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 0.90, 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:
0.51
CABDX:
-0.38
SPY:
0.86
CABDX:
0.94
SPY:
1.13
CABDX:
-0.30
SPY:
0.55
CABDX:
-0.81
SPY:
2.26
CABDX:
8.58%
SPY:
4.55%
CABDX:
18.28%
SPY:
20.08%
CABDX:
-61.04%
SPY:
-55.19%
CABDX:
-17.58%
SPY:
-9.89%
Returns By Period
In the year-to-date period, CABDX achieves a -3.06% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, CABDX has underperformed SPY with an annualized return of 1.78%, while SPY has yielded a comparatively higher 11.99% annualized return.
CABDX
-3.06%
-5.50%
-13.71%
-6.53%
7.05%
1.78%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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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 1.10%, less than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CABDX AB Relative Value Fund | 1.10% | 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 | 1.30% | 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 11.24%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. 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.