AIDYX vs. USMTX

Last updated Jul 25, 2026

AIDYX (AB Intermediate Diversified Municipal Portfolio Advisor Class) and USMTX (JPMorgan Ultra-Short Municipal Fund) are both Municipal Bonds funds. Over the past 5 years, AIDYX returned 1.40%/yr vs 1.95%/yr for USMTX. At a 0.36 correlation, their price movements are largely independent. AIDYX charges 0.42%/yr vs 0.24%/yr for USMTX.

Performance

AIDYX vs. USMTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Intermediate Diversified Municipal Portfolio Advisor Class (AIDYX) and JPMorgan Ultra-Short Municipal Fund (USMTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIDYX achieves a 0.35% return, which is significantly lower than USMTX's 1.01% 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%

USMTX

• 1D: 0.00%
• 1M: 0.02%
• 6M: 0.71%
• YTD: 1.01%
• 1Y: 2.22%
• 3Y*: 3.02%
• 5Y*: 1.95%
• 10Y*: —
• ALL TIME*: 1.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIDYX AB Intermediate Diversified Municipal Portfolio Advisor Class	$0.00	$0.00	$0.00
USMTX JPMorgan Ultra-Short Municipal Fund	$0.00	$0.00	$0.00

AIDYX vs. USMTX - 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%
USMTX JPMorgan Ultra-Short Municipal Fund	1.01%	2.96%	3.30%	3.46%	-0.71%	-0.05%	1.07%	2.01%	1.32%	0.88%

Correlation

The correlation between AIDYX and USMTX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.36

The correlation between AIDYX and USMTX shifts across timeframes, from 0.33 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

AIDYX vs. USMTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIDYX

AIDYX Risk / Return Rank: 76
AIDYX Sharpe Ratio Rank: 91
AIDYX Sortino Ratio Rank: 93
AIDYX Omega Ratio Rank: 95
AIDYX Calmar Ratio Rank: 61
AIDYX Martin Ratio Rank: 42

USMTX

USMTX Risk / Return Rank: 99
USMTX Sharpe Ratio Rank: 99
USMTX Sortino Ratio Rank: 99
USMTX Omega Ratio Rank: 99
USMTX Calmar Ratio Rank: 98
USMTX Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIDYX vs. USMTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Intermediate Diversified Municipal Portfolio Advisor Class (AIDYX) and JPMorgan Ultra-Short Municipal Fund (USMTX). 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	USMTX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	3.64	-1.39
Sortino ratio: Return per unit of downside risk	3.58	7.02	-3.45
Omega ratio: Gain probability vs. loss probability	1.60	3.54	-1.94
Calmar ratio: Return relative to maximum drawdown	2.05	7.44	-5.39
Martin ratio: Return relative to average drawdown	6.03	39.79	-33.77

AIDYX vs. USMTX - Sharpe Ratio Comparison

The current AIDYX Sharpe Ratio is 2.25, which is lower than the USMTX Sharpe Ratio of 3.64. The chart below compares the historical Sharpe Ratios of AIDYX and USMTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIDYX vs. USMTX - Drawdown Comparison

The maximum AIDYX drawdown since its inception was -9.57%, which is greater than USMTX's maximum drawdown of -1.98%. Use the drawdown chart below to compare losses from any high point for AIDYX and USMTX.

Drawdown Indicators

	AIDYX	USMTX	Difference
Max Drawdown Largest peak-to-trough decline	-9.57%	-1.98%	-7.59%
Max Drawdown (1Y) Largest decline over 1 year	-2.02%	-0.30%	-1.72%
Max Drawdown (3Y) Largest decline over 3 years	-3.06%	-0.50%	-2.56%
Max Drawdown (5Y) Largest decline over 5 years	-9.15%	-1.92%	-7.23%
Max Drawdown (10Y) Largest decline over 10 years	-9.57%	—	—
Current Drawdown Current decline from peak	-1.51%	-0.10%	-1.41%
Average Drawdown Average peak-to-trough decline	-1.61%	-0.18%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	0.06%	+0.62%

Volatility

AIDYX vs. USMTX - Volatility Comparison

AB Intermediate Diversified Municipal Portfolio Advisor Class (AIDYX) has a higher volatility of 0.59% compared to JPMorgan Ultra-Short Municipal Fund (USMTX) at 0.23%. This indicates that AIDYX's price experiences larger fluctuations and is considered to be riskier than USMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIDYX	USMTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	0.23%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	1.46%	0.48%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	1.84%	0.61%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.46%	0.73%	+1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.71%	0.75%	+1.96%

AIDYX vs. USMTX - Expense Ratio Comparison

AIDYX has a 0.42% expense ratio, which is higher than USMTX's 0.24% expense ratio.

Dividends

AIDYX vs. USMTX - Dividend Comparison

AIDYX's dividend yield for the trailing twelve months is around 3.19%, more than USMTX's 2.50% 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%
USMTX JPMorgan Ultra-Short Municipal Fund	2.50%	2.62%	3.05%	2.58%	0.89%	0.25%	0.76%	1.49%	1.31%	0.78%	0.00%

Frequently Asked Questions

Can I hold both AIDYX and USMTX in my portfolio?

AIDYX and USMTX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIDYX or USMTX?

AIDYX has higher volatility (0.59%) compared to USMTX (0.23%). In terms of maximum drawdown, AIDYX dropped -9.57% vs USMTX's -1.98%.

Which has better risk-adjusted returns?

USMTX currently has the higher Sharpe Ratio (3.64 vs 2.25), 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.