ALTFX vs. ABTYX
ALTFX (AB Sustainable Global Thematic Fund) and ABTYX (AB High Income Municipal Portfolio) are both mutual funds - ALTFX is a Global Equities fund managed by AllianceBernstein, while ABTYX is a High Yield Muni fund managed by AllianceBernstein. Over the past 10 years, ALTFX returned 10.03%/yr vs 2.58%/yr for ABTYX. Their 0.00 correlation means their historical movements had little consistent relationship. ALTFX charges 1.02%/yr vs 0.53%/yr for ABTYX.
Performance
ALTFX vs. ABTYX - Performance Comparison
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Returns By Period
In the year-to-date period, ALTFX achieves a -0.37% return, which is significantly lower than ABTYX's 1.23% return. Over the past 10 years, ALTFX has outperformed ABTYX with an annualized return of 10.03%, while ABTYX has yielded a comparatively lower 2.58% annualized return.
ALTFX
- 1D
- -1.66%
- 1M
- -4.77%
- 6M
- -1.81%
- YTD
- -0.37%
- 1Y
- -0.99%
- 3Y*
- 4.39%
- 5Y*
- 0.55%
- 10Y*
- 10.03%
- ALL TIME*
- 6.86%
ABTYX
- 1D
- -0.10%
- 1M
- -2.21%
- 6M
- 1.13%
- YTD
- 1.23%
- 1Y
- 8.54%
- 3Y*
- 5.10%
- 5Y*
- 0.09%
- 10Y*
- 2.58%
- ALL TIME*
- 4.72%
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 |
ALTFX vs. ABTYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTFX AB Sustainable Global Thematic Fund | -0.37% | 6.22% | 5.94% | 15.97% | -27.19% | 22.64% | 39.40% | 33.60% | -9.86% | 37.16% |
ABTYX AB High Income Municipal Portfolio | 1.23% | 5.88% | 4.64% | 5.49% | -15.49% | 5.73% | 5.08% | 11.31% | 1.02% | 10.22% |
Correlation
The correlation between ALTFX and ABTYX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2010 | 0.00 |
Over the past year, ALTFX and ABTYX have become more correlated (0.24) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
ALTFX vs. ABTYX — Risk / Return Rank
ALTFX
ABTYX
ALTFX vs. ABTYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Sustainable Global Thematic Fund (ALTFX) and AB High Income Municipal Portfolio (ABTYX). 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 | ABTYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.46 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 2.19 | -2.29 |
| Martin ratioReturn relative to average drawdown | -0.30 | 7.33 | -7.64 |
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Drawdowns
ALTFX vs. ABTYX - Drawdown Comparison
The maximum ALTFX drawdown since its inception was -80.01%, which is greater than ABTYX's maximum drawdown of -21.44%. Use the drawdown chart below to compare losses from any high point for ALTFX and ABTYX.
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Drawdown Indicators
| ALTFX | ABTYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.01% | -21.44% | -58.57% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -3.82% | -11.99% |
Max Drawdown (3Y)Largest decline over 3 years | -22.92% | -8.56% | -14.36% |
Max Drawdown (5Y)Largest decline over 5 years | -35.87% | -21.44% | -14.43% |
Max Drawdown (10Y)Largest decline over 10 years | -35.87% | -21.44% | -14.43% |
Current DrawdownCurrent decline from peak | -6.70% | -2.21% | -4.49% |
Average DrawdownAverage peak-to-trough decline | -36.78% | -3.93% | -32.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 1.14% | +4.27% |
Volatility
ALTFX vs. ABTYX - Volatility Comparison
AB Sustainable Global Thematic Fund (ALTFX) has a higher volatility of 4.28% compared to AB High Income Municipal Portfolio (ABTYX) at 1.27%. This indicates that ALTFX's price experiences larger fluctuations and is considered to be riskier than ABTYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTFX | ABTYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 1.27% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 3.08% | +9.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 3.92% | +11.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 6.09% | +12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 5.63% | +12.35% |
ALTFX vs. ABTYX - Expense Ratio Comparison
ALTFX has a 1.02% expense ratio, which is higher than ABTYX's 0.53% expense ratio.
Dividends
ALTFX vs. ABTYX - Dividend Comparison
ALTFX's dividend yield for the trailing twelve months is around 13.58%, more than ABTYX's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | 4.71% | 5.93% | 4.15% | 3.10% | 3.91% | 2.59% | 3.70% | 4.27% | 4.60% | 4.20% | 4.48% | 4.69% |
ALTFX AB Sustainable Global Thematic Fund | 13.58% | 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
ALTFX and ABTYX 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 (4.28%) compared to ABTYX (1.27%). In terms of maximum drawdown, ALTFX dropped -80.01% vs ABTYX's -21.44%.
ABTYX currently has the higher Sharpe Ratio (2.14 vs -0.10), 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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