MINO vs. TAXS
MINO (PIMCO Municipal Income Opportunities Active Exchange-Traded Fund) and TAXS (Northern Trust Short-Term Tax-Exempt Bond ETF) are both Municipal Bonds funds. MINO is actively managed, while TAXS is passively managed. Their 0.61 correlation means they have sometimes moved together and sometimes differently. MINO charges 0.39%/yr vs 0.05%/yr for TAXS.
Performance
MINO vs. TAXS - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with MINO having a 0.87% return and TAXS slightly lower at 0.84%.
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%
TAXS
- 1D
- 0.00%
- 1M
- -0.36%
- 6M
- 0.30%
- YTD
- 0.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.84M | $4.61M | $4.86M | |
| $619.80K | $883.25K | $948.95K |
MINO vs. TAXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 0.87% | 4.65% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 0.84% | 1.22% |
Correlation
The correlation between MINO and TAXS is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025 | 0.61 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MINO vs. TAXS — Risk / Return Rank
MINO
TAXS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MINO vs. TAXS - 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 Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS). 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 | TAXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | — | — |
| Martin ratioReturn relative to average drawdown | 9.12 | — | — |
Loading charts...
Drawdowns
MINO vs. TAXS - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, which is greater than TAXS's maximum drawdown of -0.84%. Use the drawdown chart below to compare losses from any high point for MINO and TAXS.
Loading charts...
Drawdown Indicators
| MINO | TAXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -0.84% | -14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.71% | — | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.39% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -0.22% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | — | — |
Volatility
MINO vs. TAXS - Volatility Comparison
Loading charts...
Volatility by Period
| MINO | TAXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 1.03% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 1.03% | +3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 1.03% | +3.46% |
MINO vs. TAXS - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is higher than TAXS's 0.05% expense ratio.
Dividends
MINO vs. TAXS - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.95%, more than TAXS's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 3.64% | 3.71% | 3.91% | 3.78% | 2.87% | 0.29% |
TAXS Northern Trust Short-Term Tax-Exempt Bond ETF | 2.04% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MINO and TAXS have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAXS is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAXS is cheaper with a 0.05% expense ratio, compared with 0.39% for MINO.
MINO has the higher dividend yield at 3.64%, compared with 2.04% for TAXS.
They also come from different issuers: PIMCO and Northern Trust. Their fees differ too: 0.39% for MINO and 0.05% for TAXS.
Find the right allocation for MINO and TAXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer