AWF vs. SVOL
AWF (AllianceBernstein Global High Income Closed Fund) and SVOL (Simplify Volatility Premium ETF) are both funds - AWF is a High Yield Bonds fund actively managed by AllianceBernstein, while SVOL is a Volatility fund actively managed by Simplify. Both are actively managed. Over the past 5 years, AWF returned 3.67%/yr vs 6.94%/yr for SVOL. Their 0.40 correlation means their historical movements had little consistent relationship. AWF charges 1.00%/yr vs 0.50%/yr for SVOL.
Performance
AWF vs. SVOL - 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 SVOL's 1.82% 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%
SVOL
- 1D
- 1.15%
- 1M
- 0.58%
- 6M
- 0.98%
- YTD
- 1.82%
- 1Y
- 18.14%
- 3Y*
- 5.94%
- 5Y*
- 6.94%
- 10Y*
- —
- ALL TIME*
- 7.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.00M | $3.41M | $3.90M | |
| $4.50M | $3.83M | $4.52M |
AWF vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AWF AllianceBernstein Global High Income Closed Fund | -1.80% | 7.54% | 14.30% | 18.37% | -16.62% | 6.78% |
SVOL Simplify Volatility Premium ETF | 1.82% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between AWF and SVOL is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | 0.40 |
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Return for Risk
AWF vs. SVOL — Risk / Return Rank
AWF
SVOL
AWF vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianceBernstein Global High Income Closed Fund (AWF) and Simplify Volatility Premium ETF (SVOL). 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 | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.18 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 1.37 | -1.60 |
| Martin ratioReturn relative to average drawdown | -0.48 | 4.00 | -4.48 |
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Drawdowns
AWF vs. SVOL - Drawdown Comparison
The maximum AWF drawdown since its inception was -55.54%, which is greater than SVOL's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for AWF and SVOL.
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Drawdown Indicators
| AWF | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -33.50% | -22.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -11.42% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -11.12% | -33.50% | +22.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -33.50% | +8.25% |
Max Drawdown (10Y)Largest decline over 10 years | -40.12% | — | — |
Current DrawdownCurrent decline from peak | -5.90% | -1.33% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -12.27% | -4.68% | -7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 3.92% | +0.88% |
Volatility
AWF vs. SVOL - Volatility Comparison
The current volatility for AllianceBernstein Global High Income Closed Fund (AWF) is 1.73%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 4.16%. This indicates that AWF experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWF | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 4.16% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.45% | 9.66% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 17.23% | -8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.09% | 21.96% | -9.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.17% | 21.74% | -6.57% |
AWF vs. SVOL - Expense Ratio Comparison
AWF has a 1.00% expense ratio, which is higher than SVOL's 0.50% expense ratio.
Dividends
AWF vs. SVOL - Dividend Comparison
AWF's dividend yield for the trailing twelve months is around 7.79%, less than SVOL's 22.14% 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% |
SVOL Simplify Volatility Premium ETF | 22.14% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AWF and SVOL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVOL has higher volatility (4.16%) compared to AWF (1.73%). In terms of maximum drawdown, AWF dropped -55.54% vs SVOL's -33.50%.
SVOL currently has the higher Sharpe Ratio (0.91 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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