ABVYX vs. AWF
ABVYX (AB Value Fund) and AWF (AllianceBernstein Global High Income Closed Fund) are both mutual funds - ABVYX is a Large Cap Value Equities fund managed by AllianceBernstein, while AWF is a High Yield Bonds fund actively managed by AllianceBernstein. Over the past 10 years, ABVYX returned 11.65%/yr vs 5.69%/yr for AWF. At a 0.37 correlation, their price movements are largely independent. ABVYX charges 0.70%/yr vs 1.00%/yr for AWF.
Performance
ABVYX vs. AWF - Performance Comparison
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Returns By Period
In the year-to-date period, ABVYX achieves a 17.76% return, which is significantly higher than AWF's -1.55% return. Over the past 10 years, ABVYX has outperformed AWF with an annualized return of 11.65%, while AWF has yielded a comparatively lower 5.69% annualized return.
ABVYX
- 1D
- 0.33%
- 1M
- 4.62%
- YTD
- 17.76%
- 6M
- 16.99%
- 1Y
- 35.06%
- 3Y*
- 20.53%
- 5Y*
- 13.36%
- 10Y*
- 11.65%
AWF
- 1D
- 0.39%
- 1M
- 0.35%
- YTD
- -1.55%
- 6M
- -1.55%
- 1Y
- 0.32%
- 3Y*
- 9.43%
- 5Y*
- 3.73%
- 10Y*
- 5.69%
ABVYX vs. AWF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABVYX AB Value Fund | 17.76% | 17.12% | 15.83% | 18.81% | -6.72% | 27.26% | 1.14% | 20.19% | -14.92% | 13.70% |
AWF AllianceBernstein Global High Income Closed Fund | -1.55% | 7.54% | 14.30% | 18.37% | -16.62% | 9.95% | 4.40% | 23.40% | -11.35% | 7.77% |
Correlation
The correlation between ABVYX and AWF is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2001 | 0.37 |
The correlation between ABVYX and AWF shifts across timeframes, from 0.37 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ABVYX vs. AWF — Risk / Return Rank
ABVYX
AWF
ABVYX vs. AWF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Value Fund (ABVYX) and AllianceBernstein Global High Income Closed Fund (AWF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ABVYX | AWF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.13 | ||
| Sortino ratioReturn per unit of downside risk | +4.37 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.01 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 4.68 | 0.03 | +4.65 |
| Martin ratioReturn relative to average drawdown | 18.47 | 0.07 | +18.40 |
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Drawdowns
ABVYX vs. AWF - Drawdown Comparison
The maximum ABVYX drawdown since its inception was -64.02%, which is greater than AWF's maximum drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for ABVYX and AWF.
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Drawdown Indicators
| ABVYX | AWF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.02% | -55.54% | -8.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -10.19% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.52% | -11.12% | -6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -25.25% | +7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -40.42% | -40.12% | -0.30% |
Current DrawdownCurrent decline from peak | 0.00% | -5.66% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -11.52% | -12.30% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 4.47% | -2.52% |
Volatility
ABVYX vs. AWF - Volatility Comparison
AB Value Fund (ABVYX) has a higher volatility of 3.01% compared to AllianceBernstein Global High Income Closed Fund (AWF) at 2.18%. This indicates that ABVYX's price experiences larger fluctuations and is considered to be riskier than AWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABVYX | AWF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.18% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 7.33% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 8.79% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 12.11% | +5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 15.22% | +3.73% |
ABVYX vs. AWF - Expense Ratio Comparison
ABVYX has a 0.70% expense ratio, which is lower than AWF's 1.00% expense ratio.
Dividends
ABVYX vs. AWF - Dividend Comparison
ABVYX's dividend yield for the trailing twelve months is around 8.38%, more than AWF's 7.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABVYX AB Value Fund | 8.38% | 9.87% | 12.66% | 4.95% | 13.64% | 10.27% | 1.38% | 2.37% | 5.21% | 1.22% | 1.35% | 1.64% |
AWF AllianceBernstein Global High Income Closed Fund | 7.72% | 7.81% | 7.47% | 7.33% | 10.30% | 6.48% | 6.68% | 6.62% | 7.97% | 6.03% | 7.73% | 10.28% |
Frequently Asked Questions
ABVYX and AWF have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABVYX has higher volatility (3.01%) compared to AWF (2.18%). In terms of maximum drawdown, ABVYX dropped -64.02% vs AWF's -55.54%.
ABVYX currently has the higher Sharpe Ratio (3.17 vs 0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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