LVHI vs. UDIV

Last updated Aug 4, 2026

LVHI (Franklin International Low Volatility High Dividend Index ETF) and UDIV (Franklin U.S. Core Dividend Tilt Index ETF) are both Dividend funds from Franklin Templeton - LVHI tracks the Franklin International Low Volatility High Dividend Hedged Index-NR while UDIV tracks the Linked Morningstar US Dividend Enhanced Select Index. Both are passively managed. Over the past 10 years, LVHI returned 11.79%/yr vs 11.74%/yr for UDIV. Their 0.58 correlation means they have sometimes moved together and sometimes differently. LVHI charges 0.40%/yr vs 0.06%/yr for UDIV.

Performance

LVHI vs. UDIV - 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 U.S. Core Dividend Tilt Index ETF (UDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVHI achieves a 18.07% return, which is significantly higher than UDIV's 15.34% return. Both investments have delivered pretty close results over the past 10 years, with LVHI having a 11.79% annualized return and UDIV not far behind at 11.74%.

LVHI

• 1D: -0.19%
• 1M: 3.87%
• 6M: 12.27%
• YTD: 18.07%
• 1Y: 35.95%
• 3Y*: 22.77%
• 5Y*: 16.64%
• 10Y*: 11.79%
• ALL TIME*: 11.64%

UDIV

• 1D: 1.29%
• 1M: 1.88%
• 6M: 12.09%
• YTD: 15.34%
• 1Y: 27.20%
• 3Y*: 22.93%
• 5Y*: 14.20%
• 10Y*: 11.74%
• ALL TIME*: 11.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LVHI Franklin International Low Volatility High Dividend Index ETF	$35.67M	$30.40M	$26.81M
UDIV Franklin U.S. Core Dividend Tilt Index ETF	$440.44K	$429.58K	$923.42K

LVHI vs. UDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LVHI Franklin International Low Volatility High Dividend Index ETF	18.07%	27.12%	14.81%	17.45%	3.84%	18.19%	-8.76%	18.35%	-5.22%	12.26%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	15.34%	19.00%	25.61%	25.21%	-15.00%	19.66%	5.54%	24.60%	-8.83%	17.44%

Correlation

The correlation between LVHI and UDIV is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (10Y) Provides a long-term view across more market conditions.	0.58
Correlation (All Time) Calculated using the full available price history since Jul 28, 2016	0.58

The correlation between LVHI and UDIV shifts across timeframes, from 0.40 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

LVHI vs. UDIV - Sectors Allocation Comparison

Sectors	LVHI	UDIV
Financial Services	25.1%	11.4%
Energy	14.0%	3.3%
Industrials	13.3%	6.0%
Consumer Defensive	10.4%	5.4%
Utilities	10.4%	2.7%
Healthcare	7.2%	7.7%
Basic Materials	6.3%	0.7%
Communication Services	6.1%	10.1%
Consumer Cyclical	5.0%	8.9%
Real Estate	2.2%	3.7%
Technology	0.1%	40.3%

Return for Risk

LVHI vs. UDIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LVHI

LVHI Risk / Return Rank: 97
LVHI Sharpe Ratio Rank: 98
LVHI Sortino Ratio Rank: 97
LVHI Omega Ratio Rank: 97
LVHI Calmar Ratio Rank: 96
LVHI Martin Ratio Rank: 96

UDIV

UDIV Risk / Return Rank: 85
UDIV Sharpe Ratio Rank: 87
UDIV Sortino Ratio Rank: 84
UDIV Omega Ratio Rank: 85
UDIV Calmar Ratio Rank: 84
UDIV Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LVHI vs. UDIV - 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 U.S. Core Dividend Tilt Index ETF (UDIV). 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	UDIV	Difference
Sharpe ratio: Return per unit of total volatility	3.87	2.11	+1.76
Sortino ratio: Return per unit of downside risk	5.30	2.86	+2.44
Omega ratio: Gain probability vs. loss probability	1.75	1.38	+0.37
Calmar ratio: Return relative to maximum drawdown	5.94	3.24	+2.71
Martin ratio: Return relative to average drawdown	24.81	13.30	+11.51

LVHI vs. UDIV - Sharpe Ratio Comparison

The current LVHI Sharpe Ratio is 3.87, which is higher than the UDIV Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of LVHI and UDIV, 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. UDIV - Drawdown Comparison

The maximum LVHI drawdown since its inception was -32.31%, smaller than the maximum UDIV drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for LVHI and UDIV.

Drawdown Indicators

	LVHI	UDIV	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-35.21%	+2.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-8.44%	+2.36%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-19.19%	+7.20%
Max Drawdown (5Y) Largest decline over 5 years	-11.99%	-23.18%	+11.19%
Max Drawdown (10Y) Largest decline over 10 years	-32.31%	-35.21%	+2.90%
Current Drawdown Current decline from peak	-0.88%	-0.39%	-0.49%
Average Drawdown Average peak-to-trough decline	-3.47%	-4.60%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	2.05%	-0.60%

Volatility

LVHI vs. UDIV - Volatility Comparison

The current volatility for Franklin International Low Volatility High Dividend Index ETF (LVHI) is 2.09%, while Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a volatility of 4.09%. This indicates that LVHI experiences smaller price fluctuations and is considered to be less risky than UDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVHI	UDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.09%	4.09%	-2.00%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	10.33%	-2.75%
Volatility (1Y) Calculated over the trailing 1-year period	9.35%	13.00%	-3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	15.67%	-4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.70%	16.18%	-2.48%

LVHI vs. UDIV - Expense Ratio Comparison

LVHI has a 0.40% expense ratio, which is higher than UDIV's 0.06% expense ratio.

Dividends

LVHI vs. UDIV - Dividend Comparison

LVHI's dividend yield for the trailing twelve months is around 4.52%, more than UDIV's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LVHI Franklin International Low Volatility High Dividend Index ETF	4.52%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%
UDIV Franklin U.S. Core Dividend Tilt Index ETF	1.46%	1.53%	2.05%	1.91%	3.20%	2.97%	2.90%	3.40%	3.74%	3.47%	1.63%

Frequently Asked Questions

Can I hold both LVHI and UDIV in my portfolio?

LVHI and UDIV have a correlation of 0.40, 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 UDIV?

UDIV has higher volatility (4.09%) compared to LVHI (2.09%). In terms of maximum drawdown, LVHI dropped -32.31% vs UDIV's -35.21%.

Which ETF is better, LVHI or UDIV?

On 10-year performance, LVHI leads with 11.79% vs 11.74% for UDIV. On fees, UDIV is cheaper at 0.06% per year. On volatility, LVHI has been the lower-risk option at 2.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LVHI or UDIV?

Over the 10-year period, LVHI has performed better with a 11.79% return vs 11.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LVHI or UDIV?

UDIV is cheaper with a 0.06% expense ratio, compared with 0.40% for LVHI.

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

LVHI has the higher dividend yield at 4.52%, compared with 1.46% for UDIV.

What is the main difference between LVHI and UDIV?

LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR, while UDIV tracks Linked Morningstar US Dividend Enhanced Select Index. Their fees differ too: 0.40% for LVHI and 0.06% for UDIV.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.87 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.