AWF vs VOO
AllianceBernstein Global High Income Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. AWF offers more diversification with 707 holdings.
Side-by-Side Comparison
| Metric | AWF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.03% | |
| AUM | $969M | $979.0B | |
| Dividend Yield | 6.92% | 1.09% | |
| Holdings | 1,273 | 509 | |
| YTD Return | -0.83% | +13.44% | |
| 1Y Return | -2.37% | +22.62% | |
| 3Y Return (annualized) | +8.50% | +21.47% | |
| 5Y Return (annualized) | +3.66% | +13.27% | |
| Volatility (annualized) | 18.2% | 14.1% | |
| Max Drawdown | -60.0% | -34.3% | |
| Fund Family | AllianceBernstein L.P. | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 28, 1993 | Sep 7, 2010 |
AWF vs VOO Performance
AllianceBernstein Global High Income Fund (AWF) is a ETF from AllianceBernstein L.P. and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year AWF returned -2.37% while VOO returned +22.62%. Year to date, AWF is down 0.83% versus a gain of 13.44% for VOO.
Over three years, AWF compounded at +8.50% per year against +21.47% for VOO; over five years the annualized figures are +3.66% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs +0.92%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AWF charges 1.00% per year while VOO charges 0.03%. On a $10,000 position that is $100 vs $3 annually, a gap of $97 per year that compounds over a long holding period. On income, AWF currently yields 6.92% against 1.09% for VOO.
Holdings Overlap
AWF and VOO share 0 holdings out of 1212 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 VOO?
AWF has an expense ratio of 1.00% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, AWF or VOO?
Over the past year AWF returned -2.37% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), AWF annualized +0.92% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, AWF or VOO?
AWF has been the more volatile fund at 18.2% annualized versus 14.1% for VOO. Worst drawdown: AWF -60.0% vs VOO -34.3%.
Should I hold both AWF and VOO?
AWF and VOO have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AWF and VOO?
AWF and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1212 unique securities.
Which pays a higher dividend, AWF or VOO?
AWF yields 6.92% while VOO yields 1.09%, so AWF currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.