ANAGX vs. APGAX

Last updated Apr 1, 2026

Compare and contrast key facts about AB Global Bond Fund (ANAGX) and AB Large Cap Growth Fund Class A (APGAX).

ANAGX is managed by AllianceBernstein. It was launched on Mar 26, 1992. APGAX is managed by AllianceBernstein. It was launched on Oct 1, 1996.

Performance

ANAGX vs. APGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Global Bond Fund (ANAGX) and AB Large Cap Growth Fund Class A (APGAX). The values are adjusted to include any dividend payments, if applicable.

ANAGX vs. APGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANAGX AB Global Bond Fund	-1.03%	4.97%	1.73%	6.53%	-12.41%	-2.49%	4.72%	7.44%	0.09%	2.99%
APGAX AB Large Cap Growth Fund Class A	-12.84%	12.96%	25.09%	34.66%	-28.96%	28.60%	34.05%	33.77%	1.97%	31.36%

Returns By Period

In the year-to-date period, ANAGX achieves a -1.03% return, which is significantly higher than APGAX's -12.84% return. Over the past 10 years, ANAGX has underperformed APGAX with an annualized return of 1.33%, while APGAX has yielded a comparatively higher 14.15% annualized return.

ANAGX

• 1D: 0.44%
• 1M: -2.70%
• YTD: -1.03%
• 6M: -0.44%
• 1Y: 2.41%
• 3Y*: 3.06%
• 5Y*: -0.27%
• 10Y*: 1.33%

APGAX

• 1D: -0.11%
• 1M: -10.13%
• YTD: -12.84%
• 6M: -12.69%
• 1Y: 7.50%
• 3Y*: 14.10%
• 5Y*: 8.44%
• 10Y*: 14.15%

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

ANAGX vs. APGAX - Expense Ratio Comparison

ANAGX has a 0.80% expense ratio, which is lower than APGAX's 0.84% expense ratio.

APGAX

AB Large Cap Growth Fund Class A

ANAGX

AB Global Bond Fund

Return for Risk

ANAGX vs. APGAX — Risk / Return Rank

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

ANAGX

ANAGX Risk / Return Rank: 36
ANAGX Sharpe Ratio Rank: 39
ANAGX Sortino Ratio Rank: 34
ANAGX Omega Ratio Rank: 30
ANAGX Calmar Ratio Rank: 38
ANAGX Martin Ratio Rank: 41

APGAX

APGAX Risk / Return Rank: 15
APGAX Sharpe Ratio Rank: 15
APGAX Sortino Ratio Rank: 17
APGAX Omega Ratio Rank: 16
APGAX Calmar Ratio Rank: 13
APGAX Martin Ratio Rank: 14

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.

ANAGX vs. APGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Global Bond Fund (ANAGX) and AB Large Cap Growth Fund Class A (APGAX). 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.

	ANAGX	APGAX	Difference
Sharpe ratio Return per unit of total volatility	0.83	0.39	+0.45
Sortino ratio Return per unit of downside risk	1.15	0.71	+0.44
Omega ratio Gain probability vs. loss probability	1.16	1.10	+0.06
Calmar ratio Return relative to maximum drawdown	1.01	0.32	+0.69
Martin ratio Return relative to average drawdown	4.21	1.26	+2.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANAGX vs. APGAX - Sharpe Ratio Comparison

The current ANAGX Sharpe Ratio is 0.83, which is higher than the APGAX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of ANAGX and APGAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ANAGX	APGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	0.39	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	0.42	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.72	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.51	+0.21

Correlation

The correlation between ANAGX and APGAX is 0.08, 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.

Dividends

ANAGX vs. APGAX - Dividend Comparison

ANAGX's dividend yield for the trailing twelve months is around 3.16%, less than APGAX's 12.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANAGX AB Global Bond Fund	3.16%	3.40%	2.88%	2.87%	8.08%	2.37%	2.38%	3.22%	3.01%	2.23%	2.96%	3.69%
APGAX AB Large Cap Growth Fund Class A	12.98%	11.31%	7.44%	1.75%	0.97%	8.04%	2.87%	3.66%	9.96%	4.09%	2.74%	9.23%

Drawdowns

ANAGX vs. APGAX - Drawdown Comparison

The maximum ANAGX drawdown since its inception was -44.21%, smaller than the maximum APGAX drawdown of -67.19%. Use the drawdown chart below to compare losses from any high point for ANAGX and APGAX.

Drawdown Indicators

	ANAGX	APGAX	Difference
Max Drawdown Largest peak-to-trough decline	-44.21%	-67.19%	+22.98%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	-15.33%	+12.21%
Max Drawdown (5Y) Largest decline over 5 years	-17.60%	-34.04%	+16.44%
Max Drawdown (10Y) Largest decline over 10 years	-17.60%	-34.04%	+16.44%
Current Drawdown Current decline from peak	-4.02%	-15.33%	+11.31%
Average Drawdown Average peak-to-trough decline	-3.68%	-19.51%	+15.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	3.94%	-3.19%

Volatility

ANAGX vs. APGAX - Volatility Comparison

The current volatility for AB Global Bond Fund (ANAGX) is 1.50%, while AB Large Cap Growth Fund Class A (APGAX) has a volatility of 5.12%. This indicates that ANAGX experiences smaller price fluctuations and is considered to be less risky than APGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANAGX	APGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	5.12%	-3.62%
Volatility (6M) Calculated over the trailing 6-month period	2.20%	10.80%	-8.60%
Volatility (1Y) Calculated over the trailing 1-year period	3.27%	19.92%	-16.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.36%	20.13%	-15.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.70%	19.60%	-15.90%