MINT.L vs. UQLT.L
MINT.L (PIMCO US Dollar Short Maturity UCITS ETF USD (Dist)) and UQLT.L (UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - MINT.L is a Ultrashort Bond fund actively managed by PIMCO, while UQLT.L is a Large Cap Blend Equities fund tracking the MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index. MINT.L is actively managed, while UQLT.L is passively managed. Over the past 10 years, MINT.L returned 2.65%/yr vs 14.71%/yr for UQLT.L. At a 0.02 correlation, their price movements are largely independent. MINT.L charges 0.35%/yr vs 0.28%/yr for UQLT.L.
Performance
MINT.L vs. UQLT.L - Performance Comparison
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Different Trading Currencies
MINT.L is traded in USD, while UQLT.L is traded in GBp. To make them comparable, the UQLT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MINT.L achieves a 2.40% return, which is significantly lower than UQLT.L's 11.27% return. Over the past 10 years, MINT.L has underperformed UQLT.L with an annualized return of 2.65%, while UQLT.L has yielded a comparatively higher 14.71% annualized return.
MINT.L
- 1D
- 0.06%
- 1M
- 0.40%
- 6M
- 2.15%
- YTD
- 2.40%
- 1Y
- 4.54%
- 3Y*
- 5.23%
- 5Y*
- 3.49%
- 10Y*
- 2.65%
UQLT.L
- 1D
- 0.00%
- 1M
- 1.83%
- 6M
- 10.00%
- YTD
- 11.27%
- 1Y
- 26.53%
- 3Y*
- 20.39%
- 5Y*
- 10.94%
- 10Y*
- 14.71%
MINT.L vs. UQLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINT.L PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) | 2.40% | 4.66% | 5.75% | 5.72% | -0.67% | -0.09% | 1.30% | 3.28% | 1.65% | 1.86% |
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 11.27% | 26.51% | 18.57% | 40.82% | -33.28% | 26.53% | 22.67% | 39.92% | -11.41% | 35.24% |
Correlation
The correlation between MINT.L and UQLT.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2016 | 0.02 |
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Return for Risk
MINT.L vs. UQLT.L — Risk / Return Rank
MINT.L
UQLT.L
MINT.L vs. UQLT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) (MINT.L) and UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L). 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.
| MINT.L | UQLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.28 | ||
| Sortino ratioReturn per unit of downside risk | +14.54 | ||
| Omega ratioGain probability vs. loss probability | 3.58 | 1.28 | +2.30 |
| Calmar ratioReturn relative to maximum drawdown | 45.45 | 1.67 | +43.78 |
| Martin ratioReturn relative to average drawdown | 232.80 | 6.41 | +226.38 |
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Drawdowns
MINT.L vs. UQLT.L - Drawdown Comparison
The maximum MINT.L drawdown since its inception was -3.89%, smaller than the maximum UQLT.L drawdown of -44.58%. Use the drawdown chart below to compare losses from any high point for MINT.L and UQLT.L.
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Drawdown Indicators
| MINT.L | UQLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.89% | -44.58% | +40.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -15.82% | +15.72% |
Max Drawdown (3Y)Largest decline over 3 years | -0.62% | -22.17% | +21.55% |
Max Drawdown (5Y)Largest decline over 5 years | -2.47% | -44.58% | +42.11% |
Max Drawdown (10Y)Largest decline over 10 years | -3.89% | -44.58% | +40.69% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -8.42% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 4.13% | -4.11% |
Volatility
MINT.L vs. UQLT.L - Volatility Comparison
The current volatility for PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) (MINT.L) is 0.14%, while UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) has a volatility of 4.51%. This indicates that MINT.L experiences smaller price fluctuations and is considered to be less risky than UQLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINT.L | UQLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 4.51% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 13.25% | -12.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.58% | 16.70% | -16.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.76% | 21.96% | -21.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 21.36% | -20.41% |
MINT.L vs. UQLT.L - Expense Ratio Comparison
MINT.L has a 0.35% expense ratio, which is higher than UQLT.L's 0.28% expense ratio.
Dividends
MINT.L vs. UQLT.L - Dividend Comparison
MINT.L's dividend yield for the trailing twelve months is around 4.36%, more than UQLT.L's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINT.L PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) | 4.36% | 4.43% | 5.18% | 4.81% | 1.51% | 0.34% | 1.17% | 2.63% | 2.33% | 1.56% | 1.31% | 0.79% |
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 0.21% | 0.54% | 0.30% | 0.78% | 0.81% | 0.70% | 0.86% | 0.93% | 1.24% | 1.04% | 0.65% | 0.00% |
Frequently Asked Questions
MINT.L and UQLT.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UQLT.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UQLT.L is cheaper with a 0.28% expense ratio, compared with 0.35% for MINT.L.
MINT.L is categorized as Ultrashort Bond, while UQLT.L is Large Cap Blend Equities. They also come from different issuers: PIMCO and UBS. Their fees differ too: 0.35% for MINT.L and 0.28% for UQLT.L.
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