AUNYX vs. ACGYX
AUNYX (AB Municipal Bond Inflation Strategy) and ACGYX (AB Income Fund) are both mutual funds - AUNYX 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, AUNYX returned 3.14%/yr vs 2.13%/yr for ACGYX. At a 0.12 correlation, their price movements are largely independent. AUNYX charges 0.50%/yr vs 0.54%/yr for ACGYX.
Performance
AUNYX vs. ACGYX - Performance Comparison
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Returns By Period
In the year-to-date period, AUNYX achieves a 2.44% return, which is significantly higher than ACGYX's 0.15% return. Over the past 10 years, AUNYX has outperformed ACGYX with an annualized return of 3.14%, while ACGYX has yielded a comparatively lower 2.13% annualized return.
AUNYX
- 1D
- -0.09%
- 1M
- 0.49%
- YTD
- 2.44%
- 6M
- 2.63%
- 1Y
- 6.49%
- 3Y*
- 4.18%
- 5Y*
- 2.64%
- 10Y*
- 3.14%
ACGYX
- 1D
- -0.31%
- 1M
- 0.73%
- YTD
- 0.15%
- 6M
- 0.70%
- 1Y
- 4.51%
- 3Y*
- 4.75%
- 5Y*
- -0.19%
- 10Y*
- 2.13%
AUNYX vs. ACGYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUNYX AB Municipal Bond Inflation Strategy | 2.44% | 5.19% | 2.36% | 5.17% | -4.84% | 7.30% | 4.58% | 6.74% | -0.07% | 3.36% |
ACGYX AB Income Fund | 0.15% | 7.86% | 2.07% | 6.16% | -15.45% | -1.30% | 6.88% | 11.25% | -1.21% | 6.33% |
Correlation
The correlation between AUNYX and ACGYX is -0.02, 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 (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2016 | 0.12 |
The correlation between AUNYX and ACGYX shifts across timeframes, from -0.02 (1 year) to 0.19 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AUNYX vs. ACGYX — Risk / Return Rank
AUNYX
ACGYX
AUNYX vs. ACGYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Bond Inflation Strategy (AUNYX) 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.
| AUNYX | ACGYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.20 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 1.45 | +2.25 |
| Martin ratioReturn relative to average drawdown | 16.73 | 4.43 | +12.30 |
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Drawdowns
AUNYX vs. ACGYX - Drawdown Comparison
The maximum AUNYX drawdown since its inception was -14.10%, smaller than the maximum ACGYX drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for AUNYX and ACGYX.
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Drawdown Indicators
| AUNYX | ACGYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.10% | -21.58% | +7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -1.74% | -3.36% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.53% | -6.70% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -8.44% | -21.58% | +13.14% |
Max Drawdown (10Y)Largest decline over 10 years | -14.10% | -21.58% | +7.48% |
Current DrawdownCurrent decline from peak | -0.51% | -2.65% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -5.39% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 1.09% | -0.71% |
Volatility
AUNYX vs. ACGYX - Volatility Comparison
The current volatility for AB Municipal Bond Inflation Strategy (AUNYX) is 0.56%, while AB Income Fund (ACGYX) has a volatility of 1.43%. This indicates that AUNYX 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
| AUNYX | ACGYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 1.43% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 3.40% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 4.43% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.41% | 6.51% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.59% | 5.48% | -1.89% |
AUNYX vs. ACGYX - Expense Ratio Comparison
AUNYX has a 0.50% expense ratio, which is lower than ACGYX's 0.54% expense ratio.
Dividends
AUNYX vs. ACGYX - Dividend Comparison
AUNYX's dividend yield for the trailing twelve months is around 3.03%, less than ACGYX's 4.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACGYX AB Income Fund | 4.94% | 5.02% | 5.38% | 4.04% | 3.99% | 2.95% | 3.80% | 4.50% | 4.54% | 5.84% | 3.23% | 0.00% |
AUNYX AB Municipal Bond Inflation Strategy | 3.03% | 3.26% | 2.53% | 2.44% | 1.64% | 1.66% | 2.37% | 2.86% | 2.64% | 2.13% | 2.01% | 1.90% |
Frequently Asked Questions
AUNYX and ACGYX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACGYX has higher volatility (1.43%) compared to AUNYX (0.56%). In terms of maximum drawdown, AUNYX dropped -14.10% vs ACGYX's -21.58%.
AUNYX currently has the higher Sharpe Ratio (3.05 vs 1.10), 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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