- ISIN
- US0030223400
- CUSIP
- 003022340
- Issuer
- Aberdeen
- Inception Date
- May 30, 2013
- Category
- High Yield Muni
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
AHYMX Performance Chart
abrdn Short Duration High Yield Municipal Fund (AHYMX) is up 1.2% since the beginning of the year. AHYMX is currently trading at $9 per share. Investors who bought $1,000 worth of AHYMX shares 5 years ago would now be looking at an investment worth $1,007.
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Returns By Period
abrdn Short Duration High Yield Municipal Fund (AHYMX) has returned 1.18% so far this year and 4.90% over the past 12 months. Over the last ten years, AHYMX has returned 1.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
abrdn Short Duration High Yield Municipal Fund
- 1D
- 0.00%
- 1M
- 1.23%
- YTD
- 1.18%
- 6M
- 1.87%
- 1Y
- 4.90%
- 3Y*
- 2.90%
- 5Y*
- 0.13%
- 10Y*
- 1.53%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AHYMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2014, AHYMX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.
Historically, 70% of months were positive and 30% were negative. The best month was Nov 2023 with a return of +2.2%, while the worst month was Mar 2020 at -4.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, AHYMX closed higher 26% of trading days. The best single day was Apr 10, 2025 with a return of +1.6%, while the worst single day was Mar 12, 2020 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.54% | 0.79% | -1.17% | 1.04% | -0.23% | 0.22% | 1.18% | ||||||
| 2025 | 0.55% | 1.33% | -1.39% | -0.85% | -0.46% | 0.55% | -0.52% | 0.56% | 1.96% | 0.04% | 0.80% | 0.35% | 2.91% |
| 2024 | 0.28% | -0.05% | 0.61% | -0.59% | 0.29% | 1.55% | 0.55% | 0.55% | 0.77% | -0.23% | 1.07% | -0.76% | 4.07% |
| 2023 | 1.32% | -1.18% | 0.55% | 0.22% | -0.21% | 0.80% | 0.14% | -1.74% | -0.97% | -1.12% | 2.19% | 1.64% | 1.56% |
| 2022 | -1.86% | -0.69% | -2.40% | -1.94% | 0.31% | -1.88% | 1.60% | -1.64% | -2.33% | -0.63% | 2.01% | -0.21% | -9.36% |
| 2021 | 1.20% | -0.65% | 0.50% | 0.70% | 0.78% | 0.88% | 0.76% | -0.11% | -0.79% | -0.22% | 0.76% | 0.18% | 4.06% |
Benchmark Metrics
abrdn Short Duration High Yield Municipal Fund has an annualized alpha of 2.18%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.83%) than losses (8.75%) - typical of diversified or defensive assets.
- Beta of 0.01 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.18%
- Beta
- 0.01
- R²
- 0.01
- Upside Capture
- 10.83%
- Downside Capture
- 8.75%
Expense Ratio
AHYMX has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AHYMX ranks 57 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for abrdn Short Duration High Yield Municipal Fund (AHYMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AHYMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.78 | -0.24 |
| Martin ratioReturn relative to average drawdown | 9.04 | 12.44 | -3.40 |
Dividends
Dividend History
abrdn Short Duration High Yield Municipal Fund provided a 4.56% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.30 | $0.20 | $0.19 | $0.24 | $0.28 | $0.32 | $0.34 | $0.29 | $0.33 | $0.35 |
Dividend yield | 4.56% | 4.52% | 3.32% | 2.21% | 2.05% | 2.31% | 2.74% | 3.10% | 3.39% | 2.82% | 3.28% | 3.43% |
Monthly Dividends
The table displays the monthly dividend distributions for abrdn Short Duration High Yield Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.16 | ||||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.41 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.00 | $0.02 | $0.03 | $0.20 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the abrdn Short Duration High Yield Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the abrdn Short Duration High Yield Municipal Fund was 11.53%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current abrdn Short Duration High Yield Municipal Fund drawdown is 0.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -11.53%Oct 2022 | 1y 2mo | — | 4y 10moAug 2021 - now |
COVID crash2020 | -7.43%Mar 2020 | 14d | 9mo 6d | 9mo 20dMar 2020 - Dec 2020 |
2016 pullback2016 | -2.69%Dec 2016 | 2mo 19d | 4mo 26d | 7mo 15dOct 2016 - May 2017 |
Rate-hike selloffLate 2018 | -1.22%Nov 2018 | 2mo 11d | 2mo 17d | 4mo 28dSep 2018 - Jan 2019 |
2021 pullback2021 | -1.07%Feb 2021 | 8d | 1mo 17d | 1mo 25dFeb 2021 - Apr 2021 |
Drawdown Indicators
| AHYMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.53% | -56.78% | +45.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -9.10% | +7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -18.90% | +14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -11.53% | -25.43% | +13.90% |
Max Drawdown (10Y)Largest decline over 10 years | -11.53% | -33.92% | +22.39% |
Current DrawdownCurrent decline from peak | -0.42% | -1.80% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -10.71% | +8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 2.03% | -1.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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