CHCLX vs. SMCWX
Compare and contrast key facts about AB Discovery Growth Fund (CHCLX) and American Funds SMALLCAP World Fund Class A (SMCWX).
CHCLX is managed by AllianceBernstein. It was launched on Jul 7, 1938. SMCWX is managed by American Funds. It was launched on Apr 30, 1990.
Performance
CHCLX vs. SMCWX - Performance Comparison
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CHCLX vs. SMCWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CHCLX AB Discovery Growth Fund | -3.46% | 6.67% | 17.37% | 18.72% | -36.11% | 11.63% | 52.90% | 39.99% | -4.56% | 32.58% |
SMCWX American Funds SMALLCAP World Fund Class A | -1.05% | 14.07% | 2.33% | 18.86% | -29.90% | 10.14% | 37.46% | 30.79% | -9.75% | 26.85% |
Returns By Period
In the year-to-date period, CHCLX achieves a -3.46% return, which is significantly lower than SMCWX's -1.05% return. Over the past 10 years, CHCLX has outperformed SMCWX with an annualized return of 11.76%, while SMCWX has yielded a comparatively lower 9.04% annualized return.
CHCLX
- 1D
- 5.43%
- 1M
- -6.62%
- YTD
- -3.46%
- 6M
- -0.09%
- 1Y
- 17.91%
- 3Y*
- 10.15%
- 5Y*
- -0.30%
- 10Y*
- 11.76%
SMCWX
- 1D
- 3.47%
- 1M
- -7.83%
- YTD
- -1.05%
- 6M
- 1.11%
- 1Y
- 20.45%
- 3Y*
- 8.86%
- 5Y*
- 0.17%
- 10Y*
- 9.04%
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CHCLX vs. SMCWX - Expense Ratio Comparison
CHCLX has a 0.91% expense ratio, which is lower than SMCWX's 1.02% expense ratio.
Return for Risk
CHCLX vs. SMCWX — Risk / Return Rank
CHCLX
SMCWX
CHCLX vs. SMCWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Discovery Growth Fund (CHCLX) and American Funds SMALLCAP World Fund Class A (SMCWX). 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.
| CHCLX | SMCWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.17 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.72 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.66 | -0.59 |
Martin ratioReturn relative to average drawdown | 3.71 | 6.37 | -2.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHCLX | SMCWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.17 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.01 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.51 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.57 | -0.20 |
Correlation
The correlation between CHCLX and SMCWX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CHCLX vs. SMCWX - Dividend Comparison
CHCLX's dividend yield for the trailing twelve months is around 12.02%, more than SMCWX's 4.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHCLX AB Discovery Growth Fund | 12.02% | 11.60% | 0.00% | 0.00% | 0.00% | 17.54% | 15.15% | 13.36% | 20.33% | 6.74% | 0.00% | 6.08% |
SMCWX American Funds SMALLCAP World Fund Class A | 4.90% | 4.84% | 0.60% | 0.64% | 0.00% | 9.24% | 1.60% | 4.24% | 7.06% | 4.48% | 0.35% | 6.49% |
Drawdowns
CHCLX vs. SMCWX - Drawdown Comparison
The maximum CHCLX drawdown since its inception was -63.85%, roughly equal to the maximum SMCWX drawdown of -62.46%. Use the drawdown chart below to compare losses from any high point for CHCLX and SMCWX.
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Drawdown Indicators
| CHCLX | SMCWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.85% | -62.46% | -1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -15.70% | -11.83% | -3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -44.63% | -39.79% | -4.84% |
Max Drawdown (10Y)Largest decline over 10 years | -44.63% | -39.79% | -4.84% |
Current DrawdownCurrent decline from peak | -13.60% | -10.12% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -14.23% | -14.98% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 3.08% | +1.44% |
Volatility
CHCLX vs. SMCWX - Volatility Comparison
AB Discovery Growth Fund (CHCLX) has a higher volatility of 11.03% compared to American Funds SMALLCAP World Fund Class A (SMCWX) at 7.62%. This indicates that CHCLX's price experiences larger fluctuations and is considered to be riskier than SMCWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHCLX | SMCWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.03% | 7.62% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 18.53% | 11.82% | +6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.32% | 17.93% | +9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.69% | 18.05% | +7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 17.76% | +7.09% |