ALTHX vs. APGZX
Compare and contrast key facts about AB Municipal Income Fund National Portfolio (ALTHX) and AB Large Cap Growth Fund Class Z (APGZX).
ALTHX is managed by AllianceBernstein. It was launched on Dec 28, 1986. APGZX is managed by AllianceBernstein. It was launched on Jul 1, 2015.
Performance
ALTHX vs. APGZX - Performance Comparison
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ALTHX vs. APGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTHX AB Municipal Income Fund National Portfolio | -0.46% | 5.05% | 2.36% | 5.76% | -10.06% | 2.15% | 4.77% | 7.22% | 0.46% | 5.75% |
APGZX AB Large Cap Growth Fund Class Z | -12.76% | 13.26% | 25.47% | 35.12% | -28.74% | 29.00% | 34.47% | 34.24% | 2.30% | 31.81% |
Returns By Period
In the year-to-date period, ALTHX achieves a -0.46% return, which is significantly higher than APGZX's -12.76% return. Over the past 10 years, ALTHX has underperformed APGZX with an annualized return of 2.04%, while APGZX has yielded a comparatively higher 14.52% annualized return.
ALTHX
- 1D
- 0.31%
- 1M
- -2.55%
- YTD
- -0.46%
- 6M
- 1.06%
- 1Y
- 3.72%
- 3Y*
- 3.37%
- 5Y*
- 0.85%
- 10Y*
- 2.04%
APGZX
- 1D
- -0.10%
- 1M
- -10.09%
- YTD
- -12.76%
- 6M
- -12.55%
- 1Y
- 7.79%
- 3Y*
- 14.45%
- 5Y*
- 8.77%
- 10Y*
- 14.52%
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ALTHX vs. APGZX - Expense Ratio Comparison
ALTHX has a 0.75% expense ratio, which is higher than APGZX's 0.52% expense ratio.
Return for Risk
ALTHX vs. APGZX — Risk / Return Rank
ALTHX
APGZX
ALTHX vs. APGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Fund National Portfolio (ALTHX) and AB Large Cap Growth Fund Class Z (APGZX). 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.
| ALTHX | APGZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.40 | +0.56 |
Sortino ratioReturn per unit of downside risk | 1.30 | 0.73 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.10 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.34 | +0.71 |
Martin ratioReturn relative to average drawdown | 3.35 | 1.34 | +2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALTHX | APGZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.40 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.44 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.74 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.73 | +0.38 |
Correlation
The correlation between ALTHX and APGZX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ALTHX vs. APGZX - Dividend Comparison
ALTHX's dividend yield for the trailing twelve months is around 3.53%, less than APGZX's 11.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTHX AB Municipal Income Fund National Portfolio | 3.53% | 4.55% | 3.27% | 2.73% | 2.34% | 1.57% | 2.43% | 2.84% | 3.12% | 3.01% | 3.11% | 3.37% |
APGZX AB Large Cap Growth Fund Class Z | 11.19% | 9.77% | 6.62% | 1.69% | 0.87% | 7.19% | 2.60% | 3.49% | 9.11% | 3.78% | 2.72% | 0.00% |
Drawdowns
ALTHX vs. APGZX - Drawdown Comparison
The maximum ALTHX drawdown since its inception was -15.22%, smaller than the maximum APGZX drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for ALTHX and APGZX.
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Drawdown Indicators
| ALTHX | APGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.22% | -33.87% | +18.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -15.21% | +10.66% |
Max Drawdown (5Y)Largest decline over 5 years | -14.37% | -33.87% | +19.50% |
Max Drawdown (10Y)Largest decline over 10 years | -14.37% | -33.87% | +19.50% |
Current DrawdownCurrent decline from peak | -2.55% | -15.21% | +12.66% |
Average DrawdownAverage peak-to-trough decline | -2.00% | -6.08% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 3.90% | -2.46% |
Volatility
ALTHX vs. APGZX - Volatility Comparison
The current volatility for AB Municipal Income Fund National Portfolio (ALTHX) is 1.06%, while AB Large Cap Growth Fund Class Z (APGZX) has a volatility of 5.13%. This indicates that ALTHX experiences smaller price fluctuations and is considered to be less risky than APGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTHX | APGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 5.13% | -4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | 10.81% | -9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 19.91% | -15.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.85% | 20.12% | -16.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.95% | 19.60% | -15.65% |