VTV vs. LVHI

Last updated Jun 16, 2026

VTV (Vanguard Value ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, VTV returned 12.12%/yr vs 15.66%/yr for LVHI. A 0.62 correlation means they provide meaningful diversification when combined. VTV charges 0.04%/yr vs 0.40%/yr for LVHI.

Performance

VTV vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Value ETF (VTV) 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, VTV achieves a 14.90% return, which is significantly higher than LVHI's 13.06% return.

VTV

• 1D: 0.53%
• 1M: 5.60%
• YTD: 14.90%
• 6M: 14.16%
• 1Y: 28.57%
• 3Y*: 18.04%
• 5Y*: 12.12%
• 10Y*: 12.81%

LVHI

• 1D: -0.63%
• 1M: 1.03%
• YTD: 13.06%
• 6M: 13.70%
• 1Y: 31.29%
• 3Y*: 21.07%
• 5Y*: 15.66%
• 10Y*: —

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

VTV vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTV Vanguard Value ETF	14.90%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%
LVHI Franklin International Low Volatility High Dividend Index ETF	13.06%	27.12%	14.81%	17.45%	3.84%	18.19%	-8.76%	18.35%	-5.22%	12.26%

Correlation

The correlation between VTV and LVHI is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jul 28, 2016	0.62

The correlation between VTV and LVHI has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

VTV vs. LVHI - Sectors Allocation Comparison

Sectors	VTV	LVHI
Financial Services	22.3%	24.1%
Healthcare	14.5%	7.4%
Industrials	14.0%	13.4%
Technology	13.4%	0.1%
Consumer Defensive	9.4%	8.6%
Energy	8.1%	16.6%
Utilities	5.2%	10.0%
Consumer Cyclical	4.0%	5.5%
Communication Services	3.3%	5.8%
Basic Materials	3.1%	6.8%
Real Estate	2.8%	1.8%

Return for Risk

VTV vs. LVHI — Risk / Return Rank

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

VTV

VTV Risk / Return Rank: 89
VTV Sharpe Ratio Rank: 91
VTV Sortino Ratio Rank: 92
VTV Omega Ratio Rank: 89
VTV Calmar Ratio Rank: 87
VTV Martin Ratio Rank: 88

LVHI

LVHI Risk / Return Rank: 93
LVHI Sharpe Ratio Rank: 94
LVHI Sortino Ratio Rank: 94
LVHI Omega Ratio Rank: 94
LVHI Calmar Ratio Rank: 91
LVHI Martin Ratio Rank: 93

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.

VTV vs. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) 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.

	VTV	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	2.78	3.27	-0.49
Sortino ratio: Return per unit of downside risk	3.94	4.48	-0.54
Omega ratio: Gain probability vs. loss probability	1.50	1.62	-0.12
Calmar ratio: Return relative to maximum drawdown	4.52	5.17	-0.65
Martin ratio: Return relative to average drawdown	17.04	21.39	-4.35

VTV vs. LVHI - Sharpe Ratio Comparison

The current VTV Sharpe Ratio is 2.78, which is comparable to the LVHI Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of VTV 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

VTV vs. LVHI - Drawdown Comparison

The maximum VTV drawdown since its inception was -59.27%, which is greater than LVHI's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for VTV and LVHI.

Drawdown Indicators

	VTV	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-32.31%	-26.96%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-6.08%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	-11.99%	-2.53%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-11.99%	-5.05%
Max Drawdown (10Y) Largest decline over 10 years	-36.78%	—	—
Current Drawdown Current decline from peak	0.00%	-0.63%	+0.63%
Average Drawdown Average peak-to-trough decline	-7.86%	-3.51%	-4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.47%	+0.21%

Volatility

VTV vs. LVHI - Volatility Comparison

Vanguard Value ETF (VTV) has a higher volatility of 3.35% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.83%. This indicates that VTV'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

	VTV	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	2.83%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	7.76%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	10.36%	9.63%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	11.09%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.69%	13.75%	+2.94%

VTV vs. LVHI - Expense Ratio Comparison

VTV has a 0.04% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

VTV vs. LVHI - Dividend Comparison

VTV's dividend yield for the trailing twelve months is around 1.82%, less than LVHI's 4.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVHI Franklin International Low Volatility High Dividend Index ETF	4.72%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%	0.00%
VTV Vanguard Value ETF	1.82%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VTV and LVHI in my portfolio?

VTV and LVHI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTV or LVHI?

VTV has higher volatility (3.35%) compared to LVHI (2.83%). In terms of maximum drawdown, VTV dropped -59.27% vs LVHI's -32.31%.

Which ETF is better, VTV or LVHI?

On 5-year performance, LVHI leads with 15.66% vs 12.12% for VTV. On fees, VTV is cheaper at 0.04% per year. On volatility, LVHI has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTV or LVHI?

Over the 5-year period, LVHI has performed better with a 15.66% return vs 12.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTV or LVHI?

VTV is cheaper with a 0.04% expense ratio, compared with 0.40% for LVHI.

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

LVHI has the higher dividend yield at 4.72%, compared with 1.82% for VTV.

What is the main difference between VTV and LVHI?

VTV is categorized as Large Cap Value Equities, while LVHI is Volatility Hedged Equity. VTV tracks CRSP US Large Cap Value Index, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: Vanguard and Franklin Templeton. Their fees differ too: 0.04% for VTV and 0.40% for LVHI.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.27 vs 2.78), 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.