NYM vs. ZTAX
NYM (AB New York Intermediate Municipal ETF) and ZTAX (X-Square Municipal Income Tax Free ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. NYM charges 0.27%/yr vs 1.14%/yr for ZTAX.
Performance
NYM vs. ZTAX - Performance Comparison
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Returns By Period
In the year-to-date period, NYM achieves a 1.43% return, which is significantly higher than ZTAX's 0.20% return.
NYM
- 1D
- 0.04%
- 1M
- 0.48%
- YTD
- 1.43%
- 6M
- 1.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZTAX
- 1D
- 0.00%
- 1M
- -1.80%
- YTD
- 0.20%
- 6M
- 5.42%
- 1Y
- 6.21%
- 3Y*
- 4.56%
- 5Y*
- —
- 10Y*
- —
NYM vs. ZTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NYM AB New York Intermediate Municipal ETF | 1.43% | 0.41% |
ZTAX X-Square Municipal Income Tax Free ETF | 0.20% | -5.81% |
Correlation
The correlation between NYM and ZTAX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 11, 2025 | 0.04 |
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Return for Risk
NYM vs. ZTAX — Risk / Return Rank
NYM
ZTAX
NYM vs. ZTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB New York Intermediate Municipal ETF (NYM) and X-Square Municipal Income Tax Free ETF (ZTAX). 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.
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Sharpe Ratios by Period
| NYM | ZTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.63 | 0.20 | +1.43 |
Drawdowns
NYM vs. ZTAX - Drawdown Comparison
The maximum NYM drawdown since its inception was -1.76%, smaller than the maximum ZTAX drawdown of -15.33%. Use the drawdown chart below to compare losses from any high point for NYM and ZTAX.
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Drawdown Indicators
| NYM | ZTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.76% | -15.33% | +13.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.33% | — |
Current DrawdownCurrent decline from peak | -0.23% | -6.58% | +6.35% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -6.81% | +6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.22% | — |
Volatility
NYM vs. ZTAX - Volatility Comparison
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Volatility by Period
| NYM | ZTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 26.32% | -24.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.06% | 26.84% | -24.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.06% | 26.84% | -24.78% |
NYM vs. ZTAX - Expense Ratio Comparison
NYM has a 0.27% expense ratio, which is lower than ZTAX's 1.14% expense ratio.
Dividends
NYM vs. ZTAX - Dividend Comparison
NYM's dividend yield for the trailing twelve months is around 1.73%, less than ZTAX's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NYM AB New York Intermediate Municipal ETF | 1.73% | 0.49% | 0.00% | 0.00% |
ZTAX X-Square Municipal Income Tax Free ETF | 4.56% | 4.58% | 4.55% | 2.14% |
Frequently Asked Questions
NYM and ZTAX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NYM is cheaper with a 0.27% expense ratio, compared with 1.14% for ZTAX.
ZTAX has the higher dividend yield at 4.56%, compared with 1.73% for NYM.
They also come from different issuers: AllianceBernstein and X-Square. Their fees differ too: 0.27% for NYM and 1.14% for ZTAX.
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