ATWYX vs. PGVFX
ATWYX (AB Tax-Managed Wealth Appreciation Strategy) and PGVFX (Polaris Global Value Fund) are both Global Equities funds. Over the past 10 years, ATWYX returned 12.52%/yr vs 11.80%/yr for PGVFX. Their correlation of 0.81 suggests significant overlap in exposure. ATWYX charges 0.38%/yr vs 0.99%/yr for PGVFX.
Performance
ATWYX vs. PGVFX - Performance Comparison
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Returns By Period
In the year-to-date period, ATWYX achieves a 12.13% return, which is significantly lower than PGVFX's 21.22% return. Over the past 10 years, ATWYX has outperformed PGVFX with an annualized return of 12.52%, while PGVFX has yielded a comparatively lower 11.80% annualized return.
ATWYX
- 1D
- -0.14%
- 1M
- 1.73%
- YTD
- 12.13%
- 6M
- 11.56%
- 1Y
- 27.85%
- 3Y*
- 20.78%
- 5Y*
- 11.28%
- 10Y*
- 12.52%
PGVFX
- 1D
- 0.67%
- 1M
- 2.47%
- YTD
- 21.22%
- 6M
- 21.44%
- 1Y
- 40.62%
- 3Y*
- 22.15%
- 5Y*
- 10.54%
- 10Y*
- 11.80%
ATWYX vs. PGVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATWYX AB Tax-Managed Wealth Appreciation Strategy | 12.13% | 21.44% | 18.72% | 20.55% | -18.58% | 20.45% | 12.70% | 25.56% | -9.76% | 23.04% |
PGVFX Polaris Global Value Fund | 21.22% | 27.01% | 5.33% | 14.76% | -12.00% | 15.38% | 6.65% | 22.83% | -12.64% | 20.60% |
Correlation
The correlation between ATWYX and PGVFX is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2003 | 0.81 |
Over the past year, the correlation between ATWYX and PGVFX has dropped to 0.56 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
ATWYX vs. PGVFX — Risk / Return Rank
ATWYX
PGVFX
ATWYX vs. PGVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Tax-Managed Wealth Appreciation Strategy (ATWYX) and Polaris Global Value Fund (PGVFX). 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.
| ATWYX | PGVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.63 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 4.68 | -1.71 |
| Martin ratioReturn relative to average drawdown | 13.05 | 16.84 | -3.80 |
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Drawdowns
ATWYX vs. PGVFX - Drawdown Comparison
The maximum ATWYX drawdown since its inception was -59.14%, smaller than the maximum PGVFX drawdown of -68.09%. Use the drawdown chart below to compare losses from any high point for ATWYX and PGVFX.
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Drawdown Indicators
| ATWYX | PGVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.14% | -68.09% | +8.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.75% | -8.76% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -12.53% | -5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.21% | -27.58% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -34.33% | -41.26% | +6.93% |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -11.28% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.43% | -0.21% |
Volatility
ATWYX vs. PGVFX - Volatility Comparison
AB Tax-Managed Wealth Appreciation Strategy (ATWYX) has a higher volatility of 4.70% compared to Polaris Global Value Fund (PGVFX) at 4.22%. This indicates that ATWYX's price experiences larger fluctuations and is considered to be riskier than PGVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATWYX | PGVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.22% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 10.16% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 12.27% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 13.86% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.79% | 15.86% | +0.93% |
ATWYX vs. PGVFX - Expense Ratio Comparison
ATWYX has a 0.38% expense ratio, which is lower than PGVFX's 0.99% expense ratio.
Dividends
ATWYX vs. PGVFX - Dividend Comparison
ATWYX's dividend yield for the trailing twelve months is around 3.93%, less than PGVFX's 4.27% 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% |
PGVFX Polaris Global Value Fund | 4.27% | 5.17% | 5.65% | 1.68% | 3.55% | 4.05% | 1.55% | 3.69% | 3.39% | 1.50% | 1.32% | 1.26% |
Frequently Asked Questions
ATWYX and PGVFX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATWYX has higher volatility (4.70%) compared to PGVFX (4.22%). In terms of maximum drawdown, ATWYX dropped -59.14% vs PGVFX's -68.09%.
PGVFX currently has the higher Sharpe Ratio (3.35 vs 2.18), 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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