MINO vs. STPZ
MINO (PIMCO Municipal Income Opportunities Active Exchange-Traded Fund) and STPZ (PIMCO 1-5 Year US TIPS Index ETF) are both exchange-traded funds - MINO is a Municipal Bonds fund actively managed by PIMCO, while STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y). MINO is actively managed, while STPZ is passively managed. Over the past 3 years, MINO returned 4.99%/yr vs 5.03%/yr for STPZ. At a 0.40 correlation, their price movements are largely independent. MINO charges 0.39%/yr vs 0.20%/yr for STPZ.
Performance
MINO vs. STPZ - Performance Comparison
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Returns By Period
In the year-to-date period, MINO achieves a 1.96% return, which is significantly higher than STPZ's 1.79% return.
MINO
- 1D
- -0.08%
- 1M
- 0.58%
- YTD
- 1.96%
- 6M
- 2.19%
- 1Y
- 7.93%
- 3Y*
- 4.99%
- 5Y*
- —
- 10Y*
- —
STPZ
- 1D
- -0.00%
- 1M
- -0.09%
- YTD
- 1.79%
- 6M
- 1.77%
- 1Y
- 4.51%
- 3Y*
- 5.03%
- 5Y*
- 2.90%
- 10Y*
- 2.89%
MINO vs. STPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 1.96% | 4.42% | 3.13% | 8.46% | -10.43% | 0.28% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.79% | 6.40% | 4.30% | 4.28% | -4.49% | 0.83% |
Correlation
The correlation between MINO and STPZ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021 | 0.40 |
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Return for Risk
MINO vs. STPZ — Risk / Return Rank
MINO
STPZ
MINO vs. STPZ - 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 1-5 Year US TIPS Index ETF (STPZ). 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 | STPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.49 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 4.87 | -1.57 |
| Martin ratioReturn relative to average drawdown | 11.84 | 16.28 | -4.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MINO | STPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 2.49 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.90 | -0.59 |
Drawdowns
MINO vs. STPZ - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, which is greater than STPZ's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for MINO and STPZ.
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Drawdown Indicators
| MINO | STPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -6.77% | -8.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -0.93% | -1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -1.35% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.77% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.11% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -1.31% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.28% | +0.39% |
Volatility
MINO vs. STPZ - Volatility Comparison
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) has a higher volatility of 1.04% compared to PIMCO 1-5 Year US TIPS Index ETF (STPZ) at 0.46%. This indicates that MINO's price experiences larger fluctuations and is considered to be riskier than STPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINO | STPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.46% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 1.20% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 1.83% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 3.29% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 2.98% | +1.57% |
MINO vs. STPZ - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is higher than STPZ's 0.20% expense ratio.
Dividends
MINO vs. STPZ - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.89%, less than STPZ's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 3.89% | 3.71% | 3.91% | 3.78% | 2.87% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 4.10% | 3.65% | 1.97% | 1.63% | 5.88% | 3.65% | 1.86% | 1.76% | 2.23% | 1.51% | 0.65% | 0.49% |
Frequently Asked Questions
MINO and STPZ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MINO has higher volatility (1.04%) compared to STPZ (0.46%). In terms of maximum drawdown, MINO dropped -15.24% vs STPZ's -6.77%.
On 3-year performance, STPZ leads with 5.03% vs 4.99% for MINO. On fees, STPZ is cheaper at 0.20% per year. On volatility, STPZ has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, STPZ has performed better with a 5.03% return vs 4.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STPZ is cheaper with a 0.20% expense ratio, compared with 0.39% for MINO.
STPZ has the higher dividend yield at 4.10%, compared with 3.89% for MINO.
MINO is categorized as Municipal Bonds, while STPZ is Inflation-Protected Bonds. Their fees differ too: 0.39% for MINO and 0.20% for STPZ.
MINO currently has the higher Sharpe Ratio (2.92 vs 2.49), 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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