MINO vs. SCMB
Compare and contrast key facts about PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and Schwab Municipal Bond ETF (SCMB).
MINO and SCMB 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. SCMB is a passively managed fund by Schwab that tracks the performance of the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. It was launched on Oct 11, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MINO or SCMB.
Correlation
The correlation between MINO and SCMB is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MINO vs. SCMB - Performance Comparison
Key characteristics
MINO:
0.29
SCMB:
0.37
MINO:
0.40
SCMB:
0.51
MINO:
1.06
SCMB:
1.08
MINO:
0.34
SCMB:
0.39
MINO:
1.19
SCMB:
1.33
MINO:
1.33%
SCMB:
1.37%
MINO:
5.53%
SCMB:
4.89%
MINO:
-15.24%
SCMB:
-5.11%
MINO:
-3.11%
SCMB:
-2.96%
Returns By Period
In the year-to-date period, MINO achieves a -1.17% return, which is significantly higher than SCMB's -1.39% return.
MINO
-1.17%
-0.65%
-1.02%
1.81%
N/A
N/A
SCMB
-1.39%
-0.52%
-1.06%
2.17%
N/A
N/A
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MINO vs. SCMB - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is higher than SCMB's 0.03% expense ratio.
Risk-Adjusted Performance
MINO vs. SCMB — Risk-Adjusted Performance Rank
MINO
SCMB
MINO vs. SCMB - 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 Schwab Municipal Bond ETF (SCMB). 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. SCMB - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.88%, more than SCMB's 3.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 3.88% | 3.91% | 3.78% | 2.87% | 0.29% |
SCMB Schwab Municipal Bond ETF | 3.42% | 3.34% | 3.10% | 0.59% | 0.00% |
Drawdowns
MINO vs. SCMB - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, which is greater than SCMB's maximum drawdown of -5.11%. Use the drawdown chart below to compare losses from any high point for MINO and SCMB. For additional features, visit the drawdowns tool.
Volatility
MINO vs. SCMB - Volatility Comparison
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) has a higher volatility of 3.89% compared to Schwab Municipal Bond ETF (SCMB) at 3.14%. This indicates that MINO's price experiences larger fluctuations and is considered to be riskier than SCMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.