IVV vs LVHI
iShares Core S&P 500 ETF vs Franklin International Low Volatility High Dividend Index ETF
Quick Verdict
IVV has a lower expense ratio. LVHI delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | LVHI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.40% | |
| AUM | $907.0B | $5.6B | |
| Dividend Yield | 1.10% | 3.76% | |
| Holdings | 508 | 300 | |
| YTD Return | +12.71% | +15.32% | |
| 1Y Return | +21.89% | +26.73% | |
| 3Y Return (annualized) | +22.08% | +23.46% | |
| 5Y Return (annualized) | +12.96% | +16.08% | |
| Volatility (annualized) | 15.1% | 11.0% | |
| Max Drawdown | -56.5% | -32.3% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 27, 2016 |
IVV vs LVHI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Franklin International Low Volatility High Dividend Index ETF (LVHI) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +21.89% while LVHI returned +26.73%. Year to date, IVV is up 12.71% versus a gain of 15.32% for LVHI.
Over three years, IVV compounded at +22.08% per year against +23.46% for LVHI; over five years the annualized figures are +12.96% and +16.08% respectively. Across the full 10-year window we track, LVHI has the edge at +11.48% annualized vs +7.00%. 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 11.0% for LVHI. 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 -32.3% for LVHI. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while LVHI charges 0.40%. On a $10,000 position that is $3 vs $40 annually, a gap of $37 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.76% for LVHI.
Holdings Overlap
IVV and LVHI share 0 holdings out of 698 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or LVHI?
IVV has an expense ratio of 0.03% while LVHI charges 0.40%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, IVV or LVHI?
Over the past year IVV returned +21.89% vs +26.73% for LVHI, so LVHI leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.00% vs +11.48% for LVHI. Past performance does not guarantee future results.
Which is riskier, IVV or LVHI?
IVV has been the more volatile fund at 15.1% annualized versus 11.0% for LVHI. Worst drawdown: IVV -56.5% vs LVHI -32.3%.
Should I hold both IVV and LVHI?
IVV and LVHI have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and LVHI?
IVV and LVHI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 698 unique securities.
Which pays a higher dividend, IVV or LVHI?
IVV yields 1.10% while LVHI yields 3.76%, so LVHI currently pays the higher dividend yield.
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