AUIAX vs. MISHX
Compare and contrast key facts about AB Equity Income Fund (AUIAX) and AB Municipal Income Shares (MISHX).
AUIAX is managed by AllianceBernstein. It was launched on Oct 18, 1993. MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010.
Performance
AUIAX vs. MISHX - Performance Comparison
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AUIAX vs. MISHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUIAX AB Equity Income Fund | -0.80% | 17.97% | 17.48% | 22.48% | -10.26% | 25.25% | 4.18% | 24.59% | -6.82% | 16.34% |
MISHX AB Municipal Income Shares | -0.28% | 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, AUIAX achieves a -0.80% return, which is significantly lower than MISHX's -0.28% return. Over the past 10 years, AUIAX has outperformed MISHX with an annualized return of 11.12%, while MISHX has yielded a comparatively lower 3.67% annualized return.
AUIAX
- 1D
- 2.44%
- 1M
- -4.64%
- YTD
- -0.80%
- 6M
- 1.21%
- 1Y
- 18.05%
- 3Y*
- 16.79%
- 5Y*
- 11.65%
- 10Y*
- 11.12%
MISHX
- 1D
- 0.36%
- 1M
- -2.13%
- YTD
- -0.28%
- 6M
- 1.03%
- 1Y
- 3.93%
- 3Y*
- 4.92%
- 5Y*
- 1.71%
- 10Y*
- 3.67%
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AUIAX vs. MISHX - Expense Ratio Comparison
AUIAX has a 0.97% expense ratio, which is higher than MISHX's 0.00% expense ratio.
Return for Risk
AUIAX vs. MISHX — Risk / Return Rank
AUIAX
MISHX
AUIAX vs. MISHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Equity Income Fund (AUIAX) 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.
| AUIAX | MISHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.79 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.56 | 1.09 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.00 | +0.55 |
Martin ratioReturn relative to average drawdown | 7.06 | 3.23 | +3.82 |
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
| AUIAX | MISHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.79 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.35 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.71 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.90 | -0.31 |
Correlation
The correlation between AUIAX and MISHX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
AUIAX vs. MISHX - Dividend Comparison
AUIAX's dividend yield for the trailing twelve months is around 8.09%, more than MISHX's 4.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUIAX AB Equity Income Fund | 8.09% | 8.11% | 10.53% | 2.68% | 7.73% | 16.44% | 2.65% | 5.61% | 13.48% | 5.38% | 2.85% | 5.39% |
MISHX AB Municipal Income Shares | 4.83% | 6.23% | 4.80% | 3.23% | 3.75% | 2.77% | 3.56% | 3.98% | 3.77% | 3.78% | 4.25% | 4.38% |
Drawdowns
AUIAX vs. MISHX - Drawdown Comparison
The maximum AUIAX drawdown since its inception was -46.97%, which is greater than MISHX's maximum drawdown of -19.03%. Use the drawdown chart below to compare losses from any high point for AUIAX and MISHX.
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Drawdown Indicators
| AUIAX | MISHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.97% | -19.03% | -27.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -5.34% | -6.99% |
Max Drawdown (5Y)Largest decline over 5 years | -20.88% | -18.20% | -2.68% |
Max Drawdown (10Y)Largest decline over 10 years | -35.81% | -19.03% | -16.78% |
Current DrawdownCurrent decline from peak | -5.90% | -2.47% | -3.43% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -3.44% | -4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 1.65% | +1.07% |
Volatility
AUIAX vs. MISHX - Volatility Comparison
AB Equity Income Fund (AUIAX) has a higher volatility of 4.78% compared to AB Municipal Income Shares (MISHX) at 1.29%. This indicates that AUIAX'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
| AUIAX | MISHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 1.29% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.98% | 2.02% | +6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 5.64% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.96% | 4.95% | +11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 5.17% | +12.11% |