One World Ruby applies to only one?
You're in an interesting spot.
If you decide to switch to AA then of course all of your accrual activity goes there. Any automatic privileges (eg boarding or upgrade) will be assessed based electronically on that status for a flight.
However for things like lounge access or getting into check in lines at the airport you may be able to wave a ruby MH card.
Worth thinking things through in advance for your trips in this year while transitioning.