CABDX vs. SPY
Compare and contrast key facts about AB Relative Value Fund (CABDX) and State Street SPDR S&P 500 ETF (SPY).
CABDX is managed by AllianceBernstein. It was launched on Jul 1, 1932. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
CABDX vs. SPY - Performance Comparison
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CABDX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, CABDX achieves a 0.62% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, CABDX has underperformed SPY with an annualized return of 10.24%, while SPY has yielded a comparatively higher 13.98% 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%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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CABDX vs. SPY - Expense Ratio Comparison
CABDX has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
CABDX vs. SPY — Risk / Return Rank
CABDX
SPY
CABDX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Relative Value Fund (CABDX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.93 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.45 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.53 | -0.80 |
Martin ratioReturn relative to average drawdown | 3.25 | 7.30 | -4.04 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.93 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.69 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.78 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.56 | +0.05 |
Correlation
The correlation between CABDX and SPY is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CABDX vs. SPY - Dividend Comparison
CABDX's dividend yield for the trailing twelve months is around 6.01%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
CABDX vs. SPY - Drawdown Comparison
The maximum CABDX drawdown since its inception was -57.40%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CABDX and SPY.
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Drawdown Indicators
| CABDX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.40% | -55.19% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -12.05% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -17.53% | -24.50% | +6.97% |
Max Drawdown (10Y)Largest decline over 10 years | -36.33% | -33.72% | -2.61% |
Current DrawdownCurrent decline from peak | -6.21% | -6.24% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -8.47% | -9.09% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.52% | +0.09% |
Volatility
CABDX vs. SPY - Volatility Comparison
The current volatility for AB Relative Value Fund (CABDX) is 3.28%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that CABDX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CABDX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 5.31% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 9.47% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.06% | 19.05% | -3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.46% | 17.06% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 17.92% | -1.41% |