GSY vs. MINT
Compare and contrast key facts about Invesco Ultra Short Duration ETF (GSY) and PIMCO Enhanced Short Maturity Strategy Fund (MINT).
GSY and MINT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008. 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: GSY or MINT.
Performance
GSY vs. MINT - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with GSY having a 5.29% return and MINT slightly higher at 5.32%. Over the past 10 years, GSY has outperformed MINT with an annualized return of 2.41%, while MINT has yielded a comparatively lower 2.13% annualized return.
GSY
5.29%
0.37%
3.07%
6.44%
2.69%
2.41%
MINT
5.32%
0.46%
2.79%
5.99%
2.45%
2.13%
Key characteristics
| GSY | MINT | |
|---|---|---|
| Sharpe Ratio | 10.80 | 13.66 |
| Sortino Ratio | 27.13 | 32.81 |
| Omega Ratio | 6.11 | 9.83 |
| Calmar Ratio | 65.06 | 46.65 |
| Martin Ratio | 335.07 | 512.29 |
| Ulcer Index | 0.02% | 0.01% |
| Daily Std Dev | 0.60% | 0.44% |
| Max Drawdown | -12.14% | -4.62% |
| Current Drawdown | -0.02% | 0.00% |
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GSY vs. MINT - Expense Ratio Comparison
GSY has a 0.22% expense ratio, which is lower than MINT's 0.36% expense ratio.
Correlation
The correlation between GSY and MINT is 0.23, 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
GSY vs. MINT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) 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.
Dividends
GSY vs. MINT - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 5.70%, more than MINT's 5.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 5.70% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% | 1.15% |
MINT PIMCO Enhanced Short Maturity Strategy Fund | 5.31% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% | 0.80% | 0.88% |
Drawdowns
GSY vs. MINT - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for GSY and MINT. For additional features, visit the drawdowns tool.
Volatility
GSY vs. MINT - Volatility Comparison
Invesco Ultra Short Duration ETF (GSY) has a higher volatility of 0.13% compared to PIMCO Enhanced Short Maturity Strategy Fund (MINT) at 0.10%. This indicates that GSY'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.