- ISIN
- US0855678167
- Issuer
- AllianceBernstein
- Inception Date
- Dec 20, 2015
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
IRCZX Performance Chart
AB International Small Cap Portfolio (IRCZX) is up 15.1% since the beginning of the year. IRCZX is currently trading at $16 per share. Investors who bought $1,000 worth of IRCZX shares 5 years ago would now be looking at an investment worth $1,484.
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Returns By Period
AB International Small Cap Portfolio (IRCZX) has returned 15.11% so far this year and 26.67% over the past 12 months. Over the last ten years, IRCZX has returned 9.31% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
AB International Small Cap Portfolio
- 1D
- 2.08%
- 1M
- 2.08%
- YTD
- 15.11%
- 6M
- 17.62%
- 1Y
- 26.67%
- 3Y*
- 19.55%
- 5Y*
- 8.22%
- 10Y*
- 9.31%
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%
IRCZX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, IRCZX's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2022 with a return of +12.1%, while the worst month was Mar 2020 at -20.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IRCZX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +8.0%, while the worst single day was Mar 16, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.02% | 5.11% | -9.22% | 8.46% | 1.69% | 0.32% | 15.11% | ||||||
| 2025 | 1.20% | 2.03% | 1.41% | 4.24% | 7.99% | 6.82% | -1.49% | 2.62% | 2.62% | -0.20% | 0.92% | 2.60% | 34.96% |
| 2024 | -2.06% | 3.30% | 4.34% | -1.70% | 3.54% | -0.25% | 3.85% | 2.34% | 1.89% | -4.95% | -0.24% | -2.14% | 7.69% |
| 2023 | 8.07% | -2.46% | 0.93% | 0.56% | -2.48% | 4.43% | 4.52% | -4.58% | -3.62% | -5.17% | 7.53% | 5.99% | 13.19% |
| 2022 | -5.78% | -1.55% | -0.50% | -6.93% | 0.54% | -11.15% | 5.62% | -4.18% | -11.41% | 4.03% | 12.06% | -1.36% | -20.89% |
| 2021 | -1.00% | 3.45% | 3.83% | 4.71% | 1.72% | -0.96% | 1.56% | 1.10% | -2.90% | 2.39% | -5.39% | 3.83% | 12.49% |
Benchmark Metrics
AB International Small Cap Portfolio has an annualized alpha of -0.37%, beta of 0.73, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 92.27% of S&P 500 Index downside but only 77.63% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.37%
- Beta
- 0.73
- R²
- 0.67
- Upside Capture
- 77.63%
- Downside Capture
- 92.27%
Expense Ratio
IRCZX has a high expense ratio of 1.07%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IRCZX ranks 45 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 International Small Cap Portfolio (IRCZX) 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.
| IRCZX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.71 | -0.29 |
| Martin ratioReturn relative to average drawdown | 9.35 | 12.15 | -2.81 |
Dividends
Dividend History
AB International Small Cap Portfolio provided a 13.41% dividend yield over the last twelve months, with an annual payout of $2.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.10 | $2.10 | $0.32 | $0.33 | $0.11 | $0.50 | $0.14 | $0.22 | $0.98 | $0.49 | $0.27 |
Dividend yield | 13.41% | 15.44% | 2.70% | 2.95% | 1.07% | 3.88% | 1.14% | 1.96% | 10.24% | 3.79% | 2.72% |
Monthly Dividends
The table displays the monthly dividend distributions for AB International Small Cap 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 | $2.10 | $2.10 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
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 International Small Cap 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 International Small Cap Portfolio was 44.50%, occurring on Mar 23, 2020. Recovery took 196 trading sessions.
The current AB International Small Cap Portfolio drawdown is 0.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -44.50%Mar 2020 | 2y 1mo | 9mo 12d | 2y 11moJan 2018 - Dec 2020 |
Bear market2022 | -34.68%Oct 2022 | 1y 1mo | 1y 11mo | 3y 20dSep 2021 - Sep 2024 |
2025 selloff2025 | -13.23%Apr 2025 | 18d | 23d | 1mo 11dMar 2025 - Apr 2025 |
2026 correction2026 | -11.59%Mar 2026 | 28d | 1mo 7d | 2mo 5dMar 2026 - May 2026 |
2025 correction2025 | -10.29%Jan 2025 | 3mo 18d | 2mo 3d | 5mo 21dSep 2024 - Mar 2025 |
Drawdown Indicators
| IRCZX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.50% | -56.78% | +12.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -9.10% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -18.90% | +5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -34.68% | -25.43% | -9.25% |
Max Drawdown (10Y)Largest decline over 10 years | -44.50% | -33.92% | -10.58% |
Current DrawdownCurrent decline from peak | -0.76% | -1.29% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -9.33% | -10.72% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 2.02% | +0.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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