LVHI vs. MWOFX

Last updated Jun 4, 2026

LVHI (Legg Mason International Low Volatility High Dividend ETF) and MWOFX (MFS Global Growth Fund) are both funds - LVHI is a Volatility Hedged Equity fund tracking the QS International Low Volatility High Dividend Hedged Index, while MWOFX is a Global Equities fund managed by MFS. Over the past 5 years, LVHI returned 15.80%/yr vs 4.13%/yr for MWOFX. A 0.58 correlation means they provide meaningful diversification when combined. LVHI charges 0.40%/yr vs 1.22%/yr for MWOFX.

Performance

LVHI vs. MWOFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Legg Mason International Low Volatility High Dividend ETF (LVHI) and MFS Global Growth Fund (MWOFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVHI achieves a 11.71% return, which is significantly higher than MWOFX's -2.13% return.

LVHI

• 1D: -0.17%
• 1M: 1.49%
• YTD: 11.71%
• 6M: 13.79%
• 1Y: 29.95%
• 3Y*: 20.91%
• 5Y*: 15.80%
• 10Y*: —

MWOFX

• 1D: -0.23%
• 1M: 1.91%
• YTD: -2.13%
• 6M: -1.52%
• 1Y: 3.58%
• 3Y*: 8.04%
• 5Y*: 4.13%
• 10Y*: 10.46%

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

LVHI vs. MWOFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LVHI Legg Mason International Low Volatility High Dividend ETF	11.71%	27.12%	14.81%	17.45%	3.84%	18.19%	-8.76%	18.35%	-5.22%	12.26%
MWOFX MFS Global Growth Fund	-2.13%	7.17%	10.68%	20.63%	-19.28%	18.33%	20.23%	35.37%	-4.94%	31.13%

Correlation

The correlation between LVHI and MWOFX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 29, 2016	0.58

The correlation between LVHI and MWOFX shifts across timeframes, from 0.47 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LVHI vs. MWOFX — Risk / Return Rank

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

LVHI

LVHI Risk / Return Rank: 89
LVHI Sharpe Ratio Rank: 90
LVHI Sortino Ratio Rank: 91
LVHI Omega Ratio Rank: 90
LVHI Calmar Ratio Rank: 87
LVHI Martin Ratio Rank: 89

MWOFX

MWOFX Risk / Return Rank: 4
MWOFX Sharpe Ratio Rank: 5
MWOFX Sortino Ratio Rank: 4
MWOFX Omega Ratio Rank: 4
MWOFX Calmar Ratio Rank: 4
MWOFX Martin Ratio Rank: 4

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. MWOFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Legg Mason International Low Volatility High Dividend ETF (LVHI) and MFS Global Growth Fund (MWOFX). 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	MWOFX	Difference
Sharpe ratio Return per unit of total volatility	3.19	0.33	+2.85
Sortino ratio Return per unit of downside risk	4.37	0.54	+3.82
Omega ratio Gain probability vs. loss probability	1.60	1.06	+0.53
Calmar ratio Return relative to maximum drawdown	4.95	0.29	+4.66
Martin ratio Return relative to average drawdown	20.63	0.91	+19.72
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. MWOFX - Sharpe Ratio Comparison

The current LVHI Sharpe Ratio is 3.19, which is higher than the MWOFX Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of LVHI and MWOFX, 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	MWOFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.19	0.33	+2.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.44	0.26	+1.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.48	+0.33

Drawdowns

LVHI vs. MWOFX - Drawdown Comparison

The maximum LVHI drawdown since its inception was -32.31%, smaller than the maximum MWOFX drawdown of -56.10%. Use the drawdown chart below to compare losses from any high point for LVHI and MWOFX.

Drawdown Indicators

	LVHI	MWOFX	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-56.10%	+23.79%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-13.82%	+7.74%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-16.45%	+4.46%
Max Drawdown (5Y) Largest decline over 5 years	-11.99%	-27.64%	+15.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.68%	—
Current Drawdown Current decline from peak	-1.56%	-4.48%	+2.92%
Average Drawdown Average peak-to-trough decline	-3.52%	-11.91%	+8.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	4.40%	-2.94%

Volatility

LVHI vs. MWOFX - Volatility Comparison

Legg Mason International Low Volatility High Dividend ETF (LVHI) and MFS Global Growth Fund (MWOFX) have volatilities of 3.05% and 3.15%, 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.

Volatility by Period

	LVHI	MWOFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	3.15%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	7.50%	9.37%	-1.87%
Volatility (1Y) Calculated over the trailing 1-year period	9.45%	12.06%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	15.80%	-4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	16.61%	-2.85%

LVHI vs. MWOFX - Expense Ratio Comparison

LVHI has a 0.40% expense ratio, which is lower than MWOFX's 1.22% expense ratio.

Dividends

LVHI vs. MWOFX - Dividend Comparison

LVHI's dividend yield for the trailing twelve months is around 4.50%, less than MWOFX's 5.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVHI Legg Mason International Low Volatility High Dividend ETF	4.50%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%	0.00%
MWOFX MFS Global Growth Fund	5.54%	5.42%	5.14%	2.09%	3.60%	6.25%	3.13%	1.86%	5.00%	3.43%	1.68%	6.08%

Frequently Asked Questions

Can I hold both LVHI and MWOFX in my portfolio?

LVHI and MWOFX have a correlation of 0.47, 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 MWOFX?

MWOFX has higher volatility (3.15%) compared to LVHI (3.05%). In terms of maximum drawdown, LVHI dropped -32.31% vs MWOFX's -56.10%.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.19 vs 0.33), 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.