MISHX vs. BATEX
Compare and contrast key facts about AB Municipal Income Shares (MISHX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX).
MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010. BATEX is managed by BlackRock. It was launched on Aug 3, 2014.
Performance
MISHX vs. BATEX - Performance Comparison
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MISHX vs. BATEX - 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% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | -0.39% | 3.22% | 4.74% | 6.45% | -14.23% | 8.28% | 5.77% | 10.92% | 1.75% | 8.76% |
Returns By Period
In the year-to-date period, MISHX achieves a -0.28% return, which is significantly higher than BATEX's -0.39% return. Over the past 10 years, MISHX has outperformed BATEX with an annualized return of 3.67%, while BATEX has yielded a comparatively lower 2.99% 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%
BATEX
- 1D
- 0.51%
- 1M
- -2.17%
- YTD
- -0.39%
- 6M
- 0.76%
- 1Y
- 1.94%
- 3Y*
- 3.68%
- 5Y*
- 0.78%
- 10Y*
- 2.99%
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MISHX vs. BATEX - Expense Ratio Comparison
MISHX has a 0.00% expense ratio, which is lower than BATEX's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
MISHX vs. BATEX — Risk / Return Rank
MISHX
BATEX
MISHX vs. BATEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and BlackRock Allocation Target Shares Series E Portfolio (BATEX). 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 | BATEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.29 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.09 | 0.44 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.10 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.43 | +0.57 |
Martin ratioReturn relative to average drawdown | 3.23 | 1.09 | +2.14 |
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 | BATEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.29 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.14 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.51 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.59 | +0.31 |
Correlation
The correlation between MISHX and BATEX is 0.82, 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
MISHX vs. BATEX - Dividend Comparison
MISHX's dividend yield for the trailing twelve months is around 4.83%, more than BATEX's 4.70% 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% |
BATEX BlackRock Allocation Target Shares Series E Portfolio | 4.70% | 5.01% | 3.74% | 2.98% | 5.41% | 3.29% | 3.50% | 3.80% | 4.75% | 2.88% | 0.98% | 0.13% |
Drawdowns
MISHX vs. BATEX - Drawdown Comparison
The maximum MISHX drawdown since its inception was -19.03%, roughly equal to the maximum BATEX drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for MISHX and BATEX.
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Drawdown Indicators
| MISHX | BATEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -19.90% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -7.14% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -19.90% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -19.03% | -19.90% | +0.87% |
Current DrawdownCurrent decline from peak | -2.47% | -2.45% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -4.08% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.80% | -1.15% |
Volatility
MISHX vs. BATEX - Volatility Comparison
The current volatility for AB Municipal Income Shares (MISHX) is 1.29%, while BlackRock Allocation Target Shares Series E Portfolio (BATEX) has a volatility of 1.45%. This indicates that MISHX experiences smaller price fluctuations and is considered to be less risky than BATEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MISHX | BATEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.45% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 2.34% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 7.69% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 5.73% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 5.87% | -0.70% |