MISHX vs. VTEB
Compare and contrast key facts about AB Municipal Income Shares (MISHX) and Vanguard Tax-Exempt Bond ETF (VTEB).
MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MISHX or VTEB.
Performance
MISHX vs. VTEB - Performance Comparison
Returns By Period
In the year-to-date period, MISHX achieves a 5.12% return, which is significantly higher than VTEB's 1.58% return.
MISHX
5.12%
-0.76%
4.15%
12.04%
2.72%
3.81%
VTEB
1.58%
-0.33%
2.45%
6.31%
1.23%
N/A
Key characteristics
| MISHX | VTEB | |
|---|---|---|
| Sharpe Ratio | 2.84 | 1.70 |
| Sortino Ratio | 4.37 | 2.48 |
| Omega Ratio | 1.63 | 1.33 |
| Calmar Ratio | 1.07 | 0.93 |
| Martin Ratio | 13.32 | 7.24 |
| Ulcer Index | 0.94% | 0.91% |
| Daily Std Dev | 4.43% | 3.90% |
| Max Drawdown | -19.03% | -17.00% |
| Current Drawdown | -1.62% | -1.22% |
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. VTEB - Expense Ratio Comparison
MISHX has a 0.00% expense ratio, which is lower than VTEB's 0.05% 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%.
Correlation
The correlation between MISHX and VTEB is 0.66, 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.
Risk-Adjusted Performance
MISHX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.
Dividends
MISHX vs. VTEB - Dividend Comparison
MISHX's dividend yield for the trailing twelve months is around 4.32%, more than VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MISHX AB Municipal Income Shares | 4.32% | 4.31% | 4.12% | 3.33% | 3.59% | 3.67% | 3.96% | 3.78% | 4.14% | 0.37% | 3.97% | 2.94% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
MISHX vs. VTEB - Drawdown Comparison
The maximum MISHX drawdown since its inception was -19.03%, which is greater than VTEB's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for MISHX and VTEB. For additional features, visit the drawdowns tool.
Volatility
MISHX vs. VTEB - Volatility Comparison
The current volatility for AB Municipal Income Shares (MISHX) is 1.85%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.97%. This indicates that MISHX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.