- ISIN
- US01878T2446
- Issuer
- AllianceBernstein
- Inception Date
- Nov 11, 2014
- Category
- Global Equities
- Min. Investment
- $0
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GCEYX Performance Chart
AB Global Core Equity Portfolio (GCEYX) is up 5.6% since the beginning of the year. GCEYX is currently trading at $19 per share. Investors who bought $1,000 worth of GCEYX shares 5 years ago would now be looking at an investment worth $1,176.
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Returns By Period
AB Global Core Equity Portfolio (GCEYX) has returned 5.58% so far this year and 2.21% over the past 12 months. Over the last ten years, GCEYX has returned 9.01% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
AB Global Core Equity Portfolio
- 1D
- 1.37%
- 1M
- 0.38%
- YTD
- 5.58%
- 6M
- 6.06%
- 1Y
- 2.21%
- 3Y*
- 8.51%
- 5Y*
- 3.29%
- 10Y*
- 9.01%
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%
GCEYX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2015, GCEYX's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +11.8%, while the worst month was Mar 2020 at -13.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GCEYX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.9%, while the worst single day was Mar 16, 2020 at -11.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.16% | 0.78% | -8.24% | 8.56% | 4.00% | -1.01% | 5.58% | ||||||
| 2025 | 4.28% | 0.85% | -3.33% | -0.35% | 5.33% | 5.18% | -0.42% | 1.33% | 0.89% | 0.57% | -0.83% | -8.49% | 4.28% |
| 2024 | -0.25% | 2.75% | 3.23% | -2.77% | 4.64% | -0.47% | 2.38% | 2.79% | 2.71% | -3.30% | 2.16% | -3.74% | 10.11% |
| 2023 | 8.76% | -3.19% | 3.08% | 2.37% | -2.79% | 4.76% | 4.27% | -3.78% | -4.06% | -2.91% | 8.07% | 4.90% | 19.88% |
| 2022 | -2.66% | -6.71% | 1.21% | -8.62% | 0.83% | -7.31% | 6.19% | -4.72% | -10.12% | 4.86% | 10.66% | -3.60% | -20.16% |
| 2021 | -0.65% | 3.08% | 4.20% | 5.31% | 1.97% | 0.57% | 1.19% | 0.89% | -5.04% | 5.54% | -4.97% | 2.39% | 14.73% |
Benchmark Metrics
AB Global Core Equity Portfolio has an annualized alpha of -2.58%, beta of 0.89, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since January 02, 2015.
- This fund participated in 97.96% of S&P 500 Index downside but only 81.16% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.58% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.89 and R2 of 0.86, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.58%
- Beta
- 0.89
- R²
- 0.86
- Upside Capture
- 81.16%
- Downside Capture
- 97.96%
Expense Ratio
GCEYX has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GCEYX ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AB Global Core Equity Portfolio (GCEYX) 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.
| GCEYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 2.78 | -2.70 |
| Martin ratioReturn relative to average drawdown | 0.22 | 12.44 | -12.22 |
Dividends
Dividend History
AB Global Core Equity Portfolio provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.47 | $0.16 | $0.57 | $0.32 | $0.12 | $0.48 | $0.33 | $0.57 | $0.10 | $0.11 |
Dividend yield | 0.00% | 0.00% | 2.77% | 1.05% | 4.34% | 1.86% | 0.78% | 3.40% | 2.91% | 4.67% | 1.00% | 1.19% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Global Core Equity Portfolio. 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 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
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 Core Equity Portfolio. 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 Core Equity Portfolio was 33.47%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current AB Global Core Equity Portfolio drawdown is 5.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.47%Mar 2020 | 1mo 9d | 7mo 21d | 9moFeb 2020 - Nov 2020 |
Bear market2022 | -32.17%Oct 2022 | 11mo 6d | 1y 7mo | 2y 6moNov 2021 - Jun 2024 |
2026 correction2026 | -18.35%Mar 2026 | 5mo | — | 7mo 28dOct 2025 - now |
2016 correction2016 | -17.56%Feb 2016 | 8mo 28d | 6mo 29d | 1y 3moMay 2015 - Sep 2016 |
Rate-hike selloffLate 2018 | -16.13%Dec 2018 | 10mo 29d | 2mo 25d | 1y 1moJan 2018 - Mar 2019 |
Drawdown Indicators
| GCEYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -56.78% | +23.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.35% | -9.10% | -9.25% |
Max Drawdown (3Y)Largest decline over 3 years | -18.35% | -18.90% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -25.43% | -6.74% |
Max Drawdown (10Y)Largest decline over 10 years | -33.47% | -33.92% | +0.45% |
Current DrawdownCurrent decline from peak | -5.74% | -1.80% | -3.94% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -10.71% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.15% | 2.03% | +5.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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