AGRFX vs. ALCAX
Compare and contrast key facts about AB Growth Fund (AGRFX) and AB Municipal Income Fund California Portfolio (ALCAX).
AGRFX is managed by AllianceBernstein. It was launched on Sep 4, 1990. ALCAX is managed by AllianceBernstein. It was launched on Dec 28, 1986.
Performance
AGRFX vs. ALCAX - Performance Comparison
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AGRFX vs. ALCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGRFX AB Growth Fund | -9.55% | 10.84% | 31.50% | 37.95% | -29.65% | 21.40% | 35.97% | 31.11% | 3.75% | 33.88% |
ALCAX AB Municipal Income Fund California Portfolio | -0.31% | 4.84% | 2.41% | 6.38% | -8.98% | 1.71% | 4.86% | 7.05% | 0.54% | 5.54% |
Returns By Period
In the year-to-date period, AGRFX achieves a -9.55% return, which is significantly lower than ALCAX's -0.31% return. Over the past 10 years, AGRFX has outperformed ALCAX with an annualized return of 14.62%, while ALCAX has yielded a comparatively lower 2.09% annualized return.
AGRFX
- 1D
- 3.81%
- 1M
- -6.32%
- YTD
- -9.55%
- 6M
- -10.47%
- 1Y
- 9.41%
- 3Y*
- 17.37%
- 5Y*
- 8.93%
- 10Y*
- 14.62%
ALCAX
- 1D
- 0.29%
- 1M
- -2.16%
- YTD
- -0.31%
- 6M
- 1.02%
- 1Y
- 3.44%
- 3Y*
- 3.60%
- 5Y*
- 1.12%
- 10Y*
- 2.09%
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AGRFX vs. ALCAX - Expense Ratio Comparison
AGRFX has a 1.12% expense ratio, which is higher than ALCAX's 0.75% expense ratio.
Return for Risk
AGRFX vs. ALCAX — Risk / Return Rank
AGRFX
ALCAX
AGRFX vs. ALCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Growth Fund (AGRFX) and AB Municipal Income Fund California Portfolio (ALCAX). 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.
| AGRFX | ALCAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.82 | -0.33 |
Sortino ratioReturn per unit of downside risk | 0.85 | 1.11 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.00 | -0.37 |
Martin ratioReturn relative to average drawdown | 2.33 | 3.15 | -0.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGRFX | ALCAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.82 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.30 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.55 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.26 | -0.70 |
Correlation
The correlation between AGRFX and ALCAX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
AGRFX vs. ALCAX - Dividend Comparison
AGRFX's dividend yield for the trailing twelve months is around 18.10%, more than ALCAX's 3.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGRFX AB Growth Fund | 18.10% | 16.37% | 21.03% | 7.20% | 1.69% | 9.79% | 5.79% | 7.80% | 16.01% | 9.33% | 1.03% | 9.76% |
ALCAX AB Municipal Income Fund California Portfolio | 3.36% | 4.38% | 3.15% | 2.84% | 2.43% | 1.61% | 2.74% | 3.35% | 3.63% | 3.21% | 3.38% | 3.37% |
Drawdowns
AGRFX vs. ALCAX - Drawdown Comparison
The maximum AGRFX drawdown since its inception was -61.88%, which is greater than ALCAX's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for AGRFX and ALCAX.
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Drawdown Indicators
| AGRFX | ALCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.88% | -14.67% | -47.21% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | -4.57% | -11.35% |
Max Drawdown (5Y)Largest decline over 5 years | -35.21% | -14.31% | -20.90% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -14.31% | -20.90% |
Current DrawdownCurrent decline from peak | -12.72% | -2.43% | -10.29% |
Average DrawdownAverage peak-to-trough decline | -15.82% | -1.79% | -14.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.35% | 1.46% | +2.89% |
Volatility
AGRFX vs. ALCAX - Volatility Comparison
AB Growth Fund (AGRFX) has a higher volatility of 7.15% compared to AB Municipal Income Fund California Portfolio (ALCAX) at 1.15%. This indicates that AGRFX's price experiences larger fluctuations and is considered to be riskier than ALCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGRFX | ALCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.15% | 1.15% | +6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 1.73% | +10.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.85% | 4.76% | +16.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.85% | 3.80% | +17.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 3.83% | +16.59% |