CIGYX vs. MISHX
CIGYX (AB Concentrated International Growth Portfolio) and MISHX (AB Municipal Income Shares) are both mutual funds - CIGYX is a Foreign Large Cap Equities fund managed by AllianceBernstein, while MISHX is a High Yield Muni fund managed by AllianceBernstein. Over the past 10 years, CIGYX returned 4.16%/yr vs 3.33%/yr for MISHX. Their 0.11 correlation means their historical movements had little consistent relationship. CIGYX charges 0.87%/yr vs 0.00%/yr for MISHX.
Performance
CIGYX vs. MISHX - Performance Comparison
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Returns By Period
In the year-to-date period, CIGYX achieves a -0.61% return, which is significantly lower than MISHX's 0.89% return. Over the past 10 years, CIGYX has outperformed MISHX with an annualized return of 4.16%, while MISHX has yielded a comparatively lower 3.33% annualized return.
CIGYX
- 1D
- 2.25%
- 1M
- 1.34%
- 6M
- 0.18%
- YTD
- -0.61%
- 1Y
- 1.95%
- 3Y*
- 0.75%
- 5Y*
- -5.64%
- 10Y*
- 4.16%
- ALL TIME*
- 3.88%
MISHX
- 1D
- -0.36%
- 1M
- -2.05%
- 6M
- 0.10%
- YTD
- 0.89%
- 1Y
- 6.01%
- 3Y*
- 5.33%
- 5Y*
- 1.03%
- 10Y*
- 3.33%
- ALL TIME*
- 4.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CIGYX vs. MISHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIGYX AB Concentrated International Growth Portfolio | -0.61% | 10.99% | -0.94% | 4.26% | -30.89% | 3.39% | 22.61% | 34.70% | -16.45% | 37.85% |
MISHX AB Municipal Income Shares | 0.89% | 6.41% | 5.29% | 6.24% | -12.77% | 6.81% | 6.22% | 11.52% | 0.80% | 9.59% |
Correlation
The correlation between CIGYX and MISHX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.11 |
Over the past year, CIGYX and MISHX have become more correlated (0.33) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
CIGYX vs. MISHX — Risk / Return Rank
CIGYX
MISHX
CIGYX vs. MISHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Concentrated International Growth Portfolio (CIGYX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CIGYX | MISHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.53 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.32 | -2.38 |
| Martin ratioReturn relative to average drawdown | -0.15 | 8.05 | -8.20 |
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Drawdowns
CIGYX vs. MISHX - Drawdown Comparison
The maximum CIGYX drawdown since its inception was -45.02%, which is greater than MISHX's maximum drawdown of -19.03%. Use the drawdown chart below to compare losses from any high point for CIGYX and MISHX.
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Drawdown Indicators
| CIGYX | MISHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.02% | -19.03% | -25.99% |
Max Drawdown (1Y)Largest decline over 1 year | -19.78% | -3.09% | -16.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.78% | -6.94% | -12.84% |
Max Drawdown (5Y)Largest decline over 5 years | -45.02% | -18.20% | -26.82% |
Max Drawdown (10Y)Largest decline over 10 years | -45.02% | -19.03% | -25.99% |
Current DrawdownCurrent decline from peak | -28.09% | -2.14% | -25.95% |
Average DrawdownAverage peak-to-trough decline | -16.71% | -3.38% | -13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.08% | 0.89% | +7.19% |
Volatility
CIGYX vs. MISHX - Volatility Comparison
AB Concentrated International Growth Portfolio (CIGYX) has a higher volatility of 5.49% compared to AB Municipal Income Shares (MISHX) at 1.01%. This indicates that CIGYX'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
| CIGYX | MISHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 1.01% | +4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | 2.68% | +13.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.80% | 3.32% | +16.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.33% | 5.02% | +14.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 5.19% | +12.99% |
CIGYX vs. MISHX - Expense Ratio Comparison
CIGYX has a 0.87% expense ratio, which is higher than MISHX's 0.00% expense ratio.
Dividends
CIGYX vs. MISHX - Dividend Comparison
CIGYX's dividend yield for the trailing twelve months is around 0.61%, less than MISHX's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIGYX AB Concentrated International Growth Portfolio | 0.61% | 0.61% | 0.62% | 0.00% | 0.00% | 1.82% | 1.49% | 0.99% | 7.83% | 3.22% | 0.82% | 0.00% |
MISHX AB Municipal Income Shares | 4.51% | 6.23% | 4.80% | 3.23% | 3.75% | 2.77% | 3.56% | 3.98% | 3.77% | 3.78% | 4.25% | 4.38% |
Frequently Asked Questions
CIGYX and MISHX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIGYX has higher volatility (5.49%) compared to MISHX (1.01%). In terms of maximum drawdown, CIGYX dropped -45.02% vs MISHX's -19.03%.
MISHX currently has the higher Sharpe Ratio (2.16 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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