AWF vs FTCB
AWF vs FTCB
AllianceBernstein Global High Income Fund vs First Trust Core Investment Grade ETF
Quick Verdict
FTCB has a lower expense ratio. FTCB delivered stronger 1-year returns. AWF offers more diversification with 707 holdings.
Side-by-Side Comparison
| Metric | AWF | FTCB | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.56% | |
| AUM | $969M | $2.5B | |
| Dividend Yield | 6.92% | 5.24% | |
| Holdings | 1,273 | 721 | |
| YTD Return | -1.51% | +0.12% | |
| 1Y Return | -2.78% | +2.43% | |
| 3Y Return (annualized) | +8.35% | - | |
| 5Y Return (annualized) | +3.44% | - | |
| Volatility (annualized) | 18.2% | 5.1% | |
| Max Drawdown | -60.0% | -5.0% | |
| Fund Family | AllianceBernstein L.P. | First Trust Portfolios (US) | |
| Category | Fixed Income | Fixed Income | |
| Inception | Jul 28, 1993 | Nov 7, 2023 |
AWF vs FTCB Performance
AllianceBernstein Global High Income Fund (AWF) is a ETF from AllianceBernstein L.P. and First Trust Core Investment Grade ETF (FTCB) is a ETF from First Trust Portfolios (US). Over the past year AWF returned -2.78% while FTCB returned +2.43%. Year to date, AWF is down 1.51% versus a gain of 0.12% for FTCB.
Risk: Volatility and Drawdowns
AWF has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 5.1% for FTCB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -60.0% for AWF and -5.0% for FTCB. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AWF charges 1.00% per year while FTCB charges 0.56%. On a $10,000 position that is $100 vs $56 annually, a gap of $44 per year that compounds over a long holding period. On income, AWF currently yields 6.92% against 5.24% for FTCB.
Holdings Overlap
AWF and FTCB share 4 holdings out of 1034 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AWF | Weight in FTCB | Difference |
|---|---|---|---|
| MEDIND 3.875 04/01/2 | 0.03% | 0.37% | 0.34% |
| JHXAU 6.125 07/31/32 | 0.10% | 0.12% | 0.02% |
| ABCSUP 4 01/15/28 14 | 0.02% | 0.14% | 0.12% |
| CRL 3.75 03/15/29 14 | Pro | Pro | Pro |
See all 4 holdings AWF shares with FTCB Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, AWF or FTCB?
AWF has an expense ratio of 1.00% while FTCB charges 0.56%. FTCB is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, AWF or FTCB?
Over the past year AWF returned -2.78% vs +2.43% for FTCB, so FTCB leads on 1-year performance. Over the longest common window we track (3 years), AWF annualized +0.90% vs +5.77% for FTCB. Past performance does not guarantee future results.
Which is riskier, AWF or FTCB?
AWF has been the more volatile fund at 18.2% annualized versus 5.1% for FTCB. Worst drawdown: AWF -60.0% vs FTCB -5.0%.
Should I hold both AWF and FTCB?
AWF and FTCB have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AWF and FTCB?
AWF and FTCB share 4 common holdings with a 0.2% weight overlap. Combined, they hold 1034 unique securities.
Which pays a higher dividend, AWF or FTCB?
AWF yields 6.92% while FTCB yields 5.24%, so AWF currently pays the higher dividend yield.
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