MINO vs. HYMB
Compare and contrast key facts about PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB).
MINO and HYMB 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. HYMB is a passively managed fund by State Street that tracks the performance of the Bloomberg Municipal Yield. It was launched on Apr 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MINO or HYMB.
Key characteristics
| MINO | HYMB | |
|---|---|---|
| YTD Return | 3.25% | 5.79% |
| 1Y Return | 9.24% | 12.91% |
| 3Y Return (Ann) | 0.28% | -1.02% |
| Sharpe Ratio | 2.22 | 2.35 |
| Sortino Ratio | 3.18 | 3.31 |
| Omega Ratio | 1.45 | 1.47 |
| Calmar Ratio | 1.13 | 0.87 |
| Martin Ratio | 14.39 | 15.13 |
| Ulcer Index | 0.64% | 0.86% |
| Daily Std Dev | 4.16% | 5.51% |
| Max Drawdown | -15.24% | -29.57% |
| Current Drawdown | -1.15% | -3.98% |
Correlation
The correlation between MINO and HYMB is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MINO vs. HYMB - Performance Comparison
In the year-to-date period, MINO achieves a 3.25% return, which is significantly lower than HYMB's 5.79% 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. HYMB - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is higher than HYMB's 0.35% expense ratio.
Risk-Adjusted Performance
MINO vs. HYMB - 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 SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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. HYMB - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.93%, less than HYMB's 4.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 3.93% | 3.78% | 2.87% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.20% | 4.06% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% | 4.49% | 5.17% |
Drawdowns
MINO vs. HYMB - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for MINO and HYMB. For additional features, visit the drawdowns tool.
Volatility
MINO vs. HYMB - Volatility Comparison
The current volatility for PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is 2.03%, while SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a volatility of 2.30%. This indicates that MINO experiences smaller price fluctuations and is considered to be less risky than HYMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.