AllianceBernstein National Municipal Income Fund (AFB) vs Western Asset Emerging Markets Debt Fund (EMD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
On valuation, Western Asset Emerging Markets Debt Fund trades at a lower trailing P/E (5.9x vs 11.9x for AllianceBernstein National Municipal Income Fund). Western Asset Emerging Markets Debt Fund offers the higher dividend yield (12.36% vs 5.78%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AFB | EMD |
|---|---|---|
| Share price | $9.37 | $9.22 |
| 1-day change | +0.64% | 0.00% |
| P/E ratio (TTM) | 11.86 | 5.87 |
| EPS (TTM) | $0.79 | $1.57 |
| Dividend yield | 5.78% | 12.36% |
| Annual dividend | $0.542 | $1.14 |
| 52-week high | $11.50 | $11.30 |
| 52-week low | $9.28 | $9.10 |
| Distance from 52-week high | -18.52% | -18.41% |
| Average volume | 98.60K | 199.22K |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AllianceBernstein National Municipal Income Fund trades at a higher earnings multiple (11.9x vs 5.9x trailing P/E).
- Western Asset Emerging Markets Debt Fund offers a meaningfully higher dividend yield (12.36% vs 5.78%).
About AllianceBernstein National Municipal Income Fund
AFB stock →AllianceBernstein National Municipal Income Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P.
Financial Services · Asset Management
About Western Asset Emerging Markets Debt Fund
EMD stock →Western Asset Emerging Markets Debt Fund Inc. is an open ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Financial Services · Asset Management
AFB vs EMD FAQ
Which has the lower P/E ratio, AFB or EMD?
EMD has the lower trailing P/E at 5.9, versus 11.9 for AFB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, AllianceBernstein National Municipal Income Fund or Western Asset Emerging Markets Debt Fund?
Western Asset Emerging Markets Debt Fund has the higher yield at 12.36%, compared with 5.78% for AllianceBernstein National Municipal Income Fund.
Are AllianceBernstein National Municipal Income Fund and Western Asset Emerging Markets Debt Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.