AGRFX vs. SPY
Compare and contrast key facts about AB Growth Fund (AGRFX) and SPDR S&P 500 ETF (SPY).
AGRFX is managed by AllianceBernstein. It was launched on Sep 4, 1990. 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: AGRFX or SPY.
Key characteristics
AGRFX | SPY | |
---|---|---|
YTD Return | 15.00% | 16.37% |
1Y Return | 25.36% | 24.89% |
3Y Return (Ann) | 4.33% | 8.26% |
5Y Return (Ann) | 14.15% | 14.85% |
10Y Return (Ann) | 14.60% | 12.62% |
Sharpe Ratio | 1.53 | 1.92 |
Daily Std Dev | 16.30% | 12.50% |
Max Drawdown | -61.88% | -55.19% |
Current Drawdown | -7.07% | -2.70% |
Correlation
The correlation between AGRFX and SPY is 0.87, 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
AGRFX vs. SPY - Performance Comparison
In the year-to-date period, AGRFX achieves a 15.00% return, which is significantly lower than SPY's 16.37% return. Over the past 10 years, AGRFX has outperformed SPY with an annualized return of 14.60%, while SPY has yielded a comparatively lower 12.62% 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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AGRFX vs. SPY - Expense Ratio Comparison
AGRFX has a 1.12% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AGRFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Growth Fund (AGRFX) 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
AGRFX vs. SPY - Dividend Comparison
AGRFX's dividend yield for the trailing twelve months is around 5.99%, more than SPY's 1.25% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
AGRFX AB Growth Fund | 5.99% | 6.89% | 1.69% | 9.79% | 5.79% | 7.80% | 16.01% | 9.33% | 1.03% | 9.76% | 4.89% | 0.00% |
SPY SPDR S&P 500 ETF | 1.25% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AGRFX vs. SPY - Drawdown Comparison
The maximum AGRFX drawdown since its inception was -61.88%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AGRFX and SPY. For additional features, visit the drawdowns tool.
Volatility
AGRFX vs. SPY - Volatility Comparison
AB Growth Fund (AGRFX) has a higher volatility of 5.89% compared to SPDR S&P 500 ETF (SPY) at 4.45%. This indicates that AGRFX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.