AWF vs HFXI
AllianceBernstein Global High Income Fund vs NYLI FTSE International Equity Currency Neutral ETF
Quick Verdict
HFXI has a lower expense ratio. HFXI delivered stronger 1-year returns. AWF offers more diversification with 1,273 holdings.
Side-by-Side Comparison
| Metric | AWF | HFXI | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.20% | |
| AUM | $973M | $2.1B | |
| Dividend Yield | 6.98% | 3.39% | |
| Holdings | 1,273 | 876 | |
| YTD Return | -0.48% | +18.25% | |
| 1Y Return | -2.11% | +31.21% | |
| 3Y Return (annualized) | +8.83% | +21.56% | |
| 5Y Return (annualized) | +3.72% | +12.46% | |
| Volatility (annualized) | 18.2% | 13.9% | |
| Max Drawdown | -60.0% | -34.2% | |
| Fund Family | AllianceBernstein L.P. | INDEXIQ ETF TRUST | |
| Category | Fixed Income | Equity | |
| Inception | Jul 28, 1993 | Jul 22, 2015 |
AWF vs HFXI Performance
AllianceBernstein Global High Income Fund (AWF) is a ETF from AllianceBernstein L.P. and NYLI FTSE International Equity Currency Neutral ETF (HFXI) is a ETF from INDEXIQ ETF TRUST. Over the past year AWF returned -2.11% while HFXI returned +31.21%. Year to date, AWF is down 0.48% versus a gain of 18.25% for HFXI.
Over three years, AWF compounded at +8.83% per year against +21.56% for HFXI; over five years the annualized figures are +3.72% and +12.46% respectively. Across the full 11-year window we track, HFXI has the edge at +8.01% annualized vs +0.93%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AWF has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 13.9% for HFXI. 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 -34.2% for HFXI. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AWF charges 1.00% per year while HFXI charges 0.20%. On a $10,000 position that is $100 vs $20 annually, a gap of $80 per year that compounds over a long holding period. On income, AWF currently yields 6.98% against 3.39% for HFXI.
Holdings Overlap
AWF and HFXI share 0 holdings out of 1449 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 HFXI?
AWF has an expense ratio of 1.00% while HFXI charges 0.20%. HFXI is the cheaper option. On a $10,000 investment, that is $80 per year of difference.
Which performed better, AWF or HFXI?
Over the past year AWF returned -2.11% vs +31.21% for HFXI, so HFXI leads on 1-year performance. Over the longest common window we track (11 years), AWF annualized +0.93% vs +8.01% for HFXI. Past performance does not guarantee future results.
Which is riskier, AWF or HFXI?
AWF has been the more volatile fund at 18.2% annualized versus 13.9% for HFXI. Worst drawdown: AWF -60.0% vs HFXI -34.2%.
Should I hold both AWF and HFXI?
AWF and HFXI have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AWF and HFXI?
AWF and HFXI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1449 unique securities.
Which pays a higher dividend, AWF or HFXI?
AWF yields 6.98% while HFXI yields 3.39%, so AWF currently pays the higher dividend yield.
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