APGAX vs. CABDX

Last updated Aug 3, 2026

APGAX (AB Large Cap Growth Fund Class A) and CABDX (AB Relative Value Fund) are both mutual funds - APGAX is a Large Cap Growth Equities fund actively managed by AllianceBernstein, while CABDX is a Large Cap Value Equities fund managed by AllianceBernstein. Over the past 10 years, APGAX returned 15.32%/yr vs 11.49%/yr for CABDX. Their correlation of 0.81 means they have usually moved in the same direction. APGAX charges 0.84%/yr vs 0.90%/yr for CABDX.

Performance

APGAX vs. CABDX - Performance Comparison

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

Returns By Period

In the year-to-date period, APGAX achieves a 0.70% return, which is significantly lower than CABDX's 16.28% return. Over the past 10 years, APGAX has outperformed CABDX with an annualized return of 15.32%, while CABDX has yielded a comparatively lower 11.49% annualized return.

APGAX

• 1D: 1.69%
• 1M: -2.13%
• 6M: 1.48%
• YTD: 0.70%
• 1Y: 6.41%
• 3Y*: 15.18%
• 5Y*: 7.84%
• 10Y*: 15.32%
• ALL TIME*: 11.00%

CABDX

• 1D: 0.40%
• 1M: 1.90%
• 6M: 11.77%
• YTD: 16.28%
• 1Y: 24.79%
• 3Y*: 14.44%
• 5Y*: 9.95%
• 10Y*: 11.49%
• ALL TIME*: 11.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APGAX AB Large Cap Growth Fund Class A	$0.00	$0.00	$0.00
CABDX AB Relative Value Fund	$0.00	$0.00	$0.00

APGAX vs. CABDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APGAX AB Large Cap Growth Fund Class A	0.70%	12.96%	25.09%	34.66%	-28.96%	28.60%	34.05%	33.77%	1.97%	31.36%
CABDX AB Relative Value Fund	16.28%	10.26%	12.63%	11.24%	-4.23%	27.48%	2.81%	23.06%	-6.00%	18.84%

Correlation

The correlation between APGAX and CABDX is 0.50, 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.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (10Y) Provides a long-term view across more market conditions.	0.66
Correlation (All Time) Calculated using the full available price history since Sep 29, 1992	0.81

Over the past year, the correlation between APGAX and CABDX has dropped to 0.50 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

APGAX vs. CABDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

APGAX

APGAX Risk / Return Rank: 9
APGAX Sharpe Ratio Rank: 9
APGAX Sortino Ratio Rank: 9
APGAX Omega Ratio Rank: 9
APGAX Calmar Ratio Rank: 8
APGAX Martin Ratio Rank: 9

CABDX

CABDX Risk / Return Rank: 88
CABDX Sharpe Ratio Rank: 88
CABDX Sortino Ratio Rank: 86
CABDX Omega Ratio Rank: 83
CABDX Calmar Ratio Rank: 92
CABDX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

APGAX vs. CABDX - Risk-Adjusted Trends Comparison

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

	APGAX	CABDX	Difference
Sharpe ratio: Return per unit of total volatility	0.29	2.17	-1.89
Sortino ratio: Return per unit of downside risk	0.50	3.14	-2.64
Omega ratio: Gain probability vs. loss probability	1.06	1.39	-0.33
Calmar ratio: Return relative to maximum drawdown	0.29	3.69	-3.41
Martin ratio: Return relative to average drawdown	1.00	14.05	-13.05

APGAX vs. CABDX - Sharpe Ratio Comparison

The current APGAX Sharpe Ratio is 0.29, which is lower than the CABDX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of APGAX and CABDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APGAX vs. CABDX - Drawdown Comparison

The maximum APGAX drawdown since its inception was -67.19%, which is greater than CABDX's maximum drawdown of -57.40%. Use the drawdown chart below to compare losses from any high point for APGAX and CABDX.

Drawdown Indicators

	APGAX	CABDX	Difference
Max Drawdown Largest peak-to-trough decline	-67.19%	-57.40%	-9.79%
Max Drawdown (1Y) Largest decline over 1 year	-15.33%	-6.21%	-9.12%
Max Drawdown (3Y) Largest decline over 3 years	-21.63%	-15.69%	-5.94%
Max Drawdown (5Y) Largest decline over 5 years	-34.04%	-17.53%	-16.51%
Max Drawdown (10Y) Largest decline over 10 years	-34.04%	-36.33%	+2.29%
Current Drawdown Current decline from peak	-5.23%	-0.66%	-4.57%
Average Drawdown Average peak-to-trough decline	-19.34%	-8.41%	-10.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	1.64%	+2.78%

Volatility

APGAX vs. CABDX - Volatility Comparison

AB Large Cap Growth Fund Class A (APGAX) has a higher volatility of 4.39% compared to AB Relative Value Fund (CABDX) at 2.45%. This indicates that APGAX's price experiences larger fluctuations and is considered to be riskier than CABDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APGAX	CABDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	2.45%	+1.94%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	7.64%	+4.68%
Volatility (1Y) Calculated over the trailing 1-year period	15.50%	10.56%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.34%	14.34%	+6.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	16.45%	+3.28%

APGAX vs. CABDX - Expense Ratio Comparison

APGAX has a 0.84% expense ratio, which is lower than CABDX's 0.90% expense ratio.

Dividends

APGAX vs. CABDX - Dividend Comparison

APGAX's dividend yield for the trailing twelve months is around 11.23%, more than CABDX's 5.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APGAX AB Large Cap Growth Fund Class A	11.23%	11.31%	7.44%	1.75%	0.97%	8.04%	2.87%	3.66%	9.96%	4.09%	2.74%	9.23%
CABDX AB Relative Value Fund	5.20%	6.05%	11.24%	6.55%	8.00%	10.15%	1.18%	4.45%	15.34%	12.71%	6.97%	4.34%

Frequently Asked Questions

Can I hold both APGAX and CABDX in my portfolio?

APGAX and CABDX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APGAX or CABDX?

APGAX has higher volatility (4.39%) compared to CABDX (2.45%). In terms of maximum drawdown, APGAX dropped -67.19% vs CABDX's -57.40%.

Which has better risk-adjusted returns?

CABDX currently has the higher Sharpe Ratio (2.17 vs 0.29), 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.