XCHG vs. FWD
XCHG (AB US Equity ETF) and FWD (AB Disruptors ETF) are both exchange-traded funds - XCHG is a Large Cap Blend Equities fund actively managed by AllianceBernstein, while FWD is a Global Equities fund actively managed by AllianceBernstein. Both are actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. XCHG charges 0.50%/yr vs 0.65%/yr for FWD.
Performance
XCHG vs. FWD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XCHG achieves a 8.51% return, which is significantly lower than FWD's 20.07% return.
XCHG
- 1D
- 1.09%
- 1M
- 1.45%
- 6M
- 7.39%
- YTD
- 8.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FWD
- 1D
- 1.20%
- 1M
- -8.86%
- 6M
- 11.18%
- YTD
- 20.07%
- 1Y
- 39.21%
- 3Y*
- 29.50%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $39.66M | $42.86M | $36.96M | |
XCHG AB US Equity ETF | $55.08K | $59.91K | $74.54K |
XCHG vs. FWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XCHG AB US Equity ETF | 8.51% | 0.38% |
FWD AB Disruptors ETF | 20.07% | 0.25% |
Correlation
The correlation between XCHG and FWD is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025 | 0.69 |
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
XCHG vs. FWD — Risk / Return Rank
XCHG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FWD
XCHG vs. FWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US Equity ETF (XCHG) 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.
| XCHG | FWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.78 | — |
| Martin ratioReturn relative to average drawdown | — | 6.86 | — |
Loading charts...
Drawdowns
XCHG vs. FWD - Drawdown Comparison
The maximum XCHG drawdown since its inception was -9.66%, smaller than the maximum FWD drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for XCHG and FWD.
Loading charts...
Drawdown Indicators
| XCHG | FWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.66% | -29.02% | +19.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.02% | — |
Current DrawdownCurrent decline from peak | -0.30% | -15.78% | +15.48% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -4.26% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.32% | — |
Volatility
XCHG vs. FWD - Volatility Comparison
Loading charts...
Volatility by Period
| XCHG | FWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 29.47% | -16.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.06% | 26.00% | -12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.06% | 26.00% | -12.94% |
XCHG vs. FWD - Expense Ratio Comparison
XCHG has a 0.50% expense ratio, which is lower than FWD's 0.65% expense ratio.
Dividends
XCHG vs. FWD - Dividend Comparison
XCHG's dividend yield for the trailing twelve months is around 0.37%, more than FWD's 0.09% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FWD AB Disruptors ETF | 0.09% | 0.11% | 1.89% |
XCHG AB US Equity ETF | 0.37% | 0.05% | 0.00% |
Frequently Asked Questions
XCHG and FWD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCHG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCHG is cheaper with a 0.50% expense ratio, compared with 0.65% for FWD.
XCHG has the higher dividend yield at 0.37%, compared with 0.09% for FWD.
XCHG is categorized as Large Cap Blend Equities, while FWD is Global Equities. Their fees differ too: 0.50% for XCHG and 0.65% for FWD.
Find the right allocation for XCHG and FWD
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