Correlation
The correlation between FIXD and MINT is 0.05, 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.
FIXD vs. MINT
Compare and contrast key facts about First Trust TCW Opportunistic Fixed Income ETF (FIXD) and PIMCO Enhanced Short Maturity Strategy Fund (MINT).
FIXD and MINT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIXD is an actively managed fund by First Trust. It was launched on Feb 14, 2017. MINT is an actively managed fund by PIMCO. It was launched on Nov 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIXD or MINT.
Performance
FIXD vs. MINT - Performance Comparison
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Key characteristics
FIXD:
1.12
MINT:
10.32
FIXD:
1.37
MINT:
20.52
FIXD:
1.16
MINT:
6.00
FIXD:
0.40
MINT:
32.58
FIXD:
2.07
MINT:
233.71
FIXD:
2.73%
MINT:
0.02%
FIXD:
5.99%
MINT:
0.50%
FIXD:
-20.35%
MINT:
-4.62%
FIXD:
-8.44%
MINT:
0.00%
Returns By Period
In the year-to-date period, FIXD achieves a 2.52% return, which is significantly higher than MINT's 1.83% return.
FIXD
2.52%
-0.83%
0.78%
6.65%
0.90%
-1.08%
N/A
MINT
1.83%
0.53%
2.27%
5.13%
4.87%
2.84%
2.34%
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FIXD vs. MINT - Expense Ratio Comparison
FIXD has a 0.56% expense ratio, which is higher than MINT's 0.36% expense ratio.
Risk-Adjusted Performance
FIXD vs. MINT — Risk-Adjusted Performance Rank
FIXD
MINT
FIXD vs. MINT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust TCW Opportunistic Fixed Income ETF (FIXD) and PIMCO Enhanced Short Maturity Strategy Fund (MINT). 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.
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Dividends
FIXD vs. MINT - Dividend Comparison
FIXD's dividend yield for the trailing twelve months is around 4.51%, less than MINT's 5.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIXD First Trust TCW Opportunistic Fixed Income ETF | 4.51% | 4.56% | 3.93% | 3.20% | 1.74% | 3.03% | 4.20% | 2.92% | 1.95% | 0.00% | 0.00% | 0.00% |
MINT PIMCO Enhanced Short Maturity Strategy Fund | 5.09% | 5.22% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% | 0.80% |
Drawdowns
FIXD vs. MINT - Drawdown Comparison
The maximum FIXD drawdown since its inception was -20.35%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for FIXD and MINT.
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Volatility
FIXD vs. MINT - Volatility Comparison
First Trust TCW Opportunistic Fixed Income ETF (FIXD) has a higher volatility of 1.72% compared to PIMCO Enhanced Short Maturity Strategy Fund (MINT) at 0.11%. This indicates that FIXD's price experiences larger fluctuations and is considered to be riskier than MINT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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