HAWG vs LOWV: Grades, Fees and Holdings Compared

HCM Hedged Equity ETF

HAWG—NYSE Arca

AB US Low Volatility Equity ETF

LOWVBNYSE Arca

Overlap

38.8%by weight

Expense ratio

LOWV −0.96pt a year

HAWG1.35%LOWV0.39%

Avg volume · 30D

HAWG 8.8×the volume

HAWG67.9KLOWV7.72K

HAWG vs LOWV Performance

Sep 30, 2026 – Oct 30, 2026

−2.2%HAWG+2.6%LOWV

Expense ratio: HAWG 1.35%; LOWV 0.39%, better
Fund size: HAWG $99M; LOWV $209M
1Y total return: HAWG No data; LOWV +8.9%
Yield (12M): HAWG No data; LOWV 0.84%
Holdings: HAWG 488; LOWV 73
Avg volume (30D): HAWG 67.9K sh, better; LOWV 7.72K sh
NAV per share: HAWG $29.68; LOWV $84.51
52W range

ETF.net Grade

—HAWGNot yet graded

Pillar letters and Scores for HAWG, LOWV, with each pillar’s weight
Pillar	HAWG	LOWV
Cost30% weight	Not scored	B66
Mission25% weight	Not scored	A80
Risk15% weight	Not scored	C45
Tradability15% weight	Not scored	A71
Holdings10% weight	Not scored	B55
Durability5% weight	Not scored	B62

Rank among US Active Low Volatility funds

How we build Categories ›

US Active Low Volatility⁠

Category · 10 funds

See all 10 ›

LOWV ranks 4th of 10 funds in the US Active Low Volatility Category.

Rank 1ASELVSEI QiM US Large Cap Low Volatility Active ETFScore 77
Rank 2ACGCVCapital Group Conservative Equity ETFScore 71
Rank 3ATOAKTwin Oak Short Horizon Absolute Return ETFScore 70
Rank 4BLOWVAB US Low Volatility Equity ETFScore 61
Rank 5BSIXLETC 6 Meridian Low Beta Equity ETFScore 55
HAWGNot yet graded

Our read on each fund

ETF.net Research

HAWG—HCM Hedged Equity ETF

LOWVBAB US Low Volatility Equity ETF

In short

HAWG No data

LOWV A stock picker's answer to low volatility. AB runs about 70 US large caps through its own quality, profitability and value screen instead of tracking a published low-vol index, at 0.39% a year.

Stated mandate

HAWG No data

LOWV The fund seeks long-term capital appreciation through an actively managed portfolio primarily invested in U.S. large-cap equities, with an emphasis on lower volatility than the broader equity market.

Why people hold it

HAWG No data

LOWV Actively managed, not rules-mirrored: AB selects names on quality, profitability and value, aiming for lower volatility than the broad US market rather than copying a low-vol index.alliancebernstein.com
0.39% sits below the going rate for active low-vol equity ETFs, so less of the defensive premium goes to the manager.
The portfolio does what the label says: US large caps, roughly 70 names, S&P 500 as the yardstick. Among the closer mandate-to-holdings matches in its defensive peer group.
Concentration with intent. About 70 stocks means each pick carries weight, and income arrives on a quarterly schedule.

Worth knowing

HAWG No data

LOWV Thinly traded for the category. Limit orders and a glance at the spread matter more here than in a mega-fund.
Launched in 2023, so the record is short. Low-vol strategies earn their keep across full drawdowns, and this one hasn't seen many.
Competitive on fee, not the floor: peers SELV (0.15%) and CGCV (0.33%) charge less for a similar defensive brief.

Full HAWG profile⁠

Full LOWV profile⁠

HAWG vs LOWV Holdings

How HAWG and LOWV differ

Overlap by weight

38.8%

Shared holdings make up 80.3% of LOWV and 53.1% of HAWG.

Level by level

Asset classAlternatives, Equity0.0%
Holdings48 in both38.8%
Countryby domicile90.8%

Sector

No Sector split for HAWG.

Country, concentration and asset class

Country by domicile

Country weights in HAWG and LOWV, widest gap first
Country	More in HAWGMore in LOWV	HAWG	LOWV
United States	HAWG +8.5 points	97.8%	89.3%
United Kingdom	LOWV +4.8 points	0.6%	5.4%
Taiwan	LOWV +2.0 points	0.0%	2.0%
Canada	LOWV +1.3 points	0.0%	1.3%
Netherlands	LOWV +1.0 points	0.2%	1.2%
Other countries (6)	HAWG +0.6 points	1.4%	0.8%

Concentration

Weight in the 10 largest Holdings

HAWG52.1%
LOWV39.2%

Securities held

HAWG488
LOWV71

Asset class

HAWG: Alternatives
LOWV: Equity

Holdings

Only in HAWG440
In both48
Only in LOWV23

Only in HAWG

440 securities, 46.9% of HAWG by weight

HCM Hedged Equity ETF3.51%
HCM Hedged Equity ETF2.84%
HCM Hedged Equity ETF2.61%
HCM Hedged Equity ETF2.15%
HCM Hedged Equity ETF1.77%
HCM Hedged Equity ETF1.15%
HCM Hedged Equity ETF0.96%
HCM Hedged Equity ETF0.84%
HCM Hedged Equity ETF0.66%
HCM Hedged Equity ETF0.64%
HCM Hedged Equity ETF0.64%
HCM Hedged Equity ETF0.61%
HCM Hedged Equity ETF0.59%
HCM Hedged Equity ETF0.58%
HCM Hedged Equity ETF0.54%
HCM Hedged Equity ETF0.53%
HCM Hedged Equity ETF0.52%
HCM Hedged Equity ETF0.50%
HCM Hedged Equity ETF0.40%
HCM Hedged Equity ETF0.39%
HCM Hedged Equity ETF0.38%
HCM Hedged Equity ETF0.37%
HCM Hedged Equity ETF0.33%
HCM Hedged Equity ETF0.32%
HCM Hedged Equity ETF0.30%
HCM Hedged Equity ETF0.30%
HCM Hedged Equity ETF0.27%
HCM Hedged Equity ETF0.25%
HCM Hedged Equity ETF0.25%
HCM Hedged Equity ETF0.24%
HCM Hedged Equity ETF0.24%
HCM Hedged Equity ETF0.22%
HCM Hedged Equity ETF0.21%
HCM Hedged Equity ETF0.21%
HCM Hedged Equity ETF0.20%
HCM Hedged Equity ETF0.19%
HCM Hedged Equity ETF0.19%
HCM Hedged Equity ETF0.19%
HCM Hedged Equity ETF0.19%
HCM Hedged Equity ETF0.19%
HCM Hedged Equity ETF0.19%
HCM Hedged Equity ETF0.18%
HCM Hedged Equity ETF0.18%
HCM Hedged Equity ETF0.18%
HCM Hedged Equity ETF0.18%
HCM Hedged Equity ETF0.18%
HCM Hedged Equity ETF0.17%
HCM Hedged Equity ETF0.17%
HCM Hedged Equity ETF0.17%
HCM Hedged Equity ETF0.16%

Only in LOWV

23 securities, 18.8% of LOWV by weight

Taiwan Semiconductor Sp Adr Adr1.97%
Shell PLC Adr Adr1.70%
Bae Systems PLC Spon Adr Adr1.52%
Asml Holding NV Ny Reg Shs Ny Reg Shrs EUR.091.22%
Trane Technologies PLC Common Stock USD1.01.19%
Compass Group PLC Spon Adr Adr1.02%
Eaton Corp PLC Common Stock USD.010.87%
Willis Towers Watson PLC Common Stock USD.0003046350.86%
Waste Connections Inc Common Stock0.82%
Spotify Technology SA Common Stock EUR.0006250.78%
Experian PLC Spons Adr Adr0.76%
Dynatrace Inc Common Stock USD.0010.74%
Copt Defense Properties Reit USD.010.68%
Relx PLC Spon Adr Adr0.61%
Intercontinental Hotels Adr Adr0.56%
Everest Group Ltd Common Stock USD.010.53%
Reinsurance Group of America Common Stock USD.010.53%
Medtronic PLC Common Stock USD.10.53%
Autozone Inc Common Stock USD.010.50%
Stantec Inc Common Stock0.46%
Ulta Beauty Inc Common Stock0.44%
Hanover Insurance Group Inc/ Common Stock USD.010.29%
Alliancebernstein Govt Stif Ssc Fund 64BA Agis 5870.21%

Weight gaps

All 48 Holdings in both funds, largest gap first.

Holding weights in HAWG and LOWV, widest gap first
Holding	More in HAWGMore in LOWV	HAWG	LOWV
HCM Hedged Equity ETFNVDA	HAWG +4.29 points	10.22%	5.93%
HCM Hedged Equity ETFAAPL	HAWG +3.90 points	10.57%	6.67%
HCM Hedged Equity ETFMETA	HAWG +2.28 points	2.90%	0.62%
HCM Hedged Equity ETFMSFT	HAWG +2.21 points	8.20%	5.99%
HCM Hedged Equity ETFMRK	LOWV +2.01 points	0.27%	2.28%
HCM Hedged Equity ETFMCK	LOWV +2.01 points	0.07%	2.08%
HCM Hedged Equity ETFV	LOWV +2.01 points	0.50%	2.51%
HCM Hedged Equity ETFMA	LOWV +1.84 points	0.39%	2.23%
HCM Hedged Equity ETFGILD	LOWV +1.76 points	0.45%	2.21%
HCM Hedged Equity ETFAMZN	HAWG +1.61 points	4.96%	3.35%
HCM Hedged Equity ETFGOOG	LOWV +1.60 points	3.04%	4.64%
HCM Hedged Equity ETFBAC	LOWV +1.57 points	0.23%	1.80%
HCM Hedged Equity ETFABBV	LOWV +1.55 points	0.40%	1.95%
HCM Hedged Equity ETFMSI	LOWV +1.47 points	0.07%	1.54%
HCM Hedged Equity ETFPM	LOWV +1.39 points	0.24%	1.63%
HCM Hedged Equity ETFCSCO	LOWV +1.37 points	0.89%	2.26%
HCM Hedged Equity ETFCL	LOWV +1.34 points	0.06%	1.40%
HCM Hedged Equity ETFAEP	LOWV +1.32 points	0.15%	1.47%
HCM Hedged Equity ETFCBOE	LOWV +1.15 points	0.02%	1.17%
HCM Hedged Equity ETFAEE	LOWV +1.12 points	0.02%	1.14%
HCM Hedged Equity ETFLLY	LOWV +1.10 points	0.86%	1.96%
HCM Hedged Equity ETFADI	LOWV +1.07 points	0.42%	1.49%
HCM Hedged Equity ETFJPM	LOWV +1.06 points	0.68%	1.74%
HCM Hedged Equity ETFXOM	LOWV +1.03 points	0.58%	1.61%
HCM Hedged Equity ETFSPGI	LOWV +0.99 points	0.09%	1.08%
HCM Hedged Equity ETFKEYS	LOWV +0.98 points	0.04%	1.02%
HCM Hedged Equity ETFADP	LOWV +0.94 points	0.26%	1.20%
HCM Hedged Equity ETFYUM	LOWV +0.94 points	0.03%	0.97%
HCM Hedged Equity ETFDLR	LOWV +0.87 points	0.05%	0.92%
HCM Hedged Equity ETFMNST	LOWV +0.69 points	0.14%	0.83%
HCM Hedged Equity ETFUNH	LOWV +0.68 points	0.27%	0.95%
HCM Hedged Equity ETFPGR	LOWV +0.67 points	0.09%	0.76%
HCM Hedged Equity ETFNEE	LOWV +0.66 points	0.13%	0.79%
HCM Hedged Equity ETFMRSH	LOWV +0.66 points	0.07%	0.73%
HCM Hedged Equity ETFUSFD	LOWV +0.61 points	0.01%	0.62%
HCM Hedged Equity ETFNOW	LOWV +0.58 points	0.08%	0.66%
HCM Hedged Equity ETFRTX	LOWV +0.58 points	0.20%	0.78%
HCM Hedged Equity ETFTJX	LOWV +0.55 points	0.11%	0.66%
HCM Hedged Equity ETFORLY	LOWV +0.49 points	0.15%	0.64%
HCM Hedged Equity ETFMTB	LOWV +0.49 points	0.03%	0.52%
HCM Hedged Equity ETFLHX	LOWV +0.47 points	0.04%	0.51%
HCM Hedged Equity ETFADSK	LOWV +0.40 points	0.12%	0.52%
HCM Hedged Equity ETFKO	LOWV +0.40 points	0.27%	0.67%
HCM Hedged Equity ETFKLAC	LOWV +0.34 points	0.45%	0.79%
HCM Hedged Equity ETFTMO	LOWV +0.31 points	0.19%	0.50%
HCM Hedged Equity ETFPG	LOWV +0.31 points	0.28%	0.59%
HCM Hedged Equity ETFAVGO	LOWV +0.10 points	3.25%	3.35%
HCM Hedged Equity ETFNFLX	HAWG +0.03 points	0.56%	0.53%

All HAWG holdings⁠All 69 LOWV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

HAWG vs LOWV Cost

Overpaying HAWG vs LOWV

$16,215

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

HAWG 1.35%
$24,113
LOWV 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

HAWG 1.35%
LOWV 0.39%
Overpaying

Year by year

Year	HAWG	LOWV	Overpaying
10	$2,346	$705	$1,641
20	$8,678	$2,725	$5,953
30	$24,113	$7,898	$16,215

Expense ratio

1.35%HAWG
0.39%LOWV, cheaper

LOWV0.39%HAWG1.35%

0.15%1.35%

Middle half of US Active Low Volatility funds
Median 0.47%

LOWV 4th cheapest of 10 funds

HAWG 10th cheapest of 10 funds

HAWG vs LOWV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): HAWG No data; LOWV 0.84%
Payout (12M): HAWG None; LOWV $0.71
Last payment: HAWG No data; LOWV $0.18
Ex-dividend: HAWG No data; LOWV Sep 18, 2026
Paid on: HAWG No data; LOWV Sep 21, 2026
Frequency: HAWG No data; LOWV Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

HAWGAll HAWG payments⁠

No distribution history available.

LOWVQuarterly · 14 paymentsAll LOWV payments⁠

HAWG vs LOWV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: HAWG No dataLOWV 9.9%
Return per unit of riskSharpe ratio, 3 years: HAWG No dataLOWV 1.24
Worst fallMax drawdown, 5 years: HAWG No dataLOWV −13.9%since Mar 2023
Market sensitivityBeta, 5 years: HAWG 0.00LOWV 0.73; Market = 1

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