AGDAX vs. SPY
Compare and contrast key facts about AB High Income Fund (AGDAX) and SPDR S&P 500 ETF (SPY).
AGDAX is managed by AllianceBernstein. It was launched on Feb 25, 1994. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGDAX or SPY.
Correlation
The correlation between AGDAX and SPY is 0.32, 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.
Performance
AGDAX vs. SPY - Performance Comparison
Key characteristics
AGDAX:
3.12
SPY:
2.20
AGDAX:
5.30
SPY:
2.92
AGDAX:
1.82
SPY:
1.41
AGDAX:
6.56
SPY:
3.35
AGDAX:
20.83
SPY:
14.01
AGDAX:
0.50%
SPY:
2.01%
AGDAX:
3.35%
SPY:
12.76%
AGDAX:
-52.86%
SPY:
-55.19%
AGDAX:
-0.01%
SPY:
-0.45%
Returns By Period
In the year-to-date period, AGDAX achieves a 0.57% return, which is significantly lower than SPY's 2.90% return. Over the past 10 years, AGDAX has underperformed SPY with an annualized return of 4.32%, while SPY has yielded a comparatively higher 13.39% annualized return.
AGDAX
0.57%
1.13%
5.12%
10.28%
3.52%
4.32%
SPY
2.90%
2.01%
9.60%
26.34%
14.48%
13.39%
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AGDAX vs. SPY - Expense Ratio Comparison
AGDAX has a 0.84% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AGDAX vs. SPY — Risk-Adjusted Performance Rank
AGDAX
SPY
AGDAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB High Income Fund (AGDAX) and SPDR S&P 500 ETF (SPY). 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
AGDAX vs. SPY - Dividend Comparison
AGDAX's dividend yield for the trailing twelve months is around 7.07%, more than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGDAX AB High Income Fund | 7.07% | 7.11% | 7.15% | 7.52% | 6.01% | 5.92% | 6.27% | 6.94% | 5.85% | 6.25% | 7.43% | 7.37% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
AGDAX vs. SPY - Drawdown Comparison
The maximum AGDAX drawdown since its inception was -52.86%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AGDAX and SPY. For additional features, visit the drawdowns tool.
Volatility
AGDAX vs. SPY - Volatility Comparison
The current volatility for AB High Income Fund (AGDAX) is 1.08%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.17%. This indicates that AGDAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.