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

IMGP.L vs. MINT.L

Last updated Jul 16, 2026
Documentation

IMGP.L (iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)) and MINT.L (PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF) are both Global Equities funds - IMGP.L tracks the iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) while MINT.L tracks the PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF. Both are passively managed. Over the past 3 years, IMGP.L returned 3.56%/yr vs 4.02%/yr for MINT.L. At a correlation of -0.24, they often move in opposite directions.

Performance

IMGP.L vs. MINT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.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

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

Returns By Period

In the year-to-date period, IMGP.L achieves a 0.24% return, which is significantly lower than MINT.L's 1.92% return.

IMGP.L

1D
0.20%
1M
-0.35%
6M
-0.35%
YTD
0.24%
1Y
5.40%
3Y*
3.56%
5Y*
—
10Y*
—

MINT.L

1D
0.00%
1M
-0.55%
6M
1.49%
YTD
1.92%
1Y
3.41%
3Y*
4.02%
5Y*
3.84%
10Y*
2.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
IMGP.L
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)		0.24%8.06%0.85%2.81%2.83%
MINT.L
PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF		1.92%-2.80%7.60%0.43%-6.76%

Correlation

The correlation between IMGP.L and MINT.L is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.24

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

-0.22

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2022

-0.24

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iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)

PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMGP.L
IMGP.L Risk / Return Rank: 4343
Overall Rank
IMGP.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
IMGP.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
IMGP.L Omega Ratio Rank: 4646
Omega Ratio Rank
IMGP.L Calmar Ratio Rank: 4141
Calmar Ratio Rank
IMGP.L Martin Ratio Rank: 4141
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.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.

IMGP.LMINT.LDifference
Sharpe ratioReturn per unit of total volatility
1.29
0.55

+0.74

Sortino ratioReturn per unit of downside risk
1.88
0.82

+1.05

Omega ratioGain probability vs. loss probability

1.25

1.10

+0.15

Calmar ratioReturn relative to maximum drawdown

1.74

0.72

+1.03

Martin ratioReturn relative to average drawdown

5.37

1.97

+3.39

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

The current IMGP.L Sharpe Ratio is 1.29, which is higher than the MINT.L Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of IMGP.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

IMGP.L vs. MINT.L - Drawdown Comparison

The maximum IMGP.L drawdown since its inception was -9.76%, smaller than the maximum MINT.L drawdown of -15.69%. Use the drawdown chart below to compare losses from any high point for IMGP.L and MINT.L.

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Drawdown Indicators

IMGP.LMINT.LDifference

Max Drawdown

Largest peak-to-trough decline

-9.76%

-15.69%

+5.93%

Max Drawdown (1Y)

Largest decline over 1 year

-3.09%

-5.03%

+1.94%

Max Drawdown (3Y)

Largest decline over 3 years

-7.57%

-9.68%

+2.11%

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.65%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-15.69%

—

Current Drawdown

Current decline from peak

-1.50%

-4.61%

+3.11%

Average Drawdown

Average peak-to-trough decline

-2.14%

-6.12%

+3.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.00%

1.83%

-0.83%

Volatility

IMGP.L vs. MINT.L - Volatility Comparison

The current volatility for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) is 1.41%, while PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L) has a volatility of 1.67%. This indicates that IMGP.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

IMGP.LMINT.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.41%

1.67%

-0.26%

Volatility (6M)

Calculated over the trailing 6-month period

3.28%

5.05%

-1.77%

Volatility (1Y)

Calculated over the trailing 1-year period

4.19%

6.57%

-2.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.91%

8.43%

-1.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.91%

8.71%

-1.80%

Dividends

IMGP.L vs. MINT.L - Dividend Comparison

IMGP.L's dividend yield for the trailing twelve months is around 3.71%, less than MINT.L's 4.36% yield.

PositionTTM20252024202320222021202020192018201720162015
IMGP.L
iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)		3.71%3.50%3.55%3.15%0.38%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

IMGP.L and MINT.L have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMGP.L tracks iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist), while MINT.L tracks PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF. They also come from different issuers: iShares and PIMCO.

Portfolio Optimizer

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