MINO vs. PDI
MINO (PIMCO Municipal Income Opportunities Active Exchange-Traded Fund) is Municipal Bonds fund actively managed by PIMCO, while PDI (PIMCO Dynamic Income Fund) is a stock. Over the past 3 years, MINO returned 4.16%/yr vs 8.66%/yr for PDI. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
MINO vs. PDI - Performance Comparison
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Returns By Period
In the year-to-date period, MINO achieves a 0.87% return, which is significantly higher than PDI's -1.34% 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%
PDI
- 1D
- -0.68%
- 1M
- -2.92%
- 6M
- -5.41%
- YTD
- -1.34%
- 1Y
- -3.63%
- 3Y*
- 8.66%
- 5Y*
- 2.52%
- 10Y*
- 6.63%
- ALL TIME*
- 9.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.84M | $4.61M | $4.86M | |
| $42.57M | $40.75M | $45.28M |
MINO vs. PDI - 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% |
PDI PIMCO Dynamic Income Fund | -1.34% | 11.03% | 17.18% | 11.99% | -16.99% | -3.72% |
Correlation
The correlation between MINO and PDI is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2021 | 0.23 |
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Return for Risk
MINO vs. PDI — Risk / Return Rank
MINO
PDI
MINO vs. PDI - 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 Dynamic Income Fund (PDI). 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 | PDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.83 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 0.95 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | -0.32 | +2.99 |
| Martin ratioReturn relative to average drawdown | 9.12 | -0.61 | +9.73 |
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Drawdowns
MINO vs. PDI - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for MINO and PDI.
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Drawdown Indicators
| MINO | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -46.47% | +31.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -10.95% | +8.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.71% | -17.55% | +12.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.47% | — |
Current DrawdownCurrent decline from peak | -1.84% | -9.05% | +7.21% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -6.23% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 5.78% | -5.08% |
Volatility
MINO vs. PDI - Volatility Comparison
The current volatility for PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is 0.90%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 3.04%. This indicates that MINO experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINO | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | 3.04% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 8.89% | -6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 11.83% | -9.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 15.58% | -11.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 19.05% | -14.56% |
Dividends
MINO vs. PDI - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.95%, less than PDI's 16.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PDI PIMCO Dynamic Income Fund | 16.54% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
Frequently Asked Questions
MINO and PDI have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDI has higher volatility (3.04%) compared to MINO (0.90%). In terms of maximum drawdown, MINO dropped -15.24% vs PDI's -46.47%.
MINO currently has the higher Sharpe Ratio (2.33 vs -0.30), 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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