AWF vs SH

Comparison between AllianceBernstein Global High Income Fund Inc (AWF, ETF) and ProShares Short S&P500 -1x Shares (SH, ETF).

5-Year PerformanceAWF has outperformed SH, delivering a return of +3.8% compared to -8.8%

AWF vs SH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AWF(ETF)	SH(ETF)
Net Assets	$982M	$981M
Expense Ratio	N/A	0.89%
Max Drawdown	58.11%	96.05%
Sharpe Ratio	-0.29	-1.68
5Y Beta	0.36	-0.97
5Y Dividends CAGR	0.00%	74.36%

Net Assets

Winner

AWF

$982M

$981M

Expense Ratio

AWF

N/A

0.89%

Max Drawdown

Winner

AWF

58.11%

96.05%

Sharpe Ratio

Winner

AWF

-0.29

-1.68

5Y Beta

AWF

0.36

Winner

-0.97

5Y Dividends CAGR

AWF

0.00%

Winner

74.36%

AWF vs SH - Historical Returns

Returns include dividend reinvestment.

Period	AWF	SH
1 month	-0.05%	+0.27%
3 months	+2.36%	-11.22%
6 months	-2.10%	-6.31%
1 year	-0.06%	-15.73%
5 years(CAGR)	+3.76%	-8.76%
10 years(CAGR)	+5.60%	-12.84%
Max(CAGR)	+9.92%	-11.31%

AWF

-0.05%

Winner

+0.27%

Winner

AWF

+2.36%

-11.22%

Winner

AWF

-2.10%

-6.31%

Winner

AWF

-0.06%

-15.73%

5Y(CAGR)

Winner

AWF

+3.76%

-8.76%

10Y(CAGR)

Winner

AWF

+5.60%

-12.84%

Max(CAGR)

Winner

AWF

+9.92%

-11.31%

AWF vs SH - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AWF	SH
2026	-1.83%	-6.75%
2025	+7.09%	-11.61%
2024	+13.51%	-14.04%
2023	+16.57%	-15.11%
2022	-16.82%	+19.65%
2021	+9.58%	-25.21%
2020	+4.70%	-24.36%
2019	+20.19%	-22.12%
2018	-11.22%	+5.67%
2017	+6.58%	-16.79%
2016	+23.68%	-13.78%
2015	-4.85%	-4.31%
2014	-3.55%	-14.42%
2013	-0.91%	-23.96%
2012	+18.15%	-14.45%
2011	+10.23%	-6.93%
2010	+16.72%	-15.20%
2009	+87.04%	-24.87%
2008	-30.41%	+36.95%
2007	+5.03%	+1.16%
2006	+20.10%	-8.42%
2005	+8.30%	N/A
2004	+3.32%	N/A
2003	+45.46%	N/A
2002	+12.40%	N/A
2001	+26.10%	N/A
2000	+6.73%	N/A
1999	-6.33%	N/A

AWF vs SH Drawdown Comparison

The maximum drawdown for AWF was -55.54%, occurring on Nov 21, 2008. Recovery took 293 trading sessions.

The maximum drawdown for SH was -94.66%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current AWF drawdown is -6.02%. The current SH drawdown is -94.56%.

Rank	AWF	SH
#1	-55.54% Jun 4, 2008 - Aug 3, 2009	-94.66% Mar 9, 2009 - Jun 2, 2026
#2	-40.12% Feb 20, 2020 - Dec 30, 2020	-22.19% Nov 20, 2008 - Mar 2, 2009
#3	-25.23% Nov 12, 2021 - Mar 1, 2024	-17.15% Oct 27, 2008 - Nov 19, 2008
#4	-24.59% Jan 23, 2004 - Jan 3, 2005	-15.22% Jul 17, 2006 - Jan 18, 2008
#5	-21.15% May 16, 2013 - Jun 8, 2016	-11.46% Mar 10, 2008 - Jul 3, 2008
#6	-18.61% May 31, 2002 - Dec 30, 2002	-10.82% Oct 10, 2008 - Oct 24, 2008
#7	-18.10% Jun 4, 2007 - Jan 11, 2008	-7.60% Sep 17, 2008 - Sep 29, 2008
#8	-17.55% Jun 29, 2001 - Jan 8, 2002	-7.32% Jul 15, 2008 - Sep 15, 2008
#9	-16.68% Apr 26, 2010 - Jul 29, 2010	-6.38% Jan 22, 2008 - Mar 7, 2008
#10	-15.69% Jul 8, 2011 - Dec 22, 2011	-3.12% Jun 27, 2006 - Jul 13, 2006
#11	-15.48% Oct 20, 2017 - Apr 11, 2019	-2.77% Sep 29, 2008 - Oct 2, 2008
#12	-13.63% Jul 17, 2000 - Jan 17, 2001	-2.48% Mar 3, 2009 - Mar 5, 2009
#13	-13.05% Jun 17, 2003 - Sep 30, 2003	-1.85% Jul 7, 2008 - Jul 9, 2008
#14	-11.49% Nov 8, 2010 - Apr 1, 2011	-1.66% Sep 15, 2008 - Sep 17, 2008
#15	-11.11% Feb 26, 2025 - Jun 18, 2025	-0.65% Jul 9, 2008 - Jul 11, 2008

Correlation

Correlation between AWF and SH is -0.92 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.92

-101

Dividend Comparison (2000 - 2026)

AWF vs SH dividend yield comparison.

Year	AWF	SH
2026	3.39%	0.54%
2025	7.81%	4.49%
2024	7.47%	6.20%
2023	7.33%	5.37%
2022	10.30%	1.08%
2021	6.48%	0.00%
2020	6.68%	0.16%
2019	6.62%	1.76%
2018	7.97%	1.01%
2017	6.03%	0.06%
2016	7.73%	0.00%
2015	10.28%	0.00%
2014	11.91%	0.00%
2013	11.09%	0.00%
2012	9.21%	0.00%
2011	11.45%	0.00%
2010	8.39%	0.00%
2009	8.41%	0.00%
2008	18.70%	17.52%
2007	13.20%	3.81%
2006	8.09%	1.86%
2005	7.57%	0.00%
2004	7.52%	0.00%
2003	8.08%	0.00%
2002	12.22%	0.00%
2001	14.01%	0.00%
2000	5.12%	0.00%