Correlation
The correlation between MISHX and SPYI is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
MISHX vs. SPYI
Compare and contrast key facts about AB Municipal Income Shares (MISHX) and NEOS S&P 500 High Income ETF (SPYI).
MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010. SPYI is an actively managed fund by Neos. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MISHX or SPYI.
Performance
MISHX vs. SPYI - Performance Comparison
Loading data...
Key characteristics
MISHX:
0.57
SPYI:
0.69
MISHX:
0.70
SPYI:
1.08
MISHX:
1.11
SPYI:
1.17
MISHX:
0.49
SPYI:
0.72
MISHX:
1.79
SPYI:
3.01
MISHX:
1.75%
SPYI:
3.95%
MISHX:
6.22%
SPYI:
17.23%
MISHX:
-19.03%
SPYI:
-16.47%
MISHX:
-3.14%
SPYI:
-2.59%
Returns By Period
In the year-to-date period, MISHX achieves a -1.08% return, which is significantly lower than SPYI's 1.52% return.
MISHX
-1.08%
0.39%
-1.84%
3.52%
2.77%
3.59%
3.64%
SPYI
1.52%
5.60%
-0.19%
11.80%
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MISHX vs. SPYI - Expense Ratio Comparison
MISHX has a 0.00% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
MISHX vs. SPYI — Risk-Adjusted Performance Rank
MISHX
SPYI
MISHX vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and NEOS S&P 500 High Income ETF (SPYI). 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.
Loading data...
Dividends
MISHX vs. SPYI - Dividend Comparison
MISHX's dividend yield for the trailing twelve months is around 4.56%, less than SPYI's 12.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MISHX AB Municipal Income Shares | 4.56% | 4.38% | 4.31% | 4.12% | 3.33% | 3.59% | 3.67% | 3.96% | 3.78% | 4.14% | 0.37% | 3.97% |
SPYI NEOS S&P 500 High Income ETF | 12.53% | 12.04% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MISHX vs. SPYI - Drawdown Comparison
The maximum MISHX drawdown since its inception was -19.03%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for MISHX and SPYI.
Loading data...
Volatility
MISHX vs. SPYI - Volatility Comparison
The current volatility for AB Municipal Income Shares (MISHX) is 1.28%, while NEOS S&P 500 High Income ETF (SPYI) has a volatility of 3.19%. This indicates that MISHX experiences smaller price fluctuations and is considered to be less risky than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...