MISHX vs. VWEHX
Compare and contrast key facts about AB Municipal Income Shares (MISHX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX).
MISHX is managed by AllianceBernstein. It was launched on Aug 31, 2010. VWEHX 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 VWEHX.
Performance
MISHX vs. VWEHX - Performance Comparison
Returns By Period
In the year-to-date period, MISHX achieves a 5.12% return, which is significantly lower than VWEHX's 5.84% return. Over the past 10 years, MISHX has underperformed VWEHX with an annualized return of 3.81%, while VWEHX has yielded a comparatively higher 4.43% annualized return.
MISHX
5.12%
-0.76%
4.15%
12.04%
2.72%
3.81%
VWEHX
5.84%
-0.22%
4.88%
11.42%
3.65%
4.43%
Key characteristics
| MISHX | VWEHX | |
|---|---|---|
| Sharpe Ratio | 2.84 | 3.26 |
| Sortino Ratio | 4.37 | 5.46 |
| Omega Ratio | 1.63 | 1.83 |
| Calmar Ratio | 1.07 | 3.24 |
| Martin Ratio | 13.32 | 20.19 |
| Ulcer Index | 0.94% | 0.57% |
| Daily Std Dev | 4.43% | 3.51% |
| Max Drawdown | -19.03% | -30.17% |
| Current Drawdown | -1.62% | -0.76% |
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MISHX vs. VWEHX - Expense Ratio Comparison
MISHX has a 0.00% expense ratio, which is lower than VWEHX's 0.23% 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 VWEHX is 0.28, 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.
Risk-Adjusted Performance
MISHX vs. VWEHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and Vanguard High-Yield Corporate Fund Investor Shares (VWEHX). 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. VWEHX - Dividend Comparison
MISHX's dividend yield for the trailing twelve months is around 4.32%, less than VWEHX's 6.04% 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% |
VWEHX Vanguard High-Yield Corporate Fund Investor Shares | 6.04% | 5.68% | 5.11% | 4.15% | 4.62% | 5.25% | 5.93% | 5.30% | 5.39% | 5.88% | 5.59% | 5.79% |
Drawdowns
MISHX vs. VWEHX - Drawdown Comparison
The maximum MISHX drawdown since its inception was -19.03%, smaller than the maximum VWEHX drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for MISHX and VWEHX. For additional features, visit the drawdowns tool.
Volatility
MISHX vs. VWEHX - Volatility Comparison
AB Municipal Income Shares (MISHX) has a higher volatility of 1.85% compared to Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) at 0.71%. This indicates that MISHX's price experiences larger fluctuations and is considered to be riskier than VWEHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.