AWF vs FTKI
AllianceBernstein Global High Income Fund vs First Trust Small Cap BuyWrite Income ETF
Quick Verdict
FTKI has a lower expense ratio. FTKI delivered stronger 1-year returns. AWF offers more diversification with 707 holdings.
Side-by-Side Comparison
| Metric | AWF | FTKI | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.85% | |
| AUM | $969M | $25M | |
| Dividend Yield | 6.92% | 12.53% | |
| Holdings | 1,273 | 170 | |
| YTD Return | -0.83% | +14.48% | |
| 1Y Return | -2.37% | +20.91% | |
| 3Y Return (annualized) | +8.49% | - | |
| 5Y Return (annualized) | +3.60% | - | |
| Volatility (annualized) | 18.2% | 10.3% | |
| Max Drawdown | -60.0% | -15.2% | |
| Fund Family | AllianceBernstein L.P. | First Trust Portfolios (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 28, 1993 | Feb 26, 2025 |
AWF vs FTKI Performance
AllianceBernstein Global High Income Fund (AWF) is a ETF from AllianceBernstein L.P. and First Trust Small Cap BuyWrite Income ETF (FTKI) is a ETF from First Trust Portfolios (US). Over the past year AWF returned -2.37% while FTKI returned +20.91%. Year to date, AWF is down 0.83% versus a gain of 14.48% for FTKI.
Risk: Volatility and Drawdowns
AWF has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 10.3% for FTKI. 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 -15.2% for FTKI. 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AWF charges 1.00% per year while FTKI charges 0.85%. On a $10,000 position that is $100 vs $85 annually, a gap of $15 per year that compounds over a long holding period. On income, AWF currently yields 6.92% against 12.53% for FTKI.
Holdings Overlap
AWF and FTKI share 0 holdings out of 851 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AWF or FTKI?
AWF has an expense ratio of 1.00% while FTKI charges 0.85%. FTKI is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, AWF or FTKI?
Over the past year AWF returned -2.37% vs +20.91% for FTKI, so FTKI leads on 1-year performance. Over the longest common window we track (2 years), AWF annualized +0.92% vs +13.55% for FTKI. Past performance does not guarantee future results.
Which is riskier, AWF or FTKI?
AWF has been the more volatile fund at 18.2% annualized versus 10.3% for FTKI. Worst drawdown: AWF -60.0% vs FTKI -15.2%.
Should I hold both AWF and FTKI?
AWF and FTKI have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AWF and FTKI?
AWF and FTKI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 851 unique securities.
Which pays a higher dividend, AWF or FTKI?
AWF yields 6.92% while FTKI yields 12.53%, so FTKI currently pays the higher dividend yield.
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