ALTFX vs. AWF
ALTFX (AB Sustainable Global Thematic Fund) and AWF (AllianceBernstein Global High Income Closed Fund) are both mutual funds - ALTFX is a Global Equities fund managed by AllianceBernstein, while AWF is a High Yield Bonds fund actively managed by AllianceBernstein. Over the past 10 years, ALTFX returned 10.33%/yr vs 5.40%/yr for AWF. Their 0.32 correlation means their historical movements had little consistent relationship. ALTFX charges 1.02%/yr vs 1.00%/yr for AWF.
Performance
ALTFX vs. AWF - Performance Comparison
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Returns By Period
In the year-to-date period, ALTFX achieves a 1.83% return, which is significantly higher than AWF's -1.31% return. Over the past 10 years, ALTFX has outperformed AWF with an annualized return of 10.33%, while AWF has yielded a comparatively lower 5.40% annualized return.
ALTFX
- 1D
- 0.34%
- 1M
- -1.41%
- 6M
- 0.62%
- YTD
- 1.83%
- 1Y
- 3.47%
- 3Y*
- 5.46%
- 5Y*
- 0.99%
- 10Y*
- 10.33%
- ALL TIME*
- 6.93%
AWF
- 1D
- 0.50%
- 1M
- -0.59%
- 6M
- -1.56%
- YTD
- -1.31%
- 1Y
- -1.92%
- 3Y*
- 8.78%
- 5Y*
- 3.59%
- 10Y*
- 5.40%
- ALL TIME*
- 6.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.79M | $3.34M | $3.76M |
ALTFX vs. AWF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTFX AB Sustainable Global Thematic Fund | 1.83% | 6.22% | 5.94% | 15.97% | -27.19% | 22.64% | 39.40% | 33.60% | -9.86% | 37.16% |
AWF AllianceBernstein Global High Income Closed Fund | -1.31% | 7.54% | 14.30% | 18.37% | -16.62% | 9.95% | 4.40% | 23.40% | -11.35% | 7.77% |
Correlation
The correlation between ALTFX and AWF is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 1996 | 0.32 |
Over the past year, ALTFX and AWF have become more correlated (0.52) than their long-term average of 0.32, meaning their price movements have been converging.
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Return for Risk
ALTFX vs. AWF — Risk / Return Rank
ALTFX
AWF
ALTFX vs. AWF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Sustainable Global Thematic Fund (ALTFX) and AllianceBernstein Global High Income Closed Fund (AWF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALTFX | AWF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.97 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.19 | +0.33 |
| Martin ratioReturn relative to average drawdown | 0.41 | -0.40 | +0.81 |
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Drawdowns
ALTFX vs. AWF - Drawdown Comparison
The maximum ALTFX drawdown since its inception was -80.01%, which is greater than AWF's maximum drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for ALTFX and AWF.
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Drawdown Indicators
| ALTFX | AWF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.01% | -55.54% | -24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -10.19% | -5.62% |
Max Drawdown (3Y)Largest decline over 3 years | -22.92% | -11.12% | -11.80% |
Max Drawdown (5Y)Largest decline over 5 years | -35.87% | -25.25% | -10.62% |
Max Drawdown (10Y)Largest decline over 10 years | -35.87% | -40.12% | +4.25% |
Current DrawdownCurrent decline from peak | -4.64% | -5.43% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -36.77% | -12.27% | -24.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 4.81% | +0.60% |
Volatility
ALTFX vs. AWF - Volatility Comparison
AB Sustainable Global Thematic Fund (ALTFX) has a higher volatility of 4.47% compared to AllianceBernstein Global High Income Closed Fund (AWF) at 1.77%. This indicates that ALTFX's price experiences larger fluctuations and is considered to be riskier than AWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTFX | AWF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 1.77% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 7.47% | +5.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 8.48% | +7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 12.09% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 15.18% | +2.81% |
ALTFX vs. AWF - Expense Ratio Comparison
ALTFX has a 1.02% expense ratio, which is higher than AWF's 1.00% expense ratio.
Dividends
ALTFX vs. AWF - Dividend Comparison
ALTFX's dividend yield for the trailing twelve months is around 13.29%, more than AWF's 7.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTFX AB Sustainable Global Thematic Fund | 13.29% | 13.53% | 8.18% | 0.03% | 2.61% | 9.99% | 7.23% | 6.01% | 8.36% | 0.00% | 4.05% | 0.00% |
AWF AllianceBernstein Global High Income Closed Fund | 7.75% | 7.81% | 7.47% | 7.33% | 10.30% | 6.48% | 6.68% | 6.62% | 7.97% | 6.03% | 7.73% | 10.28% |
Frequently Asked Questions
ALTFX and AWF have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALTFX has higher volatility (4.47%) compared to AWF (1.77%). In terms of maximum drawdown, ALTFX dropped -80.01% vs AWF's -55.54%.
ALTFX currently has the higher Sharpe Ratio (0.14 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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