ALTHX vs. ACGYX
ALTHX (AB Municipal Income Fund National Portfolio) and ACGYX (AB Income Fund) are both mutual funds - ALTHX is a Municipal Bonds fund managed by AllianceBernstein, while ACGYX is a Intermediate Core-Plus Bond fund managed by AllianceBernstein. Over the past 10 years, ALTHX returned 1.89%/yr vs 1.89%/yr for ACGYX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. ALTHX charges 0.75%/yr vs 0.54%/yr for ACGYX.
Performance
ALTHX vs. ACGYX - Performance Comparison
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Returns By Period
In the year-to-date period, ALTHX achieves a 0.50% return, which is significantly higher than ACGYX's -0.71% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: ALTHX at 1.89% and ACGYX at 1.89%.
ALTHX
- 1D
- 0.10%
- 1M
- -1.46%
- 6M
- 0.30%
- YTD
- 0.50%
- 1Y
- 6.16%
- 3Y*
- 3.55%
- 5Y*
- 0.53%
- 10Y*
- 1.89%
- ALL TIME*
- 3.90%
ACGYX
- 1D
- 0.16%
- 1M
- -1.63%
- 6M
- -0.71%
- YTD
- -0.71%
- 1Y
- 3.19%
- 3Y*
- 4.40%
- 5Y*
- -0.60%
- 10Y*
- 1.89%
- ALL TIME*
- 2.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ACGYX AB Income Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
ALTHX vs. ACGYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTHX AB Municipal Income Fund National Portfolio | 0.50% | 5.05% | 2.36% | 5.76% | -10.06% | 2.15% | 4.77% | 7.22% | 0.46% | 5.75% |
ACGYX AB Income Fund | -0.71% | 7.86% | 2.07% | 6.16% | -15.45% | -1.30% | 6.88% | 11.25% | -1.21% | 6.33% |
Correlation
The correlation between ALTHX and ACGYX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2016 | 0.58 |
The correlation between ALTHX and ACGYX shifts across timeframes, from 0.58 (all time) to 0.71 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ALTHX vs. ACGYX — Risk / Return Rank
ALTHX
ACGYX
ALTHX vs. ACGYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Fund National Portfolio (ALTHX) and AB Income Fund (ACGYX). 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.
| ALTHX | ACGYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.14 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 1.00 | +1.17 |
| Martin ratioReturn relative to average drawdown | 7.51 | 2.82 | +4.69 |
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Drawdowns
ALTHX vs. ACGYX - Drawdown Comparison
The maximum ALTHX drawdown since its inception was -15.22%, smaller than the maximum ACGYX drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for ALTHX and ACGYX.
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Drawdown Indicators
| ALTHX | ACGYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.22% | -21.58% | +6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -3.36% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -5.17% | -6.26% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -14.37% | -21.58% | +7.21% |
Max Drawdown (10Y)Largest decline over 10 years | -14.37% | -21.58% | +7.21% |
Current DrawdownCurrent decline from peak | -1.85% | -3.49% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -5.36% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.19% | -0.37% |
Volatility
ALTHX vs. ACGYX - Volatility Comparison
The current volatility for AB Municipal Income Fund National Portfolio (ALTHX) is 0.82%, while AB Income Fund (ACGYX) has a volatility of 1.03%. This indicates that ALTHX experiences smaller price fluctuations and is considered to be less risky than ACGYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTHX | ACGYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 1.03% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 3.51% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 4.36% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.90% | 6.52% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.96% | 5.48% | -1.52% |
ALTHX vs. ACGYX - Expense Ratio Comparison
ALTHX has a 0.75% expense ratio, which is higher than ACGYX's 0.54% expense ratio.
Dividends
ALTHX vs. ACGYX - Dividend Comparison
ALTHX's dividend yield for the trailing twelve months is around 3.56%, less than ACGYX's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACGYX AB Income Fund | 5.00% | 5.02% | 5.38% | 4.04% | 3.99% | 2.95% | 3.80% | 4.50% | 4.54% | 5.84% | 3.23% | 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
ALTHX and ACGYX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACGYX has higher volatility (1.03%) compared to ALTHX (0.82%). In terms of maximum drawdown, ALTHX dropped -15.22% vs ACGYX's -21.58%.
ALTHX currently has the higher Sharpe Ratio (2.28 vs 0.77), 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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