VWAPY vs. LVHI

Last updated Jul 11, 2026

VWAPY (Volkswagen AG Pref 1/10 ADR) is a stock, while LVHI (Franklin International Low Volatility High Dividend Index ETF) is Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Over the past 5 years, VWAPY returned -12.25%/yr vs 16.12%/yr for LVHI. A 0.55 correlation means they provide meaningful diversification when combined.

Performance

VWAPY vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volkswagen AG Pref 1/10 ADR (VWAPY) 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, VWAPY achieves a -28.81% return, which is significantly lower than LVHI's 14.97% return.

VWAPY

• 1D: -0.98%
• 1M: -15.54%
• 6M: -28.64%
• YTD: -28.81%
• 1Y: -21.20%
• 3Y*: -9.77%
• 5Y*: -12.25%
• 10Y*: —

LVHI

• 1D: 0.44%
• 1M: 1.05%
• 6M: 12.76%
• YTD: 14.97%
• 1Y: 31.74%
• 3Y*: 21.97%
• 5Y*: 16.12%
• 10Y*: —

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

VWAPY vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VWAPY Volkswagen AG Pref 1/10 ADR	-28.81%	41.45%	-19.79%	6.32%	-25.04%	9.55%	-1.17%	27.00%	-0.09%
LVHI Franklin International Low Volatility High Dividend Index ETF	14.97%	27.12%	14.81%	17.45%	3.84%	18.19%	-8.76%	18.35%	-5.05%

Correlation

The correlation between VWAPY and LVHI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 15, 2018	0.55

The correlation between VWAPY and LVHI has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

Return for Risk

VWAPY vs. LVHI — Risk / Return Rank

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

VWAPY

VWAPY Risk / Return Rank: 14
VWAPY Sharpe Ratio Rank: 13
VWAPY Sortino Ratio Rank: 14
VWAPY Omega Ratio Rank: 16
VWAPY Calmar Ratio Rank: 20
VWAPY Martin Ratio Rank: 6

LVHI

LVHI Risk / Return Rank: 95
LVHI Sharpe Ratio Rank: 96
LVHI Sortino Ratio Rank: 96
LVHI Omega Ratio Rank: 96
LVHI Calmar Ratio Rank: 93
LVHI Martin Ratio Rank: 94

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.

VWAPY vs. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volkswagen AG Pref 1/10 ADR (VWAPY) 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.

	VWAPY	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	3.31	-4.04
Sortino ratio: Return per unit of downside risk	-0.97	4.58	-5.55
Omega ratio: Gain probability vs. loss probability	0.90	1.63	-0.74
Calmar ratio: Return relative to maximum drawdown	-0.65	5.25	-5.89
Martin ratio: Return relative to average drawdown	-1.52	21.55	-23.07

VWAPY vs. LVHI - Sharpe Ratio Comparison

The current VWAPY Sharpe Ratio is -0.72, which is lower than the LVHI Sharpe Ratio of 3.31. The chart below compares the historical Sharpe Ratios of VWAPY 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

VWAPY vs. LVHI - Drawdown Comparison

The maximum VWAPY drawdown since its inception was -59.11%, which is greater than LVHI's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for VWAPY and LVHI.

Drawdown Indicators

	VWAPY	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-59.11%	-32.31%	-26.80%
Max Drawdown (1Y) Largest decline over 1 year	-33.11%	-6.08%	-27.03%
Max Drawdown (3Y) Largest decline over 3 years	-34.62%	-11.99%	-22.63%
Max Drawdown (5Y) Largest decline over 5 years	-52.79%	-11.99%	-40.80%
Current Drawdown Current decline from peak	-55.25%	0.00%	-55.25%
Average Drawdown Average peak-to-trough decline	-31.27%	-3.49%	-27.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.02%	1.48%	+12.54%

Volatility

VWAPY vs. LVHI - Volatility Comparison

Volkswagen AG Pref 1/10 ADR (VWAPY) has a higher volatility of 11.59% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.75%. This indicates that VWAPY'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

	VWAPY	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.59%	2.75%	+8.84%
Volatility (6M) Calculated over the trailing 6-month period	21.86%	7.74%	+14.12%
Volatility (1Y) Calculated over the trailing 1-year period	29.62%	9.64%	+19.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.30%	11.07%	+20.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.95%	13.72%	+22.23%

Dividends

VWAPY vs. LVHI - Dividend Comparison

VWAPY's dividend yield for the trailing twelve months is around 7.53%, more than LVHI's 4.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LVHI Franklin International Low Volatility High Dividend Index ETF	4.64%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%
VWAPY Volkswagen AG Pref 1/10 ADR	7.53%	5.95%	10.65%	7.68%	21.99%	1.92%	3.08%	1.82%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VWAPY and LVHI in my portfolio?

VWAPY and LVHI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VWAPY or LVHI?

VWAPY has higher volatility (11.59%) compared to LVHI (2.75%). In terms of maximum drawdown, VWAPY dropped -59.11% vs LVHI's -32.31%.

Which has better risk-adjusted returns?

LVHI currently has the higher Sharpe Ratio (3.31 vs -0.72), 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.