MISHX vs. ANAZX
Compare and contrast key facts about AB Municipal Income Shares (MISHX) and AB Global Bond Fund Class Z (ANAZX).
MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010. ANAZX is managed by AllianceBernstein. It was launched on Oct 15, 2013.
Performance
MISHX vs. ANAZX - Performance Comparison
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MISHX vs. ANAZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ANAZX AB Global Bond Fund Class Z | -0.85% | 6.42% | 2.70% | 5.99% | -12.17% | -2.14% | 5.13% | 7.84% | 0.38% | 3.18% |
Returns By Period
In the year-to-date period, MISHX achieves a -0.28% return, which is significantly higher than ANAZX's -0.85% return. Over the past 10 years, MISHX has outperformed ANAZX with an annualized return of 3.67%, while ANAZX has yielded a comparatively lower 1.75% annualized return.
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%
ANAZX
- 1D
- 0.15%
- 1M
- -2.28%
- YTD
- -0.85%
- 6M
- -0.33%
- 1Y
- 2.70%
- 3Y*
- 3.84%
- 5Y*
- 0.23%
- 10Y*
- 1.75%
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MISHX vs. ANAZX - Expense Ratio Comparison
MISHX has a 0.00% expense ratio, which is lower than ANAZX's 0.52% expense ratio.
Return for Risk
MISHX vs. ANAZX — Risk / Return Rank
MISHX
ANAZX
MISHX vs. ANAZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and AB Global Bond Fund Class Z (ANAZX). 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.
| MISHX | ANAZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.90 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.31 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.21 | -0.21 |
Martin ratioReturn relative to average drawdown | 3.23 | 4.88 | -1.65 |
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
| MISHX | ANAZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.90 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.05 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.47 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.66 | +0.25 |
Correlation
The correlation between MISHX and ANAZX 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
MISHX vs. ANAZX - Dividend Comparison
MISHX's dividend yield for the trailing twelve months is around 4.83%, more than ANAZX's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
MISHX vs. ANAZX - Drawdown Comparison
The maximum MISHX drawdown since its inception was -19.03%, which is greater than ANAZX's maximum drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for MISHX and ANAZX.
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Drawdown Indicators
| MISHX | ANAZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -17.24% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -3.13% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -17.24% | -0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -19.03% | -17.24% | -1.79% |
Current DrawdownCurrent decline from peak | -2.47% | -2.56% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -3.42% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.77% | +0.88% |
Volatility
MISHX vs. ANAZX - Volatility Comparison
The current volatility for AB Municipal Income Shares (MISHX) is 1.29%, while AB Global Bond Fund Class Z (ANAZX) has a volatility of 1.49%. This indicates that MISHX experiences smaller price fluctuations and is considered to be less risky than ANAZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MISHX | ANAZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.49% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 2.18% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 3.43% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 4.39% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 3.72% | +1.45% |