MINO vs. MFUS
MINO (PIMCO Municipal Income Opportunities Active Exchange-Traded Fund) and MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) are both exchange-traded funds - MINO is a Municipal Bonds fund actively managed by PIMCO, while MFUS is a Large Cap Growth Equities fund tracking the RAFI Dynamic Multi-Factor U.S. Index. MINO is actively managed, while MFUS is passively managed. Over the past 3 years, MINO returned 4.16%/yr vs 19.23%/yr for MFUS. Their 0.14 correlation means their historical movements had little consistent relationship. MINO charges 0.39%/yr vs 0.30%/yr for MFUS.
Performance
MINO vs. MFUS - Performance Comparison
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Returns By Period
In the year-to-date period, MINO achieves a 0.87% return, which is significantly lower than MFUS's 16.05% 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%
MFUS
- 1D
- 0.02%
- 1M
- -0.78%
- 6M
- 11.41%
- YTD
- 16.05%
- 1Y
- 25.38%
- 3Y*
- 19.23%
- 5Y*
- 12.82%
- 10Y*
- —
- ALL TIME*
- 13.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.61M | $1.05M | $936.81K | |
| $4.84M | $4.61M | $4.86M |
MINO vs. MFUS - 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% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 16.05% | 16.02% | 20.17% | 12.19% | -5.82% | 5.95% |
Correlation
The correlation between MINO and MFUS is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2021 | 0.14 |
The correlation between MINO and MFUS shifts across timeframes, from 0.14 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MINO vs. MFUS — Risk / Return Rank
MINO
MFUS
MINO vs. MFUS - 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 RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). 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 | MFUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.39 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.86 | -1.19 |
| Martin ratioReturn relative to average drawdown | 9.12 | 14.64 | -5.52 |
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Drawdowns
MINO vs. MFUS - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, smaller than the maximum MFUS drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for MINO and MFUS.
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Drawdown Indicators
| MINO | MFUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -35.21% | +19.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -6.39% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -4.71% | -15.39% | +10.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.22% | — |
Current DrawdownCurrent decline from peak | -1.84% | -2.61% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -3.95% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.68% | -0.98% |
Volatility
MINO vs. MFUS - Volatility Comparison
The current volatility for PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is 0.90%, while PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) has a volatility of 2.93%. This indicates that MINO experiences smaller price fluctuations and is considered to be less risky than MFUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINO | MFUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 2.93% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 9.11% | -7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 11.43% | -8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 15.02% | -10.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 17.28% | -12.79% |
MINO vs. MFUS - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is higher than MFUS's 0.30% expense ratio.
Dividends
MINO vs. MFUS - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.95%, more than MFUS's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 1.38% | 1.54% | 1.45% | 1.96% | 2.07% | 1.35% | 1.72% | 1.89% | 1.69% | 1.01% |
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% |
Frequently Asked Questions
MINO and MFUS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MFUS has higher volatility (2.93%) compared to MINO (0.90%). In terms of maximum drawdown, MINO dropped -15.24% vs MFUS's -35.21%.
On 3-year performance, MFUS leads with 19.23% vs 4.16% for MINO. On fees, MFUS is cheaper at 0.30% per year. On volatility, MINO has been the lower-risk option at 0.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MFUS has performed better with a 19.23% return vs 4.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MFUS is cheaper with a 0.30% expense ratio, compared with 0.39% for MINO.
MINO has the higher dividend yield at 3.64%, compared with 1.38% for MFUS.
MINO is categorized as Municipal Bonds, while MFUS is Large Cap Growth Equities. Their fees differ too: 0.39% for MINO and 0.30% for MFUS.
MINO currently has the higher Sharpe Ratio (2.33 vs 2.16), 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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