AFB vs VALQ

Comparison between AllianceBernstein National Municipal Income Fund Inc (AFB, ETF) and AMERICAN CENTURY U.S. QUALITY VALUE ETF (VALQ, ETF).

5-Year PerformanceVALQ has outperformed AFB, delivering a return of +9.2% compared to -1.2%

AFB vs VALQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	AFB(ETF)	VALQ(ETF)
Net Assets	$347M	$348M
Expense Ratio	N/A	0.29%
Max Drawdown	56.18%	38.19%
Sharpe Ratio	1.58	1.02
5Y Beta	0.10	0.69
P/E Ratio	N/A	19.94
Forward P/E	N/A	15.37
PEG Ratio	N/A	0.34
5Y Dividends CAGR	-2.44%	14.53%
5Y EPS CAGR	N/A	11.74%
Debt to Equity	N/A	4.51%
P/S Ratio	N/A	1.82
P/B Ratio	N/A	4.11

Net Assets

AFB

$347M

Winner

VALQ

$348M

Expense Ratio

AFB

N/A

VALQ

0.29%

Max Drawdown

AFB

56.18%

Winner

VALQ

38.19%

Sharpe Ratio

Winner

AFB

1.58

VALQ

1.02

5Y Beta

Winner

AFB

0.10

VALQ

0.69

P/E Ratio

AFB

N/A

VALQ

19.94

Forward P/E

AFB

N/A

VALQ

15.37

PEG Ratio

AFB

N/A

VALQ

0.34

5Y Dividends CAGR

AFB

-2.44%

Winner

VALQ

14.53%

5Y EPS CAGR

AFB

N/A

VALQ

11.74%

Debt to Equity

AFB

N/A

VALQ

4.51%

P/S Ratio

AFB

N/A

VALQ

1.82

P/B Ratio

AFB

N/A

VALQ

4.11

AFB vs VALQ - Historical Returns

Returns include dividend reinvestment.

Period	AFB	VALQ
1 month	+3.38%	+5.31%
3 months	+6.57%	+6.24%
6 months	+7.95%	+5.91%
1 year	+16.73%	+15.94%
5 years(CAGR)	-1.17%	+9.16%
10 years(CAGR)	+1.61%	+8.92%
Max(CAGR)	+4.49%	+8.92%

AFB

+3.38%

Winner

VALQ

+5.31%

Winner

AFB

+6.57%

VALQ

+6.24%

Winner

AFB

+7.95%

VALQ

+5.91%

Winner

AFB

+16.73%

VALQ

+15.94%

5Y(CAGR)

AFB

-1.17%

Winner

VALQ

+9.16%

10Y(CAGR)

AFB

+1.61%

Winner

VALQ

+8.92%

Max(CAGR)

AFB

+4.49%

Winner

VALQ

+8.92%

AFB vs VALQ - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	AFB	VALQ
2026	+6.86%	+5.89%
2025	+3.74%	+10.83%
2024	+3.62%	+16.88%
2023	+6.52%	+13.99%
2022	-26.36%	-7.93%
2021	+7.80%	+28.72%
2020	+8.62%	+0.66%
2019	+17.80%	+24.50%
2018	-5.64%	-10.45%
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 VALQ Drawdown Comparison

The maximum drawdown for AFB was -51.00%, occurring on Oct 10, 2008. Recovery took 746 trading sessions.

The maximum drawdown for VALQ was -38.19%, occurring on Mar 23, 2020. Recovery took 227 trading sessions.

The current AFB drawdown is -8.64%. The current VALQ drawdown is -0.26%.

Rank	AFB	VALQ
#1	-51.00% Oct 19, 2006 - Oct 7, 2009	-38.19% Feb 12, 2020 - Jan 6, 2021
#2	-35.14% Dec 16, 2021 - Oct 20, 2023	-20.19% Apr 20, 2022 - Dec 11, 2023
#3	-26.40% Jan 18, 2013 - Jan 7, 2016	-18.24% Sep 20, 2018 - Sep 11, 2019
#4	-23.23% Mar 6, 2020 - Nov 27, 2020	-15.62% Feb 19, 2025 - Aug 13, 2025
#5	-18.03% Oct 7, 2010 - Sep 13, 2011	-9.45% Jan 26, 2018 - Aug 17, 2018
#6	-14.00% Mar 17, 2004 - Nov 1, 2004	-8.36% Jan 4, 2022 - Apr 20, 2022
#7	-13.99% Jul 8, 2016 - Jun 13, 2019	-7.85% Feb 6, 2026 - Jun 1, 2026
#8	-12.35% Jan 29, 2002 - Apr 28, 2003	-6.61% Mar 28, 2024 - Jul 16, 2024
#9	-9.33% Oct 7, 2009 - Jan 25, 2010	-6.11% Dec 2, 2024 - Feb 19, 2025
#10	-8.25% Mar 2, 2012 - May 17, 2012	-5.70% Sep 2, 2021 - Nov 12, 2021
#11	-8.16% Jun 13, 2003 - Jan 9, 2004	-5.30% Nov 15, 2021 - Dec 23, 2021
#12	-6.23% Oct 1, 2012 - Jan 7, 2013	-5.02% Jul 16, 2024 - Aug 19, 2024
#13	-6.06% Sep 7, 2005 - Dec 15, 2005	-4.62% Oct 27, 2025 - Nov 28, 2025
#14	-5.38% Jul 11, 2006 - Aug 1, 2006	-4.24% Jan 17, 2020 - Feb 12, 2020
#15	-5.24% Jan 30, 2012 - Mar 2, 2012	-4.01% May 10, 2021 - Jul 23, 2021

Correlation

Correlation between AFB and VALQ is 0.28 which considered as a very weak or no correlation - the stocks move independently of each other.

0.28

-101

Dividend Comparison (2002 - 2026)

AFB vs VALQ dividend yield comparison.

Year	AFB	VALQ
2026	2.67%	0.87%
2025	4.72%	1.88%
2024	3.83%	1.58%
2023	3.62%	1.76%
2022	5.26%	2.71%
2021	4.32%	1.58%
2020	4.18%	2.08%
2019	3.93%	2.31%
2018	4.53%	2.35%
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%