AUNYX vs. AWF
AUNYX (AB Municipal Bond Inflation Strategy) and AWF (AllianceBernstein Global High Income Closed Fund) are both mutual funds - AUNYX is a Municipal Bonds fund managed by AllianceBernstein, while AWF is a High Yield Bonds fund actively managed by AllianceBernstein. Over the past 10 years, AUNYX returned 3.11%/yr vs 5.41%/yr for AWF. At a 0.13 correlation, their price movements are largely independent. AUNYX charges 0.50%/yr vs 1.00%/yr for AWF.
Performance
AUNYX vs. AWF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AUNYX achieves a 2.37% return, which is significantly higher than AWF's -1.22% return. Over the past 10 years, AUNYX has underperformed AWF with an annualized return of 3.11%, while AWF has yielded a comparatively higher 5.41% annualized return.
AUNYX
- 1D
- -0.09%
- 1M
- -0.25%
- 6M
- 1.81%
- YTD
- 2.37%
- 1Y
- 5.60%
- 3Y*
- 4.15%
- 5Y*
- 2.46%
- 10Y*
- 3.11%
AWF
- 1D
- -0.20%
- 1M
- 0.05%
- 6M
- -0.44%
- YTD
- -1.22%
- 1Y
- -1.11%
- 3Y*
- 9.05%
- 5Y*
- 4.31%
- 10Y*
- 5.41%
AUNYX vs. AWF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUNYX AB Municipal Bond Inflation Strategy | 2.37% | 5.19% | 2.36% | 5.17% | -4.84% | 7.30% | 4.58% | 6.74% | -0.07% | 3.36% |
AWF AllianceBernstein Global High Income Closed Fund | -1.22% | 7.54% | 14.30% | 18.37% | -16.62% | 9.95% | 4.40% | 23.40% | -11.35% | 7.77% |
Correlation
The correlation between AUNYX and AWF is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2010 | 0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AUNYX vs. AWF — Risk / Return Rank
AUNYX
AWF
AUNYX vs. AWF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Bond Inflation Strategy (AUNYX) and AllianceBernstein Global High Income Closed Fund (AWF). 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 | AWF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 0.99 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | -0.11 | +3.29 |
| Martin ratioReturn relative to average drawdown | 13.72 | -0.24 | +13.96 |
Loading charts...
Drawdowns
AUNYX vs. AWF - Drawdown Comparison
The maximum AUNYX drawdown since its inception was -14.10%, smaller than the maximum AWF drawdown of -55.54%. Use the drawdown chart below to compare losses from any high point for AUNYX and AWF.
Loading charts...
Drawdown Indicators
| AUNYX | AWF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.10% | -55.54% | +41.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.74% | -10.19% | +8.45% |
Max Drawdown (3Y)Largest decline over 3 years | -3.53% | -11.12% | +7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -8.44% | -25.25% | +16.81% |
Max Drawdown (10Y)Largest decline over 10 years | -14.10% | -40.12% | +26.02% |
Current DrawdownCurrent decline from peak | -0.58% | -5.34% | +4.76% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -12.28% | +10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 4.65% | -4.25% |
Volatility
AUNYX vs. AWF - Volatility Comparison
The current volatility for AB Municipal Bond Inflation Strategy (AUNYX) is 0.54%, while AllianceBernstein Global High Income Closed Fund (AWF) has a volatility of 2.10%. This indicates that AUNYX experiences smaller price fluctuations and is considered to be less risky than AWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AUNYX | AWF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 2.10% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 7.48% | -5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 8.85% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.41% | 12.10% | -8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 15.18% | -11.60% |
AUNYX vs. AWF - Expense Ratio Comparison
AUNYX has a 0.50% expense ratio, which is lower than AWF's 1.00% expense ratio.
Dividends
AUNYX vs. AWF - Dividend Comparison
AUNYX's dividend yield for the trailing twelve months is around 3.04%, less than AWF's 7.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUNYX AB Municipal Bond Inflation Strategy | 3.04% | 3.26% | 2.53% | 2.44% | 1.64% | 1.66% | 2.37% | 2.86% | 2.64% | 2.13% | 2.01% | 1.90% |
AWF AllianceBernstein Global High Income Closed Fund | 7.74% | 7.81% | 7.47% | 7.33% | 10.30% | 6.48% | 6.68% | 6.62% | 7.97% | 6.03% | 7.73% | 10.28% |
Frequently Asked Questions
AUNYX and AWF have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWF has higher volatility (2.10%) compared to AUNYX (0.54%). In terms of maximum drawdown, AUNYX dropped -14.10% vs AWF's -55.54%.
AUNYX currently has the higher Sharpe Ratio (2.60 vs -0.13), 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.
Find the right allocation for AUNYX and AWF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer