HYMB vs. MINT
HYMB (SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF) and MINT (PIMCO Enhanced Short Maturity Active ETF) are both exchange-traded funds - HYMB is a Municipal Bonds fund tracking the Bloomberg Municipal Yield, while MINT is a Ultrashort Bond fund actively managed by PIMCO. HYMB is passively managed, while MINT is actively managed. Over the past 10 years, HYMB returned 2.35%/yr vs 2.72%/yr for MINT. At a 0.13 correlation, their price movements are largely independent. HYMB charges 0.35%/yr vs 0.36%/yr for MINT.
Performance
HYMB vs. MINT - Performance Comparison
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Returns By Period
In the year-to-date period, HYMB achieves a 3.03% return, which is significantly higher than MINT's 1.94% return. Over the past 10 years, HYMB has underperformed MINT with an annualized return of 2.35%, while MINT has yielded a comparatively higher 2.72% annualized return.
HYMB
- 1D
- 0.04%
- 1M
- 1.10%
- YTD
- 3.03%
- 6M
- 3.18%
- 1Y
- 6.86%
- 3Y*
- 5.26%
- 5Y*
- 0.33%
- 10Y*
- 2.35%
MINT
- 1D
- 0.04%
- 1M
- 0.39%
- YTD
- 1.94%
- 6M
- 2.19%
- 1Y
- 4.72%
- 3Y*
- 5.40%
- 5Y*
- 3.49%
- 10Y*
- 2.72%
HYMB vs. MINT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 3.03% | 2.04% | 5.52% | 7.73% | -15.54% | 5.16% | 3.74% | 9.51% | 4.91% | 3.22% |
MINT PIMCO Enhanced Short Maturity Active ETF | 1.94% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
Correlation
The correlation between HYMB and MINT 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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2011 | 0.13 |
The correlation between HYMB and MINT shifts across timeframes, from 0.04 (3 years) to 0.17 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYMB vs. MINT — Risk / Return Rank
HYMB
MINT
HYMB vs. MINT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) and PIMCO Enhanced Short Maturity Active ETF (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.
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.
| HYMB | MINT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.80 | ||
| Sortino ratioReturn per unit of downside risk | -64.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 21.62 | -20.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 95.35 | -93.13 |
| Martin ratioReturn relative to average drawdown | 7.86 | 965.15 | -957.29 |
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Drawdowns
HYMB vs. MINT - Drawdown Comparison
The maximum HYMB drawdown since its inception was -29.57%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for HYMB and MINT.
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Drawdown Indicators
| HYMB | MINT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.57% | -4.62% | -24.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -0.05% | -3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -7.44% | -0.16% | -7.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.15% | -2.42% | -17.73% |
Max Drawdown (10Y)Largest decline over 10 years | -29.57% | -4.62% | -24.95% |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -0.17% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.00% | +0.88% |
Volatility
HYMB vs. MINT - Volatility Comparison
SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a higher volatility of 1.36% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.09%. This indicates that HYMB'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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Volatility by Period
| HYMB | MINT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 0.09% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 0.20% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 0.27% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.66% | 0.58% | +6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 0.95% | +10.40% |
HYMB vs. MINT - Expense Ratio Comparison
HYMB has a 0.35% expense ratio, which is lower than MINT's 0.36% expense ratio.
Dividends
HYMB vs. MINT - Dividend Comparison
HYMB's dividend yield for the trailing twelve months is around 4.54%, more than MINT's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.54% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
MINT PIMCO Enhanced Short Maturity Active ETF | 4.28% | 4.63% | 5.22% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% |
Frequently Asked Questions
HYMB and MINT 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.
HYMB has higher volatility (1.36%) compared to MINT (0.09%). In terms of maximum drawdown, HYMB dropped -29.57% vs MINT's -4.62%.
On 10-year performance, MINT leads with 2.72% vs 2.35% for HYMB. On fees, HYMB is cheaper at 0.35% per year. On volatility, MINT has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MINT has performed better with a 2.72% return vs 2.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYMB is cheaper with a 0.35% expense ratio, compared with 0.36% for MINT.
HYMB has the higher dividend yield at 4.54%, compared with 4.28% for MINT.
HYMB is categorized as Municipal Bonds, while MINT is Ultrashort Bond. They also come from different issuers: State Street and PIMCO. Their fees differ too: 0.35% for HYMB and 0.36% for MINT.
MINT currently has the higher Sharpe Ratio (17.51 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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