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FLES.L vs. MINT.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLES.L vs. MINT.L

Last updated Jul 16, 2026
Documentation

FLES.L (Franklin Euro Short Maturity UCITS ETF) and MINT.L (PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF) are both Global Equities funds - FLES.L tracks the Franklin Euro Short Maturity UCITS ETF while MINT.L tracks the PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF. Both are passively managed. Over the past 5 years, FLES.L returned 2.20%/yr vs 4.07%/yr for MINT.L. At a 0.03 correlation, their price movements are largely independent.

Performance

FLES.L vs. MINT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Franklin Euro Short Maturity UCITS ETF (FLES.L) and PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FLES.L is traded in EUR, while MINT.L is traded in USD. To make them comparable, the MINT.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLES.L achieves a 0.86% return, which is significantly lower than MINT.L's 4.79% return.

FLES.L

1D
0.04%
1M
0.08%
6M
0.82%
YTD
0.86%
1Y
1.80%
3Y*
3.16%
5Y*
2.20%
10Y*
—

MINT.L

1D
0.00%
1M
1.37%
6M
3.66%
YTD
4.79%
1Y
5.69%
3Y*
4.49%
5Y*
4.07%
10Y*
2.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLES.L vs. MINT.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FLES.L
Franklin Euro Short Maturity UCITS ETF		0.86%2.37%4.21%3.29%0.14%0.12%-0.12%0.52%-0.44%
MINT.L
PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF		4.79%-7.76%12.73%2.55%5.48%7.38%-7.05%5.61%2.42%

Correlation

The correlation between FLES.L and MINT.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.06

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Jun 27, 2018

0.03

Compare stocks, funds, or ETFs

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Franklin Euro Short Maturity UCITS ETF

PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF

Return for Risk

FLES.L vs. MINT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLES.L
FLES.L Risk / Return Rank: 8787
Overall Rank
FLES.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FLES.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
FLES.L Omega Ratio Rank: 9191
Omega Ratio Rank
FLES.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
FLES.L Martin Ratio Rank: 8787
Martin Ratio Rank
MINT.L
MINT.L Risk / Return Rank: 9999
Overall Rank
MINT.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
MINT.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
MINT.L Omega Ratio Rank: 9999
Omega Ratio Rank
MINT.L Calmar Ratio Rank: 9999
Calmar Ratio Rank
MINT.L Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLES.L vs. MINT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Euro Short Maturity UCITS ETF (FLES.L) and PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L). 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.

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.

FLES.LMINT.LDifference
Sharpe ratioReturn per unit of total volatility
2.05
0.97

+1.08

Sortino ratioReturn per unit of downside risk
2.94
1.42

+1.52

Omega ratioGain probability vs. loss probability

1.47

1.18

+0.29

Calmar ratioReturn relative to maximum drawdown

5.16

1.62

+3.54

Martin ratioReturn relative to average drawdown

14.62

4.10

+10.52

FLES.L vs. MINT.L - Sharpe Ratio Comparison

The current FLES.L Sharpe Ratio is 2.05, which is higher than the MINT.L Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of FLES.L and MINT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FLES.L vs. MINT.L - Drawdown Comparison

The maximum FLES.L drawdown since its inception was -4.50%, smaller than the maximum MINT.L drawdown of -15.22%. Use the drawdown chart below to compare losses from any high point for FLES.L and MINT.L.

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Drawdown Indicators

FLES.LMINT.LDifference

Max Drawdown

Largest peak-to-trough decline

-4.50%

-15.22%

+10.72%

Max Drawdown (1Y)

Largest decline over 1 year

-0.35%

-3.70%

+3.35%

Max Drawdown (3Y)

Largest decline over 3 years

-0.35%

-11.32%

+10.97%

Max Drawdown (5Y)

Largest decline over 5 years

-0.88%

-11.40%

+10.52%

Max Drawdown (10Y)

Largest decline over 10 years

—

-15.22%

—

Current Drawdown

Current decline from peak

-0.12%

-4.49%

+4.37%

Average Drawdown

Average peak-to-trough decline

-0.81%

-5.74%

+4.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.12%

1.46%

-1.34%

Volatility

FLES.L vs. MINT.L - Volatility Comparison

The current volatility for Franklin Euro Short Maturity UCITS ETF (FLES.L) is 0.30%, while PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L) has a volatility of 1.21%. This indicates that FLES.L experiences smaller price fluctuations and is considered to be less risky than MINT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FLES.LMINT.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.30%

1.21%

-0.91%

Volatility (6M)

Calculated over the trailing 6-month period

0.71%

4.44%

-3.73%

Volatility (1Y)

Calculated over the trailing 1-year period

0.87%

6.16%

-5.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.80%

7.54%

-6.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.19%

7.25%

-6.06%

Dividends

FLES.L vs. MINT.L - Dividend Comparison

FLES.L's dividend yield for the trailing twelve months is around 1.92%, less than MINT.L's 4.36% yield.

PositionTTM20252024202320222021202020192018201720162015
FLES.L
Franklin Euro Short Maturity UCITS ETF		1.92%2.62%2.55%1.20%0.26%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MINT.L
PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF		4.36%4.43%5.18%4.81%1.51%0.34%1.17%2.63%2.33%1.56%1.31%0.79%

Frequently Asked Questions

FLES.L and MINT.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLES.L tracks Franklin Euro Short Maturity UCITS ETF, while MINT.L tracks PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF. They also come from different issuers: Franklin and PIMCO.

Portfolio Optimizer

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