ANAZX vs. MISHX
Compare and contrast key facts about AB Global Bond Fund Class Z (ANAZX) and AB Municipal Income Shares (MISHX).
ANAZX is managed by AllianceBernstein. It was launched on Oct 15, 2013. MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010.
Performance
ANAZX vs. MISHX - Performance Comparison
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ANAZX vs. MISHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANAZX AB Global Bond Fund Class Z | -0.99% | 6.42% | 2.70% | 5.99% | -12.17% | -2.14% | 5.13% | 7.84% | 0.38% | 3.18% |
MISHX AB Municipal Income Shares | -0.64% | 6.41% | 5.29% | 6.24% | -12.77% | 6.81% | 6.22% | 11.52% | 0.80% | 9.59% |
Returns By Period
In the year-to-date period, ANAZX achieves a -0.99% return, which is significantly lower than MISHX's -0.64% return. Over the past 10 years, ANAZX has underperformed MISHX with an annualized return of 1.73%, while MISHX has yielded a comparatively higher 3.64% annualized return.
ANAZX
- 1D
- 0.44%
- 1M
- -2.70%
- YTD
- -0.99%
- 6M
- -0.48%
- 1Y
- 2.84%
- 3Y*
- 3.79%
- 5Y*
- 0.22%
- 10Y*
- 1.73%
MISHX
- 1D
- 0.27%
- 1M
- -2.83%
- YTD
- -0.64%
- 6M
- 0.75%
- 1Y
- 4.02%
- 3Y*
- 4.79%
- 5Y*
- 1.66%
- 10Y*
- 3.64%
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ANAZX vs. MISHX - Expense Ratio Comparison
ANAZX has a 0.52% expense ratio, which is higher than MISHX's 0.00% expense ratio.
Return for Risk
ANAZX vs. MISHX — Risk / Return Rank
ANAZX
MISHX
ANAZX vs. MISHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Global Bond Fund Class Z (ANAZX) and AB Municipal Income Shares (MISHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ANAZX | MISHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.89 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.22 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.00 | +0.26 |
Martin ratioReturn relative to average drawdown | 5.19 | 3.25 | +1.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ANAZX | MISHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.89 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.34 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.71 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.90 | -0.24 |
Correlation
The correlation between ANAZX and MISHX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ANAZX vs. MISHX - Dividend Comparison
ANAZX's dividend yield for the trailing twelve months is around 3.73%, less than MISHX's 4.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANAZX AB Global Bond Fund Class Z | 3.73% | 4.89% | 3.67% | 2.53% | 8.39% | 2.73% | 2.64% | 3.71% | 3.17% | 2.53% | 3.27% | 4.06% |
MISHX AB Municipal Income Shares | 4.85% | 6.23% | 4.80% | 3.23% | 3.75% | 2.77% | 3.56% | 3.98% | 3.77% | 3.78% | 4.25% | 4.38% |
Drawdowns
ANAZX vs. MISHX - Drawdown Comparison
The maximum ANAZX drawdown since its inception was -17.24%, smaller than the maximum MISHX drawdown of -19.03%. Use the drawdown chart below to compare losses from any high point for ANAZX and MISHX.
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Drawdown Indicators
| ANAZX | MISHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -19.03% | +1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -5.34% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.24% | -18.20% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -17.24% | -19.03% | +1.79% |
Current DrawdownCurrent decline from peak | -2.70% | -2.83% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -3.44% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.65% | -0.89% |
Volatility
ANAZX vs. MISHX - Volatility Comparison
AB Global Bond Fund Class Z (ANAZX) has a higher volatility of 1.47% compared to AB Municipal Income Shares (MISHX) at 1.22%. This indicates that ANAZX's price experiences larger fluctuations and is considered to be riskier than MISHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANAZX | MISHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.22% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 1.99% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 5.64% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 4.95% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.72% | 5.17% | -1.45% |