LONZ vs. MINT
Compare and contrast key facts about PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and PIMCO Enhanced Short Maturity Strategy Fund (MINT).
LONZ and MINT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LONZ is an actively managed fund by PIMCO. It was launched on Jun 8, 2022. 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: LONZ or MINT.
Key characteristics
| LONZ | MINT | |
|---|---|---|
| YTD Return | 6.45% | 4.29% |
| 1Y Return | 9.86% | 6.03% |
| Sharpe Ratio | 4.64 | 13.61 |
| Daily Std Dev | 2.14% | 0.45% |
| Max Drawdown | -4.05% | -4.62% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between LONZ and MINT is 0.07, 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.
Performance
LONZ vs. MINT - Performance Comparison
In the year-to-date period, LONZ achieves a 6.45% return, which is significantly higher than MINT's 4.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LONZ vs. MINT - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than MINT's 0.36% expense ratio.
Risk-Adjusted Performance
LONZ vs. MINT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) 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
LONZ vs. MINT - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 7.59%, more than MINT's 5.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 7.59% | 8.29% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MINT PIMCO Enhanced Short Maturity Strategy Fund | 5.33% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% | 0.80% | 0.88% |
Drawdowns
LONZ vs. MINT - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.05%, smaller than the maximum MINT drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for LONZ and MINT. For additional features, visit the drawdowns tool.
Volatility
LONZ vs. MINT - Volatility Comparison
PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) has a higher volatility of 0.60% compared to PIMCO Enhanced Short Maturity Strategy Fund (MINT) at 0.26%. This indicates that LONZ'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.