ABTYX vs. FNWFX
Compare and contrast key facts about AB High Income Municipal Portfolio (ABTYX) and American Funds New World Fund Class F-3 (FNWFX).
ABTYX is managed by AllianceBernstein. It was launched on Jan 25, 2010. FNWFX is managed by American Funds. It was launched on Jun 17, 1999.
Performance
ABTYX vs. FNWFX - Performance Comparison
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ABTYX vs. FNWFX - 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% | 9.00% |
FNWFX American Funds New World Fund Class F-3 | -1.47% | 28.67% | 6.88% | 16.24% | -21.77% | 5.09% | 25.30% | 28.02% | -12.00% | 25.87% |
Returns By Period
In the year-to-date period, ABTYX achieves a -0.57% return, which is significantly higher than FNWFX's -1.47% 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%
FNWFX
- 1D
- 2.61%
- 1M
- -8.56%
- YTD
- -1.47%
- 6M
- 2.11%
- 1Y
- 24.01%
- 3Y*
- 13.87%
- 5Y*
- 4.79%
- 10Y*
- —
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ABTYX vs. FNWFX - Expense Ratio Comparison
ABTYX has a 0.53% expense ratio, which is lower than FNWFX's 0.57% expense ratio.
Return for Risk
ABTYX vs. FNWFX — Risk / Return Rank
ABTYX
FNWFX
ABTYX vs. FNWFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB High Income Municipal Portfolio (ABTYX) and American Funds New World Fund Class F-3 (FNWFX). 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 | FNWFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 1.59 | -1.07 |
Sortino ratioReturn per unit of downside risk | 0.73 | 2.19 | -1.47 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.83 | -1.13 |
Martin ratioReturn relative to average drawdown | 1.98 | 7.63 | -5.65 |
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 | FNWFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.59 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.32 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.59 | +0.36 |
Correlation
The correlation between ABTYX and FNWFX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ABTYX vs. FNWFX - Dividend Comparison
ABTYX's dividend yield for the trailing twelve months is around 4.66%, less than FNWFX's 6.18% 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% |
FNWFX American Funds New World Fund Class F-3 | 6.18% | 6.09% | 4.10% | 2.88% | 1.33% | 7.32% | 0.43% | 4.04% | 2.70% | 2.27% | 0.00% | 0.00% |
Drawdowns
ABTYX vs. FNWFX - Drawdown Comparison
The maximum ABTYX drawdown since its inception was -21.44%, smaller than the maximum FNWFX drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for ABTYX and FNWFX.
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Drawdown Indicators
| ABTYX | FNWFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.44% | -33.40% | +11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -13.00% | +6.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.44% | -33.40% | +11.96% |
Max Drawdown (10Y)Largest decline over 10 years | -21.44% | — | — |
Current DrawdownCurrent decline from peak | -3.15% | -10.73% | +7.58% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -8.80% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 3.13% | -0.65% |
Volatility
ABTYX vs. FNWFX - Volatility Comparison
The current volatility for AB High Income Municipal Portfolio (ABTYX) is 1.58%, while American Funds New World Fund Class F-3 (FNWFX) has a volatility of 7.09%. This indicates that ABTYX experiences smaller price fluctuations and is considered to be less risky than FNWFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ABTYX | FNWFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 7.09% | -5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 11.01% | -8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.19% | 15.62% | -8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 15.17% | -9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 16.32% | -10.72% |