Your post is hard to answer accurately because it's not clear about a number of things, e.g. what is "wipe", "low format", what operating system(s) and "better" in what way?
I would guess that by "wipe" you mean drive wiping programs such as DBAN?
I'd also guess that by "low format" you might mean a zero-fill, since modern drives cannot truly be low-level formatted by an end user. But you could also mean a quick format.
If by "better" you mean how thorough the format is at making the drive contents inaccessible, then in ascending order, using Windows version Vista or later:
Quick Format: rebuilds the file system records so that the drive appears to be empty. The original drive contents remain until they are overwritten by new data, and until that happens can generally be recovered easily.
Full Format: the data area of the drive is zero-filled and checked for errors. The previous contents of the drive have been overwritten and cannot be recovered by any normal user process. In theory, costly forensic analysis in a lab may be able to identify some data.
Wiping software: offers multiple overwrites with random data, intended to prevent forensic recovery of contents, and may include areas not addressed by formatting, such as re-allocated faulty sectors, which may still contain some user data. If someone feels paranoid about removing every trace of the drive's previous contents, wiping software will give them peace of mind, and take a very, very long time about it.
Unfortunately, if you do a general Google search on the subject, you'll find a lot of conflicting information, including authoritative looking articles that are either out of date, so now may not be accurate, were simply wrong to begin with and have never been corrected, or are trying to sell you something you might not need.
Edited by Platypus, 16 May 2017 - 08:27 PM.