LOWV vs. SPY
Compare and contrast key facts about AB US Low Volatility Equity ETF (LOWV) and SPDR S&P 500 ETF (SPY).
LOWV and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LOWV or SPY.
Correlation
The correlation between LOWV and SPY is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
LOWV vs. SPY - Performance Comparison
Key characteristics
LOWV:
2.13
SPY:
2.17
LOWV:
2.84
SPY:
2.88
LOWV:
1.39
SPY:
1.40
LOWV:
3.90
SPY:
3.26
LOWV:
14.31
SPY:
14.09
LOWV:
1.53%
SPY:
1.95%
LOWV:
10.25%
SPY:
12.64%
LOWV:
-6.28%
SPY:
-55.19%
LOWV:
-2.94%
SPY:
-2.83%
Returns By Period
In the year-to-date period, LOWV achieves a 0.31% return, which is significantly lower than SPY's 0.44% return.
LOWV
0.31%
-2.94%
5.45%
20.44%
N/A
N/A
SPY
0.44%
-2.83%
6.59%
25.62%
14.26%
13.15%
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LOWV vs. SPY - Expense Ratio Comparison
LOWV has a 0.48% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
LOWV vs. SPY — Risk-Adjusted Performance Rank
LOWV
SPY
LOWV vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US Low Volatility Equity ETF (LOWV) and SPDR S&P 500 ETF (SPY). 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.
Dividends
LOWV vs. SPY - Dividend Comparison
LOWV's dividend yield for the trailing twelve months is around 0.92%, less than SPY's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LOWV AB US Low Volatility Equity ETF | 0.92% | 0.92% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
LOWV vs. SPY - Drawdown Comparison
The maximum LOWV drawdown since its inception was -6.28%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LOWV and SPY. For additional features, visit the drawdowns tool.
Volatility
LOWV vs. SPY - Volatility Comparison
The current volatility for AB US Low Volatility Equity ETF (LOWV) is 3.52%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.49%. This indicates that LOWV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.