AWAYX vs. GLIFX

Last updated Jun 26, 2026

AWAYX (AB Wealth Appreciation Strategy) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both Global Equities funds. Over the past 10 years, AWAYX returned 12.39%/yr vs 10.83%/yr for GLIFX. A 0.63 correlation means they provide meaningful diversification when combined. AWAYX charges 0.40%/yr vs 0.97%/yr for GLIFX.

Performance

AWAYX vs. GLIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Wealth Appreciation Strategy (AWAYX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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 higher than GLIFX's 9.48% return. Over the past 10 years, AWAYX has outperformed GLIFX with an annualized return of 12.39%, while GLIFX has yielded a comparatively lower 10.83% 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%

GLIFX

• 1D: 0.57%
• 1M: -0.76%
• YTD: 9.48%
• 6M: 9.78%
• 1Y: 18.04%
• 3Y*: 15.11%
• 5Y*: 11.56%
• 10Y*: 10.83%

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

AWAYX vs. GLIFX - 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%
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares	9.48%	23.85%	6.71%	10.89%	-1.33%	19.91%	-4.51%	22.27%	-3.82%	20.77%

Correlation

The correlation between AWAYX and GLIFX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010	0.63

Over the past year, the correlation between AWAYX and GLIFX has dropped to 0.21 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

Return for Risk

AWAYX vs. GLIFX — 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

GLIFX

GLIFX Risk / Return Rank: 38
GLIFX Sharpe Ratio Rank: 44
GLIFX Sortino Ratio Rank: 38
GLIFX Omega Ratio Rank: 44
GLIFX Calmar Ratio Rank: 35
GLIFX Martin Ratio Rank: 31

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. GLIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Wealth Appreciation Strategy (AWAYX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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	GLIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.63	+0.10
Sortino ratio: Return per unit of downside risk	2.43	2.19	+0.24
Omega ratio: Gain probability vs. loss probability	1.32	1.30	+0.02
Calmar ratio: Return relative to maximum drawdown	2.48	1.95	+0.53
Martin ratio: Return relative to average drawdown	10.36	6.07	+4.29

AWAYX vs. GLIFX - Sharpe Ratio Comparison

The current AWAYX Sharpe Ratio is 1.73, which is comparable to the GLIFX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of AWAYX and GLIFX, 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. GLIFX - Drawdown Comparison

The maximum AWAYX drawdown since its inception was -60.32%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for AWAYX and GLIFX.

Drawdown Indicators

	AWAYX	GLIFX	Difference
Max Drawdown Largest peak-to-trough decline	-60.32%	-29.65%	-30.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-9.00%	-0.67%
Max Drawdown (3Y) Largest decline over 3 years	-17.59%	-10.02%	-7.57%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-17.15%	-9.25%
Max Drawdown (10Y) Largest decline over 10 years	-34.32%	-29.65%	-4.67%
Current Drawdown Current decline from peak	-2.12%	-3.90%	+1.78%
Average Drawdown Average peak-to-trough decline	-9.72%	-3.36%	-6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.88%	-0.57%

Volatility

AWAYX vs. GLIFX - Volatility Comparison

AB Wealth Appreciation Strategy (AWAYX) has a higher volatility of 5.09% compared to Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) at 2.60%. This indicates that AWAYX's price experiences larger fluctuations and is considered to be riskier than GLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AWAYX	GLIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	2.60%	+2.49%
Volatility (6M) Calculated over the trailing 6-month period	10.91%	9.38%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	10.77%	+3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	11.00%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	13.22%	+3.58%

AWAYX vs. GLIFX - Expense Ratio Comparison

AWAYX has a 0.40% expense ratio, which is lower than GLIFX's 0.97% expense ratio.

Dividends

AWAYX vs. GLIFX - Dividend Comparison

AWAYX's dividend yield for the trailing twelve months is around 6.69%, less than GLIFX's 7.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares	7.17%	6.22%	4.26%	2.95%	14.81%	6.21%	2.59%	4.44%	14.29%	6.94%	1.91%	11.33%

Frequently Asked Questions

Can I hold both AWAYX and GLIFX in my portfolio?

AWAYX and GLIFX have a correlation of 0.21, 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 GLIFX?

AWAYX has higher volatility (5.09%) compared to GLIFX (2.60%). In terms of maximum drawdown, AWAYX dropped -60.32% vs GLIFX's -29.65%.

Which has better risk-adjusted returns?

AWAYX currently has the higher Sharpe Ratio (1.73 vs 1.63), 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.