IRCZX vs. AWF
IRCZX (AB International Small Cap Portfolio) and AWF (AllianceBernstein Global High Income Closed Fund) are both mutual funds - IRCZX is a Foreign Small & Mid Cap Equities fund managed by AllianceBernstein, while AWF is a High Yield Bonds fund actively managed by AllianceBernstein. Over the past 10 years, IRCZX returned 8.45%/yr vs 5.31%/yr for AWF. Their 0.46 correlation means their historical movements had little consistent relationship. IRCZX charges 1.07%/yr vs 1.00%/yr for AWF.
Performance
IRCZX vs. AWF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IRCZX achieves a 10.20% return, which is significantly higher than AWF's -2.00% return. Over the past 10 years, IRCZX has outperformed AWF with an annualized return of 8.45%, while AWF has yielded a comparatively lower 5.31% annualized return.
IRCZX
- 1D
- -0.46%
- 1M
- -0.60%
- 6M
- 1.76%
- YTD
- 10.20%
- 1Y
- 17.26%
- 3Y*
- 17.10%
- 5Y*
- 7.30%
- 10Y*
- 8.45%
- ALL TIME*
- 8.54%
AWF
- 1D
- 0.10%
- 1M
- -0.64%
- 6M
- -1.41%
- YTD
- -2.00%
- 1Y
- -1.53%
- 3Y*
- 8.51%
- 5Y*
- 3.72%
- 10Y*
- 5.31%
- ALL TIME*
- 6.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.35M | $3.64M | $4.30M | |
| $0.00 | $0.00 | $0.00 |
IRCZX vs. AWF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRCZX AB International Small Cap Portfolio | 10.20% | 34.96% | 7.69% | 13.19% | -20.89% | 12.49% | 8.23% | 19.37% | -17.67% | 32.14% |
AWF AllianceBernstein Global High Income Closed Fund | -2.00% | 7.54% | 14.30% | 18.37% | -16.62% | 9.95% | 4.40% | 23.40% | -11.35% | 7.77% |
Correlation
The correlation between IRCZX and AWF is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.46 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IRCZX vs. AWF — Risk / Return Rank
IRCZX
AWF
IRCZX vs. AWF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB International Small Cap Portfolio (IRCZX) 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.
| IRCZX | AWF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.98 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | -0.15 | +1.61 |
| Martin ratioReturn relative to average drawdown | 5.27 | -0.32 | +5.60 |
Loading charts...
Drawdowns
IRCZX vs. AWF - Drawdown Comparison
The maximum IRCZX drawdown since its inception was -44.50%, smaller than the maximum AWF drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for IRCZX and AWF.
Loading charts...
Drawdown Indicators
| IRCZX | AWF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.50% | -55.54% | +11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.59% | -10.19% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -11.12% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -34.68% | -25.25% | -9.43% |
Max Drawdown (10Y)Largest decline over 10 years | -44.50% | -40.12% | -4.38% |
Current DrawdownCurrent decline from peak | -5.00% | -6.09% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -12.28% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 4.74% | -1.53% |
Volatility
IRCZX vs. AWF - Volatility Comparison
AB International Small Cap Portfolio (IRCZX) has a higher volatility of 5.17% compared to AllianceBernstein Global High Income Closed Fund (AWF) at 1.84%. This indicates that IRCZX'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.
Loading charts...
Volatility by Period
| IRCZX | AWF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 1.84% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 7.44% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 8.51% | +7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 12.09% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 15.18% | +0.89% |
IRCZX vs. AWF - Expense Ratio Comparison
IRCZX has a 1.07% expense ratio, which is higher than AWF's 1.00% expense ratio.
Dividends
IRCZX vs. AWF - Dividend Comparison
IRCZX's dividend yield for the trailing twelve months is around 14.01%, more than AWF's 7.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWF AllianceBernstein Global High Income Closed Fund | 7.81% | 7.81% | 7.47% | 7.33% | 10.30% | 6.48% | 6.68% | 6.62% | 7.97% | 6.03% | 7.73% | 10.28% |
IRCZX AB International Small Cap Portfolio | 14.01% | 15.44% | 2.70% | 2.95% | 1.07% | 3.88% | 1.14% | 1.96% | 10.24% | 3.79% | 2.72% | 0.00% |
Frequently Asked Questions
IRCZX and AWF have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRCZX has higher volatility (5.17%) compared to AWF (1.84%). In terms of maximum drawdown, IRCZX dropped -44.50% vs AWF's -55.54%.
IRCZX currently has the higher Sharpe Ratio (1.07 vs -0.18), 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.
Find the right allocation for IRCZX and AWF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer