Activity of lifting has been a major issue in many research area related in manual materials handling tasks. However, the opposite activity of lifting, lowering, has received much less attention. It is known that 52% of all box-handling tasks were lowering in nature. The difference in stress between lifting and lowering activity is not well understood. A simple assumption that these two activities are very similar has been established and widely used. However, this simple assumption may be questionable. The objective of this study was to compare a lifting activity and a lowering activity based on the three different ergonomic approaches; (1) biomechanical, (2) physiological, (3) psychophysical approach. It was found that the stress of lowering activity was from 65% to 93%, from 87% to 97%, and from 87% to 96% according to the biomechanical, physiological, and psychophysical point of view, respectively. It is concluded from the result of this study that the stress of lowering activity is lower than that of the lifting activity. The maximum compressive force on the lumbro-sacral joint (L5/S1) was 158% and 108% respectively, for lifting and lowering activity of which the work load is the 58% of Action Limit. It is suggested that the NIOSH AL and RWL and biomechanical criteria should be reconsidered especially for the low frequency of lifting activities.