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.
Correlation
The correlation between MISHX and VTEB is 0.00, 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.
Performance
MISHX vs. VTEB - Performance Comparison
Key characteristics
MISHX:
0.65
VTEB:
0.20
MISHX:
0.89
VTEB:
0.28
MISHX:
1.15
VTEB:
1.04
MISHX:
0.56
VTEB:
0.19
MISHX:
2.59
VTEB:
0.66
MISHX:
1.55%
VTEB:
1.41%
MISHX:
6.16%
VTEB:
4.72%
MISHX:
-19.03%
VTEB:
-17.00%
MISHX:
-3.54%
VTEB:
-3.33%
Returns By Period
In the year-to-date period, MISHX achieves a -1.49% return, which is significantly higher than VTEB's -1.76% return.
MISHX
-1.49%
-1.09%
-1.35%
4.50%
4.09%
3.51%
VTEB
-1.76%
-0.54%
-1.38%
1.27%
0.89%
N/A
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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%.
Risk-Adjusted Performance
MISHX vs. VTEB — Risk-Adjusted Performance Rank
MISHX
VTEB
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 4.52%, more than VTEB's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MISHX AB Municipal Income Shares | 4.52% | 4.38% | 4.31% | 4.12% | 3.33% | 3.59% | 3.67% | 3.96% | 3.78% | 4.14% | 0.37% | 3.97% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.26% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 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
AB Municipal Income Shares (MISHX) has a higher volatility of 4.67% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 3.07%. This indicates that MISHX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.