ALTFX vs. ABIMX
ALTFX (AB Sustainable Global Thematic Fund) and ABIMX (AB Impact Municipal Income Shares) are both mutual funds - ALTFX is a Global Equities fund managed by AllianceBernstein, while ABIMX is a Municipal Bonds fund managed by AllianceBernstein. Over the past 5 years, ALTFX returned 1.81%/yr vs 0.85%/yr for ABIMX. At a 0.07 correlation, their price movements are largely independent. ALTFX charges 1.02%/yr vs 0.00%/yr for ABIMX.
Performance
ALTFX vs. ABIMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ALTFX having a 2.40% return and ABIMX slightly lower at 2.37%.
ALTFX
- 1D
- -2.21%
- 1M
- -0.44%
- YTD
- 2.40%
- 6M
- 1.28%
- 1Y
- 3.96%
- 3Y*
- 7.06%
- 5Y*
- 1.81%
- 10Y*
- 11.09%
ABIMX
- 1D
- -0.10%
- 1M
- 1.94%
- YTD
- 2.37%
- 6M
- 2.84%
- 1Y
- 8.52%
- 3Y*
- 4.49%
- 5Y*
- 0.85%
- 10Y*
- —
ALTFX vs. ABIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTFX AB Sustainable Global Thematic Fund | 2.40% | 6.22% | 5.94% | 15.97% | -27.19% | 22.64% | 39.40% | 33.60% | -9.86% | 6.64% |
ABIMX AB Impact Municipal Income Shares | 2.37% | 3.54% | 2.70% | 7.90% | -12.57% | 3.80% | 5.87% | 10.74% | 1.15% | 1.37% |
Correlation
The correlation between ALTFX and ABIMX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2017 | 0.07 |
The correlation between ALTFX and ABIMX shifts across timeframes, from 0.07 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ALTFX vs. ABIMX — Risk / Return Rank
ALTFX
ABIMX
ALTFX vs. ABIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Sustainable Global Thematic Fund (ALTFX) and AB Impact Municipal Income Shares (ABIMX). 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.
| ALTFX | ABIMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.57 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 2.41 | -2.06 |
| Martin ratioReturn relative to average drawdown | 1.04 | 8.75 | -7.71 |
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Drawdowns
ALTFX vs. ABIMX - Drawdown Comparison
The maximum ALTFX drawdown since its inception was -80.01%, which is greater than ABIMX's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for ALTFX and ABIMX.
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Drawdown Indicators
| ALTFX | ABIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.01% | -18.15% | -61.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -3.45% | -12.36% |
Max Drawdown (3Y)Largest decline over 3 years | -22.92% | -8.12% | -14.80% |
Max Drawdown (5Y)Largest decline over 5 years | -35.87% | -18.15% | -17.72% |
Max Drawdown (10Y)Largest decline over 10 years | -35.87% | — | — |
Current DrawdownCurrent decline from peak | -4.11% | -0.20% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -36.89% | -3.91% | -32.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 0.95% | +4.38% |
Volatility
ALTFX vs. ABIMX - Volatility Comparison
AB Sustainable Global Thematic Fund (ALTFX) has a higher volatility of 6.23% compared to AB Impact Municipal Income Shares (ABIMX) at 1.01%. This indicates that ALTFX's price experiences larger fluctuations and is considered to be riskier than ABIMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTFX | ABIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.23% | 1.01% | +5.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 2.68% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 3.53% | +11.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 5.16% | +13.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 5.26% | +12.73% |
ALTFX vs. ABIMX - Expense Ratio Comparison
ALTFX has a 1.02% expense ratio, which is higher than ABIMX's 0.00% expense ratio.
Dividends
ALTFX vs. ABIMX - Dividend Comparison
ALTFX's dividend yield for the trailing twelve months is around 13.21%, more than ABIMX's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ABIMX AB Impact Municipal Income Shares | 4.24% | 4.13% | 3.38% | 2.59% | 3.00% | 2.07% | 2.90% | 3.27% | 3.14% | 0.86% | 0.00% |
ALTFX AB Sustainable Global Thematic Fund | 13.21% | 13.53% | 8.18% | 0.03% | 2.61% | 9.99% | 7.23% | 6.01% | 8.36% | 0.00% | 4.05% |
Frequently Asked Questions
ALTFX and ABIMX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALTFX has higher volatility (6.23%) compared to ABIMX (1.01%). In terms of maximum drawdown, ALTFX dropped -80.01% vs ABIMX's -18.15%.
ABIMX currently has the higher Sharpe Ratio (2.36 vs 0.36), 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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