XSD vs. LVHI

Last updated Jun 13, 2026

XSD (SPDR S&P Semiconductor ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - XSD is a Semiconductors fund tracking the S&P Semiconductor Select Industry 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, XSD returned 27.60%/yr vs 15.97%/yr for LVHI. At a 0.42 correlation, their price movements are largely independent. XSD charges 0.35%/yr vs 0.40%/yr for LVHI.

Performance

XSD vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Semiconductor ETF (XSD) 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, XSD achieves a 88.46% return, which is significantly higher than LVHI's 13.78% return.

XSD

• 1D: 1.37%
• 1M: 7.35%
• YTD: 88.46%
• 6M: 84.83%
• 1Y: 147.81%
• 3Y*: 40.43%
• 5Y*: 27.60%
• 10Y*: 30.26%

LVHI

• 1D: 0.49%
• 1M: 1.30%
• YTD: 13.78%
• 6M: 14.96%
• 1Y: 31.64%
• 3Y*: 21.52%
• 5Y*: 15.97%
• 10Y*: —

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

XSD vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSD SPDR S&P Semiconductor ETF	88.46%	29.85%	10.75%	34.87%	-30.92%	42.54%	61.95%	64.66%	-6.35%	25.21%
LVHI Franklin International Low Volatility High Dividend Index ETF	13.78%	27.12%	14.81%	17.45%	3.84%	18.19%	-8.76%	18.35%	-5.22%	12.26%

Correlation

The correlation between XSD and LVHI is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jul 28, 2016	0.42

XSD vs. LVHI - Sectors Allocation Comparison

Sectors	XSD	LVHI
Technology	97.8%	0.1%
Energy	2.2%	17.4%
Basic Materials	-	6.1%
Communication Services	-	5.8%
Consumer Cyclical	-	5.3%
Consumer Defensive	-	8.7%
Financial Services	-	23.6%
Healthcare	-	7.4%
Industrials	-	13.4%
Real Estate	-	1.9%
Utilities	-	10.4%

Return for Risk

XSD vs. LVHI — Risk / Return Rank

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

XSD

XSD Risk / Return Rank: 94
XSD Sharpe Ratio Rank: 96
XSD Sortino Ratio Rank: 92
XSD Omega Ratio Rank: 91
XSD Calmar Ratio Rank: 96
XSD Martin Ratio Rank: 95

LVHI

LVHI Risk / Return Rank: 94
LVHI Sharpe Ratio Rank: 95
LVHI Sortino Ratio Rank: 95
LVHI Omega Ratio Rank: 94
LVHI Calmar Ratio Rank: 92
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.

XSD vs. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Semiconductor ETF (XSD) 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.

	XSD	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	3.80	3.31	+0.49
Sortino ratio: Return per unit of downside risk	3.94	4.54	-0.60
Omega ratio: Gain probability vs. loss probability	1.53	1.63	-0.10
Calmar ratio: Return relative to maximum drawdown	7.99	5.23	+2.76
Martin ratio: Return relative to average drawdown	26.64	21.61	+5.03

XSD vs. LVHI - Sharpe Ratio Comparison

The current XSD Sharpe Ratio is 3.80, which is comparable to the LVHI Sharpe Ratio of 3.31. The chart below compares the historical Sharpe Ratios of XSD 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

XSD vs. LVHI - Drawdown Comparison

The maximum XSD drawdown since its inception was -64.56%, which is greater than LVHI's maximum drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for XSD and LVHI.

Drawdown Indicators

	XSD	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-64.56%	-32.31%	-32.25%
Max Drawdown (1Y) Largest decline over 1 year	-18.61%	-6.08%	-12.53%
Max Drawdown (3Y) Largest decline over 3 years	-41.25%	-11.99%	-29.26%
Max Drawdown (5Y) Largest decline over 5 years	-42.27%	-11.99%	-30.28%
Max Drawdown (10Y) Largest decline over 10 years	-42.27%	—	—
Current Drawdown Current decline from peak	-6.77%	0.00%	-6.77%
Average Drawdown Average peak-to-trough decline	-13.73%	-3.51%	-10.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	1.48%	+4.09%

Volatility

XSD vs. LVHI - Volatility Comparison

SPDR S&P Semiconductor ETF (XSD) has a higher volatility of 20.05% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.78%. This indicates that XSD'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

	XSD	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.05%	2.78%	+17.27%
Volatility (6M) Calculated over the trailing 6-month period	31.79%	7.72%	+24.07%
Volatility (1Y) Calculated over the trailing 1-year period	39.14%	9.60%	+29.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.80%	11.08%	+27.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.26%	13.75%	+21.51%

XSD vs. LVHI - Expense Ratio Comparison

XSD has a 0.35% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

XSD vs. LVHI - Dividend Comparison

XSD's dividend yield for the trailing twelve months is around 0.13%, less than LVHI's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVHI Franklin International Low Volatility High Dividend Index ETF	4.69%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%	0.00%
XSD SPDR S&P Semiconductor ETF	0.13%	0.26%	0.20%	0.31%	0.44%	0.10%	0.26%	0.51%	1.16%	0.59%	0.64%	0.58%

Frequently Asked Questions

Can I hold both XSD and LVHI in my portfolio?

XSD and LVHI have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XSD or LVHI?

XSD has higher volatility (20.05%) compared to LVHI (2.78%). In terms of maximum drawdown, XSD dropped -64.56% vs LVHI's -32.31%.

Which ETF is better, XSD or LVHI?

On 5-year performance, XSD leads with 27.60% vs 15.97% for LVHI. On fees, XSD is cheaper at 0.35% per year. On volatility, LVHI has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSD or LVHI?

Over the 5-year period, XSD has performed better with a 27.60% return vs 15.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSD or LVHI?

XSD is cheaper with a 0.35% expense ratio, compared with 0.40% for LVHI.

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

LVHI has the higher dividend yield at 4.69%, compared with 0.13% for XSD.

What is the main difference between XSD and LVHI?

XSD is categorized as Semiconductors, while LVHI is Volatility Hedged Equity. XSD tracks S&P Semiconductor Select Industry Index, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: State Street and Franklin Templeton. Their fees differ too: 0.35% for XSD and 0.40% for LVHI.

Which has better risk-adjusted returns?

XSD currently has the higher Sharpe Ratio (3.80 vs 3.31), 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.