date period, LVHI achieves a 18.07% return, which is significantly higher than CCEF's 7.28% return.
LVHI
- 1D
- -0.19%
- 1M
- 3.87%
- 6M
- 12.27%
- YTD
- 18.07%
- 1Y
- 35.95%
- 3Y*
- 22.77%
- 5Y*
- 16.64%
- 10Y*
- 11.79%
- ALL TIME*
- 11.64%
CCEF
- 1D
- 0.71%
- 1M
- 0.39%
- 6M
- 3.87%
- YTD
- 7.28%
- 1Y
- 13.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $84.87K | $111.22K | $103.52K | |
| $35.67M | $30.40M | $26.81M |
LVHI vs. CCEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LVHI Franklin International Low Volatility High Dividend Index ETF | 18.07% | 27.12% | 14.03% |
CCEF Calamos CEF Income & Arbitrage ETF | 7.28% | 13.47% | 17.80% |
Correlation
The correlation between LVHI and CCEF is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2024 | 0.53 |
The correlation between LVHI and CCEF has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
LVHI vs. CCEF — Risk / Return Rank
LVHI
CCEF
LVHI vs. CCEF - 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 Calamos CEF Income & Arbitrage ETF (CCEF). 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.
| LVHI | CCEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.30 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.94 | 1.77 | +4.17 |
| Martin ratioReturn relative to average drawdown | 24.81 | 7.56 | +17.25 |
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Drawdowns
LVHI vs. CCEF - Drawdown Comparison
The maximum LVHI drawdown since its inception was -32.31%, which is greater than CCEF's maximum drawdown of -13.25%. Use the drawdown chart below to compare losses from any high point for LVHI and CCEF.
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Drawdown Indicators
| LVHI | CCEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -13.25% | -19.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.08% | -7.75% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -11.99% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.31% | — | — |
Current DrawdownCurrent decline from peak | -0.88% | -0.15% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -1.32% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.81% | -0.36% |
Volatility
LVHI vs. CCEF - Volatility Comparison
Franklin International Low Volatility High Dividend Index ETF (LVHI) and Calamos CEF Income & Arbitrage ETF (CCEF) have volatilities of 2.09% and 2.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LVHI | CCEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 2.18% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 7.18% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.35% | 8.43% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.06% | 10.66% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 10.66% | +3.04% |
LVHI vs. CCEF - Expense Ratio Comparison
LVHI has a 0.40% expense ratio, which is lower than CCEF's 2.74% expense ratio.
Dividends
LVHI vs. CCEF - Dividend Comparison
LVHI's dividend yield for the trailing twelve months is around 4.52%, less than CCEF's 8.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CCEF Calamos CEF Income & Arbitrage ETF | 8.02% | 8.08% | 6.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LVHI Franklin International Low Volatility High Dividend Index ETF | 4.52% | 4.92% | 3.98% | 8.12% | 7.74% | 4.13% | 3.97% | 6.67% | 10.67% | 3.38% | 2.02% |
Frequently Asked Questions
LVHI and CCEF have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCEF has higher volatility (2.18%) compared to LVHI (2.09%). In terms of maximum drawdown, LVHI dropped -32.31% vs CCEF's -13.25%.
On 1-year performance, LVHI leads with 35.95% vs 13.67% for CCEF. On fees, LVHI is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LVHI has performed better with a 35.95% return vs 13.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LVHI is cheaper with a 0.40% expense ratio, compared with 2.74% for CCEF.
CCEF has the higher dividend yield at 8.02%, compared with 4.52% for LVHI.
They also come from different issuers: Franklin Templeton and Calamos. Their fees differ too: 0.40% for LVHI and 2.74% for CCEF.
LVHI currently has the higher Sharpe Ratio (3.87 vs 1.63), 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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