LVHI vs. PRFDX

Last updated Jun 13, 2026

LVHI (Franklin International Low Volatility High Dividend Index ETF) and PRFDX (T. Rowe Price Equity Income Fund) are both funds - LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR, while PRFDX is a Large Cap Value Equities fund managed by T. Rowe Price. Over the past 5 years, LVHI returned 15.97%/yr vs 9.69%/yr for PRFDX. A 0.63 correlation means they provide meaningful diversification when combined. LVHI charges 0.40%/yr vs 0.63%/yr for PRFDX.

Performance

LVHI vs. PRFDX - 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 T. Rowe Price Equity Income Fund (PRFDX). 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 PRFDX's 12.54% return.

LVHI

• 1D: 0.49%
• 1M: 1.30%
• YTD: 13.78%
• 6M: 14.96%
• 1Y: 31.64%
• 3Y*: 21.52%
• 5Y*: 15.97%
• 10Y*: —

PRFDX

• 1D: 1.76%
• 1M: 1.74%
• YTD: 12.54%
• 6M: 12.89%
• 1Y: 22.61%
• 3Y*: 16.25%
• 5Y*: 9.69%
• 10Y*: 11.90%

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

LVHI vs. PRFDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LVHI Franklin International Low Volatility High Dividend Index ETF	13.78%	27.12%	14.81%	17.45%	3.84%	18.19%	-8.76%	18.35%	-5.22%	12.26%
PRFDX T. Rowe Price Equity Income Fund	12.54%	14.60%	11.85%	9.75%	-3.25%	25.60%	1.28%	33.66%	-9.29%	15.46%

Correlation

The correlation between LVHI and PRFDX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jul 28, 2016	0.63

The correlation between LVHI and PRFDX has been stable across timeframes, ranging from 0.61 to 0.71 - a consistent structural relationship.

Return for Risk

LVHI vs. PRFDX — 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

PRFDX

PRFDX Risk / Return Rank: 78
PRFDX Sharpe Ratio Rank: 77
PRFDX Sortino Ratio Rank: 78
PRFDX Omega Ratio Rank: 73
PRFDX Calmar Ratio Rank: 81
PRFDX Martin Ratio Rank: 79

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. PRFDX - 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 T. Rowe Price Equity Income Fund (PRFDX). 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	PRFDX	Difference
Sharpe ratio: Return per unit of total volatility	3.31	2.11	+1.21
Sortino ratio: Return per unit of downside risk	4.54	3.04	+1.50
Omega ratio: Gain probability vs. loss probability	1.63	1.38	+0.25
Calmar ratio: Return relative to maximum drawdown	5.23	3.15	+2.08
Martin ratio: Return relative to average drawdown	21.61	11.66	+9.96

LVHI vs. PRFDX - Sharpe Ratio Comparison

The current LVHI Sharpe Ratio is 3.31, which is higher than the PRFDX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of LVHI and PRFDX, 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. PRFDX - Drawdown Comparison

The maximum LVHI drawdown since its inception was -32.31%, smaller than the maximum PRFDX drawdown of -58.12%. Use the drawdown chart below to compare losses from any high point for LVHI and PRFDX.

Drawdown Indicators

	LVHI	PRFDX	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-58.12%	+25.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-7.34%	+1.26%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-14.35%	+2.36%
Max Drawdown (5Y) Largest decline over 5 years	-11.99%	-18.08%	+6.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.71%	—
Current Drawdown Current decline from peak	0.00%	-0.23%	+0.23%
Average Drawdown Average peak-to-trough decline	-3.51%	-6.25%	+2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.97%	-0.49%

Volatility

LVHI vs. PRFDX - Volatility Comparison

The current volatility for Franklin International Low Volatility High Dividend Index ETF (LVHI) is 2.78%, while T. Rowe Price Equity Income Fund (PRFDX) has a volatility of 3.56%. This indicates that LVHI experiences smaller price fluctuations and is considered to be less risky than PRFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVHI	PRFDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	3.56%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	8.40%	-0.68%
Volatility (1Y) Calculated over the trailing 1-year period	9.60%	10.96%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.08%	14.98%	-3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.75%	17.87%	-4.12%

LVHI vs. PRFDX - Expense Ratio Comparison

LVHI has a 0.40% expense ratio, which is lower than PRFDX's 0.63% expense ratio.

Dividends

LVHI vs. PRFDX - Dividend Comparison

LVHI's dividend yield for the trailing twelve months is around 4.69%, more than PRFDX's 2.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
PRFDX T. Rowe Price Equity Income Fund	2.42%	2.76%	8.91%	6.19%	6.61%	8.78%	3.55%	12.53%	11.43%	8.97%	7.75%	7.48%

Frequently Asked Questions

Can I hold both LVHI and PRFDX in my portfolio?

LVHI and PRFDX have a correlation of 0.61, 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 PRFDX?

PRFDX has higher volatility (3.56%) compared to LVHI (2.78%). In terms of maximum drawdown, LVHI dropped -32.31% vs PRFDX's -58.12%.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.31 vs 2.11), 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.