VALQ vs AFB

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

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

VALQ vs AFB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

VALQ

$348M

AFB

$347M

Expense Ratio

VALQ

0.29%

AFB

N/A

Max Drawdown

Winner

VALQ

38.19%

AFB

56.18%

Sharpe Ratio

VALQ

1.02

Winner

AFB

1.58

5Y Beta

VALQ

0.69

Winner

AFB

0.10

P/E Ratio

VALQ

19.94

AFB

N/A

Forward P/E

VALQ

15.37

AFB

N/A

PEG Ratio

VALQ

0.34

AFB

N/A

5Y Dividends CAGR

Winner

VALQ

14.53%

AFB

-2.44%

5Y EPS CAGR

VALQ

11.74%

AFB

N/A

Debt to Equity

VALQ

4.51%

AFB

N/A

P/S Ratio

VALQ

1.82

AFB

N/A

P/B Ratio

VALQ

4.11

AFB

N/A

VALQ vs AFB - Historical Returns

Returns include dividend reinvestment.

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

Winner

VALQ

+5.31%

AFB

+3.38%

VALQ

+6.24%

Winner

AFB

+6.57%

VALQ

+5.91%

Winner

AFB

+7.95%

VALQ

+15.94%

Winner

AFB

+16.73%

5Y(CAGR)

Winner

VALQ

+9.16%

AFB

-1.17%

10Y(CAGR)

Winner

VALQ

+8.92%

AFB

+1.61%

Max(CAGR)

Winner

VALQ

+8.92%

AFB

+4.49%

VALQ vs AFB - Annual Returns (2002 - 2026)

Returns include dividend reinvestment.

Year	VALQ	AFB
2026	+5.89%	+6.86%
2025	+10.83%	+3.74%
2024	+16.88%	+3.62%
2023	+13.99%	+6.52%
2022	-7.93%	-26.36%
2021	+28.72%	+7.80%
2020	+0.66%	+8.62%
2019	+24.50%	+17.80%
2018	-10.45%	-5.64%
2017	N/A	+5.98%
2016	N/A	+0.60%
2015	N/A	+6.57%
2014	N/A	+17.08%
2013	N/A	-16.19%
2012	N/A	+12.31%
2011	N/A	+23.79%
2010	N/A	+2.72%
2009	N/A	+46.56%
2008	N/A	-26.19%
2007	N/A	-7.62%
2006	N/A	+5.59%
2005	N/A	+17.67%
2004	N/A	+6.73%
2003	N/A	+9.12%
2002	N/A	-3.10%

VALQ vs AFB Drawdown Comparison

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

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

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

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

Correlation

Correlation between VALQ and AFB 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)

VALQ vs AFB dividend yield comparison.

Year	VALQ	AFB
2026	0.87%	2.67%
2025	1.88%	4.72%
2024	1.58%	3.83%
2023	1.76%	3.62%
2022	2.71%	5.26%
2021	1.58%	4.32%
2020	2.08%	4.18%
2019	2.31%	3.93%
2018	2.35%	4.53%
2017	0.00%	4.70%
2016	0.00%	5.34%
2015	0.00%	5.80%
2014	0.00%	6.35%
2013	0.00%	7.06%
2012	0.00%	5.98%
2011	0.00%	6.29%
2010	0.00%	7.19%
2009	0.00%	6.64%
2008	0.00%	8.37%
2007	0.00%	5.91%
2006	0.00%	6.29%
2005	0.00%	6.48%
2004	0.00%	7.14%
2003	0.00%	6.81%
2002	0.00%	5.18%