ANAZX vs. VWETX
ANAZX (AB Global Bond Fund Class Z) and VWETX (Vanguard Long-Term Investment-Grade Fund Admiral Shares) are both mutual funds - ANAZX is a Global Bonds fund managed by AllianceBernstein, while VWETX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, ANAZX returned 1.77%/yr vs 1.78%/yr for VWETX. A 0.77 correlation means they provide meaningful diversification when combined. ANAZX charges 0.52%/yr vs 0.12%/yr for VWETX.
Performance
ANAZX vs. VWETX - Performance Comparison
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Returns By Period
In the year-to-date period, ANAZX achieves a 0.87% return, which is significantly lower than VWETX's 1.25% return. Both investments have delivered pretty close results over the past 10 years, with ANAZX having a 1.77% annualized return and VWETX not far ahead at 1.78%.
ANAZX
- 1D
- 0.00%
- 1M
- 1.08%
- YTD
- 0.87%
- 6M
- 1.49%
- 1Y
- 3.36%
- 3Y*
- 4.90%
- 5Y*
- 0.37%
- 10Y*
- 1.77%
VWETX
- 1D
- 0.40%
- 1M
- 2.05%
- YTD
- 1.25%
- 6M
- 1.68%
- 1Y
- 6.94%
- 3Y*
- 3.40%
- 5Y*
- -2.84%
- 10Y*
- 1.78%
ANAZX vs. VWETX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANAZX AB Global Bond Fund Class Z | 0.87% | 6.42% | 2.70% | 5.99% | -12.17% | -2.14% | 5.13% | 7.84% | 0.38% | 3.18% |
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 1.25% | 7.31% | -2.70% | 8.92% | -25.54% | -2.79% | 15.50% | 20.56% | -6.17% | 12.08% |
Correlation
The correlation between ANAZX and VWETX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2013 | 0.77 |
The correlation between ANAZX and VWETX has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
ANAZX vs. VWETX — Risk / Return Rank
ANAZX
VWETX
ANAZX vs. VWETX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Global Bond Fund Class Z (ANAZX) and Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX). 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.
| ANAZX | VWETX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.36 | -0.28 |
| Martin ratioReturn relative to average drawdown | 3.38 | 3.40 | -0.02 |
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Drawdowns
ANAZX vs. VWETX - Drawdown Comparison
The maximum ANAZX drawdown since its inception was -17.24%, smaller than the maximum VWETX drawdown of -36.04%. Use the drawdown chart below to compare losses from any high point for ANAZX and VWETX.
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Drawdown Indicators
| ANAZX | VWETX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -36.04% | +18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -5.12% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -13.33% | +9.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.24% | -34.42% | +17.18% |
Max Drawdown (10Y)Largest decline over 10 years | -17.24% | -36.04% | +18.80% |
Current DrawdownCurrent decline from peak | -0.87% | -18.23% | +17.36% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -7.22% | +3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 2.05% | -1.05% |
Volatility
ANAZX vs. VWETX - Volatility Comparison
The current volatility for AB Global Bond Fund Class Z (ANAZX) is 1.19%, while Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) has a volatility of 2.04%. This indicates that ANAZX experiences smaller price fluctuations and is considered to be less risky than VWETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANAZX | VWETX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 2.04% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 5.64% | -2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 7.68% | -4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 12.07% | -7.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 10.86% | -7.09% |
ANAZX vs. VWETX - Expense Ratio Comparison
ANAZX has a 0.52% expense ratio, which is higher than VWETX's 0.12% expense ratio.
Dividends
ANAZX vs. VWETX - Dividend Comparison
ANAZX's dividend yield for the trailing twelve months is around 3.75%, less than VWETX's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANAZX AB Global Bond Fund Class Z | 3.75% | 4.89% | 3.67% | 2.53% | 8.39% | 2.73% | 2.64% | 3.71% | 3.17% | 2.53% | 3.27% | 4.06% |
VWETX Vanguard Long-Term Investment-Grade Fund Admiral Shares | 5.15% | 5.06% | 5.10% | 4.26% | 4.54% | 4.86% | 6.99% | 5.11% | 4.40% | 5.60% | 6.25% | 7.49% |
Frequently Asked Questions
ANAZX and VWETX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWETX has higher volatility (2.04%) compared to ANAZX (1.19%). In terms of maximum drawdown, ANAZX dropped -17.24% vs VWETX's -36.04%.
ANAZX currently has the higher Sharpe Ratio (1.01 vs 0.91), 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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