MINO vs. EMNT
MINO (PIMCO Municipal Income Opportunities Active Exchange-Traded Fund) and EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) are both exchange-traded funds - MINO is a Municipal Bonds fund actively managed by PIMCO, while EMNT is a Ultrashort Bond fund actively managed by PIMCO. Both are actively managed. Over the past 3 years, MINO returned 4.99%/yr vs 5.24%/yr for EMNT. At a 0.30 correlation, their price movements are largely independent. MINO charges 0.39%/yr vs 0.24%/yr for EMNT.
Performance
MINO vs. EMNT - Performance Comparison
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Returns By Period
In the year-to-date period, MINO achieves a 1.96% return, which is significantly higher than EMNT's 1.64% return.
MINO
- 1D
- -0.08%
- 1M
- 0.58%
- YTD
- 1.96%
- 6M
- 2.19%
- 1Y
- 7.93%
- 3Y*
- 4.99%
- 5Y*
- —
- 10Y*
- —
EMNT
- 1D
- -0.02%
- 1M
- 0.39%
- YTD
- 1.64%
- 6M
- 1.97%
- 1Y
- 4.38%
- 3Y*
- 5.24%
- 5Y*
- 3.43%
- 10Y*
- —
MINO vs. EMNT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 1.96% | 4.42% | 3.13% | 8.46% | -10.43% | 0.28% |
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 1.64% | 4.74% | 5.79% | 5.84% | -0.57% | -0.21% |
Correlation
The correlation between MINO and EMNT is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021 | 0.30 |
The correlation between MINO and EMNT shifts across timeframes, from 0.22 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MINO vs. EMNT — Risk / Return Rank
MINO
EMNT
MINO vs. EMNT - 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 PIMCO Enhanced Short Maturity Active ESG ETF (EMNT). 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.
| MINO | EMNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.71 | ||
| Sortino ratioReturn per unit of downside risk | -16.69 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 5.63 | -4.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 33.45 | -30.15 |
| Martin ratioReturn relative to average drawdown | 11.84 | 235.99 | -224.16 |
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
| MINO | EMNT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 10.63 | -7.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 4.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 3.51 | -3.19 |
Drawdowns
MINO vs. EMNT - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, which is greater than EMNT's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for MINO and EMNT.
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Drawdown Indicators
| MINO | EMNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -2.28% | -12.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -0.13% | -2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -0.73% | -4.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.70% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.02% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -0.23% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.02% | +0.65% |
Volatility
MINO vs. EMNT - Volatility Comparison
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) has a higher volatility of 1.04% compared to PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) at 0.14%. This indicates that MINO's price experiences larger fluctuations and is considered to be riskier than EMNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINO | EMNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.14% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 0.34% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 0.41% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 0.83% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 0.86% | +3.69% |
MINO vs. EMNT - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is higher than EMNT's 0.24% expense ratio.
Dividends
MINO vs. EMNT - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.89%, less than EMNT's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 4.00% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% |
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 3.89% | 3.71% | 3.91% | 3.78% | 2.87% | 0.29% | 0.00% |
Frequently Asked Questions
MINO and EMNT have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MINO has higher volatility (1.04%) compared to EMNT (0.14%). In terms of maximum drawdown, MINO dropped -15.24% vs EMNT's -2.28%.
On 3-year performance, EMNT leads with 5.24% vs 4.99% for MINO. On fees, EMNT is cheaper at 0.24% per year. On volatility, EMNT has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMNT has performed better with a 5.24% return vs 4.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMNT is cheaper with a 0.24% expense ratio, compared with 0.39% for MINO.
EMNT has the higher dividend yield at 4.00%, compared with 3.89% for MINO.
MINO is categorized as Municipal Bonds, while EMNT is Ultrashort Bond. Their fees differ too: 0.39% for MINO and 0.24% for EMNT.
EMNT currently has the higher Sharpe Ratio (10.63 vs 2.92), 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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