MINT vs. BSMW
MINT (PIMCO Enhanced Short Maturity Active ETF) and BSMW (Invesco BulletShares 2032 Municipal Bond ETF) are both exchange-traded funds - MINT is a Ultrashort Bond fund actively managed by PIMCO, while BSMW is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2032 Index. MINT is actively managed, while BSMW is passively managed. Over the past 3 years, MINT returned 5.41%/yr vs 3.20%/yr for BSMW. At a 0.00 correlation, their price movements are largely independent. MINT charges 0.36%/yr vs 0.18%/yr for BSMW.
Performance
MINT vs. BSMW - Performance Comparison
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Returns By Period
In the year-to-date period, MINT achieves a 1.81% return, which is significantly higher than BSMW's 1.30% return.
MINT
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 1.81%
- 6M
- 2.20%
- 1Y
- 4.67%
- 3Y*
- 5.41%
- 5Y*
- 3.47%
- 10Y*
- 2.70%
BSMW
- 1D
- 0.11%
- 1M
- 0.55%
- YTD
- 1.30%
- 6M
- 1.59%
- 1Y
- 6.93%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
MINT vs. BSMW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MINT PIMCO Enhanced Short Maturity Active ETF | 1.81% | 4.74% | 5.94% | 5.06% |
BSMW Invesco BulletShares 2032 Municipal Bond ETF | 1.30% | 3.42% | -0.35% | 7.00% |
Correlation
The correlation between MINT and BSMW is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2023 | 0.00 |
The correlation between MINT and BSMW shifts across timeframes, from -0.11 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MINT vs. BSMW — Risk / Return Rank
MINT
BSMW
MINT vs. BSMW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ETF (MINT) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW). 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.
| MINT | BSMW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +14.62 | ||
| Sortino ratioReturn per unit of downside risk | +61.98 | ||
| Omega ratioGain probability vs. loss probability | 20.53 | 1.50 | +19.03 |
| Calmar ratioReturn relative to maximum drawdown | 94.30 | 2.39 | +91.91 |
| Martin ratioReturn relative to average drawdown | 939.26 | 7.53 | +931.72 |
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
| MINT | BSMW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 17.09 | 2.48 | +14.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.99 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.47 | 0.69 | +1.77 |
Drawdowns
MINT vs. BSMW - Drawdown Comparison
The maximum MINT drawdown since its inception was -4.62%, smaller than the maximum BSMW drawdown of -7.57%. Use the drawdown chart below to compare losses from any high point for MINT and BSMW.
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Drawdown Indicators
| MINT | BSMW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.62% | -7.57% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -2.92% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -0.16% | -7.34% | +7.18% |
Max Drawdown (5Y)Largest decline over 5 years | -2.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -4.62% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.98% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -1.72% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.92% | -0.92% |
Volatility
MINT vs. BSMW - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Active ETF (MINT) is 0.09%, while Invesco BulletShares 2032 Municipal Bond ETF (BSMW) has a volatility of 0.93%. This indicates that MINT experiences smaller price fluctuations and is considered to be less risky than BSMW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINT | BSMW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 0.93% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 1.98% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 2.82% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 5.00% | -4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 5.00% | -4.05% |
MINT vs. BSMW - Expense Ratio Comparison
MINT has a 0.36% expense ratio, which is higher than BSMW's 0.18% expense ratio.
Dividends
MINT vs. BSMW - Dividend Comparison
MINT's dividend yield for the trailing twelve months is around 4.28%, more than BSMW's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMW Invesco BulletShares 2032 Municipal Bond ETF | 3.20% | 3.24% | 3.48% | 2.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MINT PIMCO Enhanced Short Maturity Active ETF | 4.28% | 4.63% | 5.22% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% |
Frequently Asked Questions
MINT and BSMW have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSMW has higher volatility (0.93%) compared to MINT (0.09%). In terms of maximum drawdown, MINT dropped -4.62% vs BSMW's -7.57%.
On 3-year performance, MINT leads with 5.41% vs 3.20% for BSMW. On fees, BSMW is cheaper at 0.18% per year. On volatility, MINT has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MINT has performed better with a 5.41% return vs 3.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMW is cheaper with a 0.18% expense ratio, compared with 0.36% for MINT.
MINT has the higher dividend yield at 4.28%, compared with 3.20% for BSMW.
MINT is categorized as Ultrashort Bond, while BSMW is Municipal Bonds. They also come from different issuers: PIMCO and Invesco. Their fees differ too: 0.36% for MINT and 0.18% for BSMW.
MINT currently has the higher Sharpe Ratio (17.09 vs 2.48), 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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