LVHI vs. DXJ

Last updated Jun 9, 2026

LVHI (Franklin International Low Volatility High Dividend Index ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 5 years, LVHI returned 15.67%/yr vs 25.93%/yr for DXJ. A 0.60 correlation means they provide meaningful diversification when combined. LVHI charges 0.40%/yr vs 0.48%/yr for DXJ.

Performance

LVHI vs. DXJ - 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 WisdomTree Japan Hedged Equity Fund (DXJ). 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 lower than DXJ's 17.86% return.

LVHI

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

DXJ

• 1D: 0.39%
• 1M: 2.00%
• YTD: 17.86%
• 6M: 21.01%
• 1Y: 51.36%
• 3Y*: 31.77%
• 5Y*: 25.93%
• 10Y*: 18.23%

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

LVHI vs. DXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LVHI Franklin International Low Volatility High Dividend Index ETF	11.45%	27.12%	14.81%	17.45%	3.84%	18.19%	-8.76%	18.35%	-5.22%	12.26%
DXJ WisdomTree Japan Hedged Equity Fund	17.86%	32.78%	29.83%	42.04%	5.96%	17.99%	3.94%	18.94%	-19.78%	22.81%

Correlation

The correlation between LVHI and DXJ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jul 29, 2016	0.60

The correlation between LVHI and DXJ has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

LVHI vs. DXJ - Sectors Allocation Comparison

Sectors	LVHI	DXJ
Financial Services	23.6%	18.3%
Energy	17.4%	1.7%
Industrials	13.4%	27.4%
Utilities	10.4%	0.1%
Consumer Defensive	8.7%	4.7%
Healthcare	7.4%	6.8%
Basic Materials	6.1%	8.5%
Communication Services	5.8%	2.7%
Consumer Cyclical	5.3%	15.6%
Real Estate	1.9%	-
Technology	0.1%	12.9%

Return for Risk

LVHI vs. DXJ — 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

DXJ

DXJ Risk / Return Rank: 90
DXJ Sharpe Ratio Rank: 92
DXJ Sortino Ratio Rank: 91
DXJ Omega Ratio Rank: 90
DXJ Calmar Ratio Rank: 88
DXJ Martin Ratio Rank: 89

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. DXJ - 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 WisdomTree Japan Hedged Equity Fund (DXJ). 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	DXJ	Difference
Sharpe ratio: Return per unit of total volatility	3.10	2.94	+0.16
Sortino ratio: Return per unit of downside risk	4.24	3.96	+0.28
Omega ratio: Gain probability vs. loss probability	1.58	1.53	+0.05
Calmar ratio: Return relative to maximum drawdown	4.84	4.70	+0.14
Martin ratio: Return relative to average drawdown	19.99	18.34	+1.65
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. DXJ - Sharpe Ratio Comparison

The current LVHI Sharpe Ratio is 3.10, which is comparable to the DXJ Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of LVHI and DXJ, 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	DXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	2.94	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.42	1.37	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.42	+0.39

Drawdowns

LVHI vs. DXJ - Drawdown Comparison

The maximum LVHI drawdown since its inception was -32.31%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for LVHI and DXJ.

Drawdown Indicators

	LVHI	DXJ	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-49.63%	+17.32%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-10.98%	+4.90%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-22.19%	+10.20%
Max Drawdown (5Y) Largest decline over 5 years	-11.99%	-22.19%	+10.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	-1.79%	-2.06%	+0.27%
Average Drawdown Average peak-to-trough decline	-3.52%	-14.33%	+10.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	2.81%	-1.34%

Volatility

LVHI vs. DXJ - Volatility Comparison

The current volatility for Franklin International Low Volatility High Dividend Index ETF (LVHI) is 2.35%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 4.19%. This indicates that LVHI experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVHI	DXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	4.19%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	13.33%	-5.75%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	17.58%	-8.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.07%	19.00%	-7.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	20.19%	-6.43%

LVHI vs. DXJ - Expense Ratio Comparison

LVHI has a 0.40% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

LVHI vs. DXJ - Dividend Comparison

LVHI's dividend yield for the trailing twelve months is around 4.79%, more than DXJ's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXJ WisdomTree Japan Hedged Equity Fund	1.10%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
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%	0.00%

Frequently Asked Questions

Can I hold both LVHI and DXJ in my portfolio?

LVHI and DXJ have a correlation of 0.60, 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 DXJ?

DXJ has higher volatility (4.19%) compared to LVHI (2.35%). In terms of maximum drawdown, LVHI dropped -32.31% vs DXJ's -49.63%.

Which ETF is better, LVHI or DXJ?

On 5-year performance, DXJ leads with 25.93% vs 15.67% for LVHI. 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 DXJ?

Over the 5-year period, DXJ has performed better with a 25.93% return vs 15.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LVHI or DXJ?

LVHI is cheaper with a 0.40% expense ratio, compared with 0.48% for DXJ.

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

LVHI has the higher dividend yield at 4.79%, compared with 1.10% for DXJ.

What is the main difference between LVHI and DXJ?

LVHI is categorized as Volatility Hedged Equity, while DXJ is Japan Equities. LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.40% for LVHI and 0.48% for DXJ.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.10 vs 2.94), 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.