CABNX vs. QDSNX

Last updated Jun 5, 2026

CABNX (AB Global Risk Allocation Fund) and QDSNX (AQR Diversifying Strategies Fund Class N) are both Tactical Allocation funds. Over the past 5 years, CABNX returned 4.79%/yr vs 10.87%/yr for QDSNX. At a 0.29 correlation, their price movements are largely independent. CABNX charges 1.29%/yr vs 3.30%/yr for QDSNX.

Performance

CABNX vs. QDSNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Global Risk Allocation Fund (CABNX) and AQR Diversifying Strategies Fund Class N (QDSNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CABNX achieves a 6.87% return, which is significantly higher than QDSNX's 6.38% return.

CABNX

• 1D: -0.66%
• 1M: 1.53%
• YTD: 6.87%
• 6M: 6.65%
• 1Y: 15.74%
• 3Y*: 11.10%
• 5Y*: 4.79%
• 10Y*: 6.76%

QDSNX

• 1D: 0.07%
• 1M: 1.57%
• YTD: 6.38%
• 6M: 7.65%
• 1Y: 14.84%
• 3Y*: 13.74%
• 5Y*: 10.87%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CABNX vs. QDSNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CABNX AB Global Risk Allocation Fund	6.87%	13.72%	7.37%	6.10%	-9.95%	11.98%	15.92%
QDSNX AQR Diversifying Strategies Fund Class N	6.38%	16.14%	9.56%	8.62%	14.48%	10.35%	5.40%

Correlation

The correlation between CABNX and QDSNX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020	0.29

Over the past year, CABNX and QDSNX have become more correlated (0.52) than their long-term average of 0.29, meaning their price movements have been converging.

Return for Risk

CABNX vs. QDSNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CABNX

CABNX Risk / Return Rank: 48
CABNX Sharpe Ratio Rank: 49
CABNX Sortino Ratio Rank: 46
CABNX Omega Ratio Rank: 47
CABNX Calmar Ratio Rank: 45
CABNX Martin Ratio Rank: 53

QDSNX

QDSNX Risk / Return Rank: 91
QDSNX Sharpe Ratio Rank: 90
QDSNX Sortino Ratio Rank: 91
QDSNX Omega Ratio Rank: 85
QDSNX Calmar Ratio Rank: 97
QDSNX Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CABNX vs. QDSNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Global Risk Allocation Fund (CABNX) and AQR Diversifying Strategies Fund Class N (QDSNX). 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.

	CABNX	QDSNX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	3.00	-0.96
Sortino ratio: Return per unit of downside risk	2.81	4.51	-1.70
Omega ratio: Gain probability vs. loss probability	1.37	1.59	-0.22
Calmar ratio: Return relative to maximum drawdown	2.51	7.58	-5.07
Martin ratio: Return relative to average drawdown	10.56	21.91	-11.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CABNX vs. QDSNX - Sharpe Ratio Comparison

The current CABNX Sharpe Ratio is 2.04, which is lower than the QDSNX Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of CABNX and QDSNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CABNX	QDSNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	3.00	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	1.43	-1.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.63	-1.09

Drawdowns

CABNX vs. QDSNX - Drawdown Comparison

The maximum CABNX drawdown since its inception was -43.79%, which is greater than QDSNX's maximum drawdown of -7.15%. Use the drawdown chart below to compare losses from any high point for CABNX and QDSNX.

Drawdown Indicators

	CABNX	QDSNX	Difference
Max Drawdown Largest peak-to-trough decline	-43.79%	-7.15%	-36.64%
Max Drawdown (1Y) Largest decline over 1 year	-6.40%	-1.97%	-4.43%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-6.93%	-11.82%
Max Drawdown (5Y) Largest decline over 5 years	-18.75%	-7.15%	-11.60%
Max Drawdown (10Y) Largest decline over 10 years	-24.51%	—	—
Current Drawdown Current decline from peak	-0.66%	0.00%	-0.66%
Average Drawdown Average peak-to-trough decline	-5.53%	-1.46%	-4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	0.68%	+0.84%

Volatility

CABNX vs. QDSNX - Volatility Comparison

AB Global Risk Allocation Fund (CABNX) has a higher volatility of 2.69% compared to AQR Diversifying Strategies Fund Class N (QDSNX) at 1.37%. This indicates that CABNX's price experiences larger fluctuations and is considered to be riskier than QDSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CABNX	QDSNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	1.37%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	6.47%	3.57%	+2.90%
Volatility (1Y) Calculated over the trailing 1-year period	7.87%	4.96%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.96%	7.63%	+5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.28%	7.31%	+3.97%

CABNX vs. QDSNX - Expense Ratio Comparison

CABNX has a 1.29% expense ratio, which is lower than QDSNX's 3.30% expense ratio.

Dividends

CABNX vs. QDSNX - Dividend Comparison

CABNX's dividend yield for the trailing twelve months is around 8.72%, more than QDSNX's 1.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CABNX AB Global Risk Allocation Fund	8.72%	9.32%	16.76%	1.39%	8.47%	9.67%	3.02%	1.32%	0.60%	3.16%	5.53%	0.06%
QDSNX AQR Diversifying Strategies Fund Class N	1.87%	1.99%	0.00%	11.18%	8.01%	5.99%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CABNX and QDSNX in my portfolio?

CABNX and QDSNX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CABNX or QDSNX?

CABNX has higher volatility (2.69%) compared to QDSNX (1.37%). In terms of maximum drawdown, CABNX dropped -43.79% vs QDSNX's -7.15%.

Which has better risk-adjusted returns?

QDSNX currently has the higher Sharpe Ratio (3.00 vs 2.04), 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.