Legg Mason Low Volatility High Dividend ETF (LVHD) Performance
LVHD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.0% since Dec 31, 2025
- 1 year
- +12.4% total return
- 5 years
- +7.3% a year
- 10 years
- +8.7% a year
- Since first price
- +9.0% a year since 2015
LVHD trailing returns vs SPY, QQQ, AGG
| Period | LVHD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +6.1% | +6.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.4% | −0.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.4% | +3.7% | +7.8% | +8.4% | −1.5% |
| YTD | +14.0% | +12.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.4% | +8.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +52.3%+15.1%/yr | +36.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +42.2%+7.3%/yr | +19.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +129.6%+8.7%/yr | +63.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionDec 29, 2015 | +153.1%+9.0%/yr | +76.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LVHD vs SPY
From Dec 29, 2015: LVHD grew to $25,308, SPY to $43,572.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LVHD returns by calendar year
6 of 10 full years positive. Best 2021 (+26.9%), worst 2018 (−5.6%). 2026 is year to date.
LVHD annual returns table
| Year | LVHD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.0% | −9.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.5% | −8.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.2% | −7.2% | +24.9% | +25.6% | +1.3% |
| 2023 | −0.9% | −14.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −1.8% | −16.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +26.9% | −5.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −1.3% | −37.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +22.9% | −4.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −5.6% | −11.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +14.2% | −3.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +17.9% | −6.3% | +12.0% | +7.1% | +2.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LVHD largest drawdowns
Now 1.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 23, 2020 | −37.3% | Mar 23, 2020 | Mar 8, 2021 | 2 months | 1.1 years |
| Apr 20, 2022 | −16.8% | Oct 12, 2022 | Jul 17, 2024 | 6 months | 2.2 years |
| Dec 3, 2018 | −11.6% | Dec 24, 2018 | Feb 15, 2019 | 21 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LVHD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +11.0% | +6.5% | +7.6% | +8.4% |
| Volatility (annualized) | 12.2% | 14.1% | 13.9% | 13.6% |
| Sharpe ratio | 0.56 | 0.26 | 0.44 | 0.50 |
| Sortino ratio | 0.91 | 0.39 | 0.63 | 0.74 |
| Best month | +7.5% | +9.5% | +10.4% | +10.4% |
| Worst month | −6.2% | −9.5% | −15.4% | −15.4% |
| Best 12 months | +25.4% | +25.4% | +40.9% | +40.9% |
| Worst 12 months | +2.5% | −7.8% | −16.8% | −16.8% |
| Positive months | 64% | 58% | 63% | 63% |
| Beta vs S&P 500 | 0.36 | 0.57 | 0.69 | — |
| Correlation with S&P 500 | 0.37 | 0.63 | 0.76 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LVHD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 119 | −16.8% | +8.9% | +40.9% | 80% |
| 3-year (a year) | 95 | −1.5% | +8.1% | +16.8% | 99% |
| 5-year (a year) | 71 | +5.2% | +8.1% | +13.7% | 100% |
| 10-year (a year) | 11 | +7.6% | +8.2% | +9.5% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
LVHD performance overview
Legg Mason Low Volatility High Dividend ETF (LVHD) returned +12.4% over the past year and +8.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +9.0% a year, turning $10,000 into about $25,308. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −37.3%, from Jan 23, 2020 to Mar 23, 2020, and it took 11 months to get back to the old high. LVHD finished 6 of its 10 full calendar years with a gain; the best year was 2021 (+26.9%) and the worst 2018 (−5.6%). Volatility has been 13.6% a year.
Related: LVHD chart, LVHD holdings, LVHD dividends, LVHD valuation. See the LVHD overview for the latest quote and fund facts.
LVHD performance FAQ
What is the LVHD return over the past year?
LVHD returned +12.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.5%.
What is the average annual return of LVHD?
LVHD has returned +7.3% a year over 5 years, +8.7% a year over 10 years, +9.0% a year since December 29, 2015 (total return, distributions reinvested).
How much would $10,000 invested in LVHD be worth?
$10,000 invested in LVHD at its first recorded close on December 29, 2015 would be worth about $25,308 on October 23, 2026 with distributions reinvested.
What was the worst year for LVHD?
The worst calendar year was 2018, with a total return of −5.6%. The best was 2021 at +26.9%.
What is the biggest drawdown of LVHD?
The largest peak-to-trough decline was −37.3% between January 23, 2020 and March 23, 2020. It recovered to the old high on March 8, 2021, 11 months after the bottom.
How volatile is LVHD?
Over the past 3 years LVHD had an annualized volatility of 12.2% and a Sharpe ratio of 0.56 (excess return over 1–3 month T-bills per unit of risk).