MISHX Alternatives & Similar Mutual Funds

AB Municipal Income Shares (MISHX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MISHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to MISHX

MISHX charges 0.00% annually. No mutual funds in the High Yield Muni category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	0.09%	17.80B	Nov 2001	MISHX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	MISHX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.80B	Dec 1978	MISHX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	MISHX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	MISHX vs HIMFX

Best Risk-Adjusted Alternatives to MISHX

MISHX has a PortfoliosLab risk / return rank of 70. There are 37 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 95.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	95	—	Feb 1985	MISHX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	94	—	Apr 1987	MISHX vs FHTFX
WHYIX	Allspring High Yield Municipal Bond Fund	92	—	Jan 2013	MISHX vs WHYIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	91	—	Sep 2015	MISHX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	91	—	Mar 1984	MISHX vs SRHMX

Top Performing MISHX Alternatives (YTD)

MISHX is at 0.70% YTD. There are 42 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 4.40%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	4.40%	—	Nov 2003	MISHX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	2.40%	—	May 2007	MISHX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	2.16%	—	Jun 2016	MISHX vs NHMFX
NHMRX	Nuveen High Yield Municipal Bond Fund	2.14%	—	Jun 1999	MISHX vs NHMRX
SRHMX	Columbia High Yield Municipal Fund	2.11%	—	Mar 1984	MISHX vs SRHMX

Lowest Volatility Alternatives to MISHX

MISHX has 3.32% 1-year volatility. There are 21 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.13%.

Symbol	Name	Volatility 1Y	AUM	Inception
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.13%	—	Jun 2015	MISHX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.18%	—	Jan 2013	MISHX vs NVHIX
RWMIX	Redwood Managed Municipal Income Fund	2.28%	—	Mar 2017	MISHX vs RWMIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.36%	—	Sep 2015	MISHX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	2.62%	—	May 2013	MISHX vs AHYMX

Lowest Drawdown Alternatives to MISHX

MISHX has a 1-year max drawdown of -3.09%. There are 35 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.71%	—	Feb 2024	MISHX vs FDUAX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.79%	—	Jan 2013	MISHX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	MISHX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	MISHX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	MISHX vs SDHIX

Other Mutual Funds from AllianceBernstein

The 10 most viewed AllianceBernstein mutual funds shown here include APGAX, APGYX, APGZX and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
APGAX	AB Large Cap Growth Fund Class A	Large Cap Growth Equities	9	1.92%	—	Oct 1996	MISHX vs APGAX
APGYX	AB Large Cap Growth Fund Advisor Class	Large Cap Growth Equities	9	2.06%	—	Oct 1996	MISHX vs APGYX
APGZX	AB Large Cap Growth Fund Class Z	Large Cap Growth Equities	10	2.13%	—	Jul 2015	MISHX vs APGZX
AGRFX	AB Growth Fund	Large Cap Growth Equities	10	4.46%	—	Sep 1990	MISHX vs AGRFX
AGDAX	AB High Income Fund	High Yield Bonds	52	1.45%	—	Feb 1994	MISHX vs AGDAX
ALTFX	AB Sustainable Global Thematic Fund	Global Equities	6	1.83%	—	Feb 1982	MISHX vs ALTFX
ACGYX	AB Income Fund	Intermediate Core-Plus Bond	13	-0.87%	—	Aug 1987	MISHX vs ACGYX
AWF	AllianceBernstein Global High Income Closed Fund	High Yield Bonds	2	-1.31%	—	Jul 1993	MISHX vs AWF
QUASX	AB Small Cap Growth Portfolio	Small Cap Growth Equities	24	13.68%	—	Feb 1969	MISHX vs QUASX
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	64	0.53%	—	Jan 2010	MISHX vs ABTYX

Often Compared With MISHX

Investors most often compare MISHX with FEHIX, SCHD, VTEB. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
FEHIX	First Eagle High Income Fund	High Yield Bonds	57	1.75%	—	Nov 2007	MISHX vs FEHIX
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	95	24.36%	104.16B	Oct 2011	MISHX vs SCHD
VTEB	Vanguard Tax-Exempt Bond ETF	Municipal Bonds	68	0.43%	48.80B	Aug 2015	MISHX vs VTEB
ICMUX	Intrepid Income Fund	Multisector Bonds, High Yield Bonds, Actively Managed	96	2.16%	—	Aug 2010	MISHX vs ICMUX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	High Yield Bonds	53	0.58%	25.80B	Dec 1978	MISHX vs VWEHX
SPYI	NEOS S&P 500 High Income ETF	Derivative Income, S&P 500	80	9.18%	11.05B	Aug 2022	MISHX vs SPYI
ANBIX	AB Bond Inflation Strategy	Inflation-Protected Bonds	44	0.93%	—	Jan 2010	MISHX vs ANBIX
ALTHX	AB Municipal Income Fund National Portfolio	Municipal Bonds	67	0.40%	—	Dec 1986	MISHX vs ALTHX
CABDX	AB Relative Value Fund	Large Cap Value Equities	91	17.05%	—	Jul 1932	MISHX vs CABDX
ANAZX	AB Global Bond Fund Class Z	Global Bonds	11	-0.11%	—	Oct 2013	MISHX vs ANAZX
CHCLX	AB Discovery Growth Fund	Mid Cap Growth Equities	14	6.31%	—	Jul 1938	MISHX vs CHCLX
ALNYX	AB Municipal Income Fund New York Portfolio	Municipal Bonds	80	0.92%	—	Dec 1986	MISHX vs ALNYX
SHYD	VanEck Short High Yield Muni ETF	Municipal Bonds	54	0.91%	450.61M	Jan 2014	MISHX vs SHYD
HYD	VanEck High Yield Muni ETF	Municipal Bonds	61	0.50%	4.44B	Feb 2009	MISHX vs HYD
ANAGX	AB Global Bond Fund	Global Bonds	10	-0.24%	—	Mar 1992	MISHX vs ANAGX
ASILX	AB Select US Long/Short Portfolio	Long-Short	71	5.03%	—	Dec 2012	MISHX vs ASILX
WPSGX	AB Concentrated Growth Fund	Large Cap Growth Equities	2	-2.38%	—	Feb 1994	MISHX vs WPSGX
ALCAX	AB Municipal Income Fund California Portfolio	Municipal Bonds	62	0.15%	—	Dec 1986	MISHX vs ALCAX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	83	1.76%	—	Sep 2005	MISHX vs DHMBX
AUUIX	AB Select US Equity Portfolio	Large Cap Blend Equities	63	10.14%	—	Dec 2011	MISHX vs AUUIX

Compare MISHX with Any Fund or Stock

Compare MISHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair MISHX with funds that move differently

AB Municipal Income Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MISHX.

Explore MISHX Diversifiers

AB Municipal Income Shares (MISHX) Alternatives