NYM vs. HYFI

Last updated Jun 5, 2026

NYM (AB New York Intermediate Municipal ETF) and HYFI (AB High Yield ETF) are both exchange-traded funds - NYM is a Municipal Bonds fund actively managed by AllianceBernstein, while HYFI is a High Yield Bonds fund actively managed by AllianceBernstein. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. NYM charges 0.27%/yr vs 0.40%/yr for HYFI.

Performance

NYM vs. HYFI - Performance Comparison

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

Returns By Period

In the year-to-date period, NYM achieves a 1.43% return, which is significantly lower than HYFI's 1.98% return.

NYM

• 1D: 0.00%
• 1M: 0.44%
• YTD: 1.43%
• 6M: 1.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYFI

• 1D: 0.03%
• 1M: 0.44%
• YTD: 1.98%
• 6M: 2.35%
• 1Y: 7.65%
• 3Y*: 9.21%
• 5Y*: —
• 10Y*: —

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

NYM vs. HYFI - Yearly Performance Comparison

	2026 (YTD)	2025
NYM AB New York Intermediate Municipal ETF	1.43%	0.41%
HYFI AB High Yield ETF	1.98%	0.95%

Correlation

The correlation between NYM and HYFI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 11, 2025	0.39

Return for Risk

NYM vs. HYFI — Risk / Return Rank

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

HYFI

HYFI Risk / Return Rank: 65
HYFI Sharpe Ratio Rank: 59
HYFI Sortino Ratio Rank: 66
HYFI Omega Ratio Rank: 62
HYFI Calmar Ratio Rank: 63
HYFI Martin Ratio Rank: 74

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.

NYM vs. HYFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB New York Intermediate Municipal ETF (NYM) and AB High Yield ETF (HYFI). 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.

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

Sharpe Ratios by Period

	NYM	HYFI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	1.70	-0.08

Drawdowns

NYM vs. HYFI - Drawdown Comparison

The maximum NYM drawdown since its inception was -1.76%, smaller than the maximum HYFI drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for NYM and HYFI.

Drawdown Indicators

	NYM	HYFI	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-6.34%	+4.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.49%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.34%	—
Current Drawdown Current decline from peak	-0.23%	-0.21%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.42%	-0.51%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.55%	—

Volatility

Volatility by Period

	NYM	HYFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	3.94%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.06%	5.36%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.06%	5.36%	-3.30%

NYM vs. HYFI - Expense Ratio Comparison

NYM has a 0.27% expense ratio, which is lower than HYFI's 0.40% expense ratio.

Dividends

NYM vs. HYFI - Dividend Comparison

NYM's dividend yield for the trailing twelve months is around 1.73%, less than HYFI's 6.64% yield.

Position	TTM	2025	2024	2023
HYFI AB High Yield ETF	6.64%	6.66%	6.57%	4.17%
NYM AB New York Intermediate Municipal ETF	1.73%	0.49%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NYM and HYFI in my portfolio?

NYM and HYFI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NYM or HYFI?

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, NYM or HYFI?

NYM is cheaper with a 0.27% expense ratio, compared with 0.40% for HYFI.

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

HYFI has the higher dividend yield at 6.64%, compared with 1.73% for NYM.

What is the main difference between NYM and HYFI?

NYM is categorized as Municipal Bonds, while HYFI is High Yield Bonds. Their fees differ too: 0.27% for NYM and 0.40% for HYFI.