ALTHX vs. VDADX
Compare and contrast key facts about AB Municipal Income Fund National Portfolio (ALTHX) and Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX).
ALTHX is managed by AllianceBernstein. It was launched on Dec 28, 1986. VDADX is managed by Vanguard. It was launched on Dec 19, 2013.
Performance
ALTHX vs. VDADX - Performance Comparison
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ALTHX vs. VDADX - 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% |
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares | -3.77% | 14.17% | 16.99% | 14.44% | -9.80% | 23.59% | 15.47% | 29.68% | -2.06% | 22.22% |
Returns By Period
In the year-to-date period, ALTHX achieves a -0.46% return, which is significantly higher than VDADX's -3.77% return. Over the past 10 years, ALTHX has underperformed VDADX with an annualized return of 2.04%, while VDADX has yielded a comparatively higher 12.01% 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%
VDADX
- 1D
- 0.00%
- 1M
- -7.14%
- YTD
- -3.77%
- 6M
- -1.63%
- 1Y
- 10.40%
- 3Y*
- 13.00%
- 5Y*
- 9.45%
- 10Y*
- 12.01%
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ALTHX vs. VDADX - Expense Ratio Comparison
ALTHX has a 0.75% expense ratio, which is higher than VDADX's 0.08% expense ratio.
Return for Risk
ALTHX vs. VDADX — Risk / Return Rank
ALTHX
VDADX
ALTHX vs. VDADX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Fund National Portfolio (ALTHX) and Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX). 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 | VDADX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.76 | +0.19 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.18 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.92 | +0.13 |
Martin ratioReturn relative to average drawdown | 3.35 | 4.19 | -0.84 |
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 | VDADX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.76 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.67 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.74 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.71 | +0.40 |
Correlation
The correlation between ALTHX and VDADX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ALTHX vs. VDADX - Dividend Comparison
ALTHX's dividend yield for the trailing twelve months is around 3.53%, more than VDADX's 1.62% 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% |
VDADX Vanguard Dividend Appreciation Index Fund Admiral Shares | 1.62% | 1.60% | 1.71% | 1.86% | 1.94% | 1.53% | 1.61% | 1.69% | 2.07% | 1.88% | 2.14% | 2.34% |
Drawdowns
ALTHX vs. VDADX - Drawdown Comparison
The maximum ALTHX drawdown since its inception was -15.22%, smaller than the maximum VDADX drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for ALTHX and VDADX.
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Drawdown Indicators
| ALTHX | VDADX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.22% | -31.70% | +16.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -10.87% | +6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -14.37% | -20.42% | +6.05% |
Max Drawdown (10Y)Largest decline over 10 years | -14.37% | -31.70% | +17.33% |
Current DrawdownCurrent decline from peak | -2.55% | -7.93% | +5.38% |
Average DrawdownAverage peak-to-trough decline | -2.00% | -3.44% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 2.40% | -0.96% |
Volatility
ALTHX vs. VDADX - Volatility Comparison
The current volatility for AB Municipal Income Fund National Portfolio (ALTHX) is 1.06%, while Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) has a volatility of 3.33%. This indicates that ALTHX experiences smaller price fluctuations and is considered to be less risky than VDADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTHX | VDADX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 3.33% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | 7.58% | -5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 15.23% | -10.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.85% | 14.28% | -10.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.95% | 16.18% | -12.23% |