AMUN vs. THD
AMUN (abrdn Ultra Short Municipal Income Active ETF) and THD (iShares MSCI Thailand ETF) are both exchange-traded funds - AMUN is a Municipal Bonds fund actively managed by abrdn, while THD is a Asia Pacific Equities fund tracking the MSCI Thailand Investable Market Index. AMUN is actively managed, while THD is passively managed. At a correlation of -0.10, they often move in opposite directions. AMUN charges 0.25%/yr vs 0.59%/yr for THD.
Performance
AMUN vs. THD - Performance Comparison
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Returns By Period
In the year-to-date period, AMUN achieves a 1.40% return, which is significantly lower than THD's 25.10% return.
AMUN
- 1D
- 0.08%
- 1M
- 0.21%
- 6M
- 1.25%
- YTD
- 1.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
THD
- 1D
- 0.82%
- 1M
- 0.47%
- 6M
- 23.77%
- YTD
- 25.10%
- 1Y
- 40.54%
- 3Y*
- 5.86%
- 5Y*
- 2.73%
- 10Y*
- 2.94%
AMUN vs. THD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.40% | 0.14% |
THD iShares MSCI Thailand ETF | 25.10% | 3.00% |
Correlation
The correlation between AMUN and THD is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 20, 2025 | -0.10 |
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Return for Risk
AMUN vs. THD — Risk / Return Rank
AMUN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
THD
AMUN vs. THD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Ultra Short Municipal Income Active ETF (AMUN) and iShares MSCI Thailand ETF (THD). 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.
| AMUN | THD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.10 | — |
| Martin ratioReturn relative to average drawdown | — | 8.92 | — |
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Drawdowns
AMUN vs. THD - Drawdown Comparison
The maximum AMUN drawdown since its inception was -0.61%, smaller than the maximum THD drawdown of -64.22%. Use the drawdown chart below to compare losses from any high point for AMUN and THD.
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Drawdown Indicators
| AMUN | THD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.61% | -64.22% | +63.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.12% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.32% | — |
Current DrawdownCurrent decline from peak | -0.02% | -8.14% | +8.12% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -18.22% | +18.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.56% | — |
Volatility
AMUN vs. THD - Volatility Comparison
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Volatility by Period
| AMUN | THD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.38% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.95% | 22.62% | -21.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.95% | 20.00% | -19.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 21.58% | -20.63% |
AMUN vs. THD - Expense Ratio Comparison
AMUN has a 0.25% expense ratio, which is lower than THD's 0.59% expense ratio.
Dividends
AMUN vs. THD - Dividend Comparison
AMUN's dividend yield for the trailing twelve months is around 2.13%, less than THD's 3.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUN abrdn Ultra Short Municipal Income Active ETF | 2.13% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
THD iShares MSCI Thailand ETF | 3.46% | 3.36% | 3.15% | 2.92% | 2.41% | 3.16% | 2.31% | 2.42% | 2.57% | 2.16% | 2.61% | 3.58% |
Frequently Asked Questions
AMUN and THD have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMUN is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMUN is cheaper with a 0.25% expense ratio, compared with 0.59% for THD.
THD has the higher dividend yield at 3.46%, compared with 2.13% for AMUN.
AMUN is categorized as Municipal Bonds, while THD is Asia Pacific Equities. They also come from different issuers: abrdn and iShares. Their fees differ too: 0.25% for AMUN and 0.59% for THD.
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