ALNYX vs. ALTFX

Last updated Jun 4, 2026

ALNYX (AB Municipal Income Fund New York Portfolio) and ALTFX (AB Sustainable Global Thematic Fund) are both mutual funds - ALNYX is a Municipal Bonds fund managed by AllianceBernstein, while ALTFX is a Global Equities fund managed by AllianceBernstein. Over the past 10 years, ALNYX returned 1.95%/yr vs 11.46%/yr for ALTFX. At a correlation of -0.05, they often move in opposite directions. ALNYX charges 0.75%/yr vs 1.02%/yr for ALTFX.

Performance

ALNYX vs. ALTFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Municipal Income Fund New York Portfolio (ALNYX) and AB Sustainable Global Thematic Fund (ALTFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALNYX achieves a 2.07% return, which is significantly lower than ALTFX's 5.73% return. Over the past 10 years, ALNYX has underperformed ALTFX with an annualized return of 1.95%, while ALTFX has yielded a comparatively higher 11.46% annualized return.

ALNYX

• 1D: 0.22%
• 1M: 0.72%
• YTD: 2.07%
• 6M: 2.36%
• 1Y: 7.08%
• 3Y*: 4.01%
• 5Y*: 0.87%
• 10Y*: 1.95%

ALTFX

• 1D: 0.54%
• 1M: 5.67%
• YTD: 5.73%
• 6M: 4.98%
• 1Y: 9.72%
• 3Y*: 8.78%
• 5Y*: 2.92%
• 10Y*: 11.46%

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

ALNYX vs. ALTFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALNYX AB Municipal Income Fund New York Portfolio	2.07%	4.23%	3.03%	5.01%	-10.25%	3.11%	3.30%	7.31%	0.34%	5.48%
ALTFX AB Sustainable Global Thematic Fund	5.73%	6.22%	5.94%	15.97%	-27.19%	22.64%	39.40%	33.60%	-9.86%	37.16%

Correlation

The correlation between ALNYX and ALTFX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jan 17, 1996	-0.05

The correlation between ALNYX and ALTFX shifts across timeframes, from -0.05 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

ALNYX vs. ALTFX — Risk / Return Rank

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

ALNYX

ALNYX Risk / Return Rank: 73
ALNYX Sharpe Ratio Rank: 78
ALNYX Sortino Ratio Rank: 87
ALNYX Omega Ratio Rank: 90
ALNYX Calmar Ratio Rank: 60
ALNYX Martin Ratio Rank: 50

ALTFX

ALTFX Risk / Return Rank: 8
ALTFX Sharpe Ratio Rank: 9
ALTFX Sortino Ratio Rank: 9
ALTFX Omega Ratio Rank: 9
ALTFX Calmar Ratio Rank: 6
ALTFX Martin Ratio Rank: 7

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.

ALNYX vs. ALTFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Fund New York Portfolio (ALNYX) 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.

	ALNYX	ALTFX	Difference
Sharpe ratio Return per unit of total volatility	2.57	0.71	+1.86
Sortino ratio Return per unit of downside risk	4.20	1.08	+3.12
Omega ratio Gain probability vs. loss probability	1.65	1.14	+0.51
Calmar ratio Return relative to maximum drawdown	2.99	0.65	+2.34
Martin ratio Return relative to average drawdown	10.25	1.94	+8.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALNYX vs. ALTFX - Sharpe Ratio Comparison

The current ALNYX Sharpe Ratio is 2.57, which is higher than the ALTFX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of ALNYX and ALTFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ALNYX	ALTFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	0.71	+1.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.16	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.64	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.28	+0.95

Drawdowns

ALNYX vs. ALTFX - Drawdown Comparison

The maximum ALNYX drawdown since its inception was -15.44%, smaller than the maximum ALTFX drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for ALNYX and ALTFX.

Drawdown Indicators

	ALNYX	ALTFX	Difference
Max Drawdown Largest peak-to-trough decline	-15.44%	-80.01%	+64.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.34%	-15.81%	+13.47%
Max Drawdown (3Y) Largest decline over 3 years	-6.07%	-22.92%	+16.85%
Max Drawdown (5Y) Largest decline over 5 years	-14.63%	-35.87%	+21.24%
Max Drawdown (10Y) Largest decline over 10 years	-14.63%	-35.87%	+21.24%
Current Drawdown Current decline from peak	0.00%	-0.99%	+0.99%
Average Drawdown Average peak-to-trough decline	-1.94%	-36.95%	+35.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	5.28%	-4.60%

Volatility

ALNYX vs. ALTFX - Volatility Comparison

The current volatility for AB Municipal Income Fund New York Portfolio (ALNYX) is 1.04%, while AB Sustainable Global Thematic Fund (ALTFX) has a volatility of 4.89%. This indicates that ALNYX 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.

Volatility by Period

	ALNYX	ALTFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	4.89%	-3.85%
Volatility (6M) Calculated over the trailing 6-month period	1.99%	11.56%	-9.57%
Volatility (1Y) Calculated over the trailing 1-year period	2.73%	14.48%	-11.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.79%	18.19%	-14.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.81%	18.05%	-14.24%

ALNYX vs. ALTFX - Expense Ratio Comparison

ALNYX has a 0.75% expense ratio, which is lower than ALTFX's 1.02% expense ratio.

Dividends

ALNYX vs. ALTFX - Dividend Comparison

ALNYX's dividend yield for the trailing twelve months is around 3.30%, less than ALTFX's 12.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALNYX AB Municipal Income Fund New York Portfolio	3.30%	4.31%	2.99%	2.56%	2.36%	1.70%	2.49%	2.89%	3.18%	2.88%	2.95%	3.16%
ALTFX AB Sustainable Global Thematic Fund	12.80%	13.53%	8.18%	0.03%	2.61%	9.99%	7.23%	6.01%	8.36%	0.00%	4.05%	0.00%

Frequently Asked Questions

Can I hold both ALNYX and ALTFX in my portfolio?

ALNYX and ALTFX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALNYX or ALTFX?

ALTFX has higher volatility (4.89%) compared to ALNYX (1.04%). In terms of maximum drawdown, ALNYX dropped -15.44% vs ALTFX's -80.01%.

Which has better risk-adjusted returns?

ALNYX currently has the higher Sharpe Ratio (2.57 vs 0.71), 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.