AWF vs KF
AWF vs KF
AllianceBernstein Global High Income Fund vs The Korea Fund, Inc.
Quick Verdict
KF delivered stronger 1-year returns. AWF offers more diversification with 707 holdings.
Side-by-Side Comparison
| Metric | AWF | KF | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | - | |
| AUM | $969M | $285M | |
| Dividend Yield | 6.92% | 1.57% | |
| Holdings | 1,273 | 52 | |
| YTD Return | -1.51% | +55.19% | |
| 1Y Return | -2.78% | +121.76% | |
| 3Y Return (annualized) | +8.35% | +40.09% | |
| 5Y Return (annualized) | +3.44% | +15.19% | |
| Volatility (annualized) | 18.2% | 43.4% | |
| Max Drawdown | -60.0% | -77.0% | |
| Fund Family | AllianceBernstein L.P. | The Korea Fund, Inc. (KF) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 28, 1993 | Aug 29, 1984 |
AWF vs KF Performance
AllianceBernstein Global High Income Fund (AWF) is a ETF from AllianceBernstein L.P. and The Korea Fund, Inc. (KF) is a ETF from The Korea Fund, Inc. (KF). Over the past year AWF returned -2.78% while KF returned +121.76%. Year to date, AWF is down 1.51% versus a gain of 55.19% for KF.
Over three years, AWF compounded at +8.35% per year against +40.09% for KF; over five years the annualized figures are +3.44% and +15.19% respectively. Across the full 31-year window we track, KF has the edge at +16.27% annualized vs +0.90%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KF has been the more volatile fund, with annualized monthly volatility of 43.4% compared with 18.2% for AWF. 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 -77.0% for KF. 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.
Holdings Overlap
AWF and KF share 0 holdings out of 756 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, AWF or KF?
Over the past year AWF returned -2.78% vs +121.76% for KF, so KF leads on 1-year performance. Over the longest common window we track (31 years), AWF annualized +0.90% vs +16.27% for KF. Past performance does not guarantee future results.
Which is riskier, AWF or KF?
KF has been the more volatile fund at 43.4% annualized versus 18.2% for AWF. Worst drawdown: AWF -60.0% vs KF -77.0%.
Should I hold both AWF and KF?
AWF and KF 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 KF?
AWF and KF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 756 unique securities.
Which pays a higher dividend, AWF or KF?
AWF yields 6.92% while KF yields 1.57%, so AWF currently pays the higher dividend yield.
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