SH vs AWF

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

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

SH vs AWF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

$981M

Winner

AWF

$982M

Expense Ratio

0.89%

AWF

N/A

Max Drawdown

96.05%

Winner

AWF

58.11%

Sharpe Ratio

-1.68

Winner

AWF

-0.29

5Y Beta

Winner

-0.97

AWF

0.36

5Y Dividends CAGR

Winner

74.36%

AWF

0.00%

SH vs AWF - Historical Returns

Returns include dividend reinvestment.

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

Winner

+0.27%

AWF

-0.05%

-11.22%

Winner

AWF

+2.36%

-6.31%

Winner

AWF

-2.10%

-15.73%

Winner

AWF

-0.06%

5Y(CAGR)

-8.76%

Winner

AWF

+3.76%

10Y(CAGR)

-12.84%

Winner

AWF

+5.60%

Max(CAGR)

-11.31%

Winner

AWF

+9.92%

SH vs AWF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

SH vs AWF Drawdown Comparison

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

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

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

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

Correlation

Correlation between SH and AWF 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)

SH vs AWF dividend yield comparison.

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