ABYSX vs. SPLG
Compare and contrast key facts about AB Discovery Value Fund (ABYSX) and SPDR Portfolio S&P 500 ETF (SPLG).
ABYSX is managed by AllianceBernstein. It was launched on Mar 29, 2001. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABYSX or SPLG.
Correlation
The correlation between ABYSX and SPLG is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ABYSX vs. SPLG - Performance Comparison
Key characteristics
ABYSX:
-0.59
SPLG:
0.32
ABYSX:
-0.66
SPLG:
0.57
ABYSX:
0.90
SPLG:
1.08
ABYSX:
-0.40
SPLG:
0.32
ABYSX:
-1.23
SPLG:
1.42
ABYSX:
12.09%
SPLG:
4.19%
ABYSX:
25.08%
SPLG:
18.83%
ABYSX:
-63.26%
SPLG:
-54.52%
ABYSX:
-33.24%
SPLG:
-13.84%
Returns By Period
In the year-to-date period, ABYSX achieves a -13.38% return, which is significantly lower than SPLG's -9.89% return. Over the past 10 years, ABYSX has underperformed SPLG with an annualized return of -0.69%, while SPLG has yielded a comparatively higher 11.52% annualized return.
ABYSX
-13.38%
-8.71%
-24.70%
-14.68%
8.01%
-0.69%
SPLG
-9.89%
-6.68%
-9.34%
7.74%
15.86%
11.52%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ABYSX vs. SPLG - Expense Ratio Comparison
ABYSX has a 0.83% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
ABYSX vs. SPLG — Risk-Adjusted Performance Rank
ABYSX
SPLG
ABYSX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Discovery Value Fund (ABYSX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
Dividends
ABYSX vs. SPLG - Dividend Comparison
ABYSX's dividend yield for the trailing twelve months is around 0.96%, less than SPLG's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABYSX AB Discovery Value Fund | 0.96% | 0.83% | 0.70% | 1.26% | 1.08% | 0.77% | 0.99% | 0.68% | 0.42% | 0.39% | 0.29% | 0.83% |
SPLG SPDR Portfolio S&P 500 ETF | 1.44% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
ABYSX vs. SPLG - Drawdown Comparison
The maximum ABYSX drawdown since its inception was -63.26%, which is greater than SPLG's maximum drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for ABYSX and SPLG. For additional features, visit the drawdowns tool.
Volatility
ABYSX vs. SPLG - Volatility Comparison
AB Discovery Value Fund (ABYSX) has a higher volatility of 14.31% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 13.53%. This indicates that ABYSX's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.