MINO vs. IBMM

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM).

MINO and IBMM 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. IBMM is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Series Dec 2024 Index. It was launched on Mar 20, 2018.

Performance

MINO vs. IBMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

MINO vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund	-0.76%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Returns By Period

MINO

• 1D: 0.24%
• 1M: -1.83%
• YTD: 0.32%
• 6M: 1.66%
• 1Y: 4.93%
• 3Y*: 4.49%
• 5Y*: —
• 10Y*: —

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MINO vs. IBMM - Expense Ratio Comparison

MINO has a 0.39% expense ratio, which is higher than IBMM's 0.18% expense ratio.

MINO

PIMCO Municipal Income Opportunities Active Exchange-Traded Fund

IBMM

iShares iBonds Dec 2024 Term Muni Bond ETF

Return for Risk

MINO vs. IBMM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MINO

MINO Risk / Return Rank: 55
MINO Sharpe Ratio Rank: 60
MINO Sortino Ratio Rank: 51
MINO Omega Ratio Rank: 71
MINO Calmar Ratio Rank: 52
MINO Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MINO vs. IBMM - 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 iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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	IBMM	Difference
Sharpe ratio Return per unit of total volatility	1.06	—	—
Sortino ratio Return per unit of downside risk	1.36	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	1.33	—	—
Martin ratio Return relative to average drawdown	3.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MINO	IBMM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	—	—

Dividends

MINO vs. IBMM - Dividend Comparison

MINO's dividend yield for the trailing twelve months is around 3.81%, while IBMM has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund	3.81%	3.71%	3.91%	3.78%	2.87%	0.29%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MINO vs. IBMM - Drawdown Comparison

The maximum MINO drawdown since its inception was -15.24%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MINO and IBMM.

Drawdown Indicators

	MINO	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-15.24%	0.00%	-15.24%
Max Drawdown (1Y) Largest decline over 1 year	-3.83%	—	—
Current Drawdown Current decline from peak	-1.83%	0.00%	-1.83%
Average Drawdown Average peak-to-trough decline	-4.38%	0.00%	-4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	—	—

Volatility

Volatility by Period

	MINO	IBMM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.67%	0.00%	+4.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.60%	0.00%	+4.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.60%	0.00%	+4.60%