PTTRX vs. LVHD

Last updated Jun 13, 2026

PTTRX (PIMCO Total Return Fund Institutional Class) and LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) are both funds - PTTRX is a Total Bond Market fund managed by PIMCO, while LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index. Over the past 10 years, PTTRX returned 2.29%/yr vs 8.41%/yr for LVHD. At a 0.10 correlation, their price movements are largely independent. PTTRX charges 0.47%/yr vs 0.27%/yr for LVHD.

Performance

PTTRX vs. LVHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Total Return Fund Institutional Class (PTTRX) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTTRX achieves a 0.64% return, which is significantly lower than LVHD's 10.95% return. Over the past 10 years, PTTRX has underperformed LVHD with an annualized return of 2.29%, while LVHD has yielded a comparatively higher 8.41% annualized return.

PTTRX

• 1D: 0.69%
• 1M: 0.88%
• YTD: 0.64%
• 6M: 1.49%
• 1Y: 6.46%
• 3Y*: 5.45%
• 5Y*: 0.58%
• 10Y*: 2.29%

LVHD

• 1D: 0.64%
• 1M: 3.86%
• YTD: 10.95%
• 6M: 10.48%
• 1Y: 13.29%
• 3Y*: 10.12%
• 5Y*: 6.90%
• 10Y*: 8.41%

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

PTTRX vs. LVHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTTRX PIMCO Total Return Fund Institutional Class	0.64%	9.35%	2.62%	6.33%	-14.72%	-0.59%	8.88%	8.36%	-0.24%	5.13%
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	10.95%	7.50%	10.18%	-0.95%	-1.82%	26.90%	-1.28%	22.91%	-5.58%	14.25%

Correlation

The correlation between PTTRX and LVHD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Dec 29, 2015	0.10

The correlation between PTTRX and LVHD shifts across timeframes, from 0.10 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PTTRX vs. LVHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTTRX

PTTRX Risk / Return Rank: 38
PTTRX Sharpe Ratio Rank: 41
PTTRX Sortino Ratio Rank: 43
PTTRX Omega Ratio Rank: 42
PTTRX Calmar Ratio Rank: 36
PTTRX Martin Ratio Rank: 30

LVHD

LVHD Risk / Return Rank: 43
LVHD Sharpe Ratio Rank: 44
LVHD Sortino Ratio Rank: 45
LVHD Omega Ratio Rank: 40
LVHD Calmar Ratio Rank: 49
LVHD Martin Ratio Rank: 39

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.

PTTRX vs. LVHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Total Return Fund Institutional Class (PTTRX) 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.

	PTTRX	LVHD	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.37	+0.10
Sortino ratio: Return per unit of downside risk	2.17	2.03	+0.14
Omega ratio: Gain probability vs. loss probability	1.27	1.23	+0.04
Calmar ratio: Return relative to maximum drawdown	1.83	2.16	-0.33
Martin ratio: Return relative to average drawdown	5.48	5.43	+0.05

PTTRX vs. LVHD - Sharpe Ratio Comparison

The current PTTRX Sharpe Ratio is 1.47, which is comparable to the LVHD Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of PTTRX and LVHD, 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

PTTRX vs. LVHD - Drawdown Comparison

The maximum PTTRX drawdown since its inception was -19.28%, smaller than the maximum LVHD drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for PTTRX and LVHD.

Drawdown Indicators

	PTTRX	LVHD	Difference
Max Drawdown Largest peak-to-trough decline	-19.28%	-37.32%	+18.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.69%	-6.17%	+2.48%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	-14.29%	+8.11%
Max Drawdown (5Y) Largest decline over 5 years	-19.28%	-16.75%	-2.53%
Max Drawdown (10Y) Largest decline over 10 years	-19.28%	-37.32%	+18.04%
Current Drawdown Current decline from peak	-1.49%	-1.07%	-0.42%
Average Drawdown Average peak-to-trough decline	-2.19%	-4.04%	+1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	2.46%	-1.23%

Volatility

PTTRX vs. LVHD - Volatility Comparison

The current volatility for PIMCO Total Return Fund Institutional Class (PTTRX) is 1.77%, while Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) has a volatility of 3.54%. This indicates that PTTRX 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.

Volatility by Period

	PTTRX	LVHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.77%	3.54%	-1.77%
Volatility (6M) Calculated over the trailing 6-month period	3.61%	6.96%	-3.35%
Volatility (1Y) Calculated over the trailing 1-year period	4.63%	9.77%	-5.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	12.91%	-6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.23%	15.52%	-10.29%

PTTRX vs. LVHD - Expense Ratio Comparison

PTTRX has a 0.47% expense ratio, which is higher than LVHD's 0.27% expense ratio.

Dividends

PTTRX vs. LVHD - Dividend Comparison

PTTRX's dividend yield for the trailing twelve months is around 4.54%, more than LVHD's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	3.27%	3.35%	4.23%	3.55%	3.30%	2.56%	3.27%	3.30%	3.82%	3.33%	2.48%	0.00%
PTTRX PIMCO Total Return Fund Institutional Class	4.54%	4.47%	4.61%	3.81%	3.63%	2.59%	6.11%	3.96%	3.13%	2.63%	3.02%	6.64%

Frequently Asked Questions

Can I hold both PTTRX and LVHD in my portfolio?

PTTRX and LVHD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTTRX or LVHD?

LVHD has higher volatility (3.54%) compared to PTTRX (1.77%). In terms of maximum drawdown, PTTRX dropped -19.28% vs LVHD's -37.32%.

Which has better risk-adjusted returns?

PTTRX currently has the higher Sharpe Ratio (1.47 vs 1.37), 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.