LVHI vs. CVRT
LVHI (Franklin International Low Volatility High Dividend Index ETF) and CVRT (Calamos Convertible Equity Alternative ETF) are both exchange-traded funds - LVHI is a Dividend fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR, while CVRT is a Convertible Bonds fund actively managed by Calamos. LVHI is passively managed, while CVRT is actively managed. Over the past year, LVHI returned 34.81% vs 44.00% for CVRT. Their 0.39 correlation means their historical movements had little consistent relationship. LVHI charges 0.40%/yr vs 0.69%/yr for CVRT.
Performance
LVHI vs. CVRT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LVHI achieves a 18.29% return, which is significantly lower than CVRT's 25.14% return.
LVHI
- 1D
- -0.70%
- 1M
- 5.74%
- 6M
- 13.36%
- YTD
- 18.29%
- 1Y
- 34.81%
- 3Y*
- 22.13%
- 5Y*
- 16.77%
- 10Y*
- 11.87%
- ALL TIME*
- 11.67%
CVRT
- 1D
- 0.21%
- 1M
- -5.94%
- 6M
- 16.26%
- YTD
- 25.14%
- 1Y
- 44.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $320.90K | $427.43K | $464.23K | |
| $37.17M | $30.23M | $26.64M |
LVHI vs. CVRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LVHI Franklin International Low Volatility High Dividend Index ETF | 18.29% | 27.12% | 14.81% | 8.53% |
CVRT Calamos Convertible Equity Alternative ETF | 25.14% | 29.37% | 13.23% | 11.44% |
Correlation
The correlation between LVHI and CVRT is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LVHI vs. CVRT — Risk / Return Rank
LVHI
CVRT
LVHI vs. CVRT - 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 Convertible Equity Alternative ETF (CVRT). 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 | CVRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.31 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 5.76 | 2.80 | +2.95 |
| Martin ratioReturn relative to average drawdown | 24.05 | 10.73 | +13.31 |
Loading charts...
Drawdowns
LVHI vs. CVRT - Drawdown Comparison
The maximum LVHI drawdown since its inception was -32.31%, which is greater than CVRT's maximum drawdown of -20.71%. Use the drawdown chart below to compare losses from any high point for LVHI and CVRT.
Loading charts...
Drawdown Indicators
| LVHI | CVRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -20.71% | -11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.08% | -15.77% | +9.69% |
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 | -0.70% | -12.25% | +11.55% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -3.34% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 4.12% | -2.67% |
Volatility
LVHI vs. CVRT - Volatility Comparison
The current volatility for Franklin International Low Volatility High Dividend Index ETF (LVHI) is 2.48%, while Calamos Convertible Equity Alternative ETF (CVRT) has a volatility of 7.93%. This indicates that LVHI experiences smaller price fluctuations and is considered to be less risky than CVRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LVHI | CVRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 7.93% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 19.78% | -12.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.46% | 24.03% | -14.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 20.55% | -9.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 20.55% | -6.85% |
LVHI vs. CVRT - Expense Ratio Comparison
LVHI has a 0.40% expense ratio, which is lower than CVRT's 0.69% expense ratio.
Dividends
LVHI vs. CVRT - Dividend Comparison
LVHI's dividend yield for the trailing twelve months is around 4.51%, more than CVRT's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CVRT Calamos Convertible Equity Alternative ETF | 1.58% | 1.68% | 1.49% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LVHI Franklin International Low Volatility High Dividend Index ETF | 4.51% | 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 CVRT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVRT has higher volatility (7.93%) compared to LVHI (2.48%). In terms of maximum drawdown, LVHI dropped -32.31% vs CVRT's -20.71%.
On 1-year performance, CVRT leads with 44.00% vs 34.81% for LVHI. On fees, LVHI is cheaper at 0.40% per year. On volatility, LVHI has been the lower-risk option at 2.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CVRT has performed better with a 44.00% return vs 34.81%. 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 0.69% for CVRT.
LVHI has the higher dividend yield at 4.51%, compared with 1.58% for CVRT.
LVHI is categorized as Dividend, while CVRT is Convertible Bonds. They also come from different issuers: Franklin Templeton and Calamos. Their fees differ too: 0.40% for LVHI and 0.69% for CVRT.
LVHI currently has the higher Sharpe Ratio (3.72 vs 1.84), 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.
Find the right allocation for LVHI and CVRT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer