LVHD
Franklin U.S. Low Volatility High Dividend Index ETF
The Legg Mason Low Volatility High Dividend ETF tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
585.3 M
ASSETS UNDER MGMT
27 bp
EXPENSES
Fund Basics
| Fund sponsor | Legg Mason |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 28, 2015 |
| Assets (mns) | $585 |
| Expense ratio | 27 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ALTRIA GROUP INC | 3.3 % |
| PHILIP MORRIS INTERNATIONAL | 3.1 % |
| JOHNSON & JOHNSON | 2.9 % |
| INTL BUSINESS MACHINES CORP | 2.9 % |
| MCDONALD'S CORP | 2.8 % |
| COCA-COLA CO/THE | 2.6 % |
| SOUTHERN CO | 2.6 % |
| CISCO SYSTEMS INC | 2.6 % |
| CHEVRON CORP | 2.6 % |
| DUKE ENERGY CORP | 2.5 % |
Constituent Breakdown
| Number of holdings | 120 |
| Herfindahl-Hirschman Index | 184 |
| Wgt avg mkt cap (mns) | $102,259 |
| Large cap (>$10bn) | 88.7% |
| Mid cap ($2-10bn) | 11.0% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 100.4% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.6 % |
 |
BRITAIN | 0.8 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.8% | 0.7% | 10.0% | 2.8% | 6.5% | -- | -- | 4.8% |
| Dividend Yield | 0.8% | 2.7% | 3.8% | 3.6% | 3.5% | -- | -- | 3.4% |
| Total Returns | 5.6% | 3.3% | 13.8% | 6.4% | 10.0% | -- | -- | 8.3% | Ann. Volatility | 13.4% | 13.0% | 12.3% | 12.6% | 13.3% | -- | -- | 15.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.57 | 35% |
| MSCI EAFE | 0.62 | 55% |
| MSCI Emg Mkts | 0.51 | 43% |
Liquidity Measures
| Avg. volume (000) | 45 |
| ADV traded (mns) | $2 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| Recent close | $40.18 |
| 30d moving avg. | $40.50 |
| Annualized volatility | 12.5% |
| Relative strength (RSI) | 46 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FDV | Federated Hermes U.S. Strategic Dividend ETF | 40.0% | +23 bp | +7.8% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 37.2% | +8 bp | +7.8% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 37.1% | +11 bp | +7.8% |
| HDV | iShares Core High Dividend ETF | 34.8% | -19 bp | +7.1% |
| DHS | WisdomTree U.S. High Dividend Fund | 33.3% | +11 bp | +8.1% |
| MDLV | Morgan Dempsey Large Cap Value ETF | 31.3% | +31 bp | +7.3% |
| DURA | VanEck Durable High Dividend ETF | 30.8% | +2 bp | +8.0% |
| XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 29.0% | -2 bp | +5.5% |
| SPLV | Invesco S&P 500 Low Volatility ETF | 29.0% | -2 bp | +5.5% |
| SCHD | Schwab US Dividend Equity ETF | 28.4% | -21 bp | +10.0% |
Risk and Returns: LVHD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/14/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
LVHD
7.3%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 997 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. LVHD's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places LVHD in the 75th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LVHDSELL
U/W
HOLD
O/W
BUY