EYEG vs. NYM

Last updated Jun 23, 2026

EYEG (AB Corporate Bond ETF) and NYM (AB New York Intermediate Municipal ETF) are both exchange-traded funds - EYEG is a Corporate Bonds fund actively managed by AllianceBernstein, while NYM is a Municipal Bonds fund actively managed by AllianceBernstein. Both are actively managed. A 0.54 correlation means they provide meaningful diversification when combined. EYEG charges 0.30%/yr vs 0.27%/yr for NYM.

Performance

EYEG vs. NYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Corporate Bond ETF (EYEG) and AB New York Intermediate Municipal ETF (NYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EYEG achieves a 0.47% return, which is significantly lower than NYM's 1.60% return.

EYEG

• 1D: -0.24%
• 1M: 0.58%
• YTD: 0.47%
• 6M: 0.69%
• 1Y: 4.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NYM

• 1D: 0.12%
• 1M: 0.97%
• YTD: 1.60%
• 6M: 1.84%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EYEG vs. NYM - Yearly Performance Comparison

	2026 (YTD)	2025
EYEG AB Corporate Bond ETF	0.47%	0.37%
NYM AB New York Intermediate Municipal ETF	1.60%	0.47%

Correlation

The correlation between EYEG and NYM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025	0.54

Return for Risk

EYEG vs. NYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EYEG

EYEG Risk / Return Rank: 34
EYEG Sharpe Ratio Rank: 34
EYEG Sortino Ratio Rank: 33
EYEG Omega Ratio Rank: 30
EYEG Calmar Ratio Rank: 36
EYEG Martin Ratio Rank: 35

NYM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EYEG vs. NYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Corporate Bond ETF (EYEG) and AB New York Intermediate Municipal ETF (NYM). 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.

	EYEG	NYM	Difference
Sharpe ratio: Return per unit of total volatility	1.16	—	—
Sortino ratio: Return per unit of downside risk	1.71	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.76	—	—
Martin ratio: Return relative to average drawdown	5.06	—	—

Drawdowns

EYEG vs. NYM - Drawdown Comparison

The maximum EYEG drawdown since its inception was -4.66%, which is greater than NYM's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for EYEG and NYM.

Drawdown Indicators

	EYEG	NYM	Difference
Max Drawdown Largest peak-to-trough decline	-4.66%	-1.76%	-2.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	—	—
Current Drawdown Current decline from peak	-0.85%	-0.07%	-0.78%
Average Drawdown Average peak-to-trough decline	-1.24%	-0.40%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	—	—

Volatility

Volatility by Period

	EYEG	NYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.32%	2.03%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.45%	2.03%	+3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.45%	2.03%	+3.42%

EYEG vs. NYM - Expense Ratio Comparison

EYEG has a 0.30% expense ratio, which is higher than NYM's 0.27% expense ratio.

Dividends

EYEG vs. NYM - Dividend Comparison

EYEG's dividend yield for the trailing twelve months is around 4.93%, more than NYM's 1.73% yield.

Position	TTM	2025	2024	2023
EYEG AB Corporate Bond ETF	4.93%	4.94%	6.07%	0.25%
NYM AB New York Intermediate Municipal ETF	1.73%	0.49%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EYEG and NYM in my portfolio?

EYEG and NYM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EYEG or NYM?

On fees, NYM is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EYEG or NYM?

NYM is cheaper with a 0.27% expense ratio, compared with 0.30% for EYEG.

Which ETF pays a higher dividend yield, EYEG or NYM?

EYEG has the higher dividend yield at 4.93%, compared with 1.73% for NYM.

What is the main difference between EYEG and NYM?

EYEG is categorized as Corporate Bonds, while NYM is Municipal Bonds. Their fees differ too: 0.30% for EYEG and 0.27% for NYM.