YEAR vs. NYM
YEAR (AB Ultra Short Income ETF) and NYM (AB New York Intermediate Municipal ETF) are both exchange-traded funds - YEAR is a Ultrashort Bond fund actively managed by AllianceBernstein, while NYM is a Municipal Bonds fund actively managed by AllianceBernstein. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. YEAR charges 0.25%/yr vs 0.27%/yr for NYM.
Performance
YEAR vs. NYM - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with YEAR having a 1.53% return and NYM slightly lower at 1.52%.
YEAR
- 1D
- 0.02%
- 1M
- 0.22%
- 6M
- 1.41%
- YTD
- 1.53%
- 1Y
- 3.64%
- 3Y*
- 4.92%
- 5Y*
- —
- 10Y*
- —
NYM
- 1D
- -0.06%
- 1M
- 0.20%
- 6M
- 1.21%
- YTD
- 1.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YEAR vs. NYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YEAR AB Ultra Short Income ETF | 1.53% | 0.58% |
NYM AB New York Intermediate Municipal ETF | 1.52% | 0.47% |
Correlation
The correlation between YEAR and NYM is 0.41, 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 10, 2025 | 0.41 |
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Return for Risk
YEAR vs. NYM — Risk / Return Rank
YEAR
NYM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
YEAR vs. NYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Ultra Short Income ETF (YEAR) 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.
| YEAR | NYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 16.09 | — | — |
| Martin ratioReturn relative to average drawdown | 70.27 | — | — |
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Drawdowns
YEAR vs. NYM - Drawdown Comparison
The maximum YEAR drawdown since its inception was -0.64%, smaller than the maximum NYM drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for YEAR and NYM.
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Drawdown Indicators
| YEAR | NYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.64% | -1.76% | +1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.43% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.32% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.38% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | — | — |
Volatility
YEAR vs. NYM - Volatility Comparison
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Volatility by Period
| YEAR | NYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 1.97% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.15% | 1.97% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.15% | 1.97% | -0.82% |
YEAR vs. NYM - Expense Ratio Comparison
YEAR has a 0.25% expense ratio, which is lower than NYM's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
YEAR vs. NYM - Dividend Comparison
YEAR's dividend yield for the trailing twelve months is around 4.09%, more than NYM's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
NYM AB New York Intermediate Municipal ETF | 1.97% | 0.49% | 0.00% | 0.00% | 0.00% |
YEAR AB Ultra Short Income ETF | 4.09% | 4.33% | 5.16% | 5.00% | 1.19% |
Frequently Asked Questions
YEAR and NYM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YEAR is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YEAR is cheaper with a 0.25% expense ratio, compared with 0.27% for NYM.
YEAR has the higher dividend yield at 4.09%, compared with 1.97% for NYM.
YEAR is categorized as Ultrashort Bond, while NYM is Municipal Bonds. Their fees differ too: 0.25% for YEAR and 0.27% for NYM.
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