AWF vs SPY

Comparison between AllianceBernstein Global High Income Fund Inc (AWF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed AWF, delivering a return of +13.3% compared to +4.4%

AWF vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AWF(ETF)	SPY(ETF)
Net Assets	$963M	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	58.11%	56.47%
Sharpe Ratio	0.05	2.07
5Y Beta	0.36	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	-1.59%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

AWF

$963M

Winner

SPY

$652B

Expense Ratio

AWF

N/A

SPY

0.09%

Max Drawdown

AWF

58.11%

Winner

SPY

56.47%

Sharpe Ratio

AWF

0.05

Winner

SPY

2.07

5Y Beta

Winner

AWF

0.36

SPY

1.00

P/E Ratio

AWF

N/A

SPY

28.24

Forward P/E

AWF

N/A

SPY

21.85

5Y Dividends CAGR

AWF

-1.59%

Winner

SPY

5.43%

5Y EPS CAGR

AWF

N/A

SPY

25.79%

Debt to Equity

AWF

N/A

SPY

22.35%

P/S Ratio

AWF

N/A

SPY

3.55

P/B Ratio

AWF

N/A

SPY

5.29

AWF vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	AWF	SPY
1 month	-0.91%	+9.11%
3 months	-2.09%	+6.59%
6 months	-1.94%	+10.56%
1 year	+3.62%	+32.04%
5 years(CAGR)	+4.36%	+13.35%
10 years(CAGR)	+6.03%	+15.49%
Max(CAGR)	+9.96%	+8.50%

AWF

-0.91%

Winner

SPY

+9.11%

AWF

-2.09%

Winner

SPY

+6.59%

AWF

-1.94%

Winner

SPY

+10.56%

AWF

+3.62%

Winner

SPY

+32.04%

5Y(CAGR)

AWF

+4.36%

Winner

SPY

+13.35%

10Y(CAGR)

AWF

+6.03%

Winner

SPY

+15.49%

Max(CAGR)

Winner

AWF

+9.96%

SPY

+8.50%

AWF vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	AWF	SPY
2026	-1.98%	+8.27%
2025	+7.09%	+18.00%
2024	+13.51%	+25.59%
2023	+16.57%	+26.72%
2022	-16.82%	-18.64%
2021	+9.58%	+30.52%
2020	+4.70%	+17.28%
2019	+20.19%	+31.09%
2018	-11.22%	-5.24%
2017	+6.58%	+20.78%
2016	+23.68%	+13.59%
2015	-4.85%	+1.31%
2014	-3.55%	+14.56%
2013	-0.91%	+29.00%
2012	+18.15%	+14.17%
2011	+10.23%	+0.85%
2010	+16.72%	+13.14%
2009	+87.04%	+22.67%
2008	-30.41%	-36.25%
2007	+5.03%	+5.32%
2006	+20.10%	+13.85%
2005	+8.30%	+5.32%
2004	+3.32%	+10.75%
2003	+45.46%	+24.18%
2002	+12.40%	-22.42%
2001	+26.10%	-10.13%
2000	+6.73%	-8.84%
1999	-6.33%	+8.61%

AWF vs SPY Drawdown Comparison

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

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current AWF drawdown is -6.16%.

Rank	AWF	SPY
#1	-55.54% Jun 4, 2008 - Aug 3, 2009	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-40.12% Feb 20, 2020 - Dec 30, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-25.23% Nov 12, 2021 - Mar 1, 2024	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-24.59% Jan 23, 2004 - Jan 3, 2005	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-21.15% May 16, 2013 - Jun 8, 2016	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-18.61% May 31, 2002 - Dec 30, 2002	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-18.10% Jun 4, 2007 - Jan 11, 2008	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-17.55% Jun 29, 2001 - Jan 8, 2002	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-16.68% Apr 26, 2010 - Jul 29, 2010	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-15.69% Jul 8, 2011 - Dec 22, 2011	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-15.48% Oct 20, 2017 - Apr 11, 2019	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-13.63% Jul 17, 2000 - Jan 17, 2001	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-13.05% Jun 17, 2003 - Sep 30, 2003	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-11.49% Nov 8, 2010 - Apr 1, 2011	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-11.11% Feb 26, 2025 - Jun 18, 2025	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between AWF and SPY is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (1999 - 2026)

AWF vs SPY dividend yield comparison.

Year	AWF	SPY
2026	2.74%	0.24%
2025	7.81%	1.07%
2024	7.47%	1.21%
2023	7.33%	1.40%
2022	10.30%	1.65%
2021	6.48%	1.20%
2020	6.68%	1.52%
2019	6.62%	1.75%
2018	7.97%	2.04%
2017	6.03%	1.80%
2016	7.73%	2.03%
2015	10.28%	2.06%
2014	11.91%	1.87%
2013	11.09%	1.81%
2012	9.21%	2.18%
2011	11.45%	2.05%
2010	8.39%	1.80%
2009	8.41%	1.95%
2008	18.70%	3.02%
2007	13.20%	1.85%
2006	8.09%	1.73%
2005	7.57%	1.73%
2004	7.52%	1.82%
2003	8.08%	1.47%
2002	12.22%	1.70%
2001	14.01%	1.25%
2000	5.12%	1.15%
1999	0.00%	0.24%