- Issuer
- Mairs & Power
- Inception Date
- Mar 11, 2021
- Region
- North America (U.S.)
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $30M
Share Price Chart
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Performance
MINN Performance Chart
Mairs & Power Minnesota Municipal Bond ETF (MINN) is up 0.5% since the beginning of the year. MINN is currently trading at $22 per share. Investors who bought $1,000 worth of MINN shares 5 years ago would now be looking at an investment worth $987.
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Returns By Period
Mairs & Power Minnesota Municipal Bond ETF (MINN) has returned 0.47% so far this year and 6.64% over the past 12 months.
Mairs & Power Minnesota Municipal Bond ETF
- 1D
- -0.06%
- 1M
- 0.41%
- YTD
- 0.47%
- 6M
- 1.03%
- 1Y
- 6.64%
- 3Y*
- 3.68%
- 5Y*
- -0.26%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
MINN Monthly Returns History
Based on dividend-adjusted daily data since Mar 12, 2021, MINN's average daily return is 0.00%, while the average monthly return is +0.02%. At this rate, an investment would double in approximately 288.8 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2023 with a return of +7.0%, while the worst month was Sep 2022 at -4.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MINN closed higher 49% of trading days. The best single day was Apr 14, 2025 with a return of +1.8%, while the worst single day was Jun 13, 2022 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.48% | 0.62% | -2.27% | 1.39% | 0.38% | -0.09% | 0.47% | ||||||
| 2025 | 0.97% | 0.95% | -1.54% | -0.47% | -0.57% | 0.82% | -0.06% | 1.02% | 2.30% | 0.70% | 1.12% | 0.29% | 5.61% |
| 2024 | -0.56% | 0.44% | -0.20% | -1.80% | -1.39% | 2.15% | 1.03% | 1.15% | 1.05% | -1.88% | 1.51% | -1.18% | 0.21% |
| 2023 | 3.75% | -3.81% | 2.75% | -0.45% | -1.69% | 0.98% | 0.25% | -1.60% | -3.49% | -0.89% | 7.02% | 3.00% | 5.41% |
| 2022 | -3.16% | -1.03% | -4.36% | -4.48% | 2.38% | -2.81% | 3.90% | -3.59% | -4.71% | -1.01% | 6.29% | 0.26% | -12.27% |
| 2021 | 0.16% | 0.53% | 0.03% | 0.33% | 0.88% | -0.52% | -1.12% | -0.23% | 0.93% | 0.31% | 1.28% |
Benchmark Metrics
Mairs & Power Minnesota Municipal Bond ETF has an annualized alpha of -0.68%, beta of 0.05, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since March 15, 2021.
- This ETF participated in 49.22% of S&P 500 Index downside but only 20.52% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.68%
- Beta
- 0.05
- R²
- 0.03
- Upside Capture
- 20.52%
- Downside Capture
- 49.22%
Expense Ratio
MINN has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
MINN ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Mairs & Power Minnesota Municipal Bond ETF (MINN) and compare them to S&P 500 Index.
| MINN | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 2.39 | -0.79 |
Sortino ratioReturn per unit of downside risk | 2.42 | 3.25 | -0.83 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 3.11 | -0.67 |
Martin ratioReturn relative to average drawdown | 7.88 | 14.38 | -6.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Mairs & Power Minnesota Municipal Bond ETF provided a 3.00% dividend yield over the last twelve months, with an annual payout of $0.67 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.66 | $0.58 | $0.41 | $0.29 | $0.16 |
Dividend yield | 3.00% | 2.94% | 2.65% | 1.80% | 1.34% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Mairs & Power Minnesota Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.05 | $0.07 | $0.05 | $0.05 | $0.00 | $0.26 | ||||||
| 2025 | $0.04 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.04 | $0.08 | $0.66 |
| 2024 | $0.03 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.07 | $0.58 |
| 2023 | $0.02 | $0.02 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.06 | $0.41 |
| 2022 | $0.01 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.04 | $0.29 |
| 2021 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Mairs & Power Minnesota Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Mairs & Power Minnesota Municipal Bond ETF was 18.37%, occurring on Oct 31, 2022. The portfolio has not yet recovered.
The current Mairs & Power Minnesota Municipal Bond ETF drawdown is 2.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -18.37%Oct 2022 | 1y 3mo | — | 4y 10moJul 2021 - now |
2021 pullback2021 | -0.77%Jun 2021 | 7d | 15d | 22dJun 2021 - Jul 2021 |
2021 pullback2021 | -0.51%May 2021 | 16d | 25d | 1mo 11dApr 2021 - Jun 2021 |
2021 pullback2021 | -0.14%Mar 2021 | 2d | 4d | 6dMar 2021 - Mar 2021 |
2021 pullback2021 | -0.12%Apr 2021 | 0s | 3d | 3dApr 2021 - Apr 2021 |
Drawdown Indicators
| MINN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -56.78% | +38.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -9.10% | +6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -6.77% | -18.90% | +12.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -25.43% | +7.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.49% | 0.00% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -10.72% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.97% | -1.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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