ANAZX vs. TNBMX
Compare and contrast key facts about AB Global Bond Fund Class Z (ANAZX) and T. Rowe Price International Bond Fund (USD Hedged) (TNBMX).
ANAZX is managed by AllianceBernstein. It was launched on Oct 15, 2013. TNBMX is managed by T. Rowe Price. It was launched on Sep 11, 2017.
Performance
ANAZX vs. TNBMX - Performance Comparison
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ANAZX vs. TNBMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANAZX AB Global Bond Fund Class Z | -0.85% | 6.42% | 2.70% | 5.99% | -12.17% | -2.14% | 5.13% | 7.84% | 0.38% | 0.27% |
TNBMX T. Rowe Price International Bond Fund (USD Hedged) | -0.20% | 6.87% | 3.84% | 10.32% | -12.30% | -1.63% | 5.73% | 10.77% | 1.72% | 1.35% |
Returns By Period
In the year-to-date period, ANAZX achieves a -0.85% return, which is significantly lower than TNBMX's -0.20% return.
ANAZX
- 1D
- 0.15%
- 1M
- -2.28%
- YTD
- -0.85%
- 6M
- -0.33%
- 1Y
- 2.70%
- 3Y*
- 3.84%
- 5Y*
- 0.23%
- 10Y*
- 1.75%
TNBMX
- 1D
- 0.24%
- 1M
- -1.97%
- YTD
- -0.20%
- 6M
- 1.34%
- 1Y
- 6.09%
- 3Y*
- 5.79%
- 5Y*
- 1.41%
- 10Y*
- —
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ANAZX vs. TNBMX - Expense Ratio Comparison
ANAZX has a 0.52% expense ratio, which is lower than TNBMX's 0.53% expense ratio.
Return for Risk
ANAZX vs. TNBMX — Risk / Return Rank
ANAZX
TNBMX
ANAZX vs. TNBMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Global Bond Fund Class Z (ANAZX) and T. Rowe Price International Bond Fund (USD Hedged) (TNBMX). 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.
| ANAZX | TNBMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 2.32 | -1.42 |
Sortino ratioReturn per unit of downside risk | 1.31 | 3.57 | -2.27 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.55 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.85 | -1.64 |
Martin ratioReturn relative to average drawdown | 4.88 | 12.61 | -7.73 |
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
| ANAZX | TNBMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.32 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.39 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.86 | -0.20 |
Correlation
The correlation between ANAZX and TNBMX is 0.77, 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.
Dividends
ANAZX vs. TNBMX - Dividend Comparison
ANAZX's dividend yield for the trailing twelve months is around 3.73%, less than TNBMX's 6.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANAZX AB Global Bond Fund Class Z | 3.73% | 4.89% | 3.67% | 2.53% | 8.39% | 2.73% | 2.64% | 3.71% | 3.17% | 2.53% | 3.27% | 4.06% |
TNBMX T. Rowe Price International Bond Fund (USD Hedged) | 6.71% | 6.29% | 3.15% | 2.85% | 10.20% | 2.84% | 1.90% | 4.65% | 8.20% | 0.64% | 0.00% | 0.00% |
Drawdowns
ANAZX vs. TNBMX - Drawdown Comparison
The maximum ANAZX drawdown since its inception was -17.24%, which is greater than TNBMX's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for ANAZX and TNBMX.
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Drawdown Indicators
| ANAZX | TNBMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -15.78% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -2.32% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -17.24% | -15.48% | -1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -17.24% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -2.09% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -3.16% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.52% | +0.25% |
Volatility
ANAZX vs. TNBMX - Volatility Comparison
AB Global Bond Fund Class Z (ANAZX) has a higher volatility of 1.49% compared to T. Rowe Price International Bond Fund (USD Hedged) (TNBMX) at 1.15%. This indicates that ANAZX's price experiences larger fluctuations and is considered to be riskier than TNBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANAZX | TNBMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.15% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 1.80% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 2.71% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 3.60% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.72% | 3.33% | +0.39% |