ALTFX vs. ALTHX
ALTFX (AB Sustainable Global Thematic Fund) and ALTHX (AB Municipal Income Fund National Portfolio) are both mutual funds - ALTFX is a Global Equities fund managed by AllianceBernstein, while ALTHX is a Municipal Bonds fund managed by AllianceBernstein. Over the past 10 years, ALTFX returned 10.03%/yr vs 1.87%/yr for ALTHX. Their -0.05 correlation means they have often moved in opposite directions in the past. ALTFX charges 1.02%/yr vs 0.75%/yr for ALTHX.
Performance
ALTFX vs. ALTHX - 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 ALTHX's 0.71% return. Over the past 10 years, ALTFX has outperformed ALTHX with an annualized return of 10.03%, while ALTHX has yielded a comparatively lower 1.87% 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%
ALTHX
- 1D
- -0.10%
- 1M
- -1.64%
- 6M
- 0.40%
- YTD
- 0.71%
- 1Y
- 6.15%
- 3Y*
- 3.77%
- 5Y*
- 0.56%
- 10Y*
- 1.87%
- ALL TIME*
- 3.91%
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. ALTHX - 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% |
ALTHX AB Municipal Income Fund National Portfolio | 0.71% | 5.05% | 2.36% | 5.76% | -10.06% | 2.15% | 4.77% | 7.22% | 0.46% | 5.75% |
Correlation
The correlation between ALTFX and ALTHX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996 | -0.05 |
The correlation between ALTFX and ALTHX shifts across timeframes, from -0.05 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ALTFX vs. ALTHX — Risk / Return Rank
ALTFX
ALTHX
ALTFX vs. ALTHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Sustainable Global Thematic Fund (ALTFX) and AB Municipal Income Fund National Portfolio (ALTHX). 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 | ALTHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.52 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.53 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 2.13 | -2.23 |
| Martin ratioReturn relative to average drawdown | -0.30 | 7.20 | -7.50 |
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Drawdowns
ALTFX vs. ALTHX - Drawdown Comparison
The maximum ALTFX drawdown since its inception was -80.01%, which is greater than ALTHX's maximum drawdown of -15.22%. Use the drawdown chart below to compare losses from any high point for ALTFX and ALTHX.
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Drawdown Indicators
| ALTFX | ALTHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.01% | -15.22% | -64.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -2.85% | -12.96% |
Max Drawdown (3Y)Largest decline over 3 years | -22.92% | -4.97% | -17.95% |
Max Drawdown (5Y)Largest decline over 5 years | -35.87% | -14.37% | -21.50% |
Max Drawdown (10Y)Largest decline over 10 years | -35.87% | -14.37% | -21.50% |
Current DrawdownCurrent decline from peak | -6.70% | -1.64% | -5.06% |
Average DrawdownAverage peak-to-trough decline | -36.78% | -1.99% | -34.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 0.84% | +4.57% |
Volatility
ALTFX vs. ALTHX - Volatility Comparison
AB Sustainable Global Thematic Fund (ALTFX) has a higher volatility of 4.28% compared to AB Municipal Income Fund National Portfolio (ALTHX) at 0.84%. This indicates that ALTFX's price experiences larger fluctuations and is considered to be riskier than ALTHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTFX | ALTHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 0.84% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 2.14% | +10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 2.72% | +13.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.37% | 3.90% | +14.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 3.96% | +14.02% |
ALTFX vs. ALTHX - Expense Ratio Comparison
ALTFX has a 1.02% expense ratio, which is higher than ALTHX's 0.75% expense ratio.
Dividends
ALTFX vs. ALTHX - Dividend Comparison
ALTFX's dividend yield for the trailing twelve months is around 13.58%, more than ALTHX's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ALTHX AB Municipal Income Fund National Portfolio | 3.56% | 4.55% | 3.27% | 2.73% | 2.34% | 1.57% | 2.43% | 2.84% | 3.12% | 3.01% | 3.11% | 3.37% |
Frequently Asked Questions
ALTFX and ALTHX have a correlation of 0.27, 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 ALTHX (0.84%). In terms of maximum drawdown, ALTFX dropped -80.01% vs ALTHX's -15.22%.
ALTHX currently has the higher Sharpe Ratio (2.24 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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