- ISIN
- US0187911039
- CUSIP
- 018791103
- Issuer
- AllianceBernstein
- Inception Date
- Oct 18, 1993
- Category
- Large Cap Value Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
AUIAX Performance Chart
AB Equity Income Fund (AUIAX) is up 14.4% since the beginning of the year. AUIAX is currently trading at $40 per share. Investors who bought $1,000 worth of AUIAX shares 5 years ago would now be looking at an investment worth $1,890.
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Returns By Period
AB Equity Income Fund (AUIAX) has returned 14.42% so far this year and 29.34% over the past 12 months. Over the last ten years, AUIAX has returned 12.67% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
AB Equity Income Fund
- 1D
- 1.37%
- 1M
- 4.64%
- YTD
- 14.42%
- 6M
- 14.81%
- 1Y
- 29.34%
- 3Y*
- 20.16%
- 5Y*
- 13.58%
- 10Y*
- 12.67%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
AUIAX Monthly Returns History
Based on dividend-adjusted daily data since Oct 18, 1993, AUIAX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +11.2%, while the worst month was Oct 2008 at -14.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.
On a daily basis, AUIAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +13.6%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.72% | 0.36% | -4.69% | 9.10% | 3.47% | 2.17% | 14.42% | ||||||
| 2025 | 3.75% | 0.63% | -5.13% | -2.86% | 5.69% | 5.49% | 2.18% | 1.68% | 3.25% | 1.01% | 1.43% | 0.07% | 17.97% |
| 2024 | 1.75% | 4.12% | 3.55% | -4.25% | 3.88% | 1.82% | 1.82% | 2.03% | 2.18% | -1.30% | 5.84% | -4.63% | 17.48% |
| 2023 | 6.83% | -2.31% | 1.29% | 1.90% | -1.17% | 6.46% | 3.08% | -1.97% | -4.36% | -1.78% | 8.69% | 4.74% | 22.48% |
| 2022 | -2.10% | -1.81% | 2.73% | -5.38% | 0.91% | -8.04% | 7.37% | -3.65% | -9.67% | 9.11% | 6.55% | -4.75% | -10.26% |
| 2021 | -1.68% | 4.13% | 5.37% | 4.46% | 2.49% | -0.01% | 1.71% | 2.82% | -5.02% | 6.07% | -2.50% | 5.57% | 25.25% |
Benchmark Metrics
AB Equity Income Fund has an annualized alpha of 3.23%, beta of 0.75, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since October 18, 1993.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (82.03%) than losses (75.10%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.23% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.23%
- Beta
- 0.75
- R²
- 0.74
- Upside Capture
- 82.03%
- Downside Capture
- 75.10%
Expense Ratio
AUIAX has a high expense ratio of 0.97%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AUIAX ranks 84 for risk / return — in the top 84% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AB Equity Income Fund (AUIAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AUIAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.36 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 2.71 | +1.05 |
| Martin ratioReturn relative to average drawdown | 16.04 | 12.15 | +3.89 |
Dividends
Dividend History
AB Equity Income Fund provided a 7.00% dividend yield over the last twelve months, with an annual payout of $2.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.81 | $2.86 | $3.40 | $0.81 | $1.97 | $5.02 | $0.76 | $1.58 | $3.23 | $1.56 | $0.75 | $1.31 |
Dividend yield | 7.00% | 8.11% | 10.53% | 2.68% | 7.73% | 16.44% | 2.65% | 5.61% | 13.48% | 5.38% | 2.85% | 5.39% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Equity Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.21 | ||||||
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $2.46 | $2.86 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $3.04 | $3.40 |
| 2023 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.45 | $0.81 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $1.69 | $1.97 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $4.71 | $5.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AB Equity Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AB Equity Income Fund was 46.97%, occurring on Jul 23, 2002. Recovery took 719 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -46.97%Jul 2002 | 1y 2mo | 2y 10mo | 4y 1moMay 2001 - May 2005 |
Financial crisis2007–2009 | -46.83%Mar 2009 | 1y 2mo | 3y 5d | 4y 3moDec 2007 - Mar 2012 |
COVID crash2020 | -35.81%Mar 2020 | 1mo 9d | 8mo 16d | 9mo 25dFeb 2020 - Dec 2020 |
2025 selloff2025 | -20.88%Apr 2025 | 3mo 23d | 3mo 18d | 7mo 11dDec 2024 - Jul 2025 |
Bear market2022 | -19.98%Sep 2022 | 8mo 28d | 9mo 3d | 1y 5moJan 2022 - Jun 2023 |
Drawdown Indicators
| AUIAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.97% | -56.78% | +9.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -9.10% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -20.88% | -18.90% | -1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -20.88% | -25.43% | +4.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.81% | -33.92% | -1.89% |
Current DrawdownCurrent decline from peak | 0.00% | -1.29% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -10.72% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.02% | -0.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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