ATWYX vs. CAEIX

Last updated Jun 4, 2026

ATWYX (AB Tax-Managed Wealth Appreciation Strategy) and CAEIX (Calvert Global Energy Solutions Fund) are both Global Equities funds. Over the past 10 years, ATWYX returned 12.05%/yr vs 11.83%/yr for CAEIX. Their correlation of 0.83 suggests significant overlap in exposure. ATWYX charges 0.38%/yr vs 0.99%/yr for CAEIX.

Performance

ATWYX vs. CAEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Tax-Managed Wealth Appreciation Strategy (ATWYX) and Calvert Global Energy Solutions Fund (CAEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATWYX achieves a 12.24% return, which is significantly lower than CAEIX's 23.10% return. Both investments have delivered pretty close results over the past 10 years, with ATWYX having a 12.05% annualized return and CAEIX not far behind at 11.83%.

ATWYX

• 1D: 0.28%
• 1M: 3.96%
• YTD: 12.24%
• 6M: 13.23%
• 1Y: 29.52%
• 3Y*: 21.14%
• 5Y*: 11.26%
• 10Y*: 12.05%

CAEIX

• 1D: 1.24%
• 1M: 4.18%
• YTD: 23.10%
• 6M: 23.57%
• 1Y: 49.07%
• 3Y*: 13.90%
• 5Y*: 6.54%
• 10Y*: 11.83%

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

ATWYX vs. CAEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ATWYX AB Tax-Managed Wealth Appreciation Strategy	12.24%	21.44%	18.72%	20.55%	-18.58%	20.45%	12.70%	25.56%	-9.76%	23.04%
CAEIX Calvert Global Energy Solutions Fund	23.10%	32.61%	-7.13%	5.67%	-17.43%	6.73%	61.52%	33.48%	-19.26%	29.65%

Correlation

The correlation between ATWYX and CAEIX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007	0.83

The correlation between ATWYX and CAEIX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

ATWYX vs. CAEIX — Risk / Return Rank

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

ATWYX

ATWYX Risk / Return Rank: 65
ATWYX Sharpe Ratio Rank: 66
ATWYX Sortino Ratio Rank: 60
ATWYX Omega Ratio Rank: 61
ATWYX Calmar Ratio Rank: 65
ATWYX Martin Ratio Rank: 73

CAEIX

CAEIX Risk / Return Rank: 89
CAEIX Sharpe Ratio Rank: 92
CAEIX Sortino Ratio Rank: 84
CAEIX Omega Ratio Rank: 80
CAEIX Calmar Ratio Rank: 95
CAEIX Martin Ratio Rank: 94

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.

ATWYX vs. CAEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) and Calvert Global Energy Solutions Fund (CAEIX). 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.

	ATWYX	CAEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	3.08	-0.70
Sortino ratio: Return per unit of downside risk	3.26	3.95	-0.69
Omega ratio: Gain probability vs. loss probability	1.44	1.52	-0.09
Calmar ratio: Return relative to maximum drawdown	3.10	6.03	-2.93
Martin ratio: Return relative to average drawdown	13.89	20.83	-6.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATWYX vs. CAEIX - Sharpe Ratio Comparison

The current ATWYX Sharpe Ratio is 2.38, which is comparable to the CAEIX Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of ATWYX and CAEIX, 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

	ATWYX	CAEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	3.08	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.34	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.60	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.07	+0.38

Drawdowns

ATWYX vs. CAEIX - Drawdown Comparison

The maximum ATWYX drawdown since its inception was -59.14%, smaller than the maximum CAEIX drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for ATWYX and CAEIX.

Drawdown Indicators

	ATWYX	CAEIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.14%	-75.81%	+16.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-8.39%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-24.57%	+6.99%
Max Drawdown (5Y) Largest decline over 5 years	-26.21%	-32.58%	+6.37%
Max Drawdown (10Y) Largest decline over 10 years	-34.33%	-37.54%	+3.21%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.99%	-48.64%	+38.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	2.42%	-0.24%

Volatility

ATWYX vs. CAEIX - Volatility Comparison

The current volatility for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) is 3.60%, while Calvert Global Energy Solutions Fund (CAEIX) has a volatility of 5.76%. This indicates that ATWYX experiences smaller price fluctuations and is considered to be less risky than CAEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATWYX	CAEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	5.76%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	12.91%	-2.82%
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	16.43%	-3.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	19.18%	-3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	19.69%	-2.93%

ATWYX vs. CAEIX - Expense Ratio Comparison

ATWYX has a 0.38% expense ratio, which is lower than CAEIX's 0.99% expense ratio.

Dividends

ATWYX vs. CAEIX - Dividend Comparison

ATWYX's dividend yield for the trailing twelve months is around 3.93%, more than CAEIX's 0.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATWYX AB Tax-Managed Wealth Appreciation Strategy	3.93%	4.41%	2.49%	1.84%	5.88%	5.81%	1.23%	4.93%	5.57%	12.93%	3.16%	7.84%
CAEIX Calvert Global Energy Solutions Fund	0.59%	0.72%	1.17%	1.07%	0.86%	0.49%	0.82%	1.23%	2.00%	1.40%	1.79%	0.72%

Frequently Asked Questions

Can I hold both ATWYX and CAEIX in my portfolio?

ATWYX and CAEIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATWYX or CAEIX?

CAEIX has higher volatility (5.76%) compared to ATWYX (3.60%). In terms of maximum drawdown, ATWYX dropped -59.14% vs CAEIX's -75.81%.

Which has better risk-adjusted returns?

CAEIX currently has the higher Sharpe Ratio (3.08 vs 2.38), 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.