Correlation
The correlation between LOWV and GLD is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
LOWV vs. GLD
Compare and contrast key facts about AB US Low Volatility Equity ETF (LOWV) and SPDR Gold Trust (GLD).
LOWV and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LOWV is an actively managed fund by AB Funds. It was launched on Mar 21, 2023. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LOWV or GLD.
Performance
LOWV vs. GLD - Performance Comparison
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Key characteristics
LOWV:
1.03
GLD:
2.26
LOWV:
1.35
GLD:
2.95
LOWV:
1.20
GLD:
1.37
LOWV:
1.01
GLD:
4.82
LOWV:
4.47
GLD:
13.13
LOWV:
3.14%
GLD:
2.98%
LOWV:
15.23%
GLD:
17.88%
LOWV:
-13.87%
GLD:
-45.56%
LOWV:
-0.64%
GLD:
-3.80%
Returns By Period
In the year-to-date period, LOWV achieves a 3.37% return, which is significantly lower than GLD's 25.39% return.
LOWV
3.37%
3.93%
0.87%
14.58%
N/A
N/A
N/A
GLD
25.39%
2.06%
23.62%
41.01%
21.06%
13.26%
10.25%
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LOWV vs. GLD - Expense Ratio Comparison
LOWV has a 0.48% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
LOWV vs. GLD — Risk-Adjusted Performance Rank
LOWV
GLD
LOWV vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US Low Volatility Equity ETF (LOWV) and SPDR Gold Trust (GLD). 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.
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Dividends
LOWV vs. GLD - Dividend Comparison
LOWV's dividend yield for the trailing twelve months is around 0.89%, while GLD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
LOWV AB US Low Volatility Equity ETF | 0.89% | 0.92% | 0.77% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
LOWV vs. GLD - Drawdown Comparison
The maximum LOWV drawdown since its inception was -13.87%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for LOWV and GLD.
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Volatility
LOWV vs. GLD - Volatility Comparison
The current volatility for AB US Low Volatility Equity ETF (LOWV) is 3.28%, while SPDR Gold Trust (GLD) has a volatility of 7.88%. This indicates that LOWV experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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