SCRZX vs. ALTFX

Last updated Jun 24, 2026

SCRZX (AB Small Cap Core Portfolio) and ALTFX (AB Sustainable Global Thematic Fund) are both mutual funds - SCRZX is a Small Cap Blend Equities fund managed by AllianceBernstein, while ALTFX is a Global Equities fund managed by AllianceBernstein. Over the past 10 years, SCRZX returned 10.47%/yr vs 11.34%/yr for ALTFX. A 0.79 correlation means they provide meaningful diversification when combined. SCRZX charges 0.87%/yr vs 1.02%/yr for ALTFX.

Performance

SCRZX vs. ALTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Small Cap Core Portfolio (SCRZX) and AB Sustainable Global Thematic Fund (ALTFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCRZX achieves a 20.05% return, which is significantly higher than ALTFX's 4.72% return. Over the past 10 years, SCRZX has underperformed ALTFX with an annualized return of 10.47%, while ALTFX has yielded a comparatively higher 11.34% annualized return.

SCRZX

• 1D: 1.45%
• 1M: 5.58%
• YTD: 20.05%
• 6M: 17.24%
• 1Y: 34.52%
• 3Y*: 16.79%
• 5Y*: 7.68%
• 10Y*: 10.47%

ALTFX

• 1D: 0.38%
• 1M: 1.81%
• YTD: 4.72%
• 6M: 3.71%
• 1Y: 7.89%
• 3Y*: 7.86%
• 5Y*: 2.45%
• 10Y*: 11.34%

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

SCRZX vs. ALTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCRZX AB Small Cap Core Portfolio	20.05%	7.75%	7.72%	20.91%	-18.89%	23.27%	12.41%	24.28%	-13.25%	7.40%
ALTFX AB Sustainable Global Thematic Fund	4.72%	6.22%	5.94%	15.97%	-27.19%	22.64%	39.40%	33.60%	-9.86%	37.16%

Correlation

The correlation between SCRZX and ALTFX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.79

The correlation between SCRZX and ALTFX has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

SCRZX vs. ALTFX — Risk / Return Rank

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

SCRZX

SCRZX Risk / Return Rank: 60
SCRZX Sharpe Ratio Rank: 49
SCRZX Sortino Ratio Rank: 50
SCRZX Omega Ratio Rank: 41
SCRZX Calmar Ratio Rank: 85
SCRZX Martin Ratio Rank: 74

ALTFX

ALTFX Risk / Return Rank: 7
ALTFX Sharpe Ratio Rank: 7
ALTFX Sortino Ratio Rank: 7
ALTFX Omega Ratio Rank: 8
ALTFX Calmar Ratio Rank: 6
ALTFX Martin Ratio Rank: 7

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.

SCRZX vs. ALTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Small Cap Core Portfolio (SCRZX) and AB Sustainable Global Thematic Fund (ALTFX). 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.

	SCRZX	ALTFX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	0.58	+1.34
Sortino ratio: Return per unit of downside risk	2.73	0.89	+1.84
Omega ratio: Gain probability vs. loss probability	1.32	1.11	+0.21
Calmar ratio: Return relative to maximum drawdown	3.83	0.56	+3.27
Martin ratio: Return relative to average drawdown	13.11	1.65	+11.46

SCRZX vs. ALTFX - Sharpe Ratio Comparison

The current SCRZX Sharpe Ratio is 1.92, which is higher than the ALTFX Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of SCRZX and ALTFX, 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

SCRZX vs. ALTFX - Drawdown Comparison

The maximum SCRZX drawdown since its inception was -44.82%, smaller than the maximum ALTFX drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for SCRZX and ALTFX.

Drawdown Indicators

	SCRZX	ALTFX	Difference
Max Drawdown Largest peak-to-trough decline	-44.82%	-80.01%	+35.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.37%	-15.81%	+6.44%
Max Drawdown (3Y) Largest decline over 3 years	-28.46%	-22.92%	-5.54%
Max Drawdown (5Y) Largest decline over 5 years	-29.24%	-35.87%	+6.63%
Max Drawdown (10Y) Largest decline over 10 years	-44.82%	-35.87%	-8.95%
Current Drawdown Current decline from peak	0.00%	-1.94%	+1.94%
Average Drawdown Average peak-to-trough decline	-8.61%	-36.89%	+28.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	5.33%	-2.60%

Volatility

SCRZX vs. ALTFX - Volatility Comparison

The current volatility for AB Small Cap Core Portfolio (SCRZX) is 5.37%, while AB Sustainable Global Thematic Fund (ALTFX) has a volatility of 5.78%. This indicates that SCRZX experiences smaller price fluctuations and is considered to be less risky than ALTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCRZX	ALTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.37%	5.78%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	12.52%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	18.74%	15.28%	+3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.06%	18.32%	+3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	18.05%	+5.22%

SCRZX vs. ALTFX - Expense Ratio Comparison

SCRZX has a 0.87% expense ratio, which is lower than ALTFX's 1.02% expense ratio.

Dividends

SCRZX vs. ALTFX - Dividend Comparison

SCRZX's dividend yield for the trailing twelve months is around 8.94%, less than ALTFX's 12.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ALTFX AB Sustainable Global Thematic Fund	12.92%	13.53%	8.18%	0.03%	2.61%	9.99%	7.23%	6.01%	8.36%	0.00%	4.05%
SCRZX AB Small Cap Core Portfolio	8.94%	10.74%	15.00%	8.51%	8.47%	5.95%	0.51%	0.47%	8.63%	6.37%	0.28%

Frequently Asked Questions

Can I hold both SCRZX and ALTFX in my portfolio?

SCRZX and ALTFX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCRZX or ALTFX?

ALTFX has higher volatility (5.78%) compared to SCRZX (5.37%). In terms of maximum drawdown, SCRZX dropped -44.82% vs ALTFX's -80.01%.

Which has better risk-adjusted returns?

SCRZX currently has the higher Sharpe Ratio (1.92 vs 0.58), 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.