AHYMX vs. TMNIX
AHYMX (abrdn Short Duration High Yield Municipal Fund) and TMNIX (Counterpoint Tactical Municipal Fund) are both High Yield Muni funds. Over the past 5 years, AHYMX returned -0.19%/yr vs 1.78%/yr for TMNIX. Their 0.50 correlation means their historical movements had little consistent relationship. AHYMX charges 0.68%/yr vs 1.00%/yr for TMNIX.
Performance
AHYMX vs. TMNIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AHYMX achieves a 0.62% return, which is significantly higher than TMNIX's 0.40% return.
AHYMX
- 1D
- 0.12%
- 1M
- -1.11%
- 6M
- 0.08%
- YTD
- 0.62%
- 1Y
- 4.05%
- 3Y*
- 2.50%
- 5Y*
- -0.19%
- 10Y*
- 1.39%
- ALL TIME*
- 2.25%
TMNIX
- 1D
- 0.00%
- 1M
- -1.95%
- 6M
- 0.04%
- YTD
- 0.40%
- 1Y
- 4.98%
- 3Y*
- 3.56%
- 5Y*
- 1.78%
- 10Y*
- —
- ALL TIME*
- 3.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AHYMX vs. TMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AHYMX abrdn Short Duration High Yield Municipal Fund | 0.62% | 2.91% | 4.07% | 1.56% | -9.36% | 4.06% | 1.81% | 5.23% | 0.44% |
TMNIX Counterpoint Tactical Municipal Fund | 0.40% | 2.56% | 3.92% | 6.85% | -3.12% | 2.96% | 6.73% | 8.70% | 0.12% |
Correlation
The correlation between AHYMX and TMNIX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018 | 0.50 |
The correlation between AHYMX and TMNIX has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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
AHYMX vs. TMNIX — Risk / Return Rank
AHYMX
TMNIX
AHYMX vs. TMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Short Duration High Yield Municipal Fund (AHYMX) and Counterpoint Tactical Municipal Fund (TMNIX). 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 | TMNIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.46 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.27 | +0.28 |
| Martin ratioReturn relative to average drawdown | 9.45 | 5.87 | +3.58 |
Loading charts...
Drawdowns
AHYMX vs. TMNIX - Drawdown Comparison
The maximum AHYMX drawdown since its inception was -11.53%, which is greater than TMNIX's maximum drawdown of -4.63%. Use the drawdown chart below to compare losses from any high point for AHYMX and TMNIX.
Loading charts...
Drawdown Indicators
| AHYMX | TMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.53% | -4.63% | -6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -2.26% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -4.61% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -11.53% | -4.61% | -6.92% |
Max Drawdown (10Y)Largest decline over 10 years | -11.53% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -1.95% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -1.46% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.87% | -0.34% |
Volatility
AHYMX vs. TMNIX - Volatility Comparison
The current volatility for abrdn Short Duration High Yield Municipal Fund (AHYMX) is 0.65%, while Counterpoint Tactical Municipal Fund (TMNIX) has a volatility of 0.78%. This indicates that AHYMX experiences smaller price fluctuations and is considered to be less risky than TMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AHYMX | TMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.78% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 2.08% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 2.70% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 3.06% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 2.68% | -0.06% |
AHYMX vs. TMNIX - Expense Ratio Comparison
AHYMX has a 0.68% expense ratio, which is lower than TMNIX's 1.00% expense ratio.
Dividends
AHYMX vs. TMNIX - Dividend Comparison
AHYMX's dividend yield for the trailing twelve months is around 4.59%, more than TMNIX's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYMX abrdn Short Duration High Yield Municipal Fund | 4.59% | 4.52% | 3.32% | 2.21% | 2.05% | 2.31% | 2.74% | 3.10% | 3.39% | 2.82% | 3.28% | 3.43% |
TMNIX Counterpoint Tactical Municipal Fund | 3.48% | 2.79% | 3.31% | 3.40% | 0.36% | 4.39% | 2.36% | 3.69% | 1.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AHYMX and TMNIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMNIX has higher volatility (0.78%) compared to AHYMX (0.65%). In terms of maximum drawdown, AHYMX dropped -11.53% vs TMNIX's -4.63%.
AHYMX currently has the higher Sharpe Ratio (1.93 vs 1.90), 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 AHYMX and TMNIX
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