MISHX vs. AUNYX
Compare and contrast key facts about AB Municipal Income Shares (MISHX) and AB Municipal Bond Inflation Strategy (AUNYX).
MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010. AUNYX is managed by AllianceBernstein. It was launched on Jan 25, 2010.
Performance
MISHX vs. AUNYX - Performance Comparison
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MISHX vs. AUNYX - 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% |
AUNYX AB Municipal Bond Inflation Strategy | 0.48% | 5.19% | 2.36% | 5.17% | -4.84% | 7.30% | 4.58% | 6.74% | -0.07% | 3.36% |
Returns By Period
In the year-to-date period, MISHX achieves a -0.28% return, which is significantly lower than AUNYX's 0.48% return. Over the past 10 years, MISHX has outperformed AUNYX with an annualized return of 3.67%, while AUNYX has yielded a comparatively lower 3.00% 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%
AUNYX
- 1D
- 0.09%
- 1M
- -1.47%
- YTD
- 0.48%
- 6M
- 1.11%
- 1Y
- 4.23%
- 3Y*
- 3.37%
- 5Y*
- 2.64%
- 10Y*
- 3.00%
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MISHX vs. AUNYX - Expense Ratio Comparison
MISHX has a 0.00% expense ratio, which is lower than AUNYX's 0.50% expense ratio.
Return for Risk
MISHX vs. AUNYX — Risk / Return Rank
MISHX
AUNYX
MISHX vs. AUNYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and AB Municipal Bond Inflation Strategy (AUNYX). 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 | AUNYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.29 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.70 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.36 | -0.35 |
Martin ratioReturn relative to average drawdown | 3.23 | 5.60 | -2.36 |
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 | AUNYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.29 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.78 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.84 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.84 | +0.07 |
Correlation
The correlation between MISHX and AUNYX is 0.42, 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. AUNYX - Dividend Comparison
MISHX's dividend yield for the trailing twelve months is around 4.83%, more than AUNYX's 3.29% 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% |
AUNYX AB Municipal Bond Inflation Strategy | 3.29% | 3.26% | 2.53% | 2.44% | 1.64% | 1.66% | 2.37% | 2.86% | 2.64% | 2.13% | 2.01% | 1.90% |
Drawdowns
MISHX vs. AUNYX - Drawdown Comparison
The maximum MISHX drawdown since its inception was -19.03%, which is greater than AUNYX's maximum drawdown of -14.10%. Use the drawdown chart below to compare losses from any high point for MISHX and AUNYX.
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Drawdown Indicators
| MISHX | AUNYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -14.10% | -4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -3.33% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -8.44% | -9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -19.03% | -14.10% | -4.93% |
Current DrawdownCurrent decline from peak | -2.47% | -1.47% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -1.39% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.81% | +0.84% |
Volatility
MISHX vs. AUNYX - Volatility Comparison
AB Municipal Income Shares (MISHX) has a higher volatility of 1.29% compared to AB Municipal Bond Inflation Strategy (AUNYX) at 1.10%. This indicates that MISHX's price experiences larger fluctuations and is considered to be riskier than AUNYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MISHX | AUNYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.10% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 1.49% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 3.23% | +2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 3.40% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 3.58% | +1.59% |