AWAYX vs. AGOCX

Last updated Jun 26, 2026

AWAYX (AB Wealth Appreciation Strategy) and AGOCX (PGIM Jennison Global Equity Income Fund) are both Global Equities funds. Over the past 10 years, AWAYX returned 12.39%/yr vs 10.56%/yr for AGOCX. Their correlation of 0.91 suggests significant overlap in exposure. AWAYX charges 0.40%/yr vs 1.94%/yr for AGOCX.

Performance

AWAYX vs. AGOCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Wealth Appreciation Strategy (AWAYX) and PGIM Jennison Global Equity Income Fund (AGOCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AWAYX achieves a 10.03% return, which is significantly lower than AGOCX's 18.91% return. Over the past 10 years, AWAYX has outperformed AGOCX with an annualized return of 12.39%, while AGOCX has yielded a comparatively lower 10.56% annualized return.

AWAYX

• 1D: 0.00%
• 1M: -1.22%
• YTD: 10.03%
• 6M: 9.24%
• 1Y: 23.84%
• 3Y*: 20.22%
• 5Y*: 10.74%
• 10Y*: 12.39%

AGOCX

• 1D: 0.41%
• 1M: 1.15%
• YTD: 18.91%
• 6M: 18.16%
• 1Y: 33.23%
• 3Y*: 21.58%
• 5Y*: 11.98%
• 10Y*: 10.56%

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

AWAYX vs. AGOCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AWAYX AB Wealth Appreciation Strategy	10.03%	21.59%	19.08%	21.06%	-18.42%	20.57%	13.04%	25.57%	-9.68%	22.02%
AGOCX PGIM Jennison Global Equity Income Fund	18.91%	23.91%	13.75%	9.41%	-11.69%	20.27%	5.72%	21.02%	-7.69%	14.68%

Correlation

The correlation between AWAYX and AGOCX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 3, 2003	0.91

The correlation between AWAYX and AGOCX shifts across timeframes, from 0.73 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AWAYX vs. AGOCX — Risk / Return Rank

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

AWAYX

AWAYX Risk / Return Rank: 54
AWAYX Sharpe Ratio Rank: 51
AWAYX Sortino Ratio Rank: 49
AWAYX Omega Ratio Rank: 52
AWAYX Calmar Ratio Rank: 57
AWAYX Martin Ratio Rank: 63

AGOCX

AGOCX Risk / Return Rank: 89
AGOCX Sharpe Ratio Rank: 91
AGOCX Sortino Ratio Rank: 87
AGOCX Omega Ratio Rank: 84
AGOCX Calmar Ratio Rank: 90
AGOCX Martin Ratio Rank: 92

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.

AWAYX vs. AGOCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Wealth Appreciation Strategy (AWAYX) and PGIM Jennison Global Equity Income Fund (AGOCX). 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.

	AWAYX	AGOCX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.61	-0.88
Sortino ratio: Return per unit of downside risk	2.43	3.63	-1.20
Omega ratio: Gain probability vs. loss probability	1.32	1.48	-0.16
Calmar ratio: Return relative to maximum drawdown	2.48	3.97	-1.49
Martin ratio: Return relative to average drawdown	10.36	15.95	-5.59

AWAYX vs. AGOCX - Sharpe Ratio Comparison

The current AWAYX Sharpe Ratio is 1.73, which is lower than the AGOCX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of AWAYX and AGOCX, 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

AWAYX vs. AGOCX - Drawdown Comparison

The maximum AWAYX drawdown since its inception was -60.32%, which is greater than AGOCX's maximum drawdown of -51.84%. Use the drawdown chart below to compare losses from any high point for AWAYX and AGOCX.

Drawdown Indicators

	AWAYX	AGOCX	Difference
Max Drawdown Largest peak-to-trough decline	-60.32%	-51.84%	-8.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-8.25%	-1.42%
Max Drawdown (3Y) Largest decline over 3 years	-17.59%	-11.60%	-5.99%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-24.53%	-1.87%
Max Drawdown (10Y) Largest decline over 10 years	-34.32%	-34.69%	+0.37%
Current Drawdown Current decline from peak	-2.12%	-1.06%	-1.06%
Average Drawdown Average peak-to-trough decline	-9.72%	-7.85%	-1.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.05%	+0.26%

Volatility

AWAYX vs. AGOCX - Volatility Comparison

AB Wealth Appreciation Strategy (AWAYX) and PGIM Jennison Global Equity Income Fund (AGOCX) have volatilities of 5.09% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AWAYX	AGOCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	5.09%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	10.91%	10.83%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	12.57%	+1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	14.13%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	15.91%	+0.89%

AWAYX vs. AGOCX - Expense Ratio Comparison

AWAYX has a 0.40% expense ratio, which is lower than AGOCX's 1.94% expense ratio.

Dividends

AWAYX vs. AGOCX - Dividend Comparison

AWAYX's dividend yield for the trailing twelve months is around 6.69%, less than AGOCX's 8.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGOCX PGIM Jennison Global Equity Income Fund	8.01%	9.59%	10.04%	9.74%	9.10%	5.29%	9.25%	12.44%	23.46%	5.31%	1.56%	12.12%
AWAYX AB Wealth Appreciation Strategy	6.69%	7.36%	5.97%	2.54%	7.90%	9.02%	3.05%	4.11%	3.94%	7.73%	6.17%	1.87%

Frequently Asked Questions

Can I hold both AWAYX and AGOCX in my portfolio?

AWAYX and AGOCX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AWAYX or AGOCX?

AGOCX has higher volatility (5.09%) compared to AWAYX (5.09%). In terms of maximum drawdown, AWAYX dropped -60.32% vs AGOCX's -51.84%.

Which has better risk-adjusted returns?

AGOCX currently has the higher Sharpe Ratio (2.61 vs 1.73), 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.