AWAYX vs. GIDGX

Last updated Jun 5, 2026

AWAYX (AB Wealth Appreciation Strategy) and GIDGX (Goldman Sachs Enhanced Dividend Global Equity Portfolio) are both Global Equities funds. Over the past 10 years, AWAYX returned 12.09%/yr vs 10.81%/yr for GIDGX. With a 0.95 correlation, they move nearly in lockstep. AWAYX charges 0.40%/yr vs 0.17%/yr for GIDGX.

Performance

AWAYX vs. GIDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Wealth Appreciation Strategy (AWAYX) and Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AWAYX having a 11.56% return and GIDGX slightly lower at 11.05%. Over the past 10 years, AWAYX has outperformed GIDGX with an annualized return of 12.09%, while GIDGX has yielded a comparatively lower 10.81% annualized return.

AWAYX

• 1D: -0.68%
• 1M: 2.30%
• YTD: 11.56%
• 6M: 12.31%
• 1Y: 28.36%
• 3Y*: 21.11%
• 5Y*: 11.12%
• 10Y*: 12.09%

GIDGX

• 1D: -0.54%
• 1M: 3.01%
• YTD: 11.05%
• 6M: 11.62%
• 1Y: 24.50%
• 3Y*: 18.89%
• 5Y*: 10.91%
• 10Y*: 10.81%

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

AWAYX vs. GIDGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AWAYX AB Wealth Appreciation Strategy	11.56%	21.59%	19.08%	21.06%	-18.42%	20.57%	13.04%	25.57%	-9.68%	22.02%
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio	11.05%	15.74%	20.59%	17.92%	-12.75%	18.46%	8.41%	19.97%	-8.26%	15.18%

Correlation

The correlation between AWAYX and GIDGX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009	0.95

The correlation between AWAYX and GIDGX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

AWAYX vs. GIDGX — Risk / Return Rank

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

AWAYX

AWAYX Risk / Return Rank: 59
AWAYX Sharpe Ratio Rank: 57
AWAYX Sortino Ratio Rank: 54
AWAYX Omega Ratio Rank: 56
AWAYX Calmar Ratio Rank: 63
AWAYX Martin Ratio Rank: 67

GIDGX

GIDGX Risk / Return Rank: 79
GIDGX Sharpe Ratio Rank: 78
GIDGX Sortino Ratio Rank: 75
GIDGX Omega Ratio Rank: 75
GIDGX Calmar Ratio Rank: 79
GIDGX Martin Ratio Rank: 88

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. GIDGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Wealth Appreciation Strategy (AWAYX) and Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX). 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.

	AWAYX	GIDGX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.57	-0.38
Sortino ratio: Return per unit of downside risk	3.06	3.61	-0.56
Omega ratio: Gain probability vs. loss probability	1.41	1.49	-0.08
Calmar ratio: Return relative to maximum drawdown	3.00	3.47	-0.47
Martin ratio: Return relative to average drawdown	12.80	16.67	-3.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AWAYX vs. GIDGX - Sharpe Ratio Comparison

The current AWAYX Sharpe Ratio is 2.19, which is comparable to the GIDGX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of AWAYX and GIDGX, 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

	AWAYX	GIDGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.57	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.85	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.77	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.68	-0.24

Drawdowns

AWAYX vs. GIDGX - Drawdown Comparison

The maximum AWAYX drawdown since its inception was -60.32%, which is greater than GIDGX's maximum drawdown of -31.63%. Use the drawdown chart below to compare losses from any high point for AWAYX and GIDGX.

Drawdown Indicators

	AWAYX	GIDGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.32%	-31.63%	-28.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-7.14%	-2.53%
Max Drawdown (3Y) Largest decline over 3 years	-17.59%	-14.69%	-2.90%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-20.39%	-6.01%
Max Drawdown (10Y) Largest decline over 10 years	-34.32%	-31.63%	-2.69%
Current Drawdown Current decline from peak	-0.68%	-0.54%	-0.14%
Average Drawdown Average peak-to-trough decline	-9.74%	-3.87%	-5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.48%	+0.78%

Volatility

AWAYX vs. GIDGX - Volatility Comparison

AB Wealth Appreciation Strategy (AWAYX) has a higher volatility of 3.68% compared to Goldman Sachs Enhanced Dividend Global Equity Portfolio (GIDGX) at 2.50%. This indicates that AWAYX's price experiences larger fluctuations and is considered to be riskier than GIDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AWAYX	GIDGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	2.50%	+1.18%
Volatility (6M) Calculated over the trailing 6-month period	10.77%	7.66%	+3.11%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	9.67%	+3.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	12.99%	+3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	14.16%	+2.66%

AWAYX vs. GIDGX - Expense Ratio Comparison

AWAYX has a 0.40% expense ratio, which is higher than GIDGX's 0.17% expense ratio.

Dividends

AWAYX vs. GIDGX - Dividend Comparison

AWAYX's dividend yield for the trailing twelve months is around 6.60%, more than GIDGX's 5.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWAYX AB Wealth Appreciation Strategy	6.60%	7.36%	5.97%	2.54%	7.90%	9.02%	3.05%	4.11%	3.94%	7.73%	6.17%	1.87%
GIDGX Goldman Sachs Enhanced Dividend Global Equity Portfolio	5.56%	5.92%	12.06%	4.32%	8.89%	8.41%	1.99%	4.85%	5.67%	3.35%	2.97%	3.21%

Frequently Asked Questions

Can I hold both AWAYX and GIDGX in my portfolio?

With a correlation of 0.96, AWAYX and GIDGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AWAYX or GIDGX?

AWAYX has higher volatility (3.68%) compared to GIDGX (2.50%). In terms of maximum drawdown, AWAYX dropped -60.32% vs GIDGX's -31.63%.

Which has better risk-adjusted returns?

GIDGX currently has the higher Sharpe Ratio (2.57 vs 2.19), 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.