Correlation
The correlation between LOWV and THLV is 0.80, 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.
LOWV vs. THLV
Compare and contrast key facts about AB US Low Volatility Equity ETF (LOWV) and Thor Low Volatility ETF (THLV).
LOWV and THLV 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. THLV is a passively managed fund by THOR that tracks the performance of the Thor Low Volatility Index - Benchmark TR Gross. It was launched on Sep 12, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LOWV or THLV.
Performance
LOWV vs. THLV - Performance Comparison
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Key characteristics
LOWV:
1.03
THLV:
0.56
LOWV:
1.35
THLV:
0.76
LOWV:
1.20
THLV:
1.10
LOWV:
1.01
THLV:
0.42
LOWV:
4.47
THLV:
1.05
LOWV:
3.14%
THLV:
5.34%
LOWV:
15.23%
THLV:
11.25%
LOWV:
-13.87%
THLV:
-13.15%
LOWV:
-0.64%
THLV:
-5.08%
Returns By Period
In the year-to-date period, LOWV achieves a 3.37% return, which is significantly higher than THLV's 1.46% return.
LOWV
3.37%
4.30%
0.87%
15.56%
N/A
N/A
N/A
THLV
1.46%
3.45%
-5.08%
6.20%
N/A
N/A
N/A
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LOWV vs. THLV - Expense Ratio Comparison
LOWV has a 0.48% expense ratio, which is lower than THLV's 0.64% expense ratio.
Risk-Adjusted Performance
LOWV vs. THLV — Risk-Adjusted Performance Rank
LOWV
THLV
LOWV vs. THLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US Low Volatility Equity ETF (LOWV) and Thor Low Volatility ETF (THLV). 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. THLV - Dividend Comparison
LOWV's dividend yield for the trailing twelve months is around 0.89%, less than THLV's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
LOWV AB US Low Volatility Equity ETF | 0.89% | 0.92% | 0.77% | 0.00% |
THLV Thor Low Volatility ETF | 1.24% | 1.25% | 2.72% | 0.62% |
Drawdowns
LOWV vs. THLV - Drawdown Comparison
The maximum LOWV drawdown since its inception was -13.87%, which is greater than THLV's maximum drawdown of -13.15%. Use the drawdown chart below to compare losses from any high point for LOWV and THLV.
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Volatility
LOWV vs. THLV - Volatility Comparison
The current volatility for AB US Low Volatility Equity ETF (LOWV) is 3.28%, while Thor Low Volatility ETF (THLV) has a volatility of 4.09%. This indicates that LOWV experiences smaller price fluctuations and is considered to be less risky than THLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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