Correlation
The correlation between MISHX and SCHD is -0.02. 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.
MISHX vs. SCHD
Compare and contrast key facts about AB Municipal Income Shares (MISHX) and Schwab US Dividend Equity ETF (SCHD).
MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MISHX or SCHD.
Performance
MISHX vs. SCHD - Performance Comparison
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Key characteristics
MISHX:
0.52
SCHD:
0.21
MISHX:
0.61
SCHD:
0.24
MISHX:
1.10
SCHD:
1.03
MISHX:
0.42
SCHD:
0.09
MISHX:
1.53
SCHD:
0.29
MISHX:
1.74%
SCHD:
5.24%
MISHX:
6.21%
SCHD:
16.46%
MISHX:
-19.03%
SCHD:
-33.37%
MISHX:
-3.41%
SCHD:
-10.71%
Returns By Period
In the year-to-date period, MISHX achieves a -1.36% return, which is significantly higher than SCHD's -4.38% return. Over the past 10 years, MISHX has underperformed SCHD with an annualized return of 3.64%, while SCHD has yielded a comparatively higher 10.46% annualized return.
MISHX
-1.36%
0.11%
-2.12%
3.23%
3.65%
3.66%
3.64%
SCHD
-4.38%
0.86%
-10.65%
3.27%
4.44%
12.77%
10.46%
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MISHX vs. SCHD - Expense Ratio Comparison
MISHX has a 0.00% expense ratio, which is lower than SCHD's 0.06% 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%.
Risk-Adjusted Performance
MISHX vs. SCHD — Risk-Adjusted Performance Rank
MISHX
SCHD
MISHX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and Schwab US Dividend Equity ETF (SCHD). 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.
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Dividends
MISHX vs. SCHD - Dividend Comparison
MISHX's dividend yield for the trailing twelve months is around 4.57%, more than SCHD's 4.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MISHX AB Municipal Income Shares | 4.57% | 4.38% | 4.31% | 4.12% | 3.33% | 3.59% | 3.67% | 3.96% | 3.78% | 4.14% | 0.37% | 3.97% |
SCHD Schwab US Dividend Equity ETF | 4.02% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
MISHX vs. SCHD - Drawdown Comparison
The maximum MISHX drawdown since its inception was -19.03%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for MISHX and SCHD.
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Volatility
MISHX vs. SCHD - Volatility Comparison
The current volatility for AB Municipal Income Shares (MISHX) is 1.28%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 4.60%. This indicates that MISHX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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