AIDYX vs. ALTFX
AIDYX (AB Intermediate Diversified Municipal Portfolio Advisor Class) and ALTFX (AB Sustainable Global Thematic Fund) are both mutual funds - AIDYX is a Municipal Bonds fund actively managed by AllianceBernstein, while ALTFX is a Global Equities fund managed by AllianceBernstein. Over the past 10 years, AIDYX returned 1.98%/yr vs 10.36%/yr for ALTFX. At a 0.06 correlation, their price movements are largely independent. AIDYX charges 0.42%/yr vs 1.02%/yr for ALTFX.
Performance
AIDYX vs. ALTFX - Performance Comparison
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Returns By Period
In the year-to-date period, AIDYX achieves a 0.35% return, which is significantly lower than ALTFX's 1.76% return. Over the past 10 years, AIDYX has underperformed ALTFX with an annualized return of 1.98%, while ALTFX has yielded a comparatively higher 10.36% annualized return.
AIDYX
- 1D
- -0.43%
- 1M
- -1.11%
- 6M
- -0.18%
- YTD
- 0.35%
- 1Y
- 4.11%
- 3Y*
- 3.69%
- 5Y*
- 1.40%
- 10Y*
- 1.98%
- ALL TIME*
- 2.09%
ALTFX
- 1D
- -0.89%
- 1M
- -0.74%
- 6M
- 0.58%
- YTD
- 1.76%
- 1Y
- 0.36%
- 3Y*
- 5.37%
- 5Y*
- 1.12%
- 10Y*
- 10.36%
- ALL TIME*
- 6.93%
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 |
AIDYX vs. ALTFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIDYX AB Intermediate Diversified Municipal Portfolio Advisor Class | 0.35% | 5.18% | 2.94% | 5.13% | -5.88% | 1.44% | 4.19% | 6.03% | 0.89% | 3.00% |
ALTFX AB Sustainable Global Thematic Fund | 1.76% | 6.22% | 5.94% | 15.97% | -27.19% | 22.64% | 39.40% | 33.60% | -9.86% | 37.16% |
Correlation
The correlation between AIDYX and ALTFX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.06 |
The correlation between AIDYX and ALTFX shifts across timeframes, from 0.06 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AIDYX vs. ALTFX — Risk / Return Rank
AIDYX
ALTFX
AIDYX vs. ALTFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Intermediate Diversified Municipal Portfolio Advisor Class (AIDYX) and AB Sustainable Global Thematic Fund (ALTFX). 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.
| AIDYX | ALTFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.46 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.01 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 0.00 | +2.05 |
| Martin ratioReturn relative to average drawdown | 6.03 | 0.01 | +6.02 |
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Drawdowns
AIDYX vs. ALTFX - Drawdown Comparison
The maximum AIDYX drawdown since its inception was -9.57%, smaller than the maximum ALTFX drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for AIDYX and ALTFX.
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Drawdown Indicators
| AIDYX | ALTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.57% | -80.01% | +70.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -15.81% | +13.79% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -22.92% | +19.86% |
Max Drawdown (5Y)Largest decline over 5 years | -9.15% | -35.87% | +26.72% |
Max Drawdown (10Y)Largest decline over 10 years | -9.57% | -35.87% | +26.30% |
Current DrawdownCurrent decline from peak | -1.51% | -4.71% | +3.20% |
Average DrawdownAverage peak-to-trough decline | -1.61% | -36.79% | +35.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 5.39% | -4.71% |
Volatility
AIDYX vs. ALTFX - Volatility Comparison
The current volatility for AB Intermediate Diversified Municipal Portfolio Advisor Class (AIDYX) is 0.59%, while AB Sustainable Global Thematic Fund (ALTFX) has a volatility of 4.27%. This indicates that AIDYX experiences smaller price fluctuations and is considered to be less risky than ALTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIDYX | ALTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 4.27% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 13.01% | -11.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 15.73% | -13.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.46% | 18.36% | -15.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.71% | 17.97% | -15.26% |
AIDYX vs. ALTFX - Expense Ratio Comparison
AIDYX has a 0.42% expense ratio, which is lower than ALTFX's 1.02% expense ratio.
Dividends
AIDYX vs. ALTFX - Dividend Comparison
AIDYX's dividend yield for the trailing twelve months is around 3.19%, less than ALTFX's 13.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AIDYX AB Intermediate Diversified Municipal Portfolio Advisor Class | 3.19% | 3.70% | 3.70% | 2.70% | 2.06% | 1.84% | 2.22% | 2.70% | 2.22% | 2.05% | 2.01% |
ALTFX AB Sustainable Global Thematic Fund | 13.29% | 13.53% | 8.18% | 0.03% | 2.61% | 9.99% | 7.23% | 6.01% | 8.36% | 0.00% | 4.05% |
Frequently Asked Questions
AIDYX and ALTFX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALTFX has higher volatility (4.27%) compared to AIDYX (0.59%). In terms of maximum drawdown, AIDYX dropped -9.57% vs ALTFX's -80.01%.
AIDYX currently has the higher Sharpe Ratio (2.25 vs 0.00), 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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