AHYMX vs. ABTYX
AHYMX (abrdn Short Duration High Yield Municipal Fund) and ABTYX (AB High Income Municipal Portfolio) are both High Yield Muni funds. Over the past 10 years, AHYMX returned 1.52%/yr vs 2.77%/yr for ABTYX. A 0.71 correlation means they provide meaningful diversification when combined. AHYMX charges 0.68%/yr vs 0.53%/yr for ABTYX.
Performance
AHYMX vs. ABTYX - Performance Comparison
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Returns By Period
In the year-to-date period, AHYMX achieves a 1.18% return, which is significantly lower than ABTYX's 2.42% return. Over the past 10 years, AHYMX has underperformed ABTYX with an annualized return of 1.52%, while ABTYX has yielded a comparatively higher 2.77% annualized return.
AHYMX
- 1D
- 0.00%
- 1M
- 1.23%
- YTD
- 1.18%
- 6M
- 1.87%
- 1Y
- 4.90%
- 3Y*
- 2.82%
- 5Y*
- 0.13%
- 10Y*
- 1.52%
ABTYX
- 1D
- -0.10%
- 1M
- 2.24%
- YTD
- 2.42%
- 6M
- 3.02%
- 1Y
- 8.57%
- 3Y*
- 5.23%
- 5Y*
- 0.63%
- 10Y*
- 2.77%
AHYMX vs. ABTYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHYMX abrdn Short Duration High Yield Municipal Fund | 1.18% | 2.91% | 4.07% | 1.56% | -9.36% | 4.06% | 1.81% | 5.23% | 1.50% | 4.19% |
ABTYX AB High Income Municipal Portfolio | 2.42% | 5.88% | 4.64% | 5.49% | -15.49% | 5.73% | 5.08% | 11.31% | 1.02% | 10.22% |
Correlation
The correlation between AHYMX and ABTYX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.71 |
The correlation between AHYMX and ABTYX has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
AHYMX vs. ABTYX — Risk / Return Rank
AHYMX
ABTYX
AHYMX vs. ABTYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Short Duration High Yield Municipal Fund (AHYMX) and AB High Income Municipal Portfolio (ABTYX). 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.
| AHYMX | ABTYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.49 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.28 | +0.20 |
| Martin ratioReturn relative to average drawdown | 8.83 | 7.67 | +1.16 |
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Drawdowns
AHYMX vs. ABTYX - Drawdown Comparison
The maximum AHYMX drawdown since its inception was -11.53%, smaller than the maximum ABTYX drawdown of -21.44%. Use the drawdown chart below to compare losses from any high point for AHYMX and ABTYX.
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Drawdown Indicators
| AHYMX | ABTYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.53% | -21.44% | +9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -3.82% | +1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -9.37% | +4.84% |
Max Drawdown (5Y)Largest decline over 5 years | -11.53% | -21.44% | +9.91% |
Max Drawdown (10Y)Largest decline over 10 years | -11.53% | -21.44% | +9.91% |
Current DrawdownCurrent decline from peak | -0.42% | -0.23% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -3.95% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 1.13% | -0.57% |
Volatility
AHYMX vs. ABTYX - Volatility Comparison
The current volatility for abrdn Short Duration High Yield Municipal Fund (AHYMX) is 0.90%, while AB High Income Municipal Portfolio (ABTYX) has a volatility of 1.01%. This indicates that AHYMX experiences smaller price fluctuations and is considered to be less risky than ABTYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHYMX | ABTYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 1.01% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 2.90% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.65% | 3.88% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 6.07% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.61% | 5.63% | -3.02% |
AHYMX vs. ABTYX - Expense Ratio Comparison
AHYMX has a 0.68% expense ratio, which is higher than ABTYX's 0.53% expense ratio.
Dividends
AHYMX vs. ABTYX - Dividend Comparison
AHYMX's dividend yield for the trailing twelve months is around 4.56%, which matches ABTYX's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | 4.60% | 5.93% | 4.15% | 3.10% | 3.91% | 2.59% | 3.70% | 4.27% | 4.60% | 4.20% | 4.48% | 4.69% |
AHYMX abrdn Short Duration High Yield Municipal Fund | 4.56% | 4.52% | 3.32% | 2.21% | 2.05% | 2.31% | 2.74% | 3.10% | 3.39% | 2.82% | 3.28% | 3.43% |
Frequently Asked Questions
AHYMX and ABTYX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABTYX has higher volatility (1.01%) compared to AHYMX (0.90%). In terms of maximum drawdown, AHYMX dropped -11.53% vs ABTYX's -21.44%.
ABTYX currently has the higher Sharpe Ratio (2.25 vs 1.86), 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.
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