MINO vs. HYS
MINO (PIMCO Municipal Income Opportunities Active Exchange-Traded Fund) and HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) are both exchange-traded funds - MINO is a Municipal Bonds fund actively managed by PIMCO, while HYS is a High Yield Bonds fund tracking the ICE BofA 0-5 Year US High Yield Constrained Index. MINO is actively managed, while HYS is passively managed. Over the past 3 years, MINO returned 4.16%/yr vs 8.13%/yr for HYS. Their 0.32 correlation means their historical movements had little consistent relationship. MINO charges 0.39%/yr vs 0.56%/yr for HYS.
Performance
MINO vs. HYS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MINO achieves a 0.87% return, which is significantly lower than HYS's 1.42% return.
MINO
- 1D
- -0.20%
- 1M
- -1.84%
- 6M
- 0.17%
- YTD
- 0.87%
- 1Y
- 5.64%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.16%
HYS
- 1D
- 0.06%
- 1M
- -0.28%
- 6M
- 1.03%
- YTD
- 1.42%
- 1Y
- 5.05%
- 3Y*
- 8.13%
- 5Y*
- 5.03%
- 10Y*
- 5.19%
- ALL TIME*
- 4.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.07M | $9.33M | $11.19M | |
| $4.84M | $4.61M | $4.86M |
MINO vs. HYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 0.87% | 4.42% | 3.13% | 8.46% | -10.43% | 0.26% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 1.42% | 8.80% | 8.42% | 11.38% | -5.42% | 0.70% |
Correlation
The correlation between MINO and HYS is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2021 | 0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MINO vs. HYS — Risk / Return Rank
MINO
HYS
MINO vs. HYS - 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 0-5 Year High Yield Corporate Bond Index ETF (HYS). 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 | HYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.29 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.76 | -0.09 |
| Martin ratioReturn relative to average drawdown | 9.12 | 10.85 | -1.74 |
Loading charts...
Drawdowns
MINO vs. HYS - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, smaller than the maximum HYS drawdown of -20.91%. Use the drawdown chart below to compare losses from any high point for MINO and HYS.
Loading charts...
Drawdown Indicators
| MINO | HYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -20.91% | +5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -1.88% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.71% | -4.98% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.91% | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.53% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -1.52% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.48% | +0.22% |
Volatility
MINO vs. HYS - Volatility Comparison
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) has a higher volatility of 0.90% compared to PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) at 0.76%. This indicates that MINO's price experiences larger fluctuations and is considered to be riskier than HYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MINO | HYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 0.76% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 2.80% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 3.39% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 6.26% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 6.78% | -2.29% |
MINO vs. HYS - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is lower than HYS's 0.56% expense ratio.
Dividends
MINO vs. HYS - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.95%, less than HYS's 7.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 6.87% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 3.64% | 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 HYS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MINO has higher volatility (0.90%) compared to HYS (0.76%). In terms of maximum drawdown, MINO dropped -15.24% vs HYS's -20.91%.
On 3-year performance, HYS leads with 8.13% vs 4.16% for MINO. On fees, MINO is cheaper at 0.39% per year. On volatility, HYS has been the lower-risk option at 0.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HYS has performed better with a 8.13% return vs 4.16%. 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 0.56% for HYS.
HYS has the higher dividend yield at 6.87%, compared with 3.64% for MINO.
MINO is categorized as Municipal Bonds, while HYS is High Yield Bonds. Their fees differ too: 0.39% for MINO and 0.56% for HYS.
MINO currently has the higher Sharpe Ratio (2.33 vs 1.53), 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.
Find the right allocation for MINO and HYS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer