DHMBX vs. MISHX
Compare and contrast key facts about BNY Mellon High Yield Municipal Bond Fund (DHMBX) and AB Municipal Income Shares (MISHX).
DHMBX is managed by BNY Mellon. It was launched on Sep 29, 2005. MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010.
Performance
DHMBX vs. MISHX - Performance Comparison
Loading graphics...
DHMBX vs. MISHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHMBX BNY Mellon High Yield Municipal Bond Fund | -0.39% | 2.64% | 4.41% | 6.50% | -17.25% | 5.58% | 2.85% | 10.76% | 1.64% | 12.78% |
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, DHMBX achieves a -0.39% return, which is significantly higher than MISHX's -0.64% return. Over the past 10 years, DHMBX has underperformed MISHX with an annualized return of 2.36%, while MISHX has yielded a comparatively higher 3.64% annualized return.
DHMBX
- 1D
- 0.19%
- 1M
- -3.14%
- YTD
- -0.39%
- 6M
- 1.31%
- 1Y
- 2.43%
- 3Y*
- 3.52%
- 5Y*
- -0.37%
- 10Y*
- 2.36%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DHMBX vs. MISHX - Expense Ratio Comparison
DHMBX has a 0.69% expense ratio, which is higher than MISHX's 0.00% expense ratio.
Return for Risk
DHMBX vs. MISHX — Risk / Return Rank
DHMBX
MISHX
DHMBX vs. MISHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Municipal Bond Fund (DHMBX) 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.
| DHMBX | MISHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 0.89 | -0.46 |
Sortino ratioReturn per unit of downside risk | 0.61 | 1.22 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 1.00 | -0.49 |
Martin ratioReturn relative to average drawdown | 1.33 | 3.25 | -1.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DHMBX | MISHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.89 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.34 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.71 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.90 | -0.20 |
Correlation
The correlation between DHMBX and MISHX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DHMBX vs. MISHX - Dividend Comparison
DHMBX's dividend yield for the trailing twelve months is around 4.08%, less than MISHX's 4.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHMBX BNY Mellon High Yield Municipal Bond Fund | 4.08% | 5.37% | 3.96% | 3.13% | 3.09% | 2.47% | 3.46% | 4.19% | 4.13% | 3.66% | 4.95% | 4.50% |
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
DHMBX vs. MISHX - Drawdown Comparison
The maximum DHMBX drawdown since its inception was -27.66%, which is greater than MISHX's maximum drawdown of -19.03%. Use the drawdown chart below to compare losses from any high point for DHMBX and MISHX.
Loading graphics...
Drawdown Indicators
| DHMBX | MISHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.66% | -19.03% | -8.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -5.34% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -18.20% | -4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -22.90% | -19.03% | -3.87% |
Current DrawdownCurrent decline from peak | -6.30% | -2.83% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -3.44% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.65% | +1.25% |
Volatility
DHMBX vs. MISHX - Volatility Comparison
BNY Mellon High Yield Municipal Bond Fund (DHMBX) has a higher volatility of 1.39% compared to AB Municipal Income Shares (MISHX) at 1.22%. This indicates that DHMBX'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.
Loading graphics...
Volatility by Period
| DHMBX | MISHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.22% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 1.99% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 5.64% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.11% | 4.95% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.04% | 5.17% | +0.87% |