LVHI vs. XME

Last updated Jun 9, 2026

LVHI (Franklin International Low Volatility High Dividend Index ETF) and XME (SPDR S&P Metals & Mining 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 XME is a Materials fund tracking the S&P Metals & Mining Select Industry Index. Both are passively managed. Over the past 5 years, LVHI returned 15.67%/yr vs 21.45%/yr for XME. At a 0.43 correlation, their price movements are largely independent. LVHI charges 0.40%/yr vs 0.35%/yr for XME.

Performance

LVHI vs. XME - 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 SPDR S&P Metals & Mining ETF (XME). 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 XME's 14.53% return.

LVHI

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

XME

• 1D: -0.01%
• 1M: -1.95%
• YTD: 14.53%
• 6M: 20.99%
• 1Y: 84.92%
• 3Y*: 35.78%
• 5Y*: 21.45%
• 10Y*: 19.09%

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

LVHI vs. XME - 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%
XME SPDR S&P Metals & Mining ETF	14.53%	83.47%	-4.54%	21.51%	13.13%	34.92%	15.95%	14.69%	-26.78%	21.17%

Correlation

The correlation between LVHI and XME is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jul 29, 2016	0.43

The correlation between LVHI and XME shifts across timeframes, from 0.37 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.

LVHI vs. XME - Sectors Allocation Comparison

Sectors	LVHI	XME
Financial Services	23.6%	-
Energy	17.4%	23.4%
Industrials	13.4%	0.4%
Utilities	10.4%	-
Consumer Defensive	8.7%	0.8%
Healthcare	7.4%	-
Basic Materials	6.1%	75.3%
Communication Services	5.8%	-
Consumer Cyclical	5.3%	-
Real Estate	1.9%	-
Technology	0.1%	2.2%

Return for Risk

LVHI vs. XME — 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

XME

XME Risk / Return Rank: 72
XME Sharpe Ratio Rank: 82
XME Sortino Ratio Rank: 70
XME Omega Ratio Rank: 70
XME Calmar Ratio Rank: 80
XME Martin Ratio Rank: 59

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. XME - 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 SPDR S&P Metals & Mining ETF (XME). 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	XME	Difference
Sharpe ratio: Return per unit of total volatility	3.10	2.40	+0.70
Sortino ratio: Return per unit of downside risk	4.24	2.85	+1.39
Omega ratio: Gain probability vs. loss probability	1.58	1.37	+0.21
Calmar ratio: Return relative to maximum drawdown	4.84	3.78	+1.06
Martin ratio: Return relative to average drawdown	19.99	9.55	+10.43
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. XME - Sharpe Ratio Comparison

The current LVHI Sharpe Ratio is 3.10, which is comparable to the XME Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of LVHI and XME, 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	XME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	2.40	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.42	0.66	+0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.16	+0.65

Drawdowns

LVHI vs. XME - Drawdown Comparison

The maximum LVHI drawdown since its inception was -32.31%, smaller than the maximum XME drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for LVHI and XME.

Drawdown Indicators

	LVHI	XME	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-85.89%	+53.58%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	-22.60%	+16.52%
Max Drawdown (3Y) Largest decline over 3 years	-11.99%	-30.47%	+18.48%
Max Drawdown (5Y) Largest decline over 5 years	-11.99%	-37.27%	+25.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-61.69%	—
Current Drawdown Current decline from peak	-1.79%	-10.72%	+8.93%
Average Drawdown Average peak-to-trough decline	-3.52%	-44.12%	+40.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	8.92%	-7.45%

Volatility

LVHI vs. XME - Volatility Comparison

The current volatility for Franklin International Low Volatility High Dividend Index ETF (LVHI) is 2.35%, while SPDR S&P Metals & Mining ETF (XME) has a volatility of 14.01%. This indicates that LVHI experiences smaller price fluctuations and is considered to be less risky than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVHI	XME	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	14.01%	-11.66%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	27.83%	-20.25%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	35.60%	-26.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.07%	32.72%	-21.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.76%	32.91%	-19.15%

LVHI vs. XME - Expense Ratio Comparison

LVHI has a 0.40% expense ratio, which is higher than XME's 0.35% expense ratio.

Dividends

LVHI vs. XME - Dividend Comparison

LVHI's dividend yield for the trailing twelve months is around 4.79%, more than XME's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XME SPDR S&P Metals & Mining ETF	0.32%	0.38%	0.65%	1.00%	1.64%	0.70%	0.99%	2.43%	2.23%	1.15%	1.02%	2.61%

Frequently Asked Questions

Can I hold both LVHI and XME in my portfolio?

LVHI and XME have a correlation of 0.37, 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 XME?

XME has higher volatility (14.01%) compared to LVHI (2.35%). In terms of maximum drawdown, LVHI dropped -32.31% vs XME's -85.89%.

Which ETF is better, LVHI or XME?

On 5-year performance, XME leads with 21.45% vs 15.67% for LVHI. On fees, XME is cheaper at 0.35% 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 XME?

Over the 5-year period, XME has performed better with a 21.45% 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 XME?

XME is cheaper with a 0.35% expense ratio, compared with 0.40% for LVHI.

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

LVHI has the higher dividend yield at 4.79%, compared with 0.32% for XME.

What is the main difference between LVHI and XME?

LVHI is categorized as Volatility Hedged Equity, while XME is Materials. LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR, while XME tracks S&P Metals & Mining Select Industry Index. They also come from different issuers: Franklin Templeton and State Street. Their fees differ too: 0.40% for LVHI and 0.35% for XME.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.10 vs 2.40), 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.