IVV vs LVHD
iShares Core S&P 500 ETF vs Franklin U.S. Low Volatility High Dividend Index ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | LVHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.27% | |
| AUM | $865.2B | $644M | |
| Dividend Yield | 1.09% | 3.12% | |
| Holdings | 508 | 117 | |
| YTD Return | +14.50% | +12.95% | |
| 1Y Return | +22.02% | +11.73% | |
| 3Y Return (annualized) | +21.80% | +11.05% | |
| 5Y Return (annualized) | +13.37% | +7.02% | |
| Volatility (annualized) | 15.1% | 13.5% | |
| Max Drawdown | -56.5% | -37.3% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 28, 2015 |
IVV vs LVHD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +22.02% while LVHD returned +11.73%. Year to date, IVV is up 14.50% versus a gain of 12.95% for LVHD.
Over three years, IVV compounded at +21.80% per year against +11.05% for LVHD; over five years the annualized figures are +13.37% and +7.02% respectively. Across the full 11-year window we track, LVHD has the edge at +7.43% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.5% for LVHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -37.3% for LVHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while LVHD charges 0.27%. On a $10,000 position that is $3 vs $27 annually, a gap of $24 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.12% for LVHD.
Holdings Overlap
IVV and LVHD share 57 holdings out of 562 unique holdings combined, representing a 7.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or LVHD?
IVV has an expense ratio of 0.03% while LVHD charges 0.27%. IVV is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, IVV or LVHD?
Over the past year IVV returned +22.02% vs +11.73% for LVHD, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +7.07% vs +7.43% for LVHD. Past performance does not guarantee future results.
Which is riskier, IVV or LVHD?
IVV has been the more volatile fund at 15.1% annualized versus 13.5% for LVHD. Worst drawdown: IVV -56.5% vs LVHD -37.3%.
Should I hold both IVV and LVHD?
IVV and LVHD have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LVHD?
IVV and LVHD share 57 common holdings with a 7.4% weight overlap. Combined, they hold 562 unique securities.
Which pays a higher dividend, IVV or LVHD?
IVV yields 1.09% while LVHD yields 3.12%, so LVHD currently pays the higher dividend yield.
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