AWF vs. ICMUX
AWF (AllianceBernstein Global High Income Closed Fund) and ICMUX (Intrepid Income Fund) are both mutual funds - AWF is a High Yield Bonds fund actively managed by AllianceBernstein, while ICMUX is a Multisector Bonds fund actively managed by Intrepid. Both are actively managed. Over the past 10 years, AWF returned 5.43%/yr vs 5.73%/yr for ICMUX. Their 0.30 correlation means their historical movements had little consistent relationship. AWF charges 1.00%/yr vs 1.01%/yr for ICMUX.
Performance
AWF vs. ICMUX - Performance Comparison
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Returns By Period
In the year-to-date period, AWF achieves a -1.80% return, which is significantly lower than ICMUX's 2.85% return. Over the past 10 years, AWF has underperformed ICMUX with an annualized return of 5.43%, while ICMUX has yielded a comparatively higher 5.73% annualized return.
AWF
- 1D
- -0.20%
- 1M
- -1.08%
- 6M
- -1.77%
- YTD
- -1.80%
- 1Y
- -2.40%
- 3Y*
- 8.40%
- 5Y*
- 3.67%
- 10Y*
- 5.43%
- ALL TIME*
- 6.25%
ICMUX
- 1D
- 0.11%
- 1M
- 0.34%
- 6M
- 2.35%
- YTD
- 2.85%
- 1Y
- 6.60%
- 3Y*
- 8.93%
- 5Y*
- 6.14%
- 10Y*
- 5.73%
- ALL TIME*
- 4.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.00M | $3.41M | $3.90M | |
ICMUX Intrepid Income Fund | $0.00 | $0.00 | $0.00 |
AWF vs. ICMUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWF AllianceBernstein Global High Income Closed Fund | -1.80% | 7.54% | 14.30% | 18.37% | -16.62% | 9.95% | 4.40% | 23.40% | -11.35% | 7.77% |
ICMUX Intrepid Income Fund | 2.85% | 8.16% | 10.43% | 10.90% | -3.17% | 10.02% | 8.77% | 4.65% | 0.53% | 3.79% |
Correlation
The correlation between AWF and ICMUX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2010 | 0.30 |
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Return for Risk
AWF vs. ICMUX — Risk / Return Rank
AWF
ICMUX
AWF vs. ICMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianceBernstein Global High Income Closed Fund (AWF) and Intrepid Income Fund (ICMUX). 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.
| AWF | ICMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.61 | ||
| Sortino ratioReturn per unit of downside risk | -5.78 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.79 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 4.83 | -5.06 |
| Martin ratioReturn relative to average drawdown | -0.48 | 16.75 | -17.23 |
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Drawdowns
AWF vs. ICMUX - Drawdown Comparison
The maximum AWF drawdown since its inception was -55.54%, which is greater than ICMUX's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for AWF and ICMUX.
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Drawdown Indicators
| AWF | ICMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -8.77% | -46.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -1.34% | -8.85% |
Max Drawdown (3Y)Largest decline over 3 years | -11.12% | -3.11% | -8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -5.64% | -19.61% |
Max Drawdown (10Y)Largest decline over 10 years | -40.12% | -8.77% | -31.35% |
Current DrawdownCurrent decline from peak | -5.90% | -0.11% | -5.79% |
Average DrawdownAverage peak-to-trough decline | -12.27% | -0.73% | -11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 0.39% | +4.41% |
Volatility
AWF vs. ICMUX - Volatility Comparison
AllianceBernstein Global High Income Closed Fund (AWF) has a higher volatility of 1.73% compared to Intrepid Income Fund (ICMUX) at 0.48%. This indicates that AWF's price experiences larger fluctuations and is considered to be riskier than ICMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWF | ICMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 0.48% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.45% | 1.45% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 1.94% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.09% | 2.65% | +9.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 2.57% | +12.60% |
AWF vs. ICMUX - Expense Ratio Comparison
AWF has a 1.00% expense ratio, which is lower than ICMUX's 1.01% expense ratio.
Dividends
AWF vs. ICMUX - Dividend Comparison
AWF's dividend yield for the trailing twelve months is around 7.79%, more than ICMUX's 6.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWF AllianceBernstein Global High Income Closed Fund | 7.79% | 7.81% | 7.47% | 7.33% | 10.30% | 6.48% | 6.68% | 6.62% | 7.97% | 6.03% | 7.73% | 10.28% |
ICMUX Intrepid Income Fund | 6.89% | 7.96% | 7.85% | 9.10% | 8.17% | 5.99% | 5.56% | 3.35% | 3.07% | 2.86% | 3.01% | 3.53% |
Frequently Asked Questions
AWF and ICMUX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWF has higher volatility (1.73%) compared to ICMUX (0.48%). In terms of maximum drawdown, AWF dropped -55.54% vs ICMUX's -8.77%.
ICMUX currently has the higher Sharpe Ratio (3.34 vs -0.27), 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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