CABNX vs. APGAX
CABNX (AB Global Risk Allocation Fund) and APGAX (AB Large Cap Growth Fund Class A) are both mutual funds - CABNX is a Tactical Allocation fund managed by AllianceBernstein, while APGAX is a Large Cap Growth Equities fund managed by AllianceBernstein. Over the past 10 years, CABNX returned 6.19%/yr vs 15.32%/yr for APGAX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. CABNX charges 1.29%/yr vs 0.84%/yr for APGAX.
Performance
CABNX vs. APGAX - Performance Comparison
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Returns By Period
In the year-to-date period, CABNX achieves a 5.39% return, which is significantly higher than APGAX's 0.70% return. Over the past 10 years, CABNX has underperformed APGAX with an annualized return of 6.19%, while APGAX has yielded a comparatively higher 15.32% annualized return.
CABNX
- 1D
- 0.80%
- 1M
- 0.12%
- 6M
- 2.76%
- YTD
- 5.39%
- 1Y
- 12.07%
- 3Y*
- 9.43%
- 5Y*
- 4.37%
- 10Y*
- 6.19%
- ALL TIME*
- 6.41%
APGAX
- 1D
- 1.69%
- 1M
- -2.13%
- 6M
- 1.48%
- YTD
- 0.70%
- 1Y
- 6.41%
- 3Y*
- 15.18%
- 5Y*
- 7.84%
- 10Y*
- 15.32%
- ALL TIME*
- 11.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CABNX vs. APGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CABNX AB Global Risk Allocation Fund | 5.39% | 13.72% | 7.37% | 6.10% | -9.95% | 11.98% | 10.61% | 16.30% | -9.03% | 11.78% |
APGAX AB Large Cap Growth Fund Class A | 0.70% | 12.96% | 25.09% | 34.66% | -28.96% | 28.60% | 34.05% | 33.77% | 1.97% | 31.36% |
Correlation
The correlation between CABNX and APGAX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | 0.78 |
The correlation between CABNX and APGAX shifts across timeframes, from 0.66 (10 years) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CABNX vs. APGAX — Risk / Return Rank
CABNX
APGAX
CABNX vs. APGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Global Risk Allocation Fund (CABNX) and AB Large Cap Growth Fund Class A (APGAX). 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.
| CABNX | APGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.06 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 0.29 | +1.51 |
| Martin ratioReturn relative to average drawdown | 6.70 | 1.00 | +5.70 |
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Drawdowns
CABNX vs. APGAX - Drawdown Comparison
The maximum CABNX drawdown since its inception was -43.79%, smaller than the maximum APGAX drawdown of -67.19%. Use the drawdown chart below to compare losses from any high point for CABNX and APGAX.
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Drawdown Indicators
| CABNX | APGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -67.19% | +23.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -15.33% | +8.93% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -21.63% | +2.88% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -34.04% | +15.29% |
Max Drawdown (10Y)Largest decline over 10 years | -24.51% | -34.04% | +9.53% |
Current DrawdownCurrent decline from peak | -2.03% | -5.23% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -19.34% | +13.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 4.42% | -2.71% |
Volatility
CABNX vs. APGAX - Volatility Comparison
The current volatility for AB Global Risk Allocation Fund (CABNX) is 2.20%, while AB Large Cap Growth Fund Class A (APGAX) has a volatility of 4.39%. This indicates that CABNX experiences smaller price fluctuations and is considered to be less risky than APGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CABNX | APGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 4.39% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 12.32% | -5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.48% | 15.50% | -7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.00% | 20.34% | -7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.26% | 19.73% | -8.47% |
CABNX vs. APGAX - Expense Ratio Comparison
CABNX has a 1.29% expense ratio, which is higher than APGAX's 0.84% expense ratio.
Dividends
CABNX vs. APGAX - Dividend Comparison
CABNX's dividend yield for the trailing twelve months is around 8.85%, less than APGAX's 11.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APGAX AB Large Cap Growth Fund Class A | 11.23% | 11.31% | 7.44% | 1.75% | 0.97% | 8.04% | 2.87% | 3.66% | 9.96% | 4.09% | 2.74% | 9.23% |
CABNX AB Global Risk Allocation Fund | 8.85% | 9.32% | 16.76% | 1.39% | 8.47% | 9.67% | 3.02% | 1.32% | 0.60% | 3.16% | 5.53% | 0.06% |
Frequently Asked Questions
CABNX and APGAX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APGAX has higher volatility (4.39%) compared to CABNX (2.20%). In terms of maximum drawdown, CABNX dropped -43.79% vs APGAX's -67.19%.
CABNX currently has the higher Sharpe Ratio (1.36 vs 0.29), 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.
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