MINO vs. CDX
Compare and contrast key facts about PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and Simplify High Yield PLUS Credit Hedge ETF (CDX).
MINO and CDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MINO is an actively managed fund by PIMCO. It was launched on Sep 8, 2021. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MINO or CDX.
Key characteristics
| MINO | CDX | |
|---|---|---|
| YTD Return | 3.25% | 10.12% |
| 1Y Return | 9.24% | 13.40% |
| Sharpe Ratio | 2.22 | 2.05 |
| Sortino Ratio | 3.18 | 2.86 |
| Omega Ratio | 1.45 | 1.37 |
| Calmar Ratio | 1.13 | 4.84 |
| Martin Ratio | 14.39 | 16.11 |
| Ulcer Index | 0.64% | 0.83% |
| Daily Std Dev | 4.16% | 6.54% |
| Max Drawdown | -15.24% | -13.24% |
| Current Drawdown | -1.15% | -0.71% |
Correlation
The correlation between MINO and CDX is 0.31, 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
MINO vs. CDX - Performance Comparison
In the year-to-date period, MINO achieves a 3.25% return, which is significantly lower than CDX's 10.12% 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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MINO vs. CDX - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is higher than CDX's 0.26% expense ratio.
Risk-Adjusted Performance
MINO vs. CDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and Simplify High Yield PLUS Credit Hedge ETF (CDX). 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
MINO vs. CDX - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.93%, less than CDX's 7.44% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 3.93% | 3.78% | 2.87% | 0.29% |
CDX Simplify High Yield PLUS Credit Hedge ETF | 7.44% | 5.26% | 7.51% | 0.00% |
Drawdowns
MINO vs. CDX - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, which is greater than CDX's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for MINO and CDX. For additional features, visit the drawdowns tool.
Volatility
MINO vs. CDX - Volatility Comparison
The current volatility for PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is 2.03%, while Simplify High Yield PLUS Credit Hedge ETF (CDX) has a volatility of 2.63%. This indicates that MINO experiences smaller price fluctuations and is considered to be less risky than CDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.