LOWV vs. ^GSPC
Compare and contrast key facts about AB US Low Volatility Equity ETF (LOWV) and S&P 500 (^GSPC).
LOWV is an actively managed fund by AB Funds. It was launched on Mar 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LOWV or ^GSPC.
Correlation
The correlation between LOWV and ^GSPC is 0.93, 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. ^GSPC - Performance Comparison
Key characteristics
LOWV:
2.13
^GSPC:
2.03
LOWV:
2.84
^GSPC:
2.71
LOWV:
1.39
^GSPC:
1.37
LOWV:
3.90
^GSPC:
3.04
LOWV:
14.31
^GSPC:
12.93
LOWV:
1.53%
^GSPC:
2.00%
LOWV:
10.25%
^GSPC:
12.72%
LOWV:
-6.28%
^GSPC:
-56.78%
LOWV:
-2.94%
^GSPC:
-2.98%
Returns By Period
In the year-to-date period, LOWV achieves a 0.31% return, which is significantly lower than ^GSPC's 0.47% return.
LOWV
0.31%
-2.94%
5.45%
20.44%
N/A
N/A
^GSPC
0.47%
-2.98%
5.95%
24.05%
12.57%
11.22%
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Risk-Adjusted Performance
LOWV vs. ^GSPC — Risk-Adjusted Performance Rank
LOWV
^GSPC
LOWV vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US Low Volatility Equity ETF (LOWV) and S&P 500 (^GSPC). 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.
Drawdowns
LOWV vs. ^GSPC - Drawdown Comparison
The maximum LOWV drawdown since its inception was -6.28%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for LOWV and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
LOWV vs. ^GSPC - Volatility Comparison
The current volatility for AB US Low Volatility Equity ETF (LOWV) is 3.52%, while S&P 500 (^GSPC) has a volatility of 4.47%. This indicates that LOWV experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.