- ISIN
- US72201R6356
- Issuer
- PIMCO
- Inception Date
- Sep 8, 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
- $623M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MINO Performance Chart
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is up 2.0% since the beginning of the year. MINO is currently trading at $45 per share.
Loading charts...
Returns By Period
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) has returned 2.02% so far this year and 7.89% over the past 12 months.
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
- 1D
- 0.08%
- 1M
- 0.64%
- YTD
- 2.02%
- 6M
- 2.17%
- 1Y
- 7.89%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
MINO Monthly Returns History
Based on dividend-adjusted daily data since Sep 9, 2021, MINO's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +6.3%, while the worst month was Mar 2022 at -3.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MINO closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +1.9%, while the worst single day was Apr 7, 2025 at -2.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.70% | 1.48% | -1.83% | 0.98% | 0.53% | 0.17% | 2.02% | ||||||
| 2025 | 0.82% | 1.17% | -2.12% | -0.29% | -0.86% | 0.94% | -0.64% | 1.28% | 2.79% | 1.31% | 0.14% | -0.12% | 4.42% |
| 2024 | 0.51% | 0.31% | 0.30% | -0.90% | 0.23% | 1.26% | 0.92% | 0.42% | 1.24% | -1.06% | 1.30% | -1.40% | 3.13% |
| 2023 | 3.39% | -2.22% | 1.60% | 0.77% | -0.60% | 1.09% | 0.45% | -0.85% | -2.35% | -1.73% | 6.27% | 2.68% | 8.46% |
| 2022 | -3.13% | -0.55% | -3.55% | -2.96% | 1.02% | -2.30% | 3.05% | -2.28% | -3.46% | -1.56% | 5.34% | -0.16% | -10.43% |
| 2021 | -0.91% | -0.18% | 1.00% | 0.36% | 0.26% |
Benchmark Metrics
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund has an annualized alpha of 0.92%, beta of 0.05, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since September 09, 2021.
- This ETF participated in 35.72% of S&P 500 Index downside but only 20.41% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.04 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 0.04 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
- 0.92%
- Beta
- 0.05
- R²
- 0.04
- Upside Capture
- 20.41%
- Downside Capture
- 35.72%
Expense Ratio
MINO has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MINO ranks 86 for risk / return — in the top 86% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MINO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.34 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 2.52 | +0.77 |
| Martin ratioReturn relative to average drawdown | 11.76 | 11.31 | +0.45 |
Dividends
Dividend History
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund provided a 3.89% dividend yield over the last twelve months, with an annual payout of $1.77 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.77 | $1.68 | $1.76 | $1.72 | $1.25 | $0.15 |
Dividend yield | 3.89% | 3.71% | 3.91% | 3.78% | 2.87% | 0.29% |
Monthly Dividends
The table displays the monthly dividend distributions for PIMCO Municipal Income Opportunities Active Exchange-Traded Fund. 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 | $0.00 | $0.15 | $0.15 | $0.15 | $0.15 | $0.15 | $0.75 | ||||||
| 2025 | $0.00 | $0.13 | $0.13 | $0.13 | $0.13 | $0.14 | $0.15 | $0.14 | $0.14 | $0.14 | $0.15 | $0.30 | $1.68 |
| 2024 | $0.00 | $0.14 | $0.16 | $0.14 | $0.16 | $0.16 | $0.15 | $0.15 | $0.16 | $0.14 | $0.15 | $0.27 | $1.76 |
| 2023 | $0.00 | $0.14 | $0.14 | $0.16 | $0.13 | $0.14 | $0.15 | $0.13 | $0.15 | $0.15 | $0.14 | $0.29 | $1.72 |
| 2022 | $0.00 | $0.05 | $0.06 | $0.07 | $0.11 | $0.10 | $0.11 | $0.11 | $0.12 | $0.12 | $0.13 | $0.29 | $1.25 |
| 2021 | $0.04 | $0.11 | $0.15 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the PIMCO Municipal Income Opportunities Active Exchange-Traded Fund. 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 PIMCO Municipal Income Opportunities Active Exchange-Traded Fund was 15.24%, occurring on Oct 25, 2022. Recovery took 444 trading sessions.
The current PIMCO Municipal Income Opportunities Active Exchange-Traded Fund drawdown is 0.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.24%Oct 2022 | 10mo 9d | 1y 9mo | 2y 7moDec 2021 - Aug 2024 |
2025 selloff2025 | -4.71%Apr 2025 | 1mo 6d | 5mo 5d | 6mo 11dMar 2025 - Sep 2025 |
2025 pullback2025 | -2.85%Jan 2025 | 1mo 10d | 1mo 15d | 2mo 25dDec 2024 - Feb 2025 |
2026 pullback2026 | -2.41%Mar 2026 | 24d | — | 3mo 12dMar 2026 - now |
2024 pullback2024 | -2.11%Nov 2024 | 1mo 3d | 23d | 1mo 26dOct 2024 - Nov 2024 |
Drawdown Indicators
| MINO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -56.78% | +41.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -9.10% | +6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -18.90% | +13.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.17% | -2.83% | +2.66% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -10.72% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 2.02% | -1.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MINO
Add PIMCO Municipal Income Opportunities Active Exchange-Traded Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MINO