CAM vs. FWD
CAM (AB California Intermediate Municipal ETF) and FWD (AB Disruptors ETF) are both exchange-traded funds - CAM is a Municipal Bonds fund actively managed by AllianceBernstein, while FWD is a Global Equities fund actively managed by AllianceBernstein. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. CAM charges 0.27%/yr vs 0.65%/yr for FWD.
Performance
CAM vs. FWD - Performance Comparison
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Returns By Period
In the year-to-date period, CAM achieves a 1.29% return, which is significantly lower than FWD's 40.11% return.
CAM
- 1D
- 0.00%
- 1M
- 0.60%
- YTD
- 1.29%
- 6M
- 1.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWD
- 1D
- -0.27%
- 1M
- 14.15%
- YTD
- 40.11%
- 6M
- 39.78%
- 1Y
- 75.95%
- 3Y*
- 39.48%
- 5Y*
- —
- 10Y*
- —
CAM vs. FWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CAM AB California Intermediate Municipal ETF | 1.29% | 1.17% |
FWD AB Disruptors ETF | 40.11% | -0.20% |
Correlation
The correlation between CAM and FWD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025 | 0.18 |
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Return for Risk
CAM vs. FWD — Risk / Return Rank
CAM
FWD
CAM vs. FWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB California Intermediate Municipal ETF (CAM) and AB Disruptors ETF (FWD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CAM | FWD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.80 | 1.67 | +0.13 |
Drawdowns
CAM vs. FWD - Drawdown Comparison
The maximum CAM drawdown since its inception was -2.19%, smaller than the maximum FWD drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for CAM and FWD.
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Drawdown Indicators
| CAM | FWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.19% | -29.02% | +26.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.02% | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.27% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -4.06% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.66% | — |
Volatility
CAM vs. FWD - Volatility Comparison
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Volatility by Period
| CAM | FWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 24.15% | -22.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.12% | 24.72% | -22.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.12% | 24.72% | -22.60% |
CAM vs. FWD - Expense Ratio Comparison
CAM has a 0.27% expense ratio, which is lower than FWD's 0.65% expense ratio.
Dividends
CAM vs. FWD - Dividend Comparison
CAM's dividend yield for the trailing twelve months is around 2.25%, more than FWD's 0.08% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CAM AB California Intermediate Municipal ETF | 2.25% | 0.87% | 0.00% |
FWD AB Disruptors ETF | 0.08% | 0.11% | 1.89% |
Frequently Asked Questions
CAM and FWD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CAM is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CAM is cheaper with a 0.27% expense ratio, compared with 0.65% for FWD.
CAM has the higher dividend yield at 2.25%, compared with 0.08% for FWD.
CAM is categorized as Municipal Bonds, while FWD is Global Equities. Their fees differ too: 0.27% for CAM and 0.65% for FWD.
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