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.
Key characteristics
| ABYSX | SPLG | |
|---|---|---|
| YTD Return | 0.68% | 6.73% |
| 1Y Return | 20.83% | 26.42% |
| 3Y Return (Ann) | 2.02% | 8.31% |
| 5Y Return (Ann) | 7.66% | 13.42% |
| 10Y Return (Ann) | 7.40% | 12.76% |
| Sharpe Ratio | 1.01 | 2.07 |
| Daily Std Dev | 19.81% | 11.77% |
| Max Drawdown | -60.01% | -54.50% |
| Current Drawdown | -5.97% | -3.36% |
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
In the year-to-date period, ABYSX achieves a 0.68% return, which is significantly lower than SPLG's 6.73% return. Over the past 10 years, ABYSX has underperformed SPLG with an annualized return of 7.40%, while SPLG has yielded a comparatively higher 12.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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's dividend yield for the trailing twelve months is around 6.74%, more than SPLG's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABYSX AB Discovery Value Fund | 6.74% | 6.79% | 7.61% | 9.48% | 0.77% | 4.15% | 12.31% | 6.54% | 3.67% | 6.50% | 14.30% | 9.75% |
SPLG SPDR Portfolio S&P 500 ETF | 1.39% | 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 -60.01%, 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 4.98% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.56%. 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.