LOWV vs. SPMV

Last updated Aug 2, 2026

LOWV (AB US Low Volatility Equity ETF) and SPMV (Invesco S&P 500 Minimum Variance ETF) are both exchange-traded funds - LOWV is a Low Volatility fund actively managed by AllianceBernstein, while SPMV is a S&P 500 fund tracking the S&P 500 Minimum Volatility Index. LOWV is actively managed, while SPMV is passively managed. Their correlation of 0.81 means they have usually moved in the same direction. LOWV charges 0.48%/yr vs 0.10%/yr for SPMV.

Performance

LOWV vs. SPMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB US Low Volatility Equity ETF (LOWV) and Invesco S&P 500 Minimum Variance ETF (SPMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

SPMV

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LOWV AB US Low Volatility Equity ETF	$248.27K	$453.80K	$603.81K

LOWV vs. SPMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LOWV AB US Low Volatility Equity ETF	5.85%	12.26%	20.43%	18.90%
SPMV Invesco S&P 500 Minimum Variance ETF	0.87%	11.69%	18.78%	11.68%

Correlation

The correlation between LOWV and SPMV is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.56
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (All Time) Calculated using the full available price history since Mar 22, 2023	0.81

Over the past year, the correlation between LOWV and SPMV has dropped to 0.56 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

LOWV vs. SPMV - Sectors Allocation Comparison

Sectors	LOWV	SPMV
Technology	35.6%	26.9%
Financial Services	14.3%	17.8%
Healthcare	11.6%	15.0%
Communication Services	8.7%	6.5%
Consumer Cyclical	8.2%	6.6%
Industrials	6.9%	6.0%
Consumer Defensive	6.2%	10.7%
Utilities	4.6%	2.8%
Energy	2.3%	4.8%
Real Estate	1.6%	0.2%
Basic Materials	-	2.6%

Return for Risk

LOWV vs. SPMV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LOWV

LOWV Risk / Return Rank: 37
LOWV Sharpe Ratio Rank: 39
LOWV Sortino Ratio Rank: 37
LOWV Omega Ratio Rank: 35
LOWV Calmar Ratio Rank: 32
LOWV Martin Ratio Rank: 40

SPMV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LOWV vs. SPMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB US Low Volatility Equity ETF (LOWV) and Invesco S&P 500 Minimum Variance ETF (SPMV). 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	SPMV	Difference
Sharpe ratio: Return per unit of total volatility	0.97	—	—
Sortino ratio: Return per unit of downside risk	1.39	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.07	—	—
Martin ratio: Return relative to average drawdown	4.25	—	—

Drawdowns

Drawdown Indicators

	LOWV	SPMV	Difference
Max Drawdown Largest peak-to-trough decline	-13.87%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.87%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-1.49%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	—	—

Volatility

Volatility by Period

	LOWV	SPMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.58%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.87%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.87%	—	—

LOWV vs. SPMV - Expense Ratio Comparison

LOWV has a 0.48% expense ratio, which is higher than SPMV's 0.10% expense ratio.

Dividends

LOWV vs. SPMV - Dividend Comparison

LOWV's dividend yield for the trailing twelve months is around 0.86%, while SPMV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LOWV AB US Low Volatility Equity ETF	0.86%	0.85%	0.92%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPMV Invesco S&P 500 Minimum Variance ETF	1.05%	1.53%	1.53%	2.28%	1.79%	1.28%	1.71%	3.13%	2.11%	1.72%

Frequently Asked Questions

Can I hold both LOWV and SPMV in my portfolio?

LOWV and SPMV have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LOWV or SPMV?

On fees, SPMV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LOWV or SPMV?

SPMV is cheaper with a 0.10% expense ratio, compared with 0.48% for LOWV.

Which ETF pays a higher dividend yield, LOWV or SPMV?

SPMV has the higher dividend yield at 1.05%, compared with 0.86% for LOWV.

What is the main difference between LOWV and SPMV?

LOWV is categorized as Low Volatility, while SPMV is S&P 500. They also come from different issuers: AllianceBernstein and Invesco. Their fees differ too: 0.48% for LOWV and 0.10% for SPMV.