Asset Comparison and Correlation

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.