MISHX vs. CHCLX
Compare and contrast key facts about AB Municipal Income Shares (MISHX) and AB Discovery Growth Fund (CHCLX).
MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010. CHCLX is managed by AllianceBernstein. It was launched on Jul 7, 1938.
Performance
MISHX vs. CHCLX - Performance Comparison
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MISHX vs. CHCLX - 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% |
CHCLX AB Discovery Growth Fund | -3.46% | 6.67% | 17.37% | 18.72% | -36.11% | 11.63% | 52.90% | 39.99% | -4.56% | 32.58% |
Returns By Period
In the year-to-date period, MISHX achieves a -0.28% return, which is significantly higher than CHCLX's -3.46% return. Over the past 10 years, MISHX has underperformed CHCLX with an annualized return of 3.67%, while CHCLX has yielded a comparatively higher 11.76% 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%
CHCLX
- 1D
- 5.43%
- 1M
- -6.62%
- YTD
- -3.46%
- 6M
- -0.09%
- 1Y
- 17.91%
- 3Y*
- 10.15%
- 5Y*
- -0.30%
- 10Y*
- 11.76%
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MISHX vs. CHCLX - Expense Ratio Comparison
MISHX has a 0.00% expense ratio, which is lower than CHCLX's 0.91% expense ratio.
Return for Risk
MISHX vs. CHCLX — Risk / Return Rank
MISHX
CHCLX
MISHX vs. CHCLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and AB Discovery Growth Fund (CHCLX). 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 | CHCLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.67 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.11 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 1.07 | -0.07 |
Martin ratioReturn relative to average drawdown | 3.23 | 3.71 | -0.48 |
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 | CHCLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.67 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.01 | +0.36 |
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 | 0.37 | +0.54 |
Correlation
The correlation between MISHX and CHCLX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MISHX vs. CHCLX - Dividend Comparison
MISHX's dividend yield for the trailing twelve months is around 4.83%, less than CHCLX's 12.02% 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% |
CHCLX AB Discovery Growth Fund | 12.02% | 11.60% | 0.00% | 0.00% | 0.00% | 17.54% | 15.15% | 13.36% | 20.33% | 6.74% | 0.00% | 6.08% |
Drawdowns
MISHX vs. CHCLX - Drawdown Comparison
The maximum MISHX drawdown since its inception was -19.03%, smaller than the maximum CHCLX drawdown of -63.85%. Use the drawdown chart below to compare losses from any high point for MISHX and CHCLX.
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Drawdown Indicators
| MISHX | CHCLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -63.85% | +44.82% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -15.70% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -44.63% | +26.43% |
Max Drawdown (10Y)Largest decline over 10 years | -19.03% | -44.63% | +25.60% |
Current DrawdownCurrent decline from peak | -2.47% | -13.60% | +11.13% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -14.23% | +10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 4.52% | -2.87% |
Volatility
MISHX vs. CHCLX - Volatility Comparison
The current volatility for AB Municipal Income Shares (MISHX) is 1.29%, while AB Discovery Growth Fund (CHCLX) has a volatility of 11.03%. This indicates that MISHX experiences smaller price fluctuations and is considered to be less risky than CHCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MISHX | CHCLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 11.03% | -9.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 18.53% | -16.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 27.32% | -21.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 25.69% | -20.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 24.85% | -19.68% |