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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABTYX or FNWFX.
Key characteristics
| ABTYX | FNWFX | |
|---|---|---|
| YTD Return | -0.51% | 4.60% |
| 1Y Return | 2.29% | 13.48% |
| 3Y Return (Ann) | -2.25% | -1.68% |
| 5Y Return (Ann) | 1.28% | 6.46% |
| Sharpe Ratio | 0.40 | 1.16 |
| Daily Std Dev | 6.17% | 11.76% |
| Max Drawdown | -21.13% | -33.40% |
| Current Drawdown | -9.99% | -10.37% |
Correlation
The correlation between ABTYX and FNWFX is 0.05, 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.
Performance
ABTYX vs. FNWFX - Performance Comparison
In the year-to-date period, ABTYX achieves a -0.51% return, which is significantly lower than FNWFX's 4.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
ABTYX vs. FNWFX - Risk-Adjusted Performance 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.
Dividends
ABTYX vs. FNWFX - Dividend Comparison
ABTYX's dividend yield for the trailing twelve months is around 4.17%, more than FNWFX's 2.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | 4.17% | 4.13% | 4.30% | 3.31% | 3.73% | 3.94% | 4.60% | 4.18% | 4.47% | 4.69% | 4.98% | 5.68% |
FNWFX American Funds New World Fund Class F-3 | 2.75% | 2.88% | 1.33% | 7.32% | 0.43% | 4.04% | 2.70% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ABTYX vs. FNWFX - Drawdown Comparison
The maximum ABTYX drawdown since its inception was -21.13%, 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. For additional features, visit the drawdowns tool.
Volatility
ABTYX vs. FNWFX - Volatility Comparison
The current volatility for AB High Income Municipal Portfolio (ABTYX) is 1.20%, while American Funds New World Fund Class F-3 (FNWFX) has a volatility of 3.98%. 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.