MINT vs. GDX
MINT (PIMCO Enhanced Short Maturity Active ETF) and GDX (VanEck Gold Miners ETF) are both exchange-traded funds - MINT is a Ultrashort Bond fund actively managed by PIMCO, while GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index. MINT is actively managed, while GDX is passively managed. Over the past 10 years, MINT returned 2.71%/yr vs 12.82%/yr for GDX. At a 0.09 correlation, their price movements are largely independent. MINT charges 0.36%/yr vs 0.51%/yr for GDX.
Performance
MINT vs. GDX - Performance Comparison
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Returns By Period
In the year-to-date period, MINT achieves a 1.86% return, which is significantly higher than GDX's -8.28% return. Over the past 10 years, MINT has underperformed GDX with an annualized return of 2.71%, while GDX has yielded a comparatively higher 12.82% annualized return.
MINT
- 1D
- 0.01%
- 1M
- 0.35%
- YTD
- 1.86%
- 6M
- 2.21%
- 1Y
- 4.65%
- 3Y*
- 5.38%
- 5Y*
- 3.48%
- 10Y*
- 2.71%
GDX
- 1D
- -0.22%
- 1M
- -16.83%
- YTD
- -8.28%
- 6M
- 0.10%
- 1Y
- 53.51%
- 3Y*
- 37.89%
- 5Y*
- 17.28%
- 10Y*
- 12.82%
MINT vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINT PIMCO Enhanced Short Maturity Active ETF | 1.86% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
GDX VanEck Gold Miners ETF | -8.28% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Correlation
The correlation between MINT and GDX 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 | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.09 |
The correlation between MINT and GDX shifts across timeframes, from -0.04 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MINT vs. GDX — Risk / Return Rank
MINT
GDX
MINT vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ETF (MINT) and VanEck Gold Miners ETF (GDX). 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 | GDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +15.98 | ||
| Sortino ratioReturn per unit of downside risk | +63.68 | ||
| Omega ratioGain probability vs. loss probability | 20.44 | 1.22 | +19.22 |
| Calmar ratioReturn relative to maximum drawdown | 93.88 | 1.68 | +92.20 |
| Martin ratioReturn relative to average drawdown | 935.03 | 4.32 | +930.71 |
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 | GDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 17.14 | 1.16 | +15.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.01 | 0.47 | +5.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.88 | 0.35 | +2.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.47 | 0.12 | +2.35 |
Drawdowns
MINT vs. GDX - Drawdown Comparison
The maximum MINT drawdown since its inception was -4.62%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for MINT and GDX.
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Drawdown Indicators
| MINT | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.62% | -80.34% | +75.72% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -32.09% | +32.04% |
Max Drawdown (3Y)Largest decline over 3 years | -0.16% | -32.09% | +31.93% |
Max Drawdown (5Y)Largest decline over 5 years | -2.42% | -46.51% | +44.09% |
Max Drawdown (10Y)Largest decline over 10 years | -4.62% | -49.79% | +45.17% |
Current DrawdownCurrent decline from peak | 0.00% | -32.09% | +32.09% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -40.43% | +40.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 12.42% | -12.42% |
Volatility
MINT vs. GDX - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Active ETF (MINT) is 0.09%, while VanEck Gold Miners ETF (GDX) has a volatility of 16.05%. This indicates that MINT experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINT | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 16.05% | -15.96% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 38.61% | -38.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 46.36% | -46.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 36.61% | -36.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 37.27% | -36.32% |
MINT vs. GDX - Expense Ratio Comparison
MINT has a 0.36% expense ratio, which is lower than GDX's 0.51% expense ratio.
Dividends
MINT vs. GDX - Dividend Comparison
MINT's dividend yield for the trailing twelve months is around 4.28%, more than GDX's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDX VanEck Gold Miners ETF | 0.80% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
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 GDX 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.
GDX has higher volatility (16.05%) compared to MINT (0.09%). In terms of maximum drawdown, MINT dropped -4.62% vs GDX's -80.34%.
On 10-year performance, GDX leads with 12.82% vs 2.71% for MINT. On fees, MINT is cheaper at 0.36% 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 10-year period, GDX has performed better with a 12.82% return vs 2.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MINT is cheaper with a 0.36% expense ratio, compared with 0.51% for GDX.
MINT has the higher dividend yield at 4.28%, compared with 0.80% for GDX.
MINT is categorized as Ultrashort Bond, while GDX is Gold. They also come from different issuers: PIMCO and VanEck. Their fees differ too: 0.36% for MINT and 0.51% for GDX.
MINT currently has the higher Sharpe Ratio (17.14 vs 1.16), 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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