MINN vs. CALI
Compare and contrast key facts about Mairs & Power Minnesota Municipal Bond ETF (MINN) and iShares Short-Term California Muni Active ETF (CALI).
MINN and CALI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MINN is an actively managed fund by Mairs & Power. It was launched on Mar 11, 2021. CALI is a passively managed fund by iShares that tracks the performance of the ICE AMT-Free California Municipal Index. It was launched on Oct 4, 2007.
Performance
MINN vs. CALI - Performance Comparison
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MINN vs. CALI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MINN Mairs & Power Minnesota Municipal Bond ETF | -1.20% | 5.61% | 0.21% | 3.99% |
CALI iShares Short-Term California Muni Active ETF | 0.30% | 3.28% | 2.84% | 1.97% |
Returns By Period
In the year-to-date period, MINN achieves a -1.20% return, which is significantly lower than CALI's 0.30% return.
MINN
- 1D
- 0.18%
- 1M
- -2.27%
- YTD
- -1.20%
- 6M
- 0.91%
- 1Y
- 3.98%
- 3Y*
- 2.44%
- 5Y*
- -0.46%
- 10Y*
- —
CALI
- 1D
- 0.07%
- 1M
- -0.46%
- YTD
- 0.30%
- 6M
- 0.80%
- 1Y
- 2.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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MINN vs. CALI - Expense Ratio Comparison
MINN has a 0.25% expense ratio, which is higher than CALI's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
MINN vs. CALI — Risk / Return Rank
MINN
CALI
MINN vs. CALI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mairs & Power Minnesota Municipal Bond ETF (MINN) and iShares Short-Term California Muni Active ETF (CALI). 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.
| MINN | CALI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 2.53 | -1.86 |
Sortino ratioReturn per unit of downside risk | 1.00 | 3.29 | -2.29 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.63 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 3.51 | -2.29 |
Martin ratioReturn relative to average drawdown | 3.94 | 15.32 | -11.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MINN | CALI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 2.53 | -1.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 2.76 | -2.84 |
Correlation
The correlation between MINN and CALI is 0.34, 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.
Dividends
MINN vs. CALI - Dividend Comparison
MINN's dividend yield for the trailing twelve months is around 3.05%, more than CALI's 2.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MINN Mairs & Power Minnesota Municipal Bond ETF | 3.05% | 2.94% | 2.65% | 1.80% | 1.34% | 0.64% |
CALI iShares Short-Term California Muni Active ETF | 2.57% | 2.62% | 3.14% | 1.37% | 0.00% | 0.00% |
Drawdowns
MINN vs. CALI - Drawdown Comparison
The maximum MINN drawdown since its inception was -18.37%, which is greater than CALI's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for MINN and CALI.
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Drawdown Indicators
| MINN | CALI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -0.78% | -17.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -0.78% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | — | — |
Current DrawdownCurrent decline from peak | -4.11% | -0.46% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -0.08% | -7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.18% | +0.94% |
Volatility
MINN vs. CALI - Volatility Comparison
Mairs & Power Minnesota Municipal Bond ETF (MINN) has a higher volatility of 1.14% compared to iShares Short-Term California Muni Active ETF (CALI) at 0.34%. This indicates that MINN's price experiences larger fluctuations and is considered to be riskier than CALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINN | CALI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 0.34% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 0.52% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 1.09% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 1.13% | +3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 1.13% | +3.91% |