MINO vs. PZT
Compare and contrast key facts about PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and Invesco New York AMT-Free Municipal Bond ETF (PZT).
MINO and PZT 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. PZT is a passively managed fund by Invesco that tracks the performance of the ICE BofA New York Long-Term Core Plus Muni. It was launched on Oct 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MINO or PZT.
Key characteristics
| MINO | PZT | |
|---|---|---|
| YTD Return | 3.25% | 1.83% |
| 1Y Return | 9.24% | 9.50% |
| 3Y Return (Ann) | 0.28% | -1.28% |
| Sharpe Ratio | 2.22 | 1.47 |
| Sortino Ratio | 3.18 | 2.21 |
| Omega Ratio | 1.45 | 1.28 |
| Calmar Ratio | 1.13 | 0.72 |
| Martin Ratio | 14.39 | 7.38 |
| Ulcer Index | 0.64% | 1.32% |
| Daily Std Dev | 4.16% | 6.60% |
| Max Drawdown | -15.24% | -22.73% |
| Current Drawdown | -1.15% | -5.22% |
Correlation
The correlation between MINO and PZT is 0.70, 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. PZT - Performance Comparison
In the year-to-date period, MINO achieves a 3.25% return, which is significantly higher than PZT's 1.83% 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. PZT - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is higher than PZT's 0.28% expense ratio.
Risk-Adjusted Performance
MINO vs. PZT - 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 Invesco New York AMT-Free Municipal Bond ETF (PZT). 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. PZT - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.93%, more than PZT's 2.96% 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% |
PZT Invesco New York AMT-Free Municipal Bond ETF | 2.96% | 2.82% | 2.66% | 2.77% | 2.55% | 2.73% | 3.01% | 2.94% | 3.37% | 3.40% | 3.75% | 4.17% |
Drawdowns
MINO vs. PZT - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, smaller than the maximum PZT drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for MINO and PZT. For additional features, visit the drawdowns tool.
Volatility
MINO vs. PZT - Volatility Comparison
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and Invesco New York AMT-Free Municipal Bond ETF (PZT) have volatilities of 2.03% and 2.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.