CGFIX vs. AIFRX

Last updated Jun 23, 2026

CGFIX (abrdn Global Absolute Return Strategies Fund) and AIFRX (abrdn Global Infrastructure Fund) are both mutual funds - CGFIX is a Macro Trading fund managed by Aberdeen, while AIFRX is a Energy Equities fund managed by Aberdeen. Over the past 10 years, CGFIX returned 1.86%/yr vs 10.34%/yr for AIFRX. At a 0.19 correlation, their price movements are largely independent. CGFIX charges 0.78%/yr vs 0.99%/yr for AIFRX.

Performance

CGFIX vs. AIFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Global Absolute Return Strategies Fund (CGFIX) and abrdn Global Infrastructure Fund (AIFRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGFIX achieves a 1.86% return, which is significantly lower than AIFRX's 12.03% return. Over the past 10 years, CGFIX has underperformed AIFRX with an annualized return of 1.86%, while AIFRX has yielded a comparatively higher 10.34% annualized return.

CGFIX

• 1D: 0.12%
• 1M: 1.43%
• YTD: 1.86%
• 6M: 1.93%
• 1Y: 6.15%
• 3Y*: 5.56%
• 5Y*: 0.44%
• 10Y*: 1.86%

AIFRX

• 1D: 0.00%
• 1M: -1.03%
• YTD: 12.03%
• 6M: 12.90%
• 1Y: 21.91%
• 3Y*: 15.10%
• 5Y*: 9.77%
• 10Y*: 10.34%

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

CGFIX vs. AIFRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CGFIX abrdn Global Absolute Return Strategies Fund	1.86%	5.79%	4.85%	-2.54%	-9.99%	1.39%	6.37%	7.26%	0.97%	1.62%
AIFRX abrdn Global Infrastructure Fund	12.03%	26.92%	2.88%	13.10%	-7.95%	15.61%	1.87%	28.41%	-9.31%	25.24%

Correlation

The correlation between CGFIX and AIFRX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.19

Over the past year, CGFIX and AIFRX have become more correlated (0.42) than their long-term average of 0.19, meaning their price movements have been converging.

Return for Risk

CGFIX vs. AIFRX — Risk / Return Rank

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

CGFIX

CGFIX Risk / Return Rank: 53
CGFIX Sharpe Ratio Rank: 59
CGFIX Sortino Ratio Rank: 60
CGFIX Omega Ratio Rank: 63
CGFIX Calmar Ratio Rank: 41
CGFIX Martin Ratio Rank: 40

AIFRX

AIFRX Risk / Return Rank: 64
AIFRX Sharpe Ratio Rank: 63
AIFRX Sortino Ratio Rank: 59
AIFRX Omega Ratio Rank: 55
AIFRX Calmar Ratio Rank: 78
AIFRX Martin Ratio Rank: 66

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.

CGFIX vs. AIFRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Global Absolute Return Strategies Fund (CGFIX) and abrdn Global Infrastructure Fund (AIFRX). 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.

	CGFIX	AIFRX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.13	-0.05
Sortino ratio: Return per unit of downside risk	2.97	2.95	+0.02
Omega ratio: Gain probability vs. loss probability	1.40	1.38	+0.03
Calmar ratio: Return relative to maximum drawdown	2.31	3.38	-1.06
Martin ratio: Return relative to average drawdown	8.18	12.04	-3.85

CGFIX vs. AIFRX - Sharpe Ratio Comparison

The current CGFIX Sharpe Ratio is 2.08, which is comparable to the AIFRX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of CGFIX and AIFRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGFIX vs. AIFRX - Drawdown Comparison

The maximum CGFIX drawdown since its inception was -20.28%, smaller than the maximum AIFRX drawdown of -38.38%. Use the drawdown chart below to compare losses from any high point for CGFIX and AIFRX.

Drawdown Indicators

	CGFIX	AIFRX	Difference
Max Drawdown Largest peak-to-trough decline	-20.28%	-38.38%	+18.10%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-6.42%	+3.64%
Max Drawdown (3Y) Largest decline over 3 years	-5.57%	-15.76%	+10.19%
Max Drawdown (5Y) Largest decline over 5 years	-20.28%	-22.75%	+2.47%
Max Drawdown (10Y) Largest decline over 10 years	-20.28%	-38.38%	+18.10%
Current Drawdown Current decline from peak	-1.18%	-2.91%	+1.73%
Average Drawdown Average peak-to-trough decline	-3.19%	-5.45%	+2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	1.80%	-1.02%

Volatility

CGFIX vs. AIFRX - Volatility Comparison

The current volatility for abrdn Global Absolute Return Strategies Fund (CGFIX) is 0.70%, while abrdn Global Infrastructure Fund (AIFRX) has a volatility of 2.93%. This indicates that CGFIX experiences smaller price fluctuations and is considered to be less risky than AIFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGFIX	AIFRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	2.93%	-2.23%
Volatility (6M) Calculated over the trailing 6-month period	2.35%	8.37%	-6.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.10%	10.19%	-7.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.76%	14.03%	-8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.71%	15.85%	-11.14%

CGFIX vs. AIFRX - Expense Ratio Comparison

CGFIX has a 0.78% expense ratio, which is lower than AIFRX's 0.99% expense ratio.

Dividends

CGFIX vs. AIFRX - Dividend Comparison

CGFIX's dividend yield for the trailing twelve months is around 6.12%, less than AIFRX's 7.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIFRX abrdn Global Infrastructure Fund	7.06%	7.80%	8.13%	3.46%	4.86%	5.31%	3.45%	4.01%	3.96%	3.80%	4.37%	4.55%
CGFIX abrdn Global Absolute Return Strategies Fund	6.12%	5.51%	6.43%	2.08%	0.00%	7.49%	0.23%	3.29%	6.05%	0.33%	1.12%	0.35%

Frequently Asked Questions

Can I hold both CGFIX and AIFRX in my portfolio?

CGFIX and AIFRX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGFIX or AIFRX?

AIFRX has higher volatility (2.93%) compared to CGFIX (0.70%). In terms of maximum drawdown, CGFIX dropped -20.28% vs AIFRX's -38.38%.

Which has better risk-adjusted returns?

AIFRX currently has the higher Sharpe Ratio (2.13 vs 2.08), 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.