LOWV vs. HDLB
LOWV (AB US Low Volatility Equity ETF) and HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) are both exchange-traded funds - LOWV is a Low Volatility fund actively managed by AllianceBernstein, while HDLB is a Leveraged Equities fund tracking the Solactive US High Dividend Low Volatility (USD)(TR) (200%). LOWV is actively managed, while HDLB is passively managed. Over the past 3 years, LOWV returned 14.74%/yr vs 29.45%/yr for HDLB. Their 0.31 correlation means their historical movements had little consistent relationship. LOWV charges 0.48%/yr vs 1.65%/yr for HDLB.
Performance
LOWV vs. HDLB - Performance Comparison
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Returns By Period
In the year-to-date period, LOWV achieves a 5.85% return, which is significantly lower than HDLB's 25.12% return.
LOWV
- 1D
- 0.93%
- 1M
- 2.67%
- 6M
- 5.32%
- YTD
- 5.85%
- 1Y
- 11.55%
- 3Y*
- 14.74%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.14%
HDLB
- 1D
- -0.60%
- 1M
- 6.28%
- 6M
- 12.18%
- YTD
- 25.12%
- 1Y
- 26.69%
- 3Y*
- 29.45%
- 5Y*
- 14.37%
- 10Y*
- —
- ALL TIME*
- 6.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $77.42K | $57.41K | $57.55K | |
| $248.27K | $453.80K | $603.81K |
LOWV vs. HDLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LOWV AB US Low Volatility Equity ETF | 5.85% | 12.26% | 20.43% | 18.90% |
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 25.12% | 27.26% | 28.21% | 8.06% |
Correlation
The correlation between LOWV and HDLB is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023 | 0.31 |
The correlation between LOWV and HDLB shifts across timeframes, from 0.14 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LOWV vs. HDLB — Risk / Return Rank
LOWV
HDLB
LOWV vs. HDLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US Low Volatility Equity ETF (LOWV) and ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LOWV | HDLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.74 | -0.67 |
| Martin ratioReturn relative to average drawdown | 4.25 | 3.74 | +0.51 |
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Drawdowns
LOWV vs. HDLB - Drawdown Comparison
The maximum LOWV drawdown since its inception was -13.87%, smaller than the maximum HDLB drawdown of -78.70%. Use the drawdown chart below to compare losses from any high point for LOWV and HDLB.
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Drawdown Indicators
| LOWV | HDLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -78.70% | +64.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -16.17% | +6.58% |
Max Drawdown (3Y)Largest decline over 3 years | -13.87% | -20.94% | +7.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.81% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.63% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -27.01% | +25.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 7.51% | -5.10% |
Volatility
LOWV vs. HDLB - Volatility Comparison
The current volatility for AB US Low Volatility Equity ETF (LOWV) is 2.56%, while ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a volatility of 11.39%. This indicates that LOWV experiences smaller price fluctuations and is considered to be less risky than HDLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LOWV | HDLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 11.39% | -8.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 22.35% | -14.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 28.72% | -18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.87% | 31.06% | -19.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.87% | 43.43% | -31.56% |
LOWV vs. HDLB - Expense Ratio Comparison
LOWV has a 0.48% expense ratio, which is lower than HDLB's 1.65% expense ratio.
Dividends
LOWV vs. HDLB - Dividend Comparison
LOWV's dividend yield for the trailing twelve months is around 0.86%, less than HDLB's 10.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 10.19% | 12.20% | 10.09% | 12.36% | 10.86% | 8.07% | 16.23% | 0.97% |
LOWV AB US Low Volatility Equity ETF | 0.86% | 0.85% | 0.92% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LOWV and HDLB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDLB has higher volatility (11.39%) compared to LOWV (2.56%). In terms of maximum drawdown, LOWV dropped -13.87% vs HDLB's -78.70%.
On 3-year performance, HDLB leads with 29.45% vs 14.74% for LOWV. On fees, LOWV is cheaper at 0.48% per year. On volatility, LOWV has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HDLB has performed better with a 29.45% return vs 14.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LOWV is cheaper with a 0.48% expense ratio, compared with 1.65% for HDLB.
HDLB has the higher dividend yield at 10.19%, compared with 0.86% for LOWV.
LOWV is categorized as Low Volatility, while HDLB is Leveraged Equities. They also come from different issuers: AllianceBernstein and UBS. Their fees differ too: 0.48% for LOWV and 1.65% for HDLB.
HDLB currently has the higher Sharpe Ratio (0.98 vs 0.97), 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.
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