LVHI vs. FLUD

Last updated Jun 14, 2026

LVHI (Franklin International Low Volatility High Dividend Index ETF) and FLUD (Franklin Ultra Short Bond 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 FLUD is a Ultrashort Bond fund actively managed by Franklin Templeton. LVHI is passively managed, while FLUD is actively managed. Over the past 5 years, LVHI returned 15.97%/yr vs 3.63%/yr for FLUD. At a 0.03 correlation, their price movements are largely independent. LVHI charges 0.40%/yr vs 0.15%/yr for FLUD.

Performance

LVHI vs. FLUD - 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 Franklin Ultra Short Bond ETF (FLUD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVHI achieves a 13.78% return, which is significantly higher than FLUD's 1.52% return.

LVHI

• 1D: 0.49%
• 1M: 0.84%
• YTD: 13.78%
• 6M: 14.96%
• 1Y: 32.13%
• 3Y*: 21.52%
• 5Y*: 15.97%
• 10Y*: —

FLUD

• 1D: -0.16%
• 1M: 0.19%
• YTD: 1.52%
• 6M: 1.69%
• 1Y: 4.48%
• 3Y*: 5.27%
• 5Y*: 3.63%
• 10Y*: —

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

LVHI vs. FLUD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LVHI Franklin International Low Volatility High Dividend Index ETF	13.78%	27.12%	14.81%	17.45%	3.84%	18.19%	6.42%
FLUD Franklin Ultra Short Bond ETF	1.52%	5.36%	5.44%	5.95%	0.16%	0.09%	0.71%

Correlation

The correlation between LVHI and FLUD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020	0.03

Return for Risk

LVHI vs. FLUD — Risk / Return Rank

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

LVHI

LVHI Risk / Return Rank: 94
LVHI Sharpe Ratio Rank: 95
LVHI Sortino Ratio Rank: 95
LVHI Omega Ratio Rank: 94
LVHI Calmar Ratio Rank: 92
LVHI Martin Ratio Rank: 93

FLUD

FLUD Risk / Return Rank: 95
FLUD Sharpe Ratio Rank: 91
FLUD Sortino Ratio Rank: 94
FLUD Omega Ratio Rank: 94
FLUD Calmar Ratio Rank: 98
FLUD Martin Ratio Rank: 97

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. FLUD - 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 Franklin Ultra Short Bond ETF (FLUD). 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	FLUD	Difference
Sharpe ratio: Return per unit of total volatility	3.31	2.78	+0.53
Sortino ratio: Return per unit of downside risk	4.54	4.50	+0.05
Omega ratio: Gain probability vs. loss probability	1.63	1.61	+0.02
Calmar ratio: Return relative to maximum drawdown	5.23	10.53	-5.29
Martin ratio: Return relative to average drawdown	21.61	41.86	-20.24

LVHI vs. FLUD - Sharpe Ratio Comparison

The current LVHI Sharpe Ratio is 3.31, which is comparable to the FLUD Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of LVHI and FLUD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LVHI vs. FLUD - Drawdown Comparison

The maximum LVHI drawdown since its inception was -32.31%, which is greater than FLUD's maximum drawdown of -1.66%. Use the drawdown chart below to compare losses from any high point for LVHI and FLUD.

Drawdown Indicators

	LVHI	FLUD	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-1.66%	-30.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-0.44%	-5.64%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-0.59%	-11.40%
Max Drawdown (5Y) Largest decline over 5 years	-11.99%	-1.66%	-10.33%
Current Drawdown Current decline from peak	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	-3.51%	-0.24%	-3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	0.11%	+1.37%

Volatility

LVHI vs. FLUD - Volatility Comparison

Franklin International Low Volatility High Dividend Index ETF (LVHI) has a higher volatility of 2.78% compared to Franklin Ultra Short Bond ETF (FLUD) at 0.38%. This indicates that LVHI's price experiences larger fluctuations and is considered to be riskier than FLUD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVHI	FLUD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	0.38%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	0.78%	+6.94%
Volatility (1Y) Calculated over the trailing 1-year period	9.60%	1.65%	+7.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.08%	1.34%	+9.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.75%	1.26%	+12.49%

LVHI vs. FLUD - Expense Ratio Comparison

LVHI has a 0.40% expense ratio, which is higher than FLUD's 0.15% expense ratio.

Dividends

LVHI vs. FLUD - Dividend Comparison

LVHI's dividend yield for the trailing twelve months is around 4.69%, more than FLUD's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FLUD Franklin Ultra Short Bond ETF	4.27%	4.51%	4.97%	4.72%	1.39%	0.92%	0.93%	0.00%	0.00%	0.00%	0.00%
LVHI Franklin International Low Volatility High Dividend Index ETF	4.69%	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 FLUD in my portfolio?

LVHI and FLUD have a correlation of 0.11, 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 FLUD?

LVHI has higher volatility (2.78%) compared to FLUD (0.38%). In terms of maximum drawdown, LVHI dropped -32.31% vs FLUD's -1.66%.

Which ETF is better, LVHI or FLUD?

On 5-year performance, LVHI leads with 15.97% vs 3.63% for FLUD. On fees, FLUD is cheaper at 0.15% per year. On volatility, FLUD has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LVHI or FLUD?

Over the 5-year period, LVHI has performed better with a 15.97% return vs 3.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LVHI or FLUD?

FLUD is cheaper with a 0.15% expense ratio, compared with 0.40% for LVHI.

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

LVHI has the higher dividend yield at 4.69%, compared with 4.27% for FLUD.

What is the main difference between LVHI and FLUD?

LVHI is categorized as Volatility Hedged Equity, while FLUD is Ultrashort Bond. Their fees differ too: 0.40% for LVHI and 0.15% for FLUD.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.31 vs 2.78), 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.