APGAX vs. SCRZX

Last updated Jun 4, 2026

APGAX (AB Large Cap Growth Fund Class A) and SCRZX (AB Small Cap Core Portfolio) are both mutual funds - APGAX is a Large Cap Growth Equities fund managed by AllianceBernstein, while SCRZX is a Small Cap Blend Equities fund managed by AllianceBernstein. Over the past 10 years, APGAX returned 16.31%/yr vs 9.77%/yr for SCRZX. A 0.71 correlation means they provide meaningful diversification when combined. APGAX charges 0.84%/yr vs 0.87%/yr for SCRZX.

Performance

APGAX vs. SCRZX - 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 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, APGAX achieves a 5.59% return, which is significantly lower than SCRZX's 16.20% return. Over the past 10 years, APGAX has outperformed SCRZX with an annualized return of 16.31%, while SCRZX has yielded a comparatively lower 9.77% annualized return.

APGAX

• 1D: -0.63%
• 1M: 3.66%
• YTD: 5.59%
• 6M: 4.68%
• 1Y: 16.23%
• 3Y*: 19.07%
• 5Y*: 11.17%
• 10Y*: 16.31%

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)

APGAX vs. SCRZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APGAX AB Large Cap Growth Fund Class A	5.59%	12.96%	25.09%	34.66%	-28.96%	28.60%	34.05%	33.77%	1.97%	31.36%
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 APGAX and SCRZX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.71

The correlation between APGAX and SCRZX has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

APGAX vs. SCRZX — Risk / Return Rank

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

APGAX

APGAX Risk / Return Rank: 15
APGAX Sharpe Ratio Rank: 17
APGAX Sortino Ratio Rank: 17
APGAX Omega Ratio Rank: 17
APGAX Calmar Ratio Rank: 12
APGAX Martin Ratio Rank: 14

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.

APGAX vs. SCRZX - 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 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.

	APGAX	SCRZX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.82	-0.63
Sortino ratio: Return per unit of downside risk	1.71	2.60	-0.89
Omega ratio: Gain probability vs. loss probability	1.22	1.31	-0.09
Calmar ratio: Return relative to maximum drawdown	1.12	3.56	-2.44
Martin ratio: Return relative to average drawdown	4.13	12.21	-8.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APGAX vs. SCRZX - Sharpe Ratio Comparison

The current APGAX Sharpe Ratio is 1.19, which is lower than the SCRZX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of APGAX 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

	APGAX	SCRZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.82	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.31	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.42	+0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.42	+0.11

Drawdowns

APGAX vs. SCRZX - Drawdown Comparison

The maximum APGAX drawdown since its inception was -67.19%, which is greater than SCRZX's maximum drawdown of -44.82%. Use the drawdown chart below to compare losses from any high point for APGAX and SCRZX.

Drawdown Indicators

	APGAX	SCRZX	Difference
Max Drawdown Largest peak-to-trough decline	-67.19%	-44.82%	-22.37%
Max Drawdown (1Y) Largest decline over 1 year	-15.33%	-9.37%	-5.96%
Max Drawdown (3Y) Largest decline over 3 years	-21.63%	-28.46%	+6.83%
Max Drawdown (5Y) Largest decline over 5 years	-34.04%	-29.24%	-4.80%
Max Drawdown (10Y) Largest decline over 10 years	-34.04%	-44.82%	+10.78%
Current Drawdown Current decline from peak	-0.63%	0.00%	-0.63%
Average Drawdown Average peak-to-trough decline	-19.42%	-8.65%	-10.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	2.73%	+1.41%

Volatility

APGAX vs. SCRZX - Volatility Comparison

The current volatility for AB Large Cap Growth Fund Class A (APGAX) is 3.20%, while AB Small Cap Core Portfolio (SCRZX) has a volatility of 5.17%. This indicates that APGAX 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

	APGAX	SCRZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	5.17%	-1.97%
Volatility (6M) Calculated over the trailing 6-month period	10.91%	12.87%	-1.96%
Volatility (1Y) Calculated over the trailing 1-year period	14.36%	18.34%	-3.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.16%	22.04%	-1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	23.23%	-3.56%

APGAX vs. SCRZX - Expense Ratio Comparison

APGAX has a 0.84% expense ratio, which is lower than SCRZX's 0.87% expense ratio.

Dividends

APGAX vs. SCRZX - Dividend Comparison

APGAX's dividend yield for the trailing twelve months is around 10.71%, more than SCRZX's 9.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APGAX AB Large Cap Growth Fund Class A	10.71%	11.31%	7.44%	1.75%	0.97%	8.04%	2.87%	3.66%	9.96%	4.09%	2.74%	9.23%
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%	0.00%

Frequently Asked Questions

Can I hold both APGAX and SCRZX in my portfolio?

APGAX and SCRZX have a correlation of 0.66, 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 SCRZX?

SCRZX has higher volatility (5.17%) compared to APGAX (3.20%). In terms of maximum drawdown, APGAX dropped -67.19% vs SCRZX's -44.82%.

Which has better risk-adjusted returns?

SCRZX currently has the higher Sharpe Ratio (1.82 vs 1.19), 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.