MISHX vs. VWAHX
Compare and contrast key facts about AB Municipal Income Shares (MISHX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MISHX or VWAHX.
Correlation
The correlation between MISHX and VWAHX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MISHX vs. VWAHX - Performance Comparison
Key characteristics
MISHX:
0.81
VWAHX:
0.43
MISHX:
1.16
VWAHX:
0.60
MISHX:
1.16
VWAHX:
1.09
MISHX:
0.49
VWAHX:
0.27
MISHX:
3.00
VWAHX:
1.53
MISHX:
1.18%
VWAHX:
1.14%
MISHX:
4.36%
VWAHX:
4.09%
MISHX:
-19.03%
VWAHX:
-22.42%
MISHX:
-3.32%
VWAHX:
-3.67%
Returns By Period
In the year-to-date period, MISHX achieves a -1.34% return, which is significantly higher than VWAHX's -1.41% return. Over the past 10 years, MISHX has outperformed VWAHX with an annualized return of 3.36%, while VWAHX has yielded a comparatively lower 2.66% annualized return.
MISHX
-1.34%
-2.04%
0.15%
3.35%
1.90%
3.36%
VWAHX
-1.41%
-2.32%
-0.70%
1.55%
0.88%
2.66%
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MISHX vs. VWAHX - Expense Ratio Comparison
MISHX has a 0.00% expense ratio, which is lower than VWAHX's 0.17% 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. VWAHX — Risk-Adjusted Performance Rank
MISHX
VWAHX
MISHX vs. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). 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. VWAHX - Dividend Comparison
MISHX's dividend yield for the trailing twelve months is around 4.44%, more than VWAHX's 3.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MISHX AB Municipal Income Shares | 4.44% | 4.38% | 4.31% | 4.12% | 3.33% | 3.59% | 3.67% | 3.96% | 3.78% | 4.14% | 0.37% | 3.97% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.48% | 3.43% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% |
Drawdowns
MISHX vs. VWAHX - Drawdown Comparison
The maximum MISHX drawdown since its inception was -19.03%, smaller than the maximum VWAHX drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for MISHX and VWAHX. For additional features, visit the drawdowns tool.
Volatility
MISHX vs. VWAHX - Volatility Comparison
AB Municipal Income Shares (MISHX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) have volatilities of 1.45% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.