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 10.77%/yr vs 2.73%/yr for ABTYX. At a 0.00 correlation, their price movements are largely independent. ALTFX charges 1.02%/yr vs 0.53%/yr for ABTYX.
Performance
ALTFX vs. ABTYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ALTFX achieves a 3.52% return, which is significantly higher than ABTYX's 2.92% return. Over the past 10 years, ALTFX has outperformed ABTYX with an annualized return of 10.77%, while ABTYX has yielded a comparatively lower 2.73% annualized return.
ALTFX
- 1D
- 0.59%
- 1M
- 4.36%
- 6M
- 1.60%
- YTD
- 3.52%
- 1Y
- 2.77%
- 3Y*
- 6.81%
- 5Y*
- 1.67%
- 10Y*
- 10.77%
ABTYX
- 1D
- 0.10%
- 1M
- 0.78%
- 6M
- 2.32%
- YTD
- 2.92%
- 1Y
- 8.92%
- 3Y*
- 5.93%
- 5Y*
- 0.51%
- 10Y*
- 2.73%
ALTFX vs. ABTYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTFX AB Sustainable Global Thematic Fund | 3.52% | 6.22% | 5.94% | 15.97% | -27.19% | 22.64% | 39.40% | 33.60% | -9.86% | 37.16% |
ABTYX AB High Income Municipal Portfolio | 2.92% | 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 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
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 (0.21) than their long-term average of 0.00, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.50 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.34 | -2.18 |
| Martin ratioReturn relative to average drawdown | 0.49 | 8.11 | -7.61 |
Loading charts...
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.
Loading charts...
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% | -9.25% | -13.67% |
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 | -3.07% | -0.58% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -36.84% | -3.94% | -32.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 1.10% | +4.25% |
Volatility
ALTFX vs. ABTYX - Volatility Comparison
AB Sustainable Global Thematic Fund (ALTFX) has a higher volatility of 5.62% compared to AB High Income Municipal Portfolio (ABTYX) at 0.78%. 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.
Loading charts...
Volatility by Period
| ALTFX | ABTYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 0.78% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 2.94% | +9.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 3.88% | +11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 6.07% | +12.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 5.62% | +12.34% |
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 13.07%, more than ABTYX's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | 4.63% | 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 | 13.07% | 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 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALTFX has higher volatility (5.62%) compared to ABTYX (0.78%). In terms of maximum drawdown, ALTFX dropped -80.01% vs ABTYX's -21.44%.
ABTYX currently has the higher Sharpe Ratio (2.31 vs 0.17), 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.
Find the right allocation for ALTFX and ABTYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer