MADVX vs. LVHD
MADVX (BlackRock Equity Dividend Fund Institutional Shares) and LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) are both funds - MADVX is a Large Cap Value Equities fund actively managed by BlackRock, while LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index. MADVX is actively managed, while LVHD is passively managed. Over the past 10 years, MADVX returned 11.92%/yr vs 8.29%/yr for LVHD. Their 0.73 correlation means they have sometimes moved together and sometimes differently. MADVX charges 0.71%/yr vs 0.27%/yr for LVHD.
Performance
MADVX vs. LVHD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MADVX achieves a 17.98% return, which is significantly higher than LVHD's 13.89% return. Over the past 10 years, MADVX has outperformed LVHD with an annualized return of 11.92%, while LVHD has yielded a comparatively lower 8.29% annualized return.
MADVX
- 1D
- 1.38%
- 1M
- 3.05%
- 6M
- 12.88%
- YTD
- 17.98%
- 1Y
- 29.84%
- 3Y*
- 17.18%
- 5Y*
- 11.66%
- 10Y*
- 11.92%
- ALL TIME*
- 10.19%
LVHD
- 1D
- 0.28%
- 1M
- -0.29%
- 6M
- 6.64%
- YTD
- 13.89%
- 1Y
- 14.10%
- 3Y*
- 10.58%
- 5Y*
- 7.41%
- 10Y*
- 8.29%
- ALL TIME*
- 9.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.99M | $2.45M | $2.90M | |
| $0.00 | $0.00 | $0.00 |
MADVX vs. LVHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund Institutional Shares | 17.98% | 21.70% | 6.98% | 12.71% | -3.97% | 20.13% | 4.03% | 27.58% | -7.15% | 16.31% |
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 13.89% | 7.50% | 10.18% | -0.95% | -1.82% | 26.90% | -1.28% | 22.91% | -5.58% | 14.25% |
Correlation
The correlation between MADVX and LVHD is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2015 | 0.73 |
Over the past year, the correlation between MADVX and LVHD has dropped to 0.52 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MADVX vs. LVHD — Risk / Return Rank
MADVX
LVHD
MADVX vs. LVHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund Institutional Shares (MADVX) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). 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.
| MADVX | LVHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.23 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 2.30 | +1.17 |
| Martin ratioReturn relative to average drawdown | 14.87 | 5.67 | +9.20 |
Loading charts...
Drawdowns
MADVX vs. LVHD - Drawdown Comparison
The maximum MADVX drawdown since its inception was -50.00%, which is greater than LVHD's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for MADVX and LVHD.
Loading charts...
Drawdown Indicators
| MADVX | LVHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.00% | -37.32% | -12.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -6.17% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -15.22% | -11.87% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -16.75% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -35.94% | -37.32% | +1.38% |
Current DrawdownCurrent decline from peak | 0.00% | -1.85% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -4.00% | -1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.50% | -0.40% |
Volatility
MADVX vs. LVHD - Volatility Comparison
The current volatility for BlackRock Equity Dividend Fund Institutional Shares (MADVX) is 3.45%, while Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) has a volatility of 4.13%. This indicates that MADVX experiences smaller price fluctuations and is considered to be less risky than LVHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MADVX | LVHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 4.13% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.51% | 8.31% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 10.51% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 13.04% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.31% | 15.58% | +0.73% |
MADVX vs. LVHD - Expense Ratio Comparison
MADVX has a 0.71% expense ratio, which is higher than LVHD's 0.27% expense ratio.
Dividends
MADVX vs. LVHD - Dividend Comparison
MADVX's dividend yield for the trailing twelve months is around 13.81%, more than LVHD's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 3.19% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% | 0.00% |
MADVX BlackRock Equity Dividend Fund Institutional Shares | 13.81% | 10.23% | 8.58% | 7.08% | 13.50% | 12.15% | 6.35% | 13.15% | 14.04% | 14.38% | 7.98% | 18.44% |
Frequently Asked Questions
MADVX and LVHD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LVHD has higher volatility (4.13%) compared to MADVX (3.45%). In terms of maximum drawdown, MADVX dropped -50.00% vs LVHD's -37.32%.
MADVX currently has the higher Sharpe Ratio (2.65 vs 1.35), 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.
Find the right allocation for MADVX and LVHD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer