AWF vs. AUNYX
AWF (AllianceBernstein Global High Income Closed Fund) and AUNYX (AB Municipal Bond Inflation Strategy) are both mutual funds - AWF is a High Yield Bonds fund actively managed by AllianceBernstein, while AUNYX is a Municipal Bonds fund managed by AllianceBernstein. Over the past 10 years, AWF returned 5.47%/yr vs 3.13%/yr for AUNYX. At a 0.13 correlation, their price movements are largely independent. AWF charges 1.00%/yr vs 0.50%/yr for AUNYX.
Performance
AWF vs. AUNYX - Performance Comparison
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Returns By Period
In the year-to-date period, AWF achieves a -1.22% return, which is significantly lower than AUNYX's 2.56% return. Over the past 10 years, AWF has outperformed AUNYX with an annualized return of 5.47%, while AUNYX has yielded a comparatively lower 3.13% annualized return.
AWF
- 1D
- -0.68%
- 1M
- 0.64%
- 6M
- -1.19%
- YTD
- -1.22%
- 1Y
- -1.11%
- 3Y*
- 8.80%
- 5Y*
- 3.85%
- 10Y*
- 5.47%
AUNYX
- 1D
- 0.00%
- 1M
- 0.02%
- 6M
- 1.90%
- YTD
- 2.56%
- 1Y
- 5.60%
- 3Y*
- 4.31%
- 5Y*
- 2.58%
- 10Y*
- 3.13%
AWF vs. AUNYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
AUNYX AB Municipal Bond Inflation Strategy | 2.56% | 5.19% | 2.36% | 5.17% | -4.84% | 7.30% | 4.58% | 6.74% | -0.07% | 3.36% |
Correlation
The correlation between AWF and AUNYX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
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 |
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Return for Risk
AWF vs. AUNYX — Risk / Return Rank
AWF
AUNYX
AWF vs. AUNYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianceBernstein Global High Income Closed Fund (AWF) and AB Municipal Bond Inflation Strategy (AUNYX). 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.
| AWF | AUNYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.60 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.35 | -3.46 |
| Martin ratioReturn relative to average drawdown | -0.24 | 14.48 | -14.72 |
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Drawdowns
AWF vs. AUNYX - Drawdown Comparison
The maximum AWF drawdown since its inception was -55.54%, which is greater than AUNYX's maximum drawdown of -14.10%. Use the drawdown chart below to compare losses from any high point for AWF and AUNYX.
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Drawdown Indicators
| AWF | AUNYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -14.10% | -41.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -1.74% | -8.45% |
Max Drawdown (3Y)Largest decline over 3 years | -11.12% | -3.53% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -8.44% | -16.81% |
Max Drawdown (10Y)Largest decline over 10 years | -40.12% | -14.10% | -26.02% |
Current DrawdownCurrent decline from peak | -5.34% | -0.39% | -4.95% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -1.38% | -10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 0.40% | +4.21% |
Volatility
AWF vs. AUNYX - Volatility Comparison
AllianceBernstein Global High Income Closed Fund (AWF) has a higher volatility of 2.12% compared to AB Municipal Bond Inflation Strategy (AUNYX) at 0.53%. This indicates that AWF's price experiences larger fluctuations and is considered to be riskier than AUNYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWF | AUNYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 0.53% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 1.72% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.87% | 2.12% | +6.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.12% | 3.41% | +8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 3.58% | +11.60% |
AWF vs. AUNYX - Expense Ratio Comparison
AWF has a 1.00% expense ratio, which is higher than AUNYX's 0.50% expense ratio.
Dividends
AWF vs. AUNYX - Dividend Comparison
AWF's dividend yield for the trailing twelve months is around 7.74%, more than AUNYX's 3.04% 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
AWF and AUNYX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWF has higher volatility (2.12%) compared to AUNYX (0.53%). In terms of maximum drawdown, AWF dropped -55.54% vs AUNYX's -14.10%.
AUNYX currently has the higher Sharpe Ratio (2.75 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.
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