MISHX vs. NVHIX
Compare and contrast key facts about AB Municipal Income Shares (MISHX) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX).
MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010. NVHIX is managed by Nuveen. It was launched on Jan 31, 2013.
Performance
MISHX vs. NVHIX - Performance Comparison
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MISHX vs. NVHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | -0.04% | 2.43% | 6.88% | 3.54% | -6.73% | 8.44% | -0.10% | 8.27% | 3.47% | 8.17% |
Returns By Period
In the year-to-date period, MISHX achieves a -0.64% return, which is significantly lower than NVHIX's -0.04% return. Over the past 10 years, MISHX has outperformed NVHIX with an annualized return of 3.64%, while NVHIX has yielded a comparatively lower 3.17% annualized return.
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%
NVHIX
- 1D
- 0.00%
- 1M
- -1.79%
- YTD
- -0.04%
- 6M
- 0.91%
- 1Y
- 1.94%
- 3Y*
- 3.86%
- 5Y*
- 2.17%
- 10Y*
- 3.17%
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MISHX vs. NVHIX - Expense Ratio Comparison
MISHX has a 0.00% expense ratio, which is lower than NVHIX's 0.55% expense ratio.
Return for Risk
MISHX vs. NVHIX — Risk / Return Rank
MISHX
NVHIX
MISHX vs. NVHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX). 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 | NVHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.67 | +0.22 |
Sortino ratioReturn per unit of downside risk | 1.22 | 0.92 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.68 | +0.32 |
Martin ratioReturn relative to average drawdown | 3.25 | 2.00 | +1.25 |
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 | NVHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.67 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.66 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.92 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.08 | -0.18 |
Correlation
The correlation between MISHX and NVHIX is 0.65, 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. NVHIX - Dividend Comparison
MISHX's dividend yield for the trailing twelve months is around 4.85%, more than NVHIX's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 4.70% | 5.15% | 4.36% | 4.41% | 3.84% | 3.43% | 3.90% | 4.03% | 3.90% | 3.78% | 3.62% | 3.55% |
Drawdowns
MISHX vs. NVHIX - Drawdown Comparison
The maximum MISHX drawdown since its inception was -19.03%, which is greater than NVHIX's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for MISHX and NVHIX.
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Drawdown Indicators
| MISHX | NVHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -13.54% | -5.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -3.63% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.20% | -10.54% | -7.66% |
Max Drawdown (10Y)Largest decline over 10 years | -19.03% | -13.54% | -5.49% |
Current DrawdownCurrent decline from peak | -2.83% | -1.79% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -2.06% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.25% | +0.40% |
Volatility
MISHX vs. NVHIX - Volatility Comparison
AB Municipal Income Shares (MISHX) has a higher volatility of 1.22% compared to Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) at 0.63%. This indicates that MISHX's price experiences larger fluctuations and is considered to be riskier than NVHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MISHX | NVHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.63% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 1.43% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 3.77% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.95% | 3.32% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.17% | 3.47% | +1.70% |