GCEYX vs. AWF
GCEYX (AB Global Core Equity Portfolio) and AWF (AllianceBernstein Global High Income Closed Fund) are both mutual funds - GCEYX is a Global Equities fund managed by AllianceBernstein, while AWF is a High Yield Bonds fund actively managed by AllianceBernstein. Over the past 10 years, GCEYX returned 8.68%/yr vs 5.43%/yr for AWF. At a 0.44 correlation, their price movements are largely independent. GCEYX charges 0.79%/yr vs 1.00%/yr for AWF.
Performance
GCEYX vs. AWF - Performance Comparison
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Returns By Period
In the year-to-date period, GCEYX achieves a 6.15% return, which is significantly higher than AWF's -1.51% return. Over the past 10 years, GCEYX has outperformed AWF with an annualized return of 8.68%, while AWF has yielded a comparatively lower 5.43% annualized return.
GCEYX
- 1D
- -0.37%
- 1M
- 1.91%
- 6M
- 3.21%
- YTD
- 6.15%
- 1Y
- -2.41%
- 3Y*
- 8.06%
- 5Y*
- 3.07%
- 10Y*
- 8.68%
AWF
- 1D
- -0.30%
- 1M
- 0.64%
- 6M
- -0.17%
- YTD
- -1.51%
- 1Y
- -1.67%
- 3Y*
- 8.80%
- 5Y*
- 4.24%
- 10Y*
- 5.43%
GCEYX vs. AWF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCEYX AB Global Core Equity Portfolio | 6.15% | 4.28% | 10.11% | 19.88% | -20.16% | 14.73% | 10.35% | 27.70% | -5.12% | 25.51% |
AWF AllianceBernstein Global High Income Closed Fund | -1.51% | 7.54% | 14.30% | 18.37% | -16.62% | 9.95% | 4.40% | 23.40% | -11.35% | 7.77% |
Correlation
The correlation between GCEYX and AWF is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.44 |
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Return for Risk
GCEYX vs. AWF — Risk / Return Rank
GCEYX
AWF
GCEYX vs. AWF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Global Core Equity Portfolio (GCEYX) and AllianceBernstein Global High Income Closed Fund (AWF). 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.
| GCEYX | AWF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.97 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.16 | +0.06 |
| Martin ratioReturn relative to average drawdown | -0.27 | -0.36 | +0.09 |
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Drawdowns
GCEYX vs. AWF - Drawdown Comparison
The maximum GCEYX drawdown since its inception was -33.47%, smaller than the maximum AWF drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for GCEYX and AWF.
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Drawdown Indicators
| GCEYX | AWF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.47% | -55.54% | +22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -18.35% | -10.19% | -8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -18.35% | -11.12% | -7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -32.17% | -25.25% | -6.92% |
Max Drawdown (10Y)Largest decline over 10 years | -33.47% | -40.12% | +6.65% |
Current DrawdownCurrent decline from peak | -5.24% | -5.62% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -12.28% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.37% | 4.66% | +2.71% |
Volatility
GCEYX vs. AWF - Volatility Comparison
AB Global Core Equity Portfolio (GCEYX) has a higher volatility of 4.09% compared to AllianceBernstein Global High Income Closed Fund (AWF) at 2.06%. This indicates that GCEYX's price experiences larger fluctuations and is considered to be riskier than AWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCEYX | AWF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 2.06% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 7.48% | +4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 8.85% | +8.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 12.10% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 15.18% | +2.13% |
GCEYX vs. AWF - Expense Ratio Comparison
GCEYX has a 0.79% expense ratio, which is lower than AWF's 1.00% expense ratio.
Dividends
GCEYX vs. AWF - Dividend Comparison
GCEYX has not paid dividends to shareholders, while AWF's dividend yield for the trailing twelve months is around 7.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWF AllianceBernstein Global High Income Closed Fund | 7.77% | 7.81% | 7.47% | 7.33% | 10.30% | 6.48% | 6.68% | 6.62% | 7.97% | 6.03% | 7.73% | 10.28% |
GCEYX AB Global Core Equity Portfolio | 0.00% | 0.00% | 2.77% | 1.05% | 4.34% | 1.86% | 0.78% | 3.40% | 2.91% | 4.67% | 1.00% | 1.19% |
Frequently Asked Questions
GCEYX and AWF have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCEYX has higher volatility (4.09%) compared to AWF (2.06%). In terms of maximum drawdown, GCEYX dropped -33.47% vs AWF's -55.54%.
GCEYX currently has the higher Sharpe Ratio (-0.11 vs -0.19), 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.
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