MINO vs. ZROZ
Compare and contrast key facts about PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) and PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ).
MINO and ZROZ 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. ZROZ is a passively managed fund by PIMCO that tracks the performance of the BofA Merrill Lynch Long Treasury Principal STRIPS Index. It was launched on Oct 30, 2009.
Performance
MINO vs. ZROZ - Performance Comparison
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MINO vs. ZROZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 0.32% | 4.42% | 3.13% | 8.46% | -10.43% | 0.28% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | -0.37% | -1.84% | -16.18% | 1.19% | -41.28% | 0.41% |
Returns By Period
In the year-to-date period, MINO achieves a 0.32% return, which is significantly higher than ZROZ's -0.37% return.
MINO
- 1D
- 0.24%
- 1M
- -1.83%
- YTD
- 0.32%
- 6M
- 1.66%
- 1Y
- 4.93%
- 3Y*
- 4.49%
- 5Y*
- —
- 10Y*
- —
ZROZ
- 1D
- -0.61%
- 1M
- -6.35%
- YTD
- -0.37%
- 6M
- -3.49%
- 1Y
- -6.32%
- 3Y*
- -8.90%
- 5Y*
- -11.00%
- 10Y*
- -3.82%
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MINO vs. ZROZ - Expense Ratio Comparison
MINO has a 0.39% expense ratio, which is higher than ZROZ's 0.15% expense ratio.
Return for Risk
MINO vs. ZROZ — Risk / Return Rank
MINO
ZROZ
MINO vs. ZROZ - 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 25+ Year Zero Coupon US Treasury Index Fund (ZROZ). 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 | ZROZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | -0.33 | +1.39 |
Sortino ratioReturn per unit of downside risk | 1.36 | -0.34 | +1.70 |
Omega ratioGain probability vs. loss probability | 1.26 | 0.96 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.30 | +1.63 |
Martin ratioReturn relative to average drawdown | 3.75 | -0.53 | +4.28 |
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 | ZROZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | -0.33 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.09 | +0.15 |
Correlation
The correlation between MINO and ZROZ is 0.60, 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.
Dividends
MINO vs. ZROZ - Dividend Comparison
MINO's dividend yield for the trailing twelve months is around 3.81%, less than ZROZ's 4.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINO PIMCO Municipal Income Opportunities Active Exchange-Traded Fund | 3.81% | 3.71% | 3.91% | 3.78% | 2.87% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZROZ PIMCO 25+ Year Zero Coupon US Treasury Index Fund | 4.98% | 4.96% | 4.58% | 3.52% | 2.76% | 1.60% | 1.68% | 2.22% | 2.06% | 2.53% | 3.00% | 2.98% |
Drawdowns
MINO vs. ZROZ - Drawdown Comparison
The maximum MINO drawdown since its inception was -15.24%, smaller than the maximum ZROZ drawdown of -62.93%. Use the drawdown chart below to compare losses from any high point for MINO and ZROZ.
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Drawdown Indicators
| MINO | ZROZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -62.93% | +47.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.83% | -15.63% | +11.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.93% | — |
Current DrawdownCurrent decline from peak | -1.83% | -59.65% | +57.82% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -23.66% | +19.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 8.99% | -7.63% |
Volatility
MINO vs. ZROZ - Volatility Comparison
The current volatility for PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is 1.18%, while PIMCO 25+ Year Zero Coupon US Treasury Index Fund (ZROZ) has a volatility of 5.79%. This indicates that MINO experiences smaller price fluctuations and is considered to be less risky than ZROZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINO | ZROZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 5.79% | -4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 10.85% | -9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 19.16% | -14.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.60% | 23.93% | -19.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 22.09% | -17.49% |