ILOW vs PPIE
AB International Low Volatility Equity ETF vs Putnam PanAgora ESG International Equity ETF
Which is better, ILOW or PPIE?
Nearly the same fund. PPIE costs less.
PPIE has a lower expense ratio. PPIE led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. ILOW is less concentrated, with 21.0% of the fund in its ten largest positions against 26.8%.
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 | ILOW | PPIE |
|---|---|---|
| Expense Ratio | 0.50% | 0.49%Best |
| AUM | $1.8B | $4M |
| Dividend Yield | 1.49% | 12.07% |
| Holdings | 102 | 142 |
| Volatility (annualized) | 10.6%Best | 12.1% |
| Max Drawdown | -10.4%Best | -13.6% |
| $10,000 over 1.9 years | $13,143 | $13,857Best |
| Top 10 Weight | 21.0%Best | 26.8% |
| Fund Family | AllianceBernstein L.P. | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 15, 2024 | Jan 19, 2023 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 127 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ILOW has data through Oct 14, 2026 and PPIE through Jun 9, 2026.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Jul 15, 2024 to Jun 9, 2026 (1.9 years).
Risk: Volatility and Drawdowns
PPIE has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 10.6% for ILOW. 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 -10.4% for ILOW and -13.6% for PPIE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ILOW charges 0.50% per year while PPIE charges 0.49%. On a $10,000 position that is $50 vs $49 annually, a gap of $1 per year that compounds over a long holding period. On income, ILOW currently yields 1.49% against 12.07% for PPIE.
Holdings Overlap
25.6% of ILOW's money is in holdings PPIE also owns. 19.7% of PPIE's money is in holdings ILOW also owns.
ILOW and PPIE share little of their money.
The two holdings books were reported 199 days apart, ILOW as of Sep 14, 2026 and PPIE as of Feb 27, 2026, so some of the difference between them is the time between the two reports rather than the funds.
20 positions in common, counted across the 85 positions we hold weights for in ILOW and 137 in PPIE, against full books of 102 and 142.
What only one of them owns
Our book lists 4 positions for PPIE that do not appear in our book for ILOW (4.8% of the fund), and 4 for ILOW that do not appear in PPIE (4.3%).
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 ILOW | Weight in PPIE | Difference |
|---|---|---|---|
| ASML:ASASML HOLDING NV | 3.12% | 3.63% | 0.51% |
| TSCO:LNTesco Plc | 1.60% | 2.92% | 1.32% |
| 6758:JPSony Group Corp. | 1.40% | 2.80% | 1.40% |
| UCG:MIUnicredit Spa | 1.62% | 1.22% | 0.40% |
| SCHN:PASchneider Electric Se | 2.40% | 0.41% | 1.99% |
| 8316:JPSumitomo Mitsui Financial Group Inc. Shs | 1.60% | 0.68% | 0.92% |
| NN:ASNn Group Nv | 1.55% | 0.72% | 0.83% |
| NG:LNNational Grid Plc | 0.96% | 1.30% | 0.34% |
| DANO:PADanone SA | 0.87% | 1.21% | 0.34% |
| ITX:MAIndustria De Diseno Textil Sa | 1.39% | 0.53% | 0.86% |
25.6% of ILOW is already inside PPIE.
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, ILOW or PPIE?
ILOW has an expense ratio of 0.50% while PPIE charges 0.49%. PPIE is the cheaper option, by $1 a year on a $10,000 investment.
Which is riskier, ILOW or PPIE?
PPIE has been the more volatile fund at 12.1% annualized versus 10.6% for ILOW. Worst drawdown: ILOW -10.4% vs PPIE -13.6%.
Should I hold both ILOW and PPIE?
ILOW and PPIE have a monthly-return correlation of 0.95, 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 ILOW and PPIE?
25.6% of ILOW's money is in holdings PPIE also owns. 19.7% of PPIE's is in holdings ILOW also owns. They hold 20 positions in common, counted across the 85 positions we hold weights for in ILOW and 137 in PPIE.
Which pays a higher dividend, ILOW or PPIE?
ILOW yields 1.49% while PPIE yields 12.07%, so PPIE currently pays the higher dividend yield.
Is PPIE better than ILOW?
PPIE has a lower expense ratio. PPIE led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. ILOW is less concentrated, with 21.0% of the fund in its ten largest positions against 26.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.