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MISHX vs. VWAHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MISHX and VWAHX 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.


-0.50.00.51.0
Correlation: -0.0

Performance

MISHX vs. VWAHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Municipal Income Shares (MISHX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). The values are adjusted to include any dividend payments, if applicable.

40.00%45.00%50.00%55.00%60.00%NovemberDecember2025FebruaryMarchApril
54.09%
44.63%
MISHX
VWAHX

Key characteristics

Sharpe Ratio

MISHX:

0.65

VWAHX:

0.22

Sortino Ratio

MISHX:

0.89

VWAHX:

0.33

Omega Ratio

MISHX:

1.15

VWAHX:

1.06

Calmar Ratio

MISHX:

0.56

VWAHX:

0.21

Martin Ratio

MISHX:

2.59

VWAHX:

0.80

Ulcer Index

MISHX:

1.55%

VWAHX:

1.75%

Daily Std Dev

MISHX:

6.16%

VWAHX:

6.21%

Max Drawdown

MISHX:

-19.03%

VWAHX:

-17.32%

Current Drawdown

MISHX:

-3.54%

VWAHX:

-4.38%

Returns By Period

In the year-to-date period, MISHX achieves a -1.49% return, which is significantly higher than VWAHX's -2.44% return. Over the past 10 years, MISHX has outperformed VWAHX with an annualized return of 3.51%, while VWAHX has yielded a comparatively lower 2.78% annualized return.


MISHX

YTD

-1.49%

1M

-1.09%

6M

-1.35%

1Y

4.50%

5Y*

4.09%

10Y*

3.51%

VWAHX

YTD

-2.44%

1M

-1.11%

6M

-2.07%

1Y

1.78%

5Y*

2.10%

10Y*

2.78%

*Annualized

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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%.


Expense ratio chart for VWAHX: current value is 0.17%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VWAHX: 0.17%
Expense ratio chart for MISHX: current value is 0.00%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MISHX: 0.00%

Risk-Adjusted Performance

MISHX vs. VWAHX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MISHX
The Risk-Adjusted Performance Rank of MISHX is 6666
Overall Rank
The Sharpe Ratio Rank of MISHX is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of MISHX is 6161
Sortino Ratio Rank
The Omega Ratio Rank of MISHX is 6969
Omega Ratio Rank
The Calmar Ratio Rank of MISHX is 6969
Calmar Ratio Rank
The Martin Ratio Rank of MISHX is 6767
Martin Ratio Rank

VWAHX
The Risk-Adjusted Performance Rank of VWAHX is 3636
Overall Rank
The Sharpe Ratio Rank of VWAHX is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of VWAHX is 3232
Sortino Ratio Rank
The Omega Ratio Rank of VWAHX is 3535
Omega Ratio Rank
The Calmar Ratio Rank of VWAHX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of VWAHX is 3838
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for MISHX, currently valued at 0.65, compared to the broader market-1.000.001.002.003.00
MISHX: 0.65
VWAHX: 0.22
The chart of Sortino ratio for MISHX, currently valued at 0.89, compared to the broader market-2.000.002.004.006.008.0010.00
MISHX: 0.89
VWAHX: 0.33
The chart of Omega ratio for MISHX, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.00
MISHX: 1.15
VWAHX: 1.06
The chart of Calmar ratio for MISHX, currently valued at 0.56, compared to the broader market0.002.004.006.008.0010.00
MISHX: 0.56
VWAHX: 0.21
The chart of Martin ratio for MISHX, currently valued at 2.59, compared to the broader market0.0010.0020.0030.0040.0050.00
MISHX: 2.59
VWAHX: 0.80

The current MISHX Sharpe Ratio is 0.65, which is higher than the VWAHX Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of MISHX and VWAHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.65
0.22
MISHX
VWAHX

Dividends

MISHX vs. VWAHX - Dividend Comparison

MISHX's dividend yield for the trailing twelve months is around 4.52%, more than VWAHX's 3.92% yield.


TTM20242023202220212020201920182017201620152014
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%
VWAHX
Vanguard High-Yield Tax-Exempt Fund Investor Shares
3.92%3.74%3.51%3.36%3.47%3.32%3.67%3.77%3.67%3.75%3.69%3.78%

Drawdowns

MISHX vs. VWAHX - Drawdown Comparison

The maximum MISHX drawdown since its inception was -19.03%, which is greater than VWAHX's maximum drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for MISHX and VWAHX. For additional features, visit the drawdowns tool.


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-3.54%
-4.38%
MISHX
VWAHX

Volatility

MISHX vs. VWAHX - Volatility Comparison

AB Municipal Income Shares (MISHX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) have volatilities of 4.67% and 4.84%, 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.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2025FebruaryMarchApril
4.67%
4.84%
MISHX
VWAHX