WPSGX vs. AGDAX
WPSGX (AB Concentrated Growth Fund) and AGDAX (AB High Income Fund) are both mutual funds - WPSGX is a Large Cap Growth Equities fund managed by AllianceBernstein, while AGDAX is a High Yield Bonds fund managed by AllianceBernstein. Over the past 10 years, WPSGX returned 11.68%/yr vs 4.22%/yr for AGDAX. Their 0.29 correlation means their historical movements had little consistent relationship. WPSGX charges 0.75%/yr vs 0.84%/yr for AGDAX.
Performance
WPSGX vs. AGDAX - Performance Comparison
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Returns By Period
In the year-to-date period, WPSGX achieves a -4.14% return, which is significantly lower than AGDAX's 1.45% return. Over the past 10 years, WPSGX has outperformed AGDAX with an annualized return of 11.68%, while AGDAX has yielded a comparatively lower 4.22% annualized return.
WPSGX
- 1D
- 1.16%
- 1M
- 0.20%
- 6M
- -3.16%
- YTD
- -4.14%
- 1Y
- -3.87%
- 3Y*
- 6.05%
- 5Y*
- 2.09%
- 10Y*
- 11.68%
- ALL TIME*
- 5.99%
AGDAX
- 1D
- 0.14%
- 1M
- -0.86%
- 6M
- 0.74%
- YTD
- 1.45%
- 1Y
- 4.65%
- 3Y*
- 7.68%
- 5Y*
- 3.36%
- 10Y*
- 4.22%
- ALL TIME*
- 9.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AGDAX AB High Income Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
WPSGX vs. AGDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WPSGX AB Concentrated Growth Fund | -4.14% | 6.29% | 11.16% | 19.70% | -24.61% | 31.53% | 21.22% | 44.50% | 1.56% | 22.99% |
AGDAX AB High Income Fund | 1.45% | 8.06% | 7.36% | 13.63% | -12.45% | 3.87% | 2.91% | 13.71% | -5.29% | 7.94% |
Correlation
The correlation between WPSGX and AGDAX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1995 | 0.29 |
Over the past year, WPSGX and AGDAX have become more correlated (0.49) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
WPSGX vs. AGDAX — Risk / Return Rank
WPSGX
AGDAX
WPSGX vs. AGDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Concentrated Growth Fund (WPSGX) and AB High Income Fund (AGDAX). 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.
| WPSGX | AGDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.33 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.85 | -2.24 |
| Martin ratioReturn relative to average drawdown | -0.91 | 8.57 | -9.49 |
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Drawdowns
WPSGX vs. AGDAX - Drawdown Comparison
The maximum WPSGX drawdown since its inception was -90.28%, which is greater than AGDAX's maximum drawdown of -45.59%. Use the drawdown chart below to compare losses from any high point for WPSGX and AGDAX.
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Drawdown Indicators
| WPSGX | AGDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.28% | -45.59% | -44.69% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -2.76% | -12.76% |
Max Drawdown (3Y)Largest decline over 3 years | -18.66% | -4.24% | -14.42% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | -16.96% | -15.64% |
Max Drawdown (10Y)Largest decline over 10 years | -36.22% | -25.82% | -10.40% |
Current DrawdownCurrent decline from peak | -7.28% | -1.00% | -6.28% |
Average DrawdownAverage peak-to-trough decline | -36.56% | -4.45% | -32.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.58% | 0.60% | +5.98% |
Volatility
WPSGX vs. AGDAX - Volatility Comparison
AB Concentrated Growth Fund (WPSGX) has a higher volatility of 2.93% compared to AB High Income Fund (AGDAX) at 0.56%. This indicates that WPSGX's price experiences larger fluctuations and is considered to be riskier than AGDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPSGX | AGDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 0.56% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 2.64% | +7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 3.34% | +10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 4.93% | +13.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.42% | 5.61% | +13.81% |
WPSGX vs. AGDAX - Expense Ratio Comparison
WPSGX has a 0.75% expense ratio, which is lower than AGDAX's 0.84% expense ratio.
Dividends
WPSGX vs. AGDAX - Dividend Comparison
WPSGX's dividend yield for the trailing twelve months is around 8.88%, more than AGDAX's 6.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGDAX AB High Income Fund | 6.19% | 6.85% | 5.89% | 6.53% | 6.79% | 4.95% | 5.86% | 6.27% | 7.47% | 5.84% | 6.25% | 7.42% |
WPSGX AB Concentrated Growth Fund | 8.88% | 8.52% | 11.43% | 1.15% | 1.95% | 10.55% | 3.56% | 6.53% | 8.08% | 3.51% | 0.44% | 2.89% |
Frequently Asked Questions
WPSGX and AGDAX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WPSGX has higher volatility (2.93%) compared to AGDAX (0.56%). In terms of maximum drawdown, WPSGX dropped -90.28% vs AGDAX's -45.59%.
AGDAX currently has the higher Sharpe Ratio (1.53 vs -0.44), 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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