QUASX vs. AVAAX
QUASX (AB Small Cap Growth Portfolio) and AVAAX (AB Municipal Income Fund II Virginia Portfolio) are both mutual funds - QUASX is a Small Cap Growth Equities fund managed by AllianceBernstein, while AVAAX is a Municipal Bonds fund managed by AllianceBernstein. Over the past 10 years, QUASX returned 15.65%/yr vs 1.87%/yr for AVAAX. At a correlation of -0.06, they often move in opposite directions. QUASX charges 1.11%/yr vs 0.80%/yr for AVAAX.
Performance
QUASX vs. AVAAX - Performance Comparison
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Returns By Period
In the year-to-date period, QUASX achieves a 25.68% return, which is significantly higher than AVAAX's 1.60% return. Over the past 10 years, QUASX has outperformed AVAAX with an annualized return of 15.65%, while AVAAX has yielded a comparatively lower 1.87% annualized return.
QUASX
- 1D
- 2.19%
- 1M
- 6.60%
- YTD
- 25.68%
- 6M
- 21.57%
- 1Y
- 38.11%
- 3Y*
- 18.07%
- 5Y*
- 3.18%
- 10Y*
- 15.65%
AVAAX
- 1D
- -0.19%
- 1M
- 1.62%
- YTD
- 1.60%
- 6M
- 1.98%
- 1Y
- 6.24%
- 3Y*
- 3.74%
- 5Y*
- 0.79%
- 10Y*
- 1.87%
QUASX vs. AVAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QUASX AB Small Cap Growth Portfolio | 25.68% | 4.85% | 18.49% | 17.83% | -39.09% | 9.76% | 53.85% | 49.85% | -1.02% | 34.71% |
AVAAX AB Municipal Income Fund II Virginia Portfolio | 1.60% | 4.95% | 1.50% | 5.23% | -9.38% | 2.13% | 4.52% | 7.09% | 0.47% | 5.02% |
Correlation
The correlation between QUASX and AVAAX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 1994 | -0.06 |
The correlation between QUASX and AVAAX shifts across timeframes, from -0.06 (all time) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
QUASX vs. AVAAX — Risk / Return Rank
QUASX
AVAAX
QUASX vs. AVAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Small Cap Growth Portfolio (QUASX) and AB Municipal Income Fund II Virginia Portfolio (AVAAX). 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.
| QUASX | AVAAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.59 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.22 | +0.44 |
| Martin ratioReturn relative to average drawdown | 9.78 | 7.55 | +2.23 |
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Drawdowns
QUASX vs. AVAAX - Drawdown Comparison
The maximum QUASX drawdown since its inception was -60.97%, which is greater than AVAAX's maximum drawdown of -14.11%. Use the drawdown chart below to compare losses from any high point for QUASX and AVAAX.
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Drawdown Indicators
| QUASX | AVAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.97% | -14.11% | -46.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.02% | -2.91% | -12.11% |
Max Drawdown (3Y)Largest decline over 3 years | -31.68% | -5.83% | -25.85% |
Max Drawdown (5Y)Largest decline over 5 years | -47.37% | -14.11% | -33.26% |
Max Drawdown (10Y)Largest decline over 10 years | -47.37% | -14.11% | -33.26% |
Current DrawdownCurrent decline from peak | 0.00% | -0.44% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -15.73% | -1.76% | -13.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 0.86% | +3.23% |
Volatility
QUASX vs. AVAAX - Volatility Comparison
AB Small Cap Growth Portfolio (QUASX) has a higher volatility of 8.06% compared to AB Municipal Income Fund II Virginia Portfolio (AVAAX) at 0.78%. This indicates that QUASX's price experiences larger fluctuations and is considered to be riskier than AVAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QUASX | AVAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 0.78% | +7.28% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 2.06% | +17.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 2.64% | +22.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.51% | 3.92% | +22.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.63% | 3.77% | +21.86% |
QUASX vs. AVAAX - Expense Ratio Comparison
QUASX has a 1.11% expense ratio, which is higher than AVAAX's 0.80% expense ratio.
Dividends
QUASX vs. AVAAX - Dividend Comparison
QUASX has not paid dividends to shareholders, while AVAAX's dividend yield for the trailing twelve months is around 3.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVAAX AB Municipal Income Fund II Virginia Portfolio | 3.12% | 4.10% | 2.83% | 2.36% | 2.21% | 1.67% | 2.35% | 2.94% | 3.11% | 2.98% | 3.10% | 3.16% |
QUASX AB Small Cap Growth Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 9.07% | 9.86% | 18.20% | 19.70% | 9.29% | 2.32% | 9.19% |
Frequently Asked Questions
QUASX and AVAAX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QUASX has higher volatility (8.06%) compared to AVAAX (0.78%). In terms of maximum drawdown, QUASX dropped -60.97% vs AVAAX's -14.11%.
AVAAX currently has the higher Sharpe Ratio (2.46 vs 1.63), 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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