ALTFX vs. SCRZX

Last updated Jun 4, 2026

ALTFX (AB Sustainable Global Thematic Fund) and SCRZX (AB Small Cap Core Portfolio) are both mutual funds - ALTFX is a Global Equities fund managed by AllianceBernstein, while SCRZX is a Small Cap Blend Equities fund managed by AllianceBernstein. Over the past 10 years, ALTFX returned 11.46%/yr vs 9.77%/yr for SCRZX. A 0.79 correlation means they provide meaningful diversification when combined. ALTFX charges 1.02%/yr vs 0.87%/yr for SCRZX.

Performance

ALTFX vs. SCRZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Sustainable Global Thematic Fund (ALTFX) and AB Small Cap Core Portfolio (SCRZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALTFX achieves a 5.73% return, which is significantly lower than SCRZX's 16.20% return. Over the past 10 years, ALTFX has outperformed SCRZX with an annualized return of 11.46%, while SCRZX has yielded a comparatively lower 9.77% annualized return.

ALTFX

• 1D: 0.54%
• 1M: 5.67%
• YTD: 5.73%
• 6M: 4.98%
• 1Y: 9.72%
• 3Y*: 8.78%
• 5Y*: 2.92%
• 10Y*: 11.46%

SCRZX

• 1D: 0.74%
• 1M: 3.59%
• YTD: 16.20%
• 6M: 14.94%
• 1Y: 31.34%
• 3Y*: 15.56%
• 5Y*: 6.81%
• 10Y*: 9.77%

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

ALTFX vs. SCRZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALTFX AB Sustainable Global Thematic Fund	5.73%	6.22%	5.94%	15.97%	-27.19%	22.64%	39.40%	33.60%	-9.86%	37.16%
SCRZX AB Small Cap Core Portfolio	16.20%	7.75%	7.72%	20.91%	-18.89%	23.27%	12.41%	24.28%	-13.25%	7.40%

Correlation

The correlation between ALTFX and SCRZX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.79

The correlation between ALTFX and SCRZX has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

ALTFX vs. SCRZX — Risk / Return Rank

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

ALTFX

ALTFX Risk / Return Rank: 8
ALTFX Sharpe Ratio Rank: 9
ALTFX Sortino Ratio Rank: 9
ALTFX Omega Ratio Rank: 9
ALTFX Calmar Ratio Rank: 6
ALTFX Martin Ratio Rank: 7

SCRZX

SCRZX Risk / Return Rank: 50
SCRZX Sharpe Ratio Rank: 39
SCRZX Sortino Ratio Rank: 39
SCRZX Omega Ratio Rank: 34
SCRZX Calmar Ratio Rank: 78
SCRZX Martin Ratio Rank: 62

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.

ALTFX vs. SCRZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Sustainable Global Thematic Fund (ALTFX) and AB Small Cap Core Portfolio (SCRZX). 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.

	ALTFX	SCRZX	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.82	-1.11
Sortino ratio: Return per unit of downside risk	1.08	2.60	-1.52
Omega ratio: Gain probability vs. loss probability	1.14	1.31	-0.17
Calmar ratio: Return relative to maximum drawdown	0.65	3.56	-2.91
Martin ratio: Return relative to average drawdown	1.94	12.21	-10.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALTFX vs. SCRZX - Sharpe Ratio Comparison

The current ALTFX Sharpe Ratio is 0.71, which is lower than the SCRZX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of ALTFX and SCRZX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ALTFX	SCRZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	1.82	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.31	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.42	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.42	-0.14

Drawdowns

ALTFX vs. SCRZX - Drawdown Comparison

The maximum ALTFX drawdown since its inception was -80.01%, which is greater than SCRZX's maximum drawdown of -44.82%. Use the drawdown chart below to compare losses from any high point for ALTFX and SCRZX.

Drawdown Indicators

	ALTFX	SCRZX	Difference
Max Drawdown Largest peak-to-trough decline	-80.01%	-44.82%	-35.19%
Max Drawdown (1Y) Largest decline over 1 year	-15.81%	-9.37%	-6.44%
Max Drawdown (3Y) Largest decline over 3 years	-22.92%	-28.46%	+5.54%
Max Drawdown (5Y) Largest decline over 5 years	-35.87%	-29.24%	-6.63%
Max Drawdown (10Y) Largest decline over 10 years	-35.87%	-44.82%	+8.95%
Current Drawdown Current decline from peak	-0.99%	0.00%	-0.99%
Average Drawdown Average peak-to-trough decline	-36.95%	-8.65%	-28.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.28%	2.73%	+2.55%

Volatility

ALTFX vs. SCRZX - Volatility Comparison

The current volatility for AB Sustainable Global Thematic Fund (ALTFX) is 4.89%, while AB Small Cap Core Portfolio (SCRZX) has a volatility of 5.17%. This indicates that ALTFX experiences smaller price fluctuations and is considered to be less risky than SCRZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALTFX	SCRZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	5.17%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	12.87%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	14.48%	18.34%	-3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	22.04%	-3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	23.23%	-5.18%

ALTFX vs. SCRZX - Expense Ratio Comparison

ALTFX has a 1.02% expense ratio, which is higher than SCRZX's 0.87% expense ratio.

Dividends

ALTFX vs. SCRZX - Dividend Comparison

ALTFX's dividend yield for the trailing twelve months is around 12.80%, more than SCRZX's 9.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ALTFX AB Sustainable Global Thematic Fund	12.80%	13.53%	8.18%	0.03%	2.61%	9.99%	7.23%	6.01%	8.36%	0.00%	4.05%
SCRZX AB Small Cap Core Portfolio	9.24%	10.74%	15.00%	8.51%	8.47%	5.95%	0.51%	0.47%	8.63%	6.37%	0.28%

Frequently Asked Questions

Can I hold both ALTFX and SCRZX in my portfolio?

ALTFX and SCRZX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALTFX or SCRZX?

SCRZX has higher volatility (5.17%) compared to ALTFX (4.89%). In terms of maximum drawdown, ALTFX dropped -80.01% vs SCRZX's -44.82%.

Which has better risk-adjusted returns?

SCRZX currently has the higher Sharpe Ratio (1.82 vs 0.71), 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.