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 | |
|---|---|---|---|---|---|
| Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 0.09% | 17.60B | Nov 2001 | MISHX vs VWALX | |
| BlackRock Allocation Target Shares Series E Portfo... | 0.11% | — | Aug 2014 | MISHX vs BATEX | |
| Vanguard High-Yield Tax-Exempt Fund Investor Share... | 0.17% | 17.60B | Dec 1978 | MISHX vs VWAHX | |
| Eaton Vance High Yield Municipal Income Fund Class... | 0.18% | — | May 2007 | MISHX vs EWHYX | |
| 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 80. There are 30 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price Tax Free High Yield Fund | 96 | — | Feb 1985 | MISHX vs PRFHX | |
| Federated Hermes Municipal High Yield Advtg Fd | 95 | — | Apr 1987 | MISHX vs FHTFX | |
| Invesco Short Duration High Yield Municipal Fund | 94 | — | Sep 2015 | MISHX vs ISHYX | |
| Columbia High Yield Municipal Fund | 93 | — | Mar 1984 | MISHX vs SRHMX | |
| Allspring High Yield Municipal Bond Fund | 93 | — | Jan 2013 | MISHX vs WHYIX |
Top Performing MISHX Alternatives (YTD)
MISHX is at 2.54% YTD. There are 39 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 5.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal High Income Opportunity Fund | 5.99% | — | Nov 2003 | MISHX vs NMZ | |
| Eaton Vance High Yield Municipal Income Fund Class... | 4.05% | — | May 2007 | MISHX vs EWHYX | |
| Columbia High Yield Municipal Fund | 3.92% | — | Mar 1984 | MISHX vs SRHMX | |
| Nuveen High Yield Municipal Bond Fund Class R6 | 3.90% | — | Jun 2016 | MISHX vs NHMFX | |
| Nuveen High Yield Municipal Bond Fund | 3.88% | — | Jun 1999 | MISHX vs NHMRX |
Lowest Volatility Alternatives to MISHX
MISHX has 3.25% 1-year volatility. There are 18 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Managed Municipal Income Fund | 2.07% | — | Mar 2017 | MISHX vs RWMIX | |
| Lord Abbett Short Duration High Income Municipal B... | 2.07% | — | Jun 2015 | MISHX vs SDHIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 2.26% | — | Jan 2013 | MISHX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | 2.29% | — | Sep 2015 | MISHX vs ISHYX | |
| Counterpoint Tactical Municipal Fund | 2.58% | — | Jun 2018 | MISHX vs TMNIX |
Lowest Drawdown Alternatives to MISHX
MISHX has a 1-year max drawdown of -3.09%. There are 34 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.79%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Short Duration High Yield Municipal Bond Fu... | -1.79% | — | Jan 2013 | MISHX vs NVHIX | |
| Invesco Short Duration High Yield Municipal Fund | -1.89% | — | Sep 2015 | MISHX vs ISHYX | |
| abrdn Short Duration High Yield Municipal Fund | -1.98% | — | May 2013 | MISHX vs AHYMX | |
| First Eagle Short Duration High Yield Municipal Fu... | -1.99% | — | Feb 2024 | MISHX vs FDUAX | |
| 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 | |
|---|---|---|---|---|---|---|---|
| AB Large Cap Growth Fund Class A | Large Cap Growth Equities | 11 | 4.57% | — | Oct 1996 | MISHX vs APGAX | |
| AB Large Cap Growth Fund Advisor Class | Large Cap Growth Equities | 11 | 4.71% | — | Jan 1996 | MISHX vs APGYX | |
| AB Large Cap Growth Fund Class Z | Large Cap Growth Equities | 12 | 4.76% | — | Jul 2015 | MISHX vs APGZX | |
| AB Growth Fund | Large Cap Growth Equities | 12 | 6.56% | — | Sep 1990 | MISHX vs AGRFX | |
| AB High Income Fund | High Yield Bonds | 71 | 2.18% | — | Feb 1994 | MISHX vs AGDAX | |
| AB Sustainable Global Thematic Fund | Global Equities | 5 | 3.78% | — | Feb 1982 | MISHX vs ALTFX | |
| AB Small Cap Growth Portfolio | Small Cap Growth Equities | 32 | 21.46% | — | Feb 1969 | MISHX vs QUASX | |
| AB Income Fund | Intermediate Core-Plus Bond | 17 | 0.08% | — | Aug 1987 | MISHX vs ACGYX | |
| AllianceBernstein Global High Income Closed Fund | High Yield Bonds | 3 | -1.22% | — | Jul 1993 | MISHX vs AWF | |
| AB High Income Municipal Portfolio | High Yield Muni | 73 | 2.82% | — | Jan 2010 | MISHX vs ABTYX |
Often Compared With MISHX
Investors most often compare MISHX with FEHIX, SCHD, VTEB. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare MISHX with Any Fund or Stock
Compare MISHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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