AFB vs HECA
Comparison between AllianceBernstein National Municipal Income Fund Inc (AFB, ETF) and HEDGEYE CAPITAL ALLOCATION ETF (HECA, ETF).
AFB vs HECA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
AFB
$347M
HECA
$346M
Expense Ratio
AFB
N/A
HECA
1.30%
Max Drawdown
AFB
56.18%
Winner
HECA
12.46%
Sharpe Ratio
Winner
AFB
1.58
HECA
0.64
5Y Beta
Winner
AFB
0.10
HECA
0.50
5Y Dividends CAGR
AFB
-2.44%
HECA
N/A
AFB vs HECA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
AFB
+3.38%
HECA
-1.71%
3M
Winner
AFB
+6.57%
HECA
-9.21%
6M
Winner
AFB
+7.95%
HECA
-1.44%
1Y
Winner
AFB
+16.73%
HECA
+10.25%
5Y(CAGR)
AFB
-1.17%
HECA
N/A
10Y(CAGR)
AFB
+1.61%
HECA
N/A
Max(CAGR)
AFB
+4.49%
Winner
HECA
+10.72%
AFB vs HECA - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | AFB | HECA |
|---|---|---|
| 2026 | +6.86% | -2.60% |
| 2025 | +3.74% | +12.83% |
| 2024 | +3.62% | N/A |
| 2023 | +6.52% | N/A |
| 2022 | -26.36% | N/A |
| 2021 | +7.80% | N/A |
| 2020 | +8.62% | N/A |
| 2019 | +17.80% | N/A |
| 2018 | -5.64% | N/A |
| 2017 | +5.98% | N/A |
| 2016 | +0.60% | N/A |
| 2015 | +6.57% | N/A |
| 2014 | +17.08% | N/A |
| 2013 | -16.19% | N/A |
| 2012 | +12.31% | N/A |
| 2011 | +23.79% | N/A |
| 2010 | +2.72% | N/A |
| 2009 | +46.56% | N/A |
| 2008 | -26.19% | N/A |
| 2007 | -7.62% | N/A |
| 2006 | +5.59% | N/A |
| 2005 | +17.67% | N/A |
| 2004 | +6.73% | N/A |
| 2003 | +9.12% | N/A |
| 2002 | -3.10% | N/A |
AFB vs HECA Drawdown Comparison
The maximum drawdown for AFB was -51.00%, occurring on Oct 10, 2008. Recovery took 746 trading sessions.
The maximum drawdown for HECA was -12.46%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The current AFB drawdown is -8.64%. The current HECA drawdown is -12.33%.
| Rank | AFB | HECA |
|---|---|---|
| #1 | -51.00% Oct 19, 2006 - Oct 7, 2009 | -12.46% Feb 25, 2026 - Jun 5, 2026 |
| #2 | -35.14% Dec 16, 2021 - Oct 20, 2023 | -5.01% Oct 15, 2025 - Jan 6, 2026 |
| #3 | -26.40% Jan 18, 2013 - Jan 7, 2016 | -3.39% Jan 28, 2026 - Feb 9, 2026 |
| #4 | -23.23% Mar 6, 2020 - Nov 27, 2020 | -3.35% Oct 8, 2025 - Oct 15, 2025 |
| #5 | -18.03% Oct 7, 2010 - Sep 13, 2011 | -2.34% Jul 23, 2025 - Aug 27, 2025 |
| #6 | -14.00% Mar 17, 2004 - Nov 1, 2004 | -1.15% Feb 13, 2026 - Feb 25, 2026 |
| #7 | -13.99% Jul 8, 2016 - Jun 13, 2019 | -1.02% Aug 28, 2025 - Sep 5, 2025 |
| #8 | -12.35% Jan 29, 2002 - Apr 28, 2003 | -0.80% Sep 22, 2025 - Sep 26, 2025 |
| #9 | -9.33% Oct 7, 2009 - Jan 25, 2010 | -0.68% Jul 3, 2025 - Jul 17, 2025 |
| #10 | -8.25% Mar 2, 2012 - May 17, 2012 | -0.63% Oct 6, 2025 - Oct 8, 2025 |
| #11 | -8.16% Jun 13, 2003 - Jan 9, 2004 | -0.63% Sep 8, 2025 - Sep 11, 2025 |
| #12 | -6.23% Oct 1, 2012 - Jan 7, 2013 | -0.61% Sep 15, 2025 - Sep 19, 2025 |
| #13 | -6.06% Sep 7, 2005 - Dec 15, 2005 | -0.58% Jan 16, 2026 - Jan 21, 2026 |
| #14 | -5.38% Jul 11, 2006 - Aug 1, 2006 | -0.57% Jan 22, 2026 - Jan 27, 2026 |
| #15 | -5.24% Jan 30, 2012 - Mar 2, 2012 | -0.57% Jan 6, 2026 - Jan 9, 2026 |
Correlation
Correlation between AFB and HECA is 0.65 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.65
-101
Dividend Comparison (2002 - 2026)
AFB vs HECA dividend yield comparison.
| Year | AFB | HECA |
|---|---|---|
| 2026 | 2.67% | 0.00% |
| 2025 | 4.72% | 2.02% |
| 2024 | 3.83% | 0.00% |
| 2023 | 3.62% | 0.00% |
| 2022 | 5.26% | 0.00% |
| 2021 | 4.32% | 0.00% |
| 2020 | 4.18% | 0.00% |
| 2019 | 3.93% | 0.00% |
| 2018 | 4.53% | 0.00% |
| 2017 | 4.70% | 0.00% |
| 2016 | 5.34% | 0.00% |
| 2015 | 5.80% | 0.00% |
| 2014 | 6.35% | 0.00% |
| 2013 | 7.06% | 0.00% |
| 2012 | 5.98% | 0.00% |
| 2011 | 6.29% | 0.00% |
| 2010 | 7.19% | 0.00% |
| 2009 | 6.64% | 0.00% |
| 2008 | 8.37% | 0.00% |
| 2007 | 5.91% | 0.00% |
| 2006 | 6.29% | 0.00% |
| 2005 | 6.48% | 0.00% |
| 2004 | 7.14% | 0.00% |
| 2003 | 6.81% | 0.00% |
| 2002 | 5.18% | 0.00% |
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