AUNYX vs. CGMU
Compare and contrast key facts about AB Municipal Bond Inflation Strategy (AUNYX) and Capital Group Municipal Income ETF (CGMU).
AUNYX is managed by AllianceBernstein. It was launched on Jan 25, 2010. CGMU is an actively managed fund by Capital Group. It was launched on Oct 25, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AUNYX or CGMU.
Correlation
The correlation between AUNYX and CGMU is 0.15, 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.
Performance
AUNYX vs. CGMU - Performance Comparison
Key characteristics
AUNYX:
0.34
CGMU:
0.50
AUNYX:
0.55
CGMU:
0.70
AUNYX:
1.09
CGMU:
1.11
AUNYX:
0.38
CGMU:
0.58
AUNYX:
1.48
CGMU:
1.84
AUNYX:
0.98%
CGMU:
1.13%
AUNYX:
3.57%
CGMU:
4.01%
AUNYX:
-14.11%
CGMU:
-4.11%
AUNYX:
-1.77%
CGMU:
-1.83%
Returns By Period
In the year-to-date period, AUNYX achieves a 0.29% return, which is significantly higher than CGMU's -0.08% return.
AUNYX
0.29%
2.01%
-0.59%
1.19%
4.28%
2.72%
CGMU
-0.08%
0.88%
-0.26%
2.01%
N/A
N/A
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AUNYX vs. CGMU - Expense Ratio Comparison
AUNYX has a 0.50% expense ratio, which is higher than CGMU's 0.27% expense ratio.
Risk-Adjusted Performance
AUNYX vs. CGMU — Risk-Adjusted Performance Rank
AUNYX
CGMU
AUNYX vs. CGMU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Bond Inflation Strategy (AUNYX) and Capital Group Municipal Income ETF (CGMU). 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.
Dividends
AUNYX vs. CGMU - Dividend Comparison
AUNYX's dividend yield for the trailing twelve months is around 2.71%, less than CGMU's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUNYX AB Municipal Bond Inflation Strategy | 2.71% | 2.75% | 2.44% | 1.66% | 1.66% | 2.38% | 2.50% | 2.64% | 2.13% | 2.01% | 1.92% | 1.49% |
CGMU Capital Group Municipal Income ETF | 3.27% | 3.22% | 3.09% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AUNYX vs. CGMU - Drawdown Comparison
The maximum AUNYX drawdown since its inception was -14.11%, which is greater than CGMU's maximum drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for AUNYX and CGMU. For additional features, visit the drawdowns tool.
Volatility
AUNYX vs. CGMU - Volatility Comparison
AB Municipal Bond Inflation Strategy (AUNYX) has a higher volatility of 1.75% compared to Capital Group Municipal Income ETF (CGMU) at 1.31%. This indicates that AUNYX's price experiences larger fluctuations and is considered to be riskier than CGMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.