MINO vs. EINC
MINO (PIMCO Municipal Income Opportunities Active Exchange-Traded Fund) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - MINO is a Municipal Bonds fund actively managed by PIMCO, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. MINO is actively managed, while EINC is passively managed. Over the past 3 years, MINO returned 4.61%/yr vs 30.36%/yr for EINC. At a 0.03 correlation, their price movements are largely independent. MINO charges 0.39%/yr vs 0.45%/yr for EINC.
Performance
MINO vs. EINC - Performance Comparison
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Returns By Period
In the year-to-date period, MINO achieves a 2.24% return, which is significantly lower than EINC's 25.97% return.
MINO
- 1D
- -0.04%
- 1M
- 1.62%
- YTD
- 2.24%
- 6M
- 2.29%
- 1Y
- 7.49%
- 3Y*
- 4.61%
- 5Y*
- —
- 10Y*
- —
EINC
- 1D
- 1.37%
- 1M
- -4.50%
- YTD
- 25.97%
- 6M
- 25.98%
- 1Y
- 29.82%
- 3Y*
- 30.36%
- 5Y*
- 21.18%
- 10Y*
- 12.03%
MINO vs. EINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 2.24% | 4.42% | 3.13% | 8.46% | -10.43% | 0.26% |
EINC VanEck Energy Income ETF | 25.97% | 7.11% | 42.79% | 15.55% | 19.18% | 2.95% |
Correlation
The correlation between MINO and EINC is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2021 | 0.03 |
The correlation between MINO and EINC shifts across timeframes, from -0.17 (1 year) to 0.04 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MINO vs. EINC — Risk / Return Rank
MINO
EINC
MINO vs. EINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and VanEck Energy Income ETF (EINC). 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.
| MINO | EINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.35 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 3.80 | -0.68 |
| Martin ratioReturn relative to average drawdown | 11.17 | 9.63 | +1.54 |
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Drawdowns
MINO vs. EINC - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for MINO and EINC.
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Drawdown Indicators
| MINO | EINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -87.55% | +72.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -7.89% | +5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -16.01% | +10.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.85% | — |
Current DrawdownCurrent decline from peak | -0.04% | -4.50% | +4.46% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -44.15% | +39.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 3.10% | -2.43% |
Volatility
MINO vs. EINC - Volatility Comparison
The current volatility for PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is 0.72%, while VanEck Energy Income ETF (EINC) has a volatility of 6.51%. This indicates that MINO experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINO | EINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 6.51% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 11.88% | -9.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 15.10% | -12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 19.54% | -15.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 25.43% | -20.91% |
MINO vs. EINC - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is lower than EINC's 0.45% expense ratio.
Dividends
MINO vs. EINC - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.88%, more than EINC's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINC VanEck Energy Income ETF | 3.51% | 4.51% | 3.33% | 3.77% | 2.89% | 6.03% | 6.69% | 9.66% | 11.31% | 8.53% | 9.71% | 28.53% |
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 3.88% | 3.71% | 3.91% | 3.78% | 2.87% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MINO and EINC have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EINC has higher volatility (6.51%) compared to MINO (0.72%). In terms of maximum drawdown, MINO dropped -15.24% vs EINC's -87.55%.
On 3-year performance, EINC leads with 30.36% vs 4.61% for MINO. On fees, MINO is cheaper at 0.39% per year. On volatility, MINO has been the lower-risk option at 0.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EINC has performed better with a 30.36% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MINO is cheaper with a 0.39% expense ratio, compared with 0.45% for EINC.
MINO has the higher dividend yield at 3.88%, compared with 3.51% for EINC.
MINO is categorized as Municipal Bonds, while EINC is Energy Equities. They also come from different issuers: PIMCO and VanEck. Their fees differ too: 0.39% for MINO and 0.45% for EINC.
MINO currently has the higher Sharpe Ratio (2.78 vs 1.99), 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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