PID vs. LVHI
Compare and contrast key facts about Invesco International Dividend Achievers™ ETF (PID) and Legg Mason International Low Volatility High Dividend ETF (LVHI).
PID and LVHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PID is a passively managed fund by Invesco that tracks the performance of the Nasdaq International Dividend Achievers (NR). It was launched on Sep 15, 2005. LVHI is a passively managed fund by Franklin Templeton that tracks the performance of the QS International Low Volatility High Dividend Hedged Index. It was launched on Jul 27, 2016. Both PID and LVHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PID or LVHI.
Key characteristics
| PID | LVHI | |
|---|---|---|
| YTD Return | 6.09% | 13.95% |
| 1Y Return | 15.06% | 17.70% |
| 3Y Return (Ann) | 4.79% | 12.30% |
| 5Y Return (Ann) | 6.65% | 8.39% |
| Sharpe Ratio | 1.50 | 2.04 |
| Sortino Ratio | 2.15 | 2.68 |
| Omega Ratio | 1.27 | 1.38 |
| Calmar Ratio | 2.07 | 2.98 |
| Martin Ratio | 8.03 | 14.47 |
| Ulcer Index | 2.30% | 1.31% |
| Daily Std Dev | 12.32% | 9.33% |
| Max Drawdown | -66.34% | -32.31% |
| Current Drawdown | -5.16% | -2.63% |
Correlation
The correlation between PID and LVHI is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PID vs. LVHI - Performance Comparison
In the year-to-date period, PID achieves a 6.09% return, which is significantly lower than LVHI's 13.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PID vs. LVHI - Expense Ratio Comparison
PID has a 0.56% expense ratio, which is higher than LVHI's 0.40% expense ratio.
Risk-Adjusted Performance
PID vs. LVHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Dividend Achievers™ ETF (PID) and Legg Mason International Low Volatility High Dividend ETF (LVHI). 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.
Dividends
PID vs. LVHI - Dividend Comparison
PID's dividend yield for the trailing twelve months is around 3.78%, less than LVHI's 6.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PID Invesco International Dividend Achievers™ ETF | 3.78% | 3.31% | 3.29% | 3.29% | 3.17% | 4.00% | 3.86% | 3.46% | 3.91% | 4.48% | 3.92% | 2.17% |
LVHI Legg Mason International Low Volatility High Dividend ETF | 6.42% | 8.12% | 7.74% | 4.13% | 3.97% | 6.67% | 10.66% | 1.97% | 1.16% | 0.00% | 0.00% | 0.00% |
Drawdowns
PID vs. LVHI - Drawdown Comparison
The maximum PID drawdown since its inception was -66.34%, which is greater than LVHI's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for PID and LVHI. For additional features, visit the drawdowns tool.
Volatility
PID vs. LVHI - Volatility Comparison
Invesco International Dividend Achievers™ ETF (PID) has a higher volatility of 2.99% compared to Legg Mason International Low Volatility High Dividend ETF (LVHI) at 2.56%. This indicates that PID's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.