LVHD vs VOO
Franklin U.S. Low Volatility High Dividend Index ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | LVHD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.27% | 0.03% | |
| AUM | $644M | $979.0B | |
| Dividend Yield | 3.12% | 1.09% | |
| Holdings | 117 | 509 | |
| YTD Return | +12.09% | +13.72% | |
| 1Y Return | +12.08% | +21.63% | |
| 3Y Return (annualized) | +10.78% | +21.55% | |
| 5Y Return (annualized) | +6.98% | +13.26% | |
| Volatility (annualized) | 13.6% | 14.1% | |
| Max Drawdown | -37.3% | -34.3% | |
| Fund Family | Franklin Templeton Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 28, 2015 | Sep 7, 2010 |
LVHD vs VOO Performance
Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is a ETF from Franklin Templeton Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year LVHD returned +12.08% while VOO returned +21.63%. Year to date, LVHD is up 12.09% versus a gain of 13.72% for VOO.
Over three years, LVHD compounded at +10.78% per year against +21.55% for VOO; over five years the annualized figures are +6.98% and +13.26% respectively. Across the full 11-year window we track, VOO has the edge at +13.56% annualized vs +7.35%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.6% 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 -37.3% for LVHD and -34.3% for VOO. 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
LVHD charges 0.27% per year while VOO charges 0.03%. On a $10,000 position that is $27 vs $3 annually, a gap of $24 per year that compounds over a long holding period. On income, LVHD currently yields 3.12% against 1.09% for VOO.
Holdings Overlap
LVHD and VOO 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, LVHD or VOO?
LVHD has an expense ratio of 0.27% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, LVHD or VOO?
Over the past year LVHD returned +12.08% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), LVHD annualized +7.35% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, LVHD or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.6% for LVHD. Worst drawdown: LVHD -37.3% vs VOO -34.3%.
Should I hold both LVHD and VOO?
LVHD and VOO 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 LVHD and VOO?
LVHD and VOO share 57 common holdings with a 7.4% weight overlap. Combined, they hold 562 unique securities.
Which pays a higher dividend, LVHD or VOO?
LVHD yields 3.12% while VOO yields 1.09%, so LVHD currently pays the higher dividend yield.
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