- ISIN
- US0185251057
- CUSIP
- 018525105
- Issuer
- AllianceBernstein
- Inception Date
- Jun 7, 1932
- Category
- Tactical Allocation
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CABNX Performance Chart
AB Global Risk Allocation Fund (CABNX) is up 6.2% since the beginning of the year. CABNX is currently trading at $17 per share. Investors who bought $1,000 worth of CABNX shares 5 years ago would now be looking at an investment worth $1,286.
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Returns By Period
AB Global Risk Allocation Fund (CABNX) has returned 6.17% so far this year and 14.76% over the past 12 months. Over the last ten years, CABNX has returned 6.69% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
AB Global Risk Allocation Fund
- 1D
- 0.36%
- 1M
- 0.18%
- YTD
- 6.17%
- 6M
- 6.30%
- 1Y
- 14.76%
- 3Y*
- 10.34%
- 5Y*
- 5.16%
- 10Y*
- 6.69%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CABNX Monthly Returns History
Based on dividend-adjusted daily data since Jun 20, 1996, CABNX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Oct 2011 with a return of +8.5%, while the worst month was Oct 2008 at -14.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CABNX closed higher 52% of trading days. The best single day was Dec 12, 2024 with a return of +15.5%, while the worst single day was Dec 13, 2024 at -14.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.57% | 2.76% | -4.45% | 4.27% | 1.96% | -0.84% | 6.17% | ||||||
| 2025 | 2.07% | 0.79% | -1.75% | 1.78% | 1.17% | 2.95% | -0.06% | 2.00% | 2.39% | 1.67% | 0.41% | -0.38% | 13.72% |
| 2024 | -0.19% | 0.31% | 2.71% | -3.42% | 2.92% | 1.21% | 2.27% | 1.98% | 2.29% | -3.13% | 2.89% | -2.38% | 7.37% |
| 2023 | 4.97% | -4.24% | 2.57% | 0.19% | -3.50% | 1.62% | 2.87% | -1.92% | -3.41% | -2.22% | 5.28% | 4.41% | 6.10% |
| 2022 | -1.55% | -0.33% | 1.42% | -2.42% | 0.66% | -6.58% | 5.05% | -3.07% | -7.15% | 2.73% | 4.41% | -2.76% | -9.95% |
| 2021 | 0.27% | 1.75% | 1.61% | 3.80% | 1.83% | 0.05% | 1.40% | 0.34% | -1.52% | 1.49% | -2.26% | 2.76% | 11.98% |
Benchmark Metrics
AB Global Risk Allocation Fund has an annualized alpha of 1.80%, beta of 0.52, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since June 20, 1996.
- This fund participated in 61.32% of S&P 500 Index downside but only 57.85% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.52 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.80%
- Beta
- 0.52
- R²
- 0.70
- Upside Capture
- 57.85%
- Downside Capture
- 61.32%
Expense Ratio
CABNX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CABNX ranks 41 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AB Global Risk Allocation Fund (CABNX) 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.
| CABNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.78 | -0.53 |
| Martin ratioReturn relative to average drawdown | 9.15 | 12.44 | -3.29 |
Dividends
Dividend History
AB Global Risk Allocation Fund provided a 8.78% dividend yield over the last twelve months, with an annual payout of $1.45 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.45 | $1.45 | $2.51 | $0.23 | $1.31 | $1.80 | $0.55 | $0.23 | $0.09 | $0.52 | $0.84 | $0.01 |
Dividend yield | 8.78% | 9.32% | 16.76% | 1.39% | 8.47% | 9.67% | 3.02% | 1.32% | 0.60% | 3.16% | 5.53% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Global Risk Allocation 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.45 | $1.45 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.51 | $2.51 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.31 | $1.31 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $1.80 |
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 Global Risk Allocation 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 Global Risk Allocation Fund was 43.79%, occurring on Nov 20, 2008. Recovery took 794 trading sessions.
The current AB Global Risk Allocation Fund drawdown is 1.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -43.79%Nov 2008 | 1y 1mo | 3y 1mo | 4y 3moOct 2007 - Jan 2012 |
COVID crash2020 | -24.51%Mar 2020 | 1mo 27d | 5mo 11d | 7mo 8dJan 2020 - Aug 2020 |
Dot-com crash2000–2002 | -22.54%Oct 2002 | 1y 4mo | 1y 25d | 2y 5moMay 2001 - Nov 2003 |
2025 selloff2025 | -18.75%Apr 2025 | 3mo 26d | 10mo 22d | 1y 2moDec 2024 - Feb 2026 |
2016 correction2016 | -15.46%Feb 2016 | 10mo 1d | 1y 2mo | 2y 10dApr 2015 - Apr 2017 |
Drawdown Indicators
| CABNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -56.78% | +12.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -9.10% | +2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -18.90% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -25.43% | +6.68% |
Max Drawdown (10Y)Largest decline over 10 years | -24.51% | -33.92% | +9.41% |
Current DrawdownCurrent decline from peak | -1.31% | -1.80% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -10.71% | +5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 2.03% | -0.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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