MINN vs. FIMIX
Compare and contrast key facts about Mairs & Power Minnesota Municipal Bond ETF (MINN) and Fidelity Minnesota Municipal Income Fund (FIMIX).
MINN is an actively managed fund by Mairs & Power. It was launched on Mar 11, 2021. FIMIX is managed by Fidelity. It was launched on Nov 21, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MINN or FIMIX.
Correlation
The correlation between MINN and FIMIX is 0.09, 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
MINN vs. FIMIX - Performance Comparison
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Key characteristics
MINN:
0.30
FIMIX:
0.14
MINN:
0.49
FIMIX:
0.24
MINN:
1.06
FIMIX:
1.04
MINN:
0.16
FIMIX:
0.14
MINN:
1.19
FIMIX:
0.53
MINN:
1.58%
FIMIX:
1.49%
MINN:
5.96%
FIMIX:
4.96%
MINN:
-18.37%
FIMIX:
-12.33%
MINN:
-7.82%
FIMIX:
-3.33%
Returns By Period
In the year-to-date period, MINN achieves a 0.31% return, which is significantly higher than FIMIX's -0.90% return.
MINN
0.31%
2.49%
0.14%
2.35%
N/A
N/A
FIMIX
-0.90%
0.74%
-0.99%
0.79%
0.49%
1.61%
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MINN vs. FIMIX - Expense Ratio Comparison
MINN has a 0.25% expense ratio, which is lower than FIMIX's 0.49% expense ratio.
Risk-Adjusted Performance
MINN vs. FIMIX — Risk-Adjusted Performance Rank
MINN
FIMIX
MINN vs. FIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mairs & Power Minnesota Municipal Bond ETF (MINN) and Fidelity Minnesota Municipal Income Fund (FIMIX). 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.
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Dividends
MINN vs. FIMIX - Dividend Comparison
MINN's dividend yield for the trailing twelve months is around 2.82%, more than FIMIX's 2.50% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
MINN Mairs & Power Minnesota Municipal Bond ETF | 2.82% | 2.65% | 1.80% | 1.34% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIMIX Fidelity Minnesota Municipal Income Fund | 2.50% | 2.66% | 2.29% | 2.15% | 2.11% | 2.28% | 2.56% | 2.64% | 2.53% | 3.02% | 3.12% | 3.32% |
Drawdowns
MINN vs. FIMIX - Drawdown Comparison
The maximum MINN drawdown since its inception was -18.37%, which is greater than FIMIX's maximum drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for MINN and FIMIX. For additional features, visit the drawdowns tool.
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Volatility
MINN vs. FIMIX - Volatility Comparison
Mairs & Power Minnesota Municipal Bond ETF (MINN) has a higher volatility of 2.99% compared to Fidelity Minnesota Municipal Income Fund (FIMIX) at 2.56%. This indicates that MINN's price experiences larger fluctuations and is considered to be riskier than FIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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