At least in the screenshot you posted, your playlist is sorted by Artist (which happens to also sort your albums alphabetically within the artists).
If you click on the header of the Album column, the playlist will sort alphabetically by album title (but not by Artist).
Clicking the Album column header again will change the name of the column to Album by Artist. This sorts the albums first alphabetically by artist, then alphabetically by album name.
Clicking that same column header a third time will change the name of the column to Album by Artist/Year. This sorts the albums alphabetically by artist, then sorts the albums within each artist chronologically instead of alphabetically. I think this is what you want. This option is not within a menu, but is accessed by repeatedly clicking the Album column header. Hope this helps!