BGEIX vs. ABIYX

Last updated Jun 13, 2026

BGEIX (American Century Global Gold Fund) and ABIYX (AB International Value Fund) are both mutual funds - BGEIX is a Precious Metals fund managed by American Century, while ABIYX is a Foreign Large Cap Equities fund managed by AllianceBernstein. Over the past 10 years, BGEIX returned 12.13%/yr vs 8.44%/yr for ABIYX. At a 0.35 correlation, their price movements are largely independent. BGEIX charges 0.65%/yr vs 1.00%/yr for ABIYX.

Performance

BGEIX vs. ABIYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Global Gold Fund (BGEIX) and AB International Value Fund (ABIYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGEIX achieves a -9.64% return, which is significantly lower than ABIYX's 8.86% return. Over the past 10 years, BGEIX has outperformed ABIYX with an annualized return of 12.13%, while ABIYX has yielded a comparatively lower 8.44% annualized return.

BGEIX

• 1D: 5.64%
• 1M: -17.86%
• YTD: -9.64%
• 6M: -7.72%
• 1Y: 42.26%
• 3Y*: 38.91%
• 5Y*: 16.48%
• 10Y*: 12.13%

ABIYX

• 1D: 2.67%
• 1M: 1.44%
• YTD: 8.86%
• 6M: 10.92%
• 1Y: 25.65%
• 3Y*: 18.62%
• 5Y*: 10.14%
• 10Y*: 8.44%

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

BGEIX vs. ABIYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGEIX American Century Global Gold Fund	-9.64%	158.45%	15.10%	7.52%	-12.54%	-8.85%	18.92%	37.82%	-7.43%	10.62%
ABIYX AB International Value Fund	8.86%	42.41%	4.89%	15.24%	-10.62%	11.07%	2.22%	16.83%	-23.04%	25.19%

Correlation

The correlation between BGEIX and ABIYX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Mar 29, 2001	0.35

The correlation between BGEIX and ABIYX shifts across timeframes, from 0.35 (all time) to 0.50 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

BGEIX vs. ABIYX — Risk / Return Rank

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

BGEIX

BGEIX Risk / Return Rank: 23
BGEIX Sharpe Ratio Rank: 25
BGEIX Sortino Ratio Rank: 22
BGEIX Omega Ratio Rank: 27
BGEIX Calmar Ratio Rank: 22
BGEIX Martin Ratio Rank: 19

ABIYX

ABIYX Risk / Return Rank: 45
ABIYX Sharpe Ratio Rank: 49
ABIYX Sortino Ratio Rank: 50
ABIYX Omega Ratio Rank: 47
ABIYX Calmar Ratio Rank: 41
ABIYX Martin Ratio Rank: 38

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.

BGEIX vs. ABIYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Global Gold Fund (BGEIX) and AB International Value Fund (ABIYX). 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.

	BGEIX	ABIYX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.68	-0.55
Sortino ratio: Return per unit of downside risk	1.55	2.42	-0.87
Omega ratio: Gain probability vs. loss probability	1.22	1.30	-0.09
Calmar ratio: Return relative to maximum drawdown	1.37	2.08	-0.71
Martin ratio: Return relative to average drawdown	3.91	7.17	-3.26

BGEIX vs. ABIYX - Sharpe Ratio Comparison

The current BGEIX Sharpe Ratio is 1.13, which is lower than the ABIYX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of BGEIX and ABIYX, 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

BGEIX vs. ABIYX - Drawdown Comparison

The maximum BGEIX drawdown since its inception was -78.69%, which is greater than ABIYX's maximum drawdown of -69.72%. Use the drawdown chart below to compare losses from any high point for BGEIX and ABIYX.

Drawdown Indicators

	BGEIX	ABIYX	Difference
Max Drawdown Largest peak-to-trough decline	-78.69%	-69.72%	-8.97%
Max Drawdown (1Y) Largest decline over 1 year	-36.12%	-12.20%	-23.92%
Max Drawdown (3Y) Largest decline over 3 years	-36.12%	-13.97%	-22.15%
Max Drawdown (5Y) Largest decline over 5 years	-46.62%	-31.27%	-15.35%
Max Drawdown (10Y) Largest decline over 10 years	-51.92%	-49.77%	-2.15%
Current Drawdown Current decline from peak	-32.52%	-2.36%	-30.16%
Average Drawdown Average peak-to-trough decline	-35.15%	-23.77%	-11.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.64%	3.53%	+9.11%

Volatility

BGEIX vs. ABIYX - Volatility Comparison

American Century Global Gold Fund (BGEIX) has a higher volatility of 15.75% compared to AB International Value Fund (ABIYX) at 4.24%. This indicates that BGEIX's price experiences larger fluctuations and is considered to be riskier than ABIYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGEIX	ABIYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.75%	4.24%	+11.51%
Volatility (6M) Calculated over the trailing 6-month period	36.73%	12.28%	+24.45%
Volatility (1Y) Calculated over the trailing 1-year period	43.93%	15.09%	+28.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.96%	16.58%	+17.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.42%	17.66%	+15.76%

BGEIX vs. ABIYX - Expense Ratio Comparison

BGEIX has a 0.65% expense ratio, which is lower than ABIYX's 1.00% expense ratio.

Dividends

BGEIX vs. ABIYX - Dividend Comparison

BGEIX's dividend yield for the trailing twelve months is around 1.25%, less than ABIYX's 2.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABIYX AB International Value Fund	2.65%	2.88%	10.15%	1.38%	1.39%	2.78%	0.92%	1.31%	0.52%	2.02%	0.34%	1.69%
BGEIX American Century Global Gold Fund	1.25%	0.85%	1.36%	1.56%	1.38%	2.13%	0.56%	0.87%	0.00%	0.00%	10.56%	0.00%

Frequently Asked Questions

Can I hold both BGEIX and ABIYX in my portfolio?

BGEIX and ABIYX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGEIX or ABIYX?

BGEIX has higher volatility (15.75%) compared to ABIYX (4.24%). In terms of maximum drawdown, BGEIX dropped -78.69% vs ABIYX's -69.72%.

Which has better risk-adjusted returns?

ABIYX currently has the higher Sharpe Ratio (1.68 vs 1.13), 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.