ABTYX vs. ALTFX
Compare and contrast key facts about AB High Income Municipal Portfolio (ABTYX) and AB Sustainable Global Thematic Fund (ALTFX).
ABTYX is managed by AllianceBernstein. It was launched on Jan 25, 2010. ALTFX is managed by AllianceBernstein. It was launched on Feb 28, 1982.
Performance
ABTYX vs. ALTFX - Performance Comparison
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ABTYX vs. ALTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | -0.57% | 5.88% | 4.64% | 5.49% | -15.49% | 5.73% | 5.08% | 11.31% | 1.02% | 10.22% |
ALTFX AB Sustainable Global Thematic Fund | -7.97% | 6.22% | 5.94% | 15.97% | -27.19% | 22.64% | 39.40% | 33.60% | -9.86% | 37.16% |
Returns By Period
In the year-to-date period, ABTYX achieves a -0.57% return, which is significantly higher than ALTFX's -7.97% return. Over the past 10 years, ABTYX has underperformed ALTFX with an annualized return of 2.84%, while ALTFX has yielded a comparatively higher 9.98% annualized return.
ABTYX
- 1D
- 0.40%
- 1M
- -2.69%
- YTD
- -0.57%
- 6M
- 1.07%
- 1Y
- 3.26%
- 3Y*
- 4.18%
- 5Y*
- 0.61%
- 10Y*
- 2.84%
ALTFX
- 1D
- 3.28%
- 1M
- -6.78%
- YTD
- -7.97%
- 6M
- -10.86%
- 1Y
- 4.24%
- 3Y*
- 4.37%
- 5Y*
- 0.58%
- 10Y*
- 9.98%
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ABTYX vs. ALTFX - Expense Ratio Comparison
ABTYX has a 0.53% expense ratio, which is lower than ALTFX's 1.02% expense ratio.
Return for Risk
ABTYX vs. ALTFX — Risk / Return Rank
ABTYX
ALTFX
ABTYX vs. ALTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB High Income Municipal Portfolio (ABTYX) and AB Sustainable Global Thematic Fund (ALTFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ABTYX | ALTFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 0.24 | +0.28 |
Sortino ratioReturn per unit of downside risk | 0.73 | 0.47 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.27 | +0.44 |
Martin ratioReturn relative to average drawdown | 1.98 | 0.85 | +1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ABTYX | ALTFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.24 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.03 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.56 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.26 | +0.69 |
Correlation
The correlation between ABTYX and ALTFX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ABTYX vs. ALTFX - Dividend Comparison
ABTYX's dividend yield for the trailing twelve months is around 4.66%, less than ALTFX's 14.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | 4.66% | 5.93% | 4.15% | 3.10% | 3.91% | 2.59% | 3.70% | 4.27% | 4.60% | 4.20% | 4.48% | 4.69% |
ALTFX AB Sustainable Global Thematic Fund | 14.70% | 13.53% | 8.18% | 0.03% | 2.61% | 9.99% | 7.23% | 6.01% | 8.36% | 0.00% | 4.05% | 0.00% |
Drawdowns
ABTYX vs. ALTFX - Drawdown Comparison
The maximum ABTYX drawdown since its inception was -21.44%, smaller than the maximum ALTFX drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for ABTYX and ALTFX.
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Drawdown Indicators
| ABTYX | ALTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.44% | -80.01% | +58.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -15.81% | +8.91% |
Max Drawdown (5Y)Largest decline over 5 years | -21.44% | -35.87% | +14.43% |
Max Drawdown (10Y)Largest decline over 10 years | -21.44% | -35.87% | +14.43% |
Current DrawdownCurrent decline from peak | -3.15% | -13.82% | +10.67% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -37.13% | +33.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 4.99% | -2.51% |
Volatility
ABTYX vs. ALTFX - Volatility Comparison
The current volatility for AB High Income Municipal Portfolio (ABTYX) is 1.58%, while AB Sustainable Global Thematic Fund (ALTFX) has a volatility of 6.65%. This indicates that ABTYX experiences smaller price fluctuations and is considered to be less risky than ALTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABTYX | ALTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 6.65% | -5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 11.16% | -8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.19% | 18.78% | -11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 18.16% | -12.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 17.99% | -12.39% |