AGDAX vs. CHCLX

Last updated Apr 2, 2026

Compare and contrast key facts about AB High Income Fund (AGDAX) and AB Discovery Growth Fund (CHCLX).

AGDAX is managed by AllianceBernstein. It was launched on Feb 25, 1994. CHCLX is managed by AllianceBernstein. It was launched on Jul 7, 1938.

Performance

AGDAX vs. CHCLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB High Income Fund (AGDAX) and AB Discovery Growth Fund (CHCLX). The values are adjusted to include any dividend payments, if applicable.

AGDAX vs. CHCLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGDAX AB High Income Fund	-1.36%	8.06%	7.36%	13.63%	-12.45%	3.87%	2.91%	13.71%	-5.29%	7.94%
CHCLX AB Discovery Growth Fund	-3.46%	6.67%	17.37%	18.72%	-36.11%	11.63%	52.90%	39.99%	-4.56%	32.58%

Returns By Period

In the year-to-date period, AGDAX achieves a -1.36% return, which is significantly higher than CHCLX's -3.46% return. Over the past 10 years, AGDAX has underperformed CHCLX with an annualized return of 4.65%, while CHCLX has yielded a comparatively higher 11.76% annualized return.

AGDAX

• 1D: 0.44%
• 1M: -1.85%
• YTD: -1.36%
• 6M: -0.10%
• 1Y: 5.65%
• 3Y*: 8.09%
• 5Y*: 3.56%
• 10Y*: 4.65%

CHCLX

• 1D: 5.43%
• 1M: -6.62%
• YTD: -3.46%
• 6M: -0.09%
• 1Y: 17.91%
• 3Y*: 10.15%
• 5Y*: -0.30%
• 10Y*: 11.76%

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

AGDAX vs. CHCLX - Expense Ratio Comparison

AGDAX has a 0.84% expense ratio, which is lower than CHCLX's 0.91% expense ratio.

CHCLX

AB Discovery Growth Fund

AGDAX

AB High Income Fund

Return for Risk

AGDAX vs. CHCLX — Risk / Return Rank

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

AGDAX

AGDAX Risk / Return Rank: 81
AGDAX Sharpe Ratio Rank: 81
AGDAX Sortino Ratio Rank: 82
AGDAX Omega Ratio Rank: 83
AGDAX Calmar Ratio Rank: 79
AGDAX Martin Ratio Rank: 78

CHCLX

CHCLX Risk / Return Rank: 28
CHCLX Sharpe Ratio Rank: 23
CHCLX Sortino Ratio Rank: 27
CHCLX Omega Ratio Rank: 23
CHCLX Calmar Ratio Rank: 35
CHCLX Martin Ratio Rank: 31

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.

AGDAX vs. CHCLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB High Income Fund (AGDAX) and AB Discovery Growth Fund (CHCLX). 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.

	AGDAX	CHCLX	Difference
Sharpe ratio Return per unit of total volatility	1.54	0.67	+0.87
Sortino ratio Return per unit of downside risk	2.18	1.11	+1.07
Omega ratio Gain probability vs. loss probability	1.34	1.15	+0.20
Calmar ratio Return relative to maximum drawdown	1.99	1.07	+0.92
Martin ratio Return relative to average drawdown	8.03	3.71	+4.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGDAX vs. CHCLX - Sharpe Ratio Comparison

The current AGDAX Sharpe Ratio is 1.54, which is higher than the CHCLX Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of AGDAX and CHCLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AGDAX	CHCLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	0.67	+0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	-0.01	+0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.47	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.37	+0.50

Correlation

The correlation between AGDAX and CHCLX is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AGDAX vs. CHCLX - Dividend Comparison

AGDAX's dividend yield for the trailing twelve months is around 6.33%, less than CHCLX's 12.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGDAX AB High Income Fund	6.33%	6.85%	5.89%	6.53%	6.79%	4.95%	5.86%	6.27%	7.47%	5.84%	6.25%	7.42%
CHCLX AB Discovery Growth Fund	12.02%	11.60%	0.00%	0.00%	0.00%	17.54%	15.15%	13.36%	20.33%	6.74%	0.00%	6.08%

Drawdowns

AGDAX vs. CHCLX - Drawdown Comparison

The maximum AGDAX drawdown since its inception was -45.59%, smaller than the maximum CHCLX drawdown of -63.85%. Use the drawdown chart below to compare losses from any high point for AGDAX and CHCLX.

Drawdown Indicators

	AGDAX	CHCLX	Difference
Max Drawdown Largest peak-to-trough decline	-45.59%	-63.85%	+18.26%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-15.70%	+12.53%
Max Drawdown (5Y) Largest decline over 5 years	-16.96%	-44.63%	+27.67%
Max Drawdown (10Y) Largest decline over 10 years	-25.82%	-44.63%	+18.81%
Current Drawdown Current decline from peak	-2.19%	-13.60%	+11.41%
Average Drawdown Average peak-to-trough decline	-4.49%	-14.23%	+9.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	4.52%	-3.74%

Volatility

AGDAX vs. CHCLX - Volatility Comparison

The current volatility for AB High Income Fund (AGDAX) is 1.31%, while AB Discovery Growth Fund (CHCLX) has a volatility of 11.03%. This indicates that AGDAX experiences smaller price fluctuations and is considered to be less risky than CHCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGDAX	CHCLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	11.03%	-9.72%
Volatility (6M) Calculated over the trailing 6-month period	2.31%	18.53%	-16.22%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	27.32%	-23.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.89%	25.69%	-20.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.65%	24.85%	-19.20%