AGD.AX vs. AWPAX

Last updated Jun 5, 2026

AGD.AX (Austral Gold Limited) is a stock, while AWPAX (AB Sustainable International Thematic Fund) is Foreign Large Cap Equities fund managed by AllianceBernstein. Over the past 10 years, AGD.AX returned -3.15%/yr vs 6.74%/yr for AWPAX. At a 0.03 correlation, their price movements are largely independent.

Performance

AGD.AX vs. AWPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Austral Gold Limited (AGD.AX) and AB Sustainable International Thematic Fund (AWPAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AGD.AX is traded in AUD, while AWPAX is traded in USD. To make them comparable, the AWPAX values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AGD.AX achieves a -33.33% return, which is significantly lower than AWPAX's -0.38% return. Over the past 10 years, AGD.AX has underperformed AWPAX with an annualized return of -3.15%, while AWPAX has yielded a comparatively higher 6.74% annualized return.

AGD.AX

• 1D: -8.33%
• 1M: -29.03%
• YTD: -33.33%
• 6M: 19.57%
• 1Y: 50.68%
• 3Y*: 45.11%
• 5Y*: -7.79%
• 10Y*: -3.15%

AWPAX

• 1D: -0.06%
• 1M: 0.95%
• YTD: -0.38%
• 6M: -0.00%
• 1Y: -0.54%
• 3Y*: 5.58%
• 5Y*: 2.41%
• 10Y*: 6.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGD.AX vs. AWPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGD.AX Austral Gold Limited	-33.33%	650.00%	-24.14%	-25.64%	-53.85%	-57.99%	146.79%	52.28%	-59.99%	-3.69%
AWPAX AB Sustainable International Thematic Fund	-0.38%	5.33%	9.71%	13.18%	-21.96%	15.61%	18.17%	27.47%	-8.66%	24.22%

Correlation

The correlation between AGD.AX and AWPAX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007	0.03

Return for Risk

AGD.AX vs. AWPAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGD.AX

AGD.AX Risk / Return Rank: 65
AGD.AX Sharpe Ratio Rank: 52
AGD.AX Sortino Ratio Rank: 77
AGD.AX Omega Ratio Rank: 74
AGD.AX Calmar Ratio Rank: 63
AGD.AX Martin Ratio Rank: 58

AWPAX

AWPAX Risk / Return Rank: 8
AWPAX Sharpe Ratio Rank: 8
AWPAX Sortino Ratio Rank: 8
AWPAX Omega Ratio Rank: 8
AWPAX Calmar Ratio Rank: 8
AWPAX Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGD.AX vs. AWPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Austral Gold Limited (AGD.AX) and AB Sustainable International Thematic Fund (AWPAX). 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.

	AGD.AX	AWPAX	Difference
Sharpe ratio: Return per unit of total volatility	0.32	-0.05	+0.37
Sortino ratio: Return per unit of downside risk	2.15	0.02	+2.13
Omega ratio: Gain probability vs. loss probability	1.26	1.00	+0.26
Calmar ratio: Return relative to maximum drawdown	1.01	-0.04	+1.05
Martin ratio: Return relative to average drawdown	1.71	-0.13	+1.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGD.AX vs. AWPAX - Sharpe Ratio Comparison

The current AGD.AX Sharpe Ratio is 0.32, which is higher than the AWPAX Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of AGD.AX and AWPAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGD.AX	AWPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	-0.05	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.19	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.03	0.51	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.23	-0.23

Drawdowns

AGD.AX vs. AWPAX - Drawdown Comparison

The maximum AGD.AX drawdown since its inception was -99.84%, which is greater than AWPAX's maximum drawdown of -47.84%. Use the drawdown chart below to compare losses from any high point for AGD.AX and AWPAX.

Drawdown Indicators

	AGD.AX	AWPAX	Difference
Max Drawdown Largest peak-to-trough decline	-99.84%	-47.84%	-52.00%
Max Drawdown (1Y) Largest decline over 1 year	-56.00%	-15.03%	-40.97%
Max Drawdown (3Y) Largest decline over 3 years	-62.50%	-15.03%	-47.47%
Max Drawdown (5Y) Largest decline over 5 years	-91.18%	-28.92%	-62.26%
Max Drawdown (10Y) Largest decline over 10 years	-95.53%	-28.92%	-66.61%
Current Drawdown Current decline from peak	-98.83%	-3.21%	-95.62%
Average Drawdown Average peak-to-trough decline	-93.93%	-16.75%	-77.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.50%	4.69%	+26.81%

Volatility

AGD.AX vs. AWPAX - Volatility Comparison

Austral Gold Limited (AGD.AX) has a higher volatility of 14.76% compared to AB Sustainable International Thematic Fund (AWPAX) at 3.90%. This indicates that AGD.AX's price experiences larger fluctuations and is considered to be riskier than AWPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGD.AX	AWPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.76%	3.90%	+10.86%
Volatility (6M) Calculated over the trailing 6-month period	83.31%	10.95%	+72.36%
Volatility (1Y) Calculated over the trailing 1-year period	174.77%	12.65%	+162.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.73%	13.07%	+100.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.44%	13.37%	+91.07%

Dividends

AGD.AX vs. AWPAX - Dividend Comparison

Neither AGD.AX nor AWPAX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AGD.AX Austral Gold Limited	0.00%	0.00%	0.00%	0.00%	0.00%	9.47%	4.29%	0.00%	0.00%	6.00%	0.00%
AWPAX AB Sustainable International Thematic Fund	0.00%	0.00%	0.00%	0.00%	0.52%	7.00%	1.67%	1.11%	14.44%	0.00%	0.77%

Frequently Asked Questions

Can I hold both AGD.AX and AWPAX in my portfolio?

AGD.AX and AWPAX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.