RFFC vs. LVHI

Last updated Jun 23, 2026

RFFC (ALPS Active Equity Opportunity ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - RFFC is a Large Cap Blend Equities fund actively managed by SS&C, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. RFFC is actively managed, while LVHI is passively managed. Over the past 5 years, RFFC returned 12.28%/yr vs 16.01%/yr for LVHI. A 0.57 correlation means they provide meaningful diversification when combined. RFFC charges 0.48%/yr vs 0.40%/yr for LVHI.

Performance

RFFC vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Active Equity Opportunity ETF (RFFC) and Franklin International Low Volatility High Dividend Index ETF (LVHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFFC achieves a 11.06% return, which is significantly lower than LVHI's 12.58% return.

RFFC

• 1D: -0.17%
• 1M: 1.46%
• YTD: 11.06%
• 6M: 10.92%
• 1Y: 29.41%
• 3Y*: 21.13%
• 5Y*: 12.28%
• 10Y*: 12.76%

LVHI

• 1D: 0.27%
• 1M: -0.51%
• YTD: 12.58%
• 6M: 13.29%
• 1Y: 31.95%
• 3Y*: 21.74%
• 5Y*: 16.01%
• 10Y*: —

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

RFFC vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RFFC ALPS Active Equity Opportunity ETF	11.06%	16.83%	23.51%	19.50%	-14.58%	22.33%	12.48%	24.77%	-10.23%	21.02%
LVHI Franklin International Low Volatility High Dividend Index ETF	12.58%	27.12%	14.81%	17.45%	3.84%	18.19%	-8.76%	18.35%	-5.22%	12.26%

Correlation

The correlation between RFFC and LVHI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 28, 2016	0.57

The correlation between RFFC and LVHI shifts across timeframes, from 0.49 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

RFFC vs. LVHI - Sectors Allocation Comparison

Sectors	RFFC	LVHI
Technology	33.0%	0.1%
Industrials	12.2%	13.4%
Healthcare	11.7%	7.4%
Financial Services	10.9%	24.1%
Consumer Cyclical	9.3%	5.5%
Communication Services	8.7%	5.8%
Energy	4.8%	16.6%
Consumer Defensive	2.7%	8.6%
Utilities	2.4%	10.0%
Basic Materials	2.3%	6.8%
Real Estate	2.0%	1.8%

Return for Risk

RFFC vs. LVHI — Risk / Return Rank

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

RFFC

RFFC Risk / Return Rank: 75
RFFC Sharpe Ratio Rank: 77
RFFC Sortino Ratio Rank: 77
RFFC Omega Ratio Rank: 75
RFFC Calmar Ratio Rank: 66
RFFC Martin Ratio Rank: 77

LVHI

LVHI Risk / Return Rank: 93
LVHI Sharpe Ratio Rank: 94
LVHI Sortino Ratio Rank: 94
LVHI Omega Ratio Rank: 93
LVHI Calmar Ratio Rank: 90
LVHI Martin Ratio Rank: 92

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.

RFFC vs. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Active Equity Opportunity ETF (RFFC) and Franklin International Low Volatility High Dividend Index 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.

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.

	RFFC	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	2.38	3.34	-0.96
Sortino ratio: Return per unit of downside risk	3.30	4.57	-1.27
Omega ratio: Gain probability vs. loss probability	1.42	1.63	-0.21
Calmar ratio: Return relative to maximum drawdown	3.19	5.28	-2.09
Martin ratio: Return relative to average drawdown	14.52	21.86	-7.34

RFFC vs. LVHI - Sharpe Ratio Comparison

The current RFFC Sharpe Ratio is 2.38, which is comparable to the LVHI Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of RFFC and LVHI, 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

RFFC vs. LVHI - Drawdown Comparison

The maximum RFFC drawdown since its inception was -36.26%, which is greater than LVHI's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for RFFC and LVHI.

Drawdown Indicators

	RFFC	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-36.26%	-32.31%	-3.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-6.08%	-3.17%
Max Drawdown (3Y) Largest decline over 3 years	-18.45%	-11.99%	-6.46%
Max Drawdown (5Y) Largest decline over 5 years	-22.29%	-11.99%	-10.30%
Max Drawdown (10Y) Largest decline over 10 years	-36.26%	—	—
Current Drawdown Current decline from peak	-0.72%	-1.05%	+0.33%
Average Drawdown Average peak-to-trough decline	-5.00%	-3.50%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.47%	+0.56%

Volatility

RFFC vs. LVHI - Volatility Comparison

ALPS Active Equity Opportunity ETF (RFFC) has a higher volatility of 4.14% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.62%. This indicates that RFFC'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.

Volatility by Period

	RFFC	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.14%	2.62%	+1.52%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	7.70%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	9.63%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	11.08%	+5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	13.74%	+4.27%

RFFC vs. LVHI - Expense Ratio Comparison

RFFC has a 0.48% expense ratio, which is higher than LVHI's 0.40% expense ratio.

Dividends

RFFC vs. LVHI - Dividend Comparison

RFFC's dividend yield for the trailing twelve months is around 0.63%, less than LVHI's 4.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LVHI Franklin International Low Volatility High Dividend Index ETF	4.74%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%
RFFC ALPS Active Equity Opportunity ETF	0.63%	0.78%	1.05%	1.35%	1.41%	0.71%	1.79%	1.34%	1.36%	0.93%	0.66%

Frequently Asked Questions

Can I hold both RFFC and LVHI in my portfolio?

RFFC and LVHI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFFC or LVHI?

RFFC has higher volatility (4.14%) compared to LVHI (2.62%). In terms of maximum drawdown, RFFC dropped -36.26% vs LVHI's -32.31%.

Which ETF is better, RFFC or LVHI?

On 5-year performance, LVHI leads with 16.01% vs 12.28% for RFFC. On fees, LVHI is cheaper at 0.40% per year. On volatility, LVHI has been the lower-risk option at 2.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFFC or LVHI?

Over the 5-year period, LVHI has performed better with a 16.01% return vs 12.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFFC or LVHI?

LVHI is cheaper with a 0.40% expense ratio, compared with 0.48% for RFFC.

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

LVHI has the higher dividend yield at 4.74%, compared with 0.63% for RFFC.

What is the main difference between RFFC and LVHI?

RFFC is categorized as Large Cap Blend Equities, while LVHI is Volatility Hedged Equity. They also come from different issuers: SS&C and Franklin Templeton. Their fees differ too: 0.48% for RFFC and 0.40% for LVHI.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.34 vs 2.38), 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.