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:
-0.05
SPLG:
2.26
ABYSX:
0.07
SPLG:
3.00
ABYSX:
1.01
SPLG:
1.42
ABYSX:
-0.05
SPLG:
3.32
ABYSX:
-0.27
SPLG:
14.73
ABYSX:
4.27%
SPLG:
1.90%
ABYSX:
21.39%
SPLG:
12.40%
ABYSX:
-63.26%
SPLG:
-54.50%
ABYSX:
-23.46%
SPLG:
-2.50%
Returns By Period
In the year-to-date period, ABYSX achieves a -3.02% return, which is significantly lower than SPLG's 26.00% return. Over the past 10 years, ABYSX has underperformed SPLG with an annualized return of 1.02%, while SPLG has yielded a comparatively higher 13.11% annualized return.
ABYSX
-3.02%
-14.73%
-5.45%
-2.71%
1.77%
1.02%
SPLG
26.00%
-0.14%
9.34%
26.48%
14.82%
13.11%
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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 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 has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 0.92%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABYSX AB Discovery Value Fund | 0.00% | 0.70% | 1.26% | 1.08% | 0.77% | 0.99% | 0.68% | 0.42% | 0.39% | 0.29% | 0.83% | 0.49% |
SPLG SPDR Portfolio S&P 500 ETF | 0.92% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
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 -54.50%. 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 13.95% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.81%. 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.