Asset Comparison and Correlation
|S&P 500 vs AllianceBernstein Income Fund|
Assuming 30 trading days horizon, S&P 500 is expected to generate 1.63 times more return on investment than AllianceBern. However, SP 500 is 1.63 times more volatile than AllianceBernstein Income Fund Inc. It trades about 0.39 of its potential returns per unit of risk. AllianceBernstein Income Fund Inc is currently generating about -0.23 per unit of risk. If you would invest 157,879 in S&P 500 on April 23, 2013 and sell it today you would earn a total of 7,656 from holding S&P 500 or generate 4.85% return on investment over 30 days.
Match ups for SP 500
Over the last 30 days AllianceBernstein Income Fund Inc has generated negative risk-adjusted returns adding no value to investors with long positions.
Match ups for AllianceBern