AUNYX vs. DCARX
Compare and contrast key facts about AB Municipal Bond Inflation Strategy (AUNYX) and DFA California Municipal Real Return Portfolio (DCARX).
AUNYX is managed by AllianceBernstein. It was launched on Jan 25, 2010. DCARX is managed by Dimensional. It was launched on Oct 31, 2017.
Performance
AUNYX vs. DCARX - Performance Comparison
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AUNYX vs. DCARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUNYX AB Municipal Bond Inflation Strategy | 0.48% | 5.19% | 2.36% | 5.17% | -4.84% | 7.30% | 4.58% | 6.74% | -0.07% | 1.22% |
DCARX DFA California Municipal Real Return Portfolio | 1.09% | 2.64% | 3.16% | 2.63% | -1.06% | 6.21% | 2.35% | 5.08% | -0.46% | 1.16% |
Returns By Period
In the year-to-date period, AUNYX achieves a 0.48% return, which is significantly lower than DCARX's 1.09% return.
AUNYX
- 1D
- 0.09%
- 1M
- -1.47%
- YTD
- 0.48%
- 6M
- 1.11%
- 1Y
- 4.23%
- 3Y*
- 3.37%
- 5Y*
- 2.64%
- 10Y*
- 3.00%
DCARX
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.09%
- 6M
- 1.13%
- 1Y
- 2.59%
- 3Y*
- 2.55%
- 5Y*
- 2.68%
- 10Y*
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AUNYX vs. DCARX - Expense Ratio Comparison
AUNYX has a 0.50% expense ratio, which is higher than DCARX's 0.26% expense ratio.
Return for Risk
AUNYX vs. DCARX — Risk / Return Rank
AUNYX
DCARX
AUNYX vs. DCARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Bond Inflation Strategy (AUNYX) and DFA California Municipal Real Return Portfolio (DCARX). 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.
| AUNYX | DCARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 2.06 | -0.77 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.97 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.57 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.99 | -1.64 |
Martin ratioReturn relative to average drawdown | 5.60 | 12.16 | -6.56 |
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
| AUNYX | DCARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 2.06 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 1.20 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.93 | -0.09 |
Correlation
The correlation between AUNYX and DCARX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AUNYX vs. DCARX - Dividend Comparison
AUNYX's dividend yield for the trailing twelve months is around 3.29%, less than DCARX's 3.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUNYX AB Municipal Bond Inflation Strategy | 3.29% | 3.26% | 2.53% | 2.44% | 1.64% | 1.66% | 2.37% | 2.86% | 2.64% | 2.13% | 2.01% | 1.90% |
DCARX DFA California Municipal Real Return Portfolio | 3.41% | 3.11% | 3.52% | 1.84% | 0.90% | 0.78% | 1.12% | 1.43% | 1.27% | 0.09% | 0.00% | 0.00% |
Drawdowns
AUNYX vs. DCARX - Drawdown Comparison
The maximum AUNYX drawdown since its inception was -14.10%, which is greater than DCARX's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for AUNYX and DCARX.
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Drawdown Indicators
| AUNYX | DCARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.10% | -12.27% | -1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.33% | -0.93% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -8.44% | -4.79% | -3.65% |
Max Drawdown (10Y)Largest decline over 10 years | -14.10% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -0.24% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -0.76% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.23% | +0.58% |
Volatility
AUNYX vs. DCARX - Volatility Comparison
AB Municipal Bond Inflation Strategy (AUNYX) has a higher volatility of 1.10% compared to DFA California Municipal Real Return Portfolio (DCARX) at 0.51%. This indicates that AUNYX's price experiences larger fluctuations and is considered to be riskier than DCARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUNYX | DCARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.51% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 0.71% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 1.28% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.40% | 2.25% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 2.93% | +0.65% |