LOWV vs. EIVPX

Last updated Jun 4, 2026

LOWV (AB US Low Volatility Equity ETF) and EIVPX (Parametric Volatility Risk Premium - Defensive Fund) are both funds - LOWV is a Large Cap Blend Equities fund actively managed by AllianceBernstein, while EIVPX is a Options Trading fund managed by Eaton Vance. Over the past 3 years, LOWV returned 15.49%/yr vs 14.23%/yr for EIVPX. Their correlation of 0.89 suggests significant overlap in exposure. LOWV charges 0.48%/yr vs 0.47%/yr for EIVPX.

Performance

LOWV vs. EIVPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB US Low Volatility Equity ETF (LOWV) and Parametric Volatility Risk Premium - Defensive Fund (EIVPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LOWV achieves a 2.73% return, which is significantly lower than EIVPX's 6.40% return.

LOWV

• 1D: -0.83%
• 1M: 0.85%
• YTD: 2.73%
• 6M: 2.69%
• 1Y: 10.86%
• 3Y*: 15.49%
• 5Y*: —
• 10Y*: —

EIVPX

• 1D: 0.11%
• 1M: 2.48%
• YTD: 6.40%
• 6M: 7.07%
• 1Y: 18.43%
• 3Y*: 14.23%
• 5Y*: 10.21%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LOWV vs. EIVPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LOWV AB US Low Volatility Equity ETF	2.73%	12.26%	20.43%	20.41%
EIVPX Parametric Volatility Risk Premium - Defensive Fund	6.40%	12.90%	16.45%	13.13%

Correlation

The correlation between LOWV and EIVPX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Mar 23, 2023	0.89

The correlation between LOWV and EIVPX has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

LOWV vs. EIVPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LOWV

LOWV Risk / Return Rank: 28
LOWV Sharpe Ratio Rank: 28
LOWV Sortino Ratio Rank: 27
LOWV Omega Ratio Rank: 27
LOWV Calmar Ratio Rank: 24
LOWV Martin Ratio Rank: 31

EIVPX

EIVPX Risk / Return Rank: 91
EIVPX Sharpe Ratio Rank: 90
EIVPX Sortino Ratio Rank: 87
EIVPX Omega Ratio Rank: 89
EIVPX Calmar Ratio Rank: 92
EIVPX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LOWV vs. EIVPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB US Low Volatility Equity ETF (LOWV) and Parametric Volatility Risk Premium - Defensive Fund (EIVPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LOWV	EIVPX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.95	-1.91
Sortino ratio: Return per unit of downside risk	1.50	4.13	-2.63
Omega ratio: Gain probability vs. loss probability	1.18	1.63	-0.45
Calmar ratio: Return relative to maximum drawdown	1.14	4.93	-3.80
Martin ratio: Return relative to average drawdown	4.65	26.31	-21.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOWV vs. EIVPX - Sharpe Ratio Comparison

The current LOWV Sharpe Ratio is 1.04, which is lower than the EIVPX Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of LOWV and EIVPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LOWV	EIVPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	2.95	-1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.47	0.78	+0.69

Drawdowns

LOWV vs. EIVPX - Drawdown Comparison

The maximum LOWV drawdown since its inception was -13.87%, smaller than the maximum EIVPX drawdown of -26.67%. Use the drawdown chart below to compare losses from any high point for LOWV and EIVPX.

Drawdown Indicators

	LOWV	EIVPX	Difference
Max Drawdown Largest peak-to-trough decline	-13.87%	-26.67%	+12.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-3.81%	-5.78%
Max Drawdown (3Y) Largest decline over 3 years	-13.87%	-12.77%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.07%	—
Current Drawdown Current decline from peak	-0.95%	0.00%	-0.95%
Average Drawdown Average peak-to-trough decline	-1.50%	-2.46%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	0.71%	+1.63%

Volatility

LOWV vs. EIVPX - Volatility Comparison

AB US Low Volatility Equity ETF (LOWV) has a higher volatility of 2.17% compared to Parametric Volatility Risk Premium - Defensive Fund (EIVPX) at 0.93%. This indicates that LOWV's price experiences larger fluctuations and is considered to be riskier than EIVPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOWV	EIVPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.17%	0.93%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	7.89%	4.71%	+3.18%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	6.38%	+4.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	9.79%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	11.81%	+0.14%

LOWV vs. EIVPX - Expense Ratio Comparison

LOWV has a 0.48% expense ratio, which is higher than EIVPX's 0.47% expense ratio.

Dividends

LOWV vs. EIVPX - Dividend Comparison

LOWV's dividend yield for the trailing twelve months is around 0.91%, less than EIVPX's 3.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIVPX Parametric Volatility Risk Premium - Defensive Fund	3.77%	4.01%	2.67%	5.09%	7.95%	1.22%	0.75%	1.23%	1.24%	0.53%
LOWV AB US Low Volatility Equity ETF	0.91%	0.85%	0.92%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LOWV and EIVPX in my portfolio?

LOWV and EIVPX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOWV or EIVPX?

LOWV has higher volatility (2.17%) compared to EIVPX (0.93%). In terms of maximum drawdown, LOWV dropped -13.87% vs EIVPX's -26.67%.

Which has better risk-adjusted returns?

EIVPX currently has the higher Sharpe Ratio (2.95 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.