AFB vs. HMJIX
AFB (AllianceBernstein National Municipal Income Fund) and HMJIX (Hartford Municipal Short Duration Fund) are both Municipal Bonds funds. Over the past 10 years, AFB returned 1.28%/yr vs 1.57%/yr for HMJIX. Their 0.27 correlation means their historical movements had little consistent relationship. AFB charges 1.56%/yr vs 0.46%/yr for HMJIX.
Performance
AFB vs. HMJIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AFB achieves a 3.80% return, which is significantly higher than HMJIX's 0.32% return. Over the past 10 years, AFB has underperformed HMJIX with an annualized return of 1.28%, while HMJIX has yielded a comparatively higher 1.57% annualized return.
AFB
- 1D
- -0.27%
- 1M
- -4.48%
- 6M
- 2.19%
- YTD
- 3.80%
- 1Y
- 12.65%
- 3Y*
- 5.36%
- 5Y*
- -2.26%
- 10Y*
- 1.28%
- ALL TIME*
- 4.34%
HMJIX
- 1D
- -0.08%
- 1M
- -0.38%
- 6M
- -0.37%
- YTD
- 0.32%
- 1Y
- 1.68%
- 3Y*
- 2.80%
- 5Y*
- 1.09%
- 10Y*
- 1.57%
- ALL TIME*
- 1.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $822.75K | $888.16K | $1.06M | |
| $0.00 | $0.00 | $0.00 |
AFB vs. HMJIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AFB AllianceBernstein National Municipal Income Fund | 3.80% | 4.41% | 4.10% | 7.41% | -25.93% | 7.25% | 7.80% | 20.13% | -5.43% | 6.15% |
HMJIX Hartford Municipal Short Duration Fund | 0.32% | 3.69% | 2.33% | 3.56% | -3.75% | 0.71% | 2.72% | 4.16% | 1.62% | 2.56% |
Correlation
The correlation between AFB and HMJIX is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.27 |
The correlation between AFB and HMJIX shifts across timeframes, from 0.27 (all time) to 0.42 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AFB vs. HMJIX — Risk / Return Rank
AFB
HMJIX
AFB vs. HMJIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianceBernstein National Municipal Income Fund (AFB) and Hartford Municipal Short Duration Fund (HMJIX). 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.
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.
| AFB | HMJIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.44 | +0.79 |
| Martin ratioReturn relative to average drawdown | 7.64 | 3.62 | +4.03 |
Loading charts...
Drawdowns
AFB vs. HMJIX - Drawdown Comparison
The maximum AFB drawdown since its inception was -50.98%, which is greater than HMJIX's maximum drawdown of -7.02%. Use the drawdown chart below to compare losses from any high point for AFB and HMJIX.
Loading charts...
Drawdown Indicators
| AFB | HMJIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.98% | -7.02% | -43.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | -1.39% | -4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -1.71% | -13.39% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -6.26% | -28.91% |
Max Drawdown (10Y)Largest decline over 10 years | -35.17% | -7.02% | -28.15% |
Current DrawdownCurrent decline from peak | -11.61% | -1.01% | -10.60% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -1.01% | -7.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 0.55% | +1.18% |
Volatility
AFB vs. HMJIX - Volatility Comparison
AllianceBernstein National Municipal Income Fund (AFB) has a higher volatility of 2.67% compared to Hartford Municipal Short Duration Fund (HMJIX) at 0.31%. This indicates that AFB's price experiences larger fluctuations and is considered to be riskier than HMJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AFB | HMJIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 0.31% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 0.98% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.32% | 1.17% | +7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.04% | 1.54% | +9.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.23% | 1.80% | +9.43% |
AFB vs. HMJIX - Expense Ratio Comparison
AFB has a 1.56% expense ratio, which is higher than HMJIX's 0.46% expense ratio.
Dividends
AFB vs. HMJIX - Dividend Comparison
AFB's dividend yield for the trailing twelve months is around 5.37%, more than HMJIX's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFB AllianceBernstein National Municipal Income Fund | 5.37% | 4.72% | 3.83% | 3.62% | 5.26% | 4.32% | 4.18% | 3.93% | 4.53% | 4.71% | 5.34% | 5.80% |
HMJIX Hartford Municipal Short Duration Fund | 2.29% | 2.01% | 1.89% | 1.83% | 1.44% | 1.21% | 1.78% | 2.28% | 1.90% | 1.63% | 1.27% | 0.00% |
Frequently Asked Questions
AFB and HMJIX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFB has higher volatility (2.67%) compared to HMJIX (0.31%). In terms of maximum drawdown, AFB dropped -50.98% vs HMJIX's -7.02%.
HMJIX currently has the higher Sharpe Ratio (1.70 vs 1.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AFB and HMJIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer