MINN vs. MFLX
MINN (Mairs & Power Minnesota Municipal Bond ETF) and MFLX (First Trust Flexible Municipal High Income ETF) are both Municipal Bonds funds. Both are actively managed. Over the past 5 years, MINN returned -0.78%/yr vs -0.88%/yr for MFLX. Their 0.32 correlation means their historical movements had little consistent relationship. MINN charges 0.25%/yr vs 0.88%/yr for MFLX.
Performance
MINN vs. MFLX - Performance Comparison
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Returns By Period
In the year-to-date period, MINN achieves a -1.11% return, which is significantly lower than MFLX's 1.98% return.
MINN
- 1D
- -0.05%
- 1M
- -2.00%
- 6M
- -1.58%
- YTD
- -1.11%
- 1Y
- 3.90%
- 3Y*
- 2.82%
- 5Y*
- -0.78%
- 10Y*
- —
- ALL TIME*
- -0.44%
MFLX
- 1D
- -0.12%
- 1M
- -2.47%
- 6M
- 1.03%
- YTD
- 1.98%
- 1Y
- 7.47%
- 3Y*
- 5.09%
- 5Y*
- -0.88%
- 10Y*
- —
- ALL TIME*
- 1.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $144.82K | $125.46K | $116.25K | |
| $356.88K | $256.88K | $189.68K |
MINN vs. MFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MINN Mairs & Power Minnesota Municipal Bond ETF | -1.11% | 5.61% | 0.21% | 5.41% | -12.27% | 0.92% |
MFLX First Trust Flexible Municipal High Income ETF | 1.98% | 3.94% | 3.74% | 8.98% | -19.94% | 7.79% |
Correlation
The correlation between MINN and MFLX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2021 | 0.32 |
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Return for Risk
MINN vs. MFLX — Risk / Return Rank
MINN
MFLX
MINN vs. MFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mairs & Power Minnesota Municipal Bond ETF (MINN) and First Trust Flexible Municipal High Income ETF (MFLX). 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.
| MINN | MFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.49 | -0.93 |
| Martin ratioReturn relative to average drawdown | 4.41 | 9.54 | -5.13 |
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Drawdowns
MINN vs. MFLX - Drawdown Comparison
The maximum MINN drawdown since its inception was -18.37%, smaller than the maximum MFLX drawdown of -26.76%. Use the drawdown chart below to compare losses from any high point for MINN and MFLX.
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Drawdown Indicators
| MINN | MFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -26.76% | +8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -3.11% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -7.36% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.24% | -25.88% | +7.64% |
Current DrawdownCurrent decline from peak | -4.02% | -5.04% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -8.09% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.81% | +0.18% |
Volatility
MINN vs. MFLX - Volatility Comparison
Mairs & Power Minnesota Municipal Bond ETF (MINN) and First Trust Flexible Municipal High Income ETF (MFLX) have volatilities of 1.07% and 1.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINN | MFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.08% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 3.24% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 4.11% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 10.33% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 11.21% | -6.27% |
MINN vs. MFLX - Expense Ratio Comparison
MINN has a 0.25% expense ratio, which is lower than MFLX's 0.88% expense ratio.
Dividends
MINN vs. MFLX - Dividend Comparison
MINN's dividend yield for the trailing twelve months is around 3.09%, less than MFLX's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
MFLX First Trust Flexible Municipal High Income ETF | 4.20% | 4.06% | 3.81% | 3.65% | 4.27% | 3.69% | 3.21% | 2.94% | 3.74% | 3.80% | 0.98% |
MINN Mairs & Power Minnesota Municipal Bond ETF | 3.09% | 2.94% | 2.65% | 1.80% | 1.34% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MINN and MFLX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFLX has higher volatility (1.08%) compared to MINN (1.07%). In terms of maximum drawdown, MINN dropped -18.37% vs MFLX's -26.76%.
On 5-year performance, MINN leads with -0.78% vs -0.88% for MFLX. On fees, MINN is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MINN has performed better with a -0.78% return vs -0.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MINN is cheaper with a 0.25% expense ratio, compared with 0.88% for MFLX.
MFLX has the higher dividend yield at 4.20%, compared with 3.09% for MINN.
They also come from different issuers: Mairs & Power and First Trust. Their fees differ too: 0.25% for MINN and 0.88% for MFLX.
MFLX currently has the higher Sharpe Ratio (1.90 vs 1.01), 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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