CDIG vs. FWD

Last updated Jun 23, 2026

CDIG (City Different Investments Global Equity ETF) and FWD (AB Disruptors ETF) are both Global Equities funds. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. CDIG charges 0.75%/yr vs 0.65%/yr for FWD.

Performance

CDIG vs. FWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in City Different Investments Global Equity ETF (CDIG) and AB Disruptors ETF (FWD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDIG achieves a 3.26% return, which is significantly lower than FWD's 42.55% return.

CDIG

• 1D: -0.64%
• 1M: 0.51%
• YTD: 3.26%
• 6M: 2.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FWD

• 1D: 1.11%
• 1M: 8.76%
• YTD: 42.55%
• 6M: 40.47%
• 1Y: 76.62%
• 3Y*: 40.05%
• 5Y*: —
• 10Y*: —

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

CDIG vs. FWD - Yearly Performance Comparison

	2026 (YTD)	2025
CDIG City Different Investments Global Equity ETF	3.26%	-0.39%
FWD AB Disruptors ETF	42.55%	5.67%

Correlation

The correlation between CDIG and FWD is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025	0.70

Return for Risk

CDIG vs. FWD — Risk / Return Rank

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

CDIG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FWD

FWD Risk / Return Rank: 88
FWD Sharpe Ratio Rank: 91
FWD Sortino Ratio Rank: 82
FWD Omega Ratio Rank: 83
FWD Calmar Ratio Rank: 92
FWD Martin Ratio Rank: 91

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.

CDIG vs. FWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for City Different Investments Global Equity ETF (CDIG) 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.

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.

	CDIG	FWD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.94	—
Sortino ratio: Return per unit of downside risk	—	3.47	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	5.91	—
Martin ratio: Return relative to average drawdown	—	20.13	—

Drawdowns

CDIG vs. FWD - Drawdown Comparison

The maximum CDIG drawdown since its inception was -11.35%, smaller than the maximum FWD drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for CDIG and FWD.

Drawdown Indicators

	CDIG	FWD	Difference
Max Drawdown Largest peak-to-trough decline	-11.35%	-29.02%	+17.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.02%	—
Current Drawdown Current decline from peak	-4.87%	0.00%	-4.87%
Average Drawdown Average peak-to-trough decline	-3.25%	-4.06%	+0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.82%	—

Volatility

Volatility by Period

	CDIG	FWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.91%	26.29%	-3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.91%	25.25%	-2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	25.25%	-2.34%

CDIG vs. FWD - Expense Ratio Comparison

CDIG has a 0.75% expense ratio, which is higher than FWD's 0.65% expense ratio.

Dividends

CDIG vs. FWD - Dividend Comparison

CDIG has not paid dividends to shareholders, while FWD's dividend yield for the trailing twelve months is around 0.08%.

Position	TTM	2025	2024
CDIG City Different Investments Global Equity ETF	0.00%	0.00%	0.00%
FWD AB Disruptors ETF	0.08%	0.11%	1.89%

Frequently Asked Questions

Can I hold both CDIG and FWD in my portfolio?

CDIG and FWD have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CDIG or FWD?

On fees, FWD is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CDIG or FWD?

FWD is cheaper with a 0.65% expense ratio, compared with 0.75% for CDIG.

Which ETF pays a higher dividend yield, CDIG or FWD?

FWD has the higher dividend yield at 0.08%, compared with 0.00% for CDIG.

What is the main difference between CDIG and FWD?

They also come from different issuers: City Different Investments and AllianceBernstein. Their fees differ too: 0.75% for CDIG and 0.65% for FWD.