AB Municipal Income Fund New York Portfolio (ALNYX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ALNYX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ALNYX
ALNYX charges 0.75% annually. There are 339 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | ALNYX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | ALNYX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | ALNYX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | ALNYX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | 0.00 | Jul 2019 | ALNYX vs FMBIX |
Best Risk-Adjusted Alternatives to ALNYX
ALNYX has a PortfoliosLab risk / return rank of 74. There are 163 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | ALNYX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | ALNYX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | ALNYX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | ALNYX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | — | May 2016 | ALNYX vs USMTX |
Top Performing ALNYX Alternatives (YTD)
ALNYX is at 1.96% YTD. There are 92 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.50% | — | Apr 1998 | ALNYX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 7.89% | — | Nov 2002 | ALNYX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 6.96% | — | Nov 2001 | ALNYX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.88% | — | Mar 1993 | ALNYX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 5.83% | — | Oct 1992 | ALNYX vs MIY |
Lowest Volatility Alternatives to ALNYX
ALNYX has 2.72% 1-year volatility. There are 253 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | ALNYX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | ALNYX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | ALNYX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | ALNYX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | ALNYX vs DFSMX |
Lowest Drawdown Alternatives to ALNYX
ALNYX has a 1-year max drawdown of -2.34%. There are 114 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | ALNYX vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | ALNYX vs FHMIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | ALNYX vs APUSX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | ALNYX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | ALNYX vs TFCYX |
Other Mutual Funds from AllianceBernstein
The 10 most viewed AllianceBernstein mutual funds shown here include APGAX, APGYX, APGZX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AB Large Cap Growth Fund Class A | Large Cap Growth Equities | 13 | 4.69% | — | Oct 1996 | ALNYX vs APGAX | |
| AB Large Cap Growth Fund Advisor Class | Large Cap Growth Equities | 14 | 4.80% | — | Jan 1996 | ALNYX vs APGYX | |
| AB Large Cap Growth Fund Class Z | Large Cap Growth Equities | 14 | 4.85% | — | Jul 2015 | ALNYX vs APGZX | |
| AB Growth Fund | Large Cap Growth Equities | 14 | 6.83% | — | Sep 1990 | ALNYX vs AGRFX | |
| AB Municipal Income Shares | High Yield Muni | 68 | 2.04% | — | Aug 2010 | ALNYX vs MISHX | |
| AB High Income Fund | High Yield Bonds | 67 | 1.78% | — | Feb 1994 | ALNYX vs AGDAX | |
| AB Income Fund | Intermediate Core-Plus Bond | 20 | 0.31% | — | Aug 1987 | ALNYX vs ACGYX | |
| AB Small Cap Growth Portfolio | Small Cap Growth Equities | 27 | 18.82% | — | Feb 1969 | ALNYX vs QUASX | |
| AllianceBernstein Global High Income Closed Fund | High Yield Bonds | 3 | -1.75% | — | Jul 1993 | ALNYX vs AWF | |
| AB Sustainable Global Thematic Fund | Global Equities | 7 | 4.84% | — | Feb 1982 | ALNYX vs ALTFX |
Often Compared With ALNYX
Investors most often compare ALNYX with VOO, BMN, FMNDX. These 11 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | S&P 500 | 74 | 11.34% | 1.60T | Sep 2010 | ALNYX vs VOO | |
| Blackrock 2037 Municipal Target Term Trust | Municipal Bonds | 13 | -0.18% | — | Oct 2022 | ALNYX vs BMN | |
| Fidelity Conservative Income Municipal Bond Fund I... | Municipal Bonds | 98 | 1.01% | — | Oct 2013 | ALNYX vs FMNDX | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 96 | 2.33% | — | Nov 2014 | ALNYX vs DMREX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 76 | 1.71% | — | Jun 2012 | ALNYX vs FXIEX | |
| Nuveen Pennsylvania Quality Municipal Income | Municipal Bonds | — | — | — | Feb 1991 | ALNYX vs NQP | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 27 | 4.64% | — | Feb 1998 | ALNYX vs MUC | |
| Nuveen Municipal Value Fund Inc. | Municipal Bonds | 39 | 1.90% | — | Apr 1987 | ALNYX vs NUV | |
| BlackRock MuniYield Quality Fund | Municipal Bonds | 17 | 3.64% | — | Jul 1992 | ALNYX vs MQY | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 51 | 5.41% | — | Mar 1998 | ALNYX vs MUJ | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | ALNYX vs FGNSX |
Compare ALNYX with Any Fund or Stock
Compare ALNYX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ALNYX with funds that move differently
AB Municipal Income Fund New York Portfolio alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ALNYX.
Explore ALNYX Diversifiers