CABDX vs. AWF
Compare and contrast key facts about AB Relative Value Fund (CABDX) and AllianceBernstein Global High Income Closed Fund (AWF).
CABDX is managed by AllianceBernstein. It was launched on Jul 1, 1932. AWF is an actively managed fund by AllianceBernstein. It was launched on Jul 28, 1993.
Performance
CABDX vs. AWF - Performance Comparison
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CABDX vs. AWF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CABDX AB Relative Value Fund | 0.62% | 10.26% | 12.63% | 11.24% | -4.23% | 27.48% | 2.81% | 23.06% | -6.00% | 18.84% |
AWF AllianceBernstein Global High Income Closed Fund | -3.52% | 7.54% | 14.30% | 18.37% | -16.62% | 9.95% | 4.40% | 23.40% | -11.35% | 7.77% |
Returns By Period
In the year-to-date period, CABDX achieves a 0.62% return, which is significantly higher than AWF's -3.52% return. Over the past 10 years, CABDX has outperformed AWF with an annualized return of 10.24%, while AWF has yielded a comparatively lower 6.15% annualized return.
CABDX
- 1D
- 0.00%
- 1M
- -5.67%
- YTD
- 0.62%
- 6M
- 3.12%
- 1Y
- 9.01%
- 3Y*
- 11.54%
- 5Y*
- 8.62%
- 10Y*
- 10.24%
AWF
- 1D
- 2.94%
- 1M
- -1.78%
- YTD
- -3.52%
- 6M
- -5.90%
- 1Y
- 1.90%
- 3Y*
- 9.54%
- 5Y*
- 4.56%
- 10Y*
- 6.15%
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CABDX vs. AWF - Expense Ratio Comparison
CABDX has a 0.90% expense ratio, which is lower than AWF's 1.00% expense ratio.
Return for Risk
CABDX vs. AWF — Risk / Return Rank
CABDX
AWF
CABDX vs. AWF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Relative Value Fund (CABDX) and AllianceBernstein Global High Income Closed Fund (AWF). 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.
| CABDX | AWF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.17 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.02 | 0.29 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.05 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.20 | +0.53 |
Martin ratioReturn relative to average drawdown | 3.25 | 0.52 | +2.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CABDX | AWF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.17 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.38 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.41 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.31 | +0.31 |
Correlation
The correlation between CABDX and AWF is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CABDX vs. AWF - Dividend Comparison
CABDX's dividend yield for the trailing twelve months is around 6.01%, less than AWF's 7.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CABDX AB Relative Value Fund | 6.01% | 6.05% | 11.24% | 6.55% | 8.00% | 10.15% | 1.18% | 4.45% | 15.34% | 12.71% | 6.97% | 4.34% |
AWF AllianceBernstein Global High Income Closed Fund | 7.73% | 7.81% | 7.47% | 7.33% | 10.30% | 6.48% | 6.68% | 6.62% | 7.97% | 6.03% | 7.73% | 10.28% |
Drawdowns
CABDX vs. AWF - Drawdown Comparison
The maximum CABDX drawdown since its inception was -57.40%, roughly equal to the maximum AWF drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for CABDX and AWF.
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Drawdown Indicators
| CABDX | AWF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.40% | -55.54% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -10.19% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -17.53% | -25.25% | +7.72% |
Max Drawdown (10Y)Largest decline over 10 years | -36.33% | -40.12% | +3.79% |
Current DrawdownCurrent decline from peak | -6.21% | -7.55% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -8.47% | -12.35% | +3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 3.85% | -1.24% |
Volatility
CABDX vs. AWF - Volatility Comparison
The current volatility for AB Relative Value Fund (CABDX) is 3.28%, while AllianceBernstein Global High Income Closed Fund (AWF) has a volatility of 4.56%. This indicates that CABDX experiences smaller price fluctuations and is considered to be less risky than AWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CABDX | AWF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 4.56% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 5.85% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.06% | 11.30% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 11.98% | +2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 15.16% | +1.35% |