EFAA vs ILOW
Invesco MSCI EAFE Income Advantage ETF vs AB International Low Volatility Equity ETF
Which is better, EFAA or ILOW?
Each has led over a different period.
EFAA has a lower expense ratio. EFAA led over 1Y, ILOW over the full window. The two have moved almost in lockstep, correlation 0.94. ILOW is less concentrated, with 21.0% of the fund in its ten largest positions against 29.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EFAA | ILOW |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.50% |
| AUM | $677M | $1.8B |
| Dividend Yield | 8.42% | 1.49% |
| Holdings | 708 | 102 |
| YTD Return | +6.32%Best | +6.00% |
| 1Y Return | +11.72%Best | +8.93% |
| Volatility (annualized) | 8.5%Best | 10.2% |
| Max Drawdown | -12.0% | -10.4%Best |
| $10,000 over 2.2 years | $12,955 | $13,331Best |
| Top 10 Weight | 29.9% | 21.0%Best |
| Fund Family | Invesco (US) | AllianceBernstein L.P. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 17, 2024 | Jul 15, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 17, 2024 to Oct 14, 2026 (2.2 years).
EFAA vs ILOW growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
EFAA vs ILOW Performance
Invesco MSCI EAFE Income Advantage ETF (EFAA) is an ETF from Invesco (US) and AB International Low Volatility Equity ETF (ILOW) is an ETF from AllianceBernstein L.P.. Over the past year EFAA returned +11.72% while ILOW returned +8.93%. Year to date, EFAA is up 6.32% versus a gain of 6.00% for ILOW.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ILOW has been the more volatile fund, with annualized monthly volatility of 10.2% compared with 8.5% for EFAA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.0% for EFAA and -10.4% for ILOW. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EFAA charges 0.39% per year while ILOW charges 0.50%. On a $10,000 position that is $39 vs $50 annually, a gap of $11 per year that compounds over a long holding period. On income, EFAA currently yields 8.42% against 1.49% for ILOW.
Holdings Overlap
12.1% of EFAA's money is in holdings ILOW also owns. 58.7% of ILOW's money is in holdings EFAA also owns.
The two portfolios partly overlap.
49 positions in common, counted across the 657 positions we hold weights for in EFAA and 85 in ILOW, against full books of 708 and 102.
What only one of them owns
Our book lists 1 positions for ILOW that do not appear in our book for EFAA (2.7% of the fund), and 21 for EFAA that do not appear in ILOW (24.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EFAA | Weight in ILOW | Difference |
|---|---|---|---|
| ROP:SMRoche Ps Par Ag | 1.02% | 1.84% | 0.82% |
| SHELShell Plc | 0.97% | 1.61% | 0.64% |
| NOVN:SMNovartis Ag Ordinary Shares | 0.87% | 1.71% | 0.84% |
| AZN:LNAstraZeneca PLC | 0.83% | 1.37% | 0.54% |
| 8316:JPSumitomo Mitsui Financial Group Inc. Shs | 0.57% | 1.60% | 1.03% |
| UCG:MIUnicredit Spa | 0.46% | 1.62% | 1.16% |
| BAES:LNBae Systems Plc | 0.26% | 1.80% | 1.54% |
| KBC:BRKbc Group Nv | 0.12% | 1.93% | 1.81% |
| PRY:MIPrysmian Spa Common Stock EUR 0.1 | 0.14% | 1.76% | 1.62% |
| SAF:PASafran Sa | 0.45% | 1.45% | 1.00% |
58.7% of ILOW is already inside EFAA.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EFAA or ILOW?
EFAA has an expense ratio of 0.39% while ILOW charges 0.50%. EFAA is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, EFAA or ILOW?
Over the past year EFAA returned +11.72% vs +8.93% for ILOW, so EFAA leads on 1-year performance. Over the longest common window we track (2 years), EFAA annualized +12.49% vs +13.96% for ILOW. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EFAA or ILOW?
ILOW has been the more volatile fund at 10.2% annualized versus 8.5% for EFAA. Worst drawdown: EFAA -12.0% vs ILOW -10.4%.
Should I hold both EFAA and ILOW?
EFAA and ILOW have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between EFAA and ILOW?
58.7% of ILOW's money is in holdings EFAA also owns. 58.7% of ILOW's is in holdings EFAA also owns. They hold 49 positions in common, counted across the 657 positions we hold weights for in EFAA and 85 in ILOW.
Which pays a higher dividend, EFAA or ILOW?
EFAA yields 8.42% while ILOW yields 1.49%, so EFAA currently pays the higher dividend yield.
Is ILOW better than EFAA?
EFAA has a lower expense ratio. EFAA led over 1Y, ILOW over the full window. The two have moved almost in lockstep, correlation 0.94. ILOW is less concentrated, with 21.0% of the fund in its ten largest positions against 29.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.