TGLB vs. FWD

Last updated Jul 21, 2026

TGLB (T. Rowe Price Global Equity ETF) and FWD (AB Disruptors ETF) are both Global Equities funds. Over the past year, TGLB returned 12.65% vs 38.99% for FWD. Their correlation of 0.81 suggests significant overlap in exposure. TGLB charges 0.46%/yr vs 0.65%/yr for FWD.

Performance

TGLB vs. FWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Equity ETF (TGLB) and AB Disruptors ETF (FWD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TGLB achieves a 10.62% return, which is significantly lower than FWD's 21.88% return.

TGLB

• 1D: -0.76%
• 1M: -0.46%
• 6M: 8.63%
• YTD: 10.62%
• 1Y: 12.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.06%

FWD

• 1D: -0.08%
• 1M: -13.56%
• 6M: 11.83%
• YTD: 21.88%
• 1Y: 38.99%
• 3Y*: 31.25%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 32.74%

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

TGLB vs. FWD - Yearly Performance Comparison

	2026 (YTD)	2025
TGLB T. Rowe Price Global Equity ETF	10.62%	3.99%
FWD AB Disruptors ETF	21.88%	19.83%

Correlation

The correlation between TGLB and FWD is 0.81, 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	0.81
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.81

The correlation between TGLB and FWD has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

TGLB vs. FWD - Sectors Allocation Comparison

Sectors	TGLB	FWD
Technology	34.3%	53.0%
Financial Services	18.1%	0.5%
Communication Services	11.5%	3.3%
Industrials	8.6%	16.8%
Consumer Cyclical	7.8%	3.8%
Healthcare	7.2%	6.0%
Basic Materials	4.8%	0.9%
Energy	4.0%	0.8%
Utilities	2.4%	0.3%
Consumer Defensive	1.2%	0.8%
Real Estate	-	0.7%

Return for Risk

TGLB vs. FWD — Risk / Return Rank

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

TGLB

TGLB Risk / Return Rank: 34
TGLB Sharpe Ratio Rank: 33
TGLB Sortino Ratio Rank: 32
TGLB Omega Ratio Rank: 31
TGLB Calmar Ratio Rank: 34
TGLB Martin Ratio Rank: 40

FWD

FWD Risk / Return Rank: 58
FWD Sharpe Ratio Rank: 54
FWD Sortino Ratio Rank: 48
FWD Omega Ratio Rank: 50
FWD Calmar Ratio Rank: 73
FWD Martin Ratio Rank: 67

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.

TGLB vs. FWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Equity ETF (TGLB) and AB Disruptors ETF (FWD). 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.

	TGLB	FWD	Difference
Sharpe ratio: Return per unit of total volatility	0.88	1.38	-0.49
Sortino ratio: Return per unit of downside risk	1.30	1.85	-0.55
Omega ratio: Gain probability vs. loss probability	1.16	1.24	-0.08
Calmar ratio: Return relative to maximum drawdown	1.30	2.70	-1.40
Martin ratio: Return relative to average drawdown	4.58	8.76	-4.18

TGLB vs. FWD - Sharpe Ratio Comparison

The current TGLB Sharpe Ratio is 0.88, which is lower than the FWD Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of TGLB and FWD, 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

TGLB vs. FWD - Drawdown Comparison

The maximum TGLB drawdown since its inception was -9.78%, smaller than the maximum FWD drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for TGLB and FWD.

Drawdown Indicators

	TGLB	FWD	Difference
Max Drawdown Largest peak-to-trough decline	-9.78%	-29.02%	+19.24%
Max Drawdown (1Y) Largest decline over 1 year	-9.78%	-14.51%	+4.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.02%	—
Current Drawdown Current decline from peak	-2.30%	-14.51%	+12.21%
Average Drawdown Average peak-to-trough decline	-1.79%	-4.14%	+2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	4.46%	-1.69%

Volatility

TGLB vs. FWD - Volatility Comparison

The current volatility for T. Rowe Price Global Equity ETF (TGLB) is 3.85%, while AB Disruptors ETF (FWD) has a volatility of 12.14%. This indicates that TGLB experiences smaller price fluctuations and is considered to be less risky than FWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGLB	FWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	12.14%	-8.29%
Volatility (6M) Calculated over the trailing 6-month period	12.11%	23.83%	-11.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	28.50%	-14.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.14%	25.77%	-11.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.14%	25.77%	-11.63%

TGLB vs. FWD - Expense Ratio Comparison

TGLB has a 0.46% expense ratio, which is lower than FWD's 0.65% expense ratio.

Dividends

TGLB vs. FWD - Dividend Comparison

TGLB's dividend yield for the trailing twelve months is around 0.18%, more than FWD's 0.09% yield.

Position	TTM	2025	2024
FWD AB Disruptors ETF	0.09%	0.11%	1.89%
TGLB T. Rowe Price Global Equity ETF	0.18%	0.20%	0.00%

Frequently Asked Questions

Can I hold both TGLB and FWD in my portfolio?

TGLB and FWD have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TGLB or FWD?

FWD has higher volatility (12.14%) compared to TGLB (3.85%). In terms of maximum drawdown, TGLB dropped -9.78% vs FWD's -29.02%.

Which ETF is better, TGLB or FWD?

On 1-year performance, FWD leads with 38.99% vs 12.65% for TGLB. On fees, TGLB is cheaper at 0.46% per year. On volatility, TGLB has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TGLB or FWD?

Over the 1-year period, FWD has performed better with a 38.99% return vs 12.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TGLB or FWD?

TGLB is cheaper with a 0.46% expense ratio, compared with 0.65% for FWD.

Which ETF pays a higher dividend yield, TGLB or FWD?

TGLB has the higher dividend yield at 0.18%, compared with 0.09% for FWD.

What is the main difference between TGLB and FWD?

They also come from different issuers: T. Rowe Price and AllianceBernstein. Their fees differ too: 0.46% for TGLB and 0.65% for FWD.

Which has better risk-adjusted returns?

FWD currently has the higher Sharpe Ratio (1.38 vs 0.88), 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.