CABDX vs. SPY
Compare and contrast key facts about AB Relative Value Fund (CABDX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CABDX or SPY.
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.
Performance
CABDX vs. SPY - Performance Comparison
Key characteristics
CABDX:
0.38
SPY:
1.87
CABDX:
0.53
SPY:
2.52
CABDX:
1.09
SPY:
1.35
CABDX:
0.35
SPY:
2.81
CABDX:
0.98
SPY:
11.69
CABDX:
5.52%
SPY:
2.02%
CABDX:
14.33%
SPY:
12.65%
CABDX:
-61.04%
SPY:
-55.19%
CABDX:
-9.22%
SPY:
0.00%
Returns By Period
In the year-to-date period, CABDX achieves a 6.77% return, which is significantly higher than SPY's 4.58% return. Over the past 10 years, CABDX has underperformed SPY with an annualized return of 2.76%, while SPY has yielded a comparatively higher 13.23% annualized return.
CABDX
6.77%
3.28%
-3.16%
6.06%
4.67%
2.76%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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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.
Risk-Adjusted Performance
CABDX vs. SPY — Risk-Adjusted Performance Rank
CABDX
SPY
CABDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Relative Value Fund (CABDX) and 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.
Dividends
CABDX vs. SPY - Dividend Comparison
CABDX's dividend yield for the trailing twelve months is around 1.00%, less than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CABDX AB Relative Value Fund | 1.00% | 1.06% | 1.36% | 1.28% | 0.68% | 1.19% | 1.23% | 1.40% | 0.86% | 1.82% | 1.03% | 6.49% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CABDX vs. SPY - Drawdown Comparison
The maximum CABDX drawdown since its inception was -61.04%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CABDX and SPY. For additional features, visit the drawdowns tool.
Volatility
CABDX vs. SPY - Volatility Comparison
The current volatility for AB Relative Value Fund (CABDX) is 2.80%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.00%. 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.