MINT vs. GLD
MINT (PIMCO Enhanced Short Maturity Active ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - MINT is a Ultrashort Bond fund actively managed by PIMCO, while GLD is a Gold fund tracking the LBMA Gold Price PM. MINT is actively managed, while GLD is passively managed. Over the past 10 years, MINT returned 2.72%/yr vs 12.15%/yr for GLD. At a 0.11 correlation, their price movements are largely independent. MINT charges 0.36%/yr vs 0.40%/yr for GLD.
Performance
MINT vs. GLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MINT achieves a 1.94% return, which is significantly higher than GLD's -2.47% return. Over the past 10 years, MINT has underperformed GLD with an annualized return of 2.72%, while GLD has yielded a comparatively higher 12.15% annualized return.
MINT
- 1D
- 0.04%
- 1M
- 0.35%
- YTD
- 1.94%
- 6M
- 2.19%
- 1Y
- 4.67%
- 3Y*
- 5.40%
- 5Y*
- 3.49%
- 10Y*
- 2.72%
GLD
- 1D
- 0.06%
- 1M
- -7.37%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
MINT vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINT PIMCO Enhanced Short Maturity Active ETF | 1.94% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
GLD SPDR Gold Shares | -2.47% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between MINT and GLD is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.11 |
The correlation between MINT and GLD shifts across timeframes, from -0.07 (1 year) to 0.12 (10 years), reflecting how their relationship changes across market environments.
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
MINT vs. GLD — Risk / Return Rank
MINT
GLD
MINT vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ETF (MINT) and SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.63 | ||
| Sortino ratioReturn per unit of downside risk | +65.70 | ||
| Omega ratioGain probability vs. loss probability | 21.62 | 1.18 | +20.44 |
| Calmar ratioReturn relative to maximum drawdown | 95.35 | 0.98 | +94.37 |
| Martin ratioReturn relative to average drawdown | 965.15 | 2.81 | +962.34 |
Loading charts...
Drawdowns
MINT vs. GLD - Drawdown Comparison
The maximum MINT drawdown since its inception was -4.62%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for MINT and GLD.
Loading charts...
Drawdown Indicators
| MINT | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.62% | -45.56% | +40.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -24.46% | +24.41% |
Max Drawdown (3Y)Largest decline over 3 years | -0.16% | -24.46% | +24.30% |
Max Drawdown (5Y)Largest decline over 5 years | -2.42% | -24.46% | +22.04% |
Max Drawdown (10Y)Largest decline over 10 years | -4.62% | -24.46% | +19.84% |
Current DrawdownCurrent decline from peak | 0.00% | -22.05% | +22.05% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -16.16% | +15.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 8.49% | -8.49% |
Volatility
MINT vs. GLD - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Active ETF (MINT) is 0.09%, while SPDR Gold Shares (GLD) has a volatility of 7.79%. This indicates that MINT experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MINT | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 7.79% | -7.70% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 24.10% | -23.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 27.37% | -27.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 18.22% | -17.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 16.08% | -15.13% |
MINT vs. GLD - Expense Ratio Comparison
MINT has a 0.36% expense ratio, which is lower than GLD's 0.40% expense ratio.
Dividends
MINT vs. GLD - Dividend Comparison
MINT's dividend yield for the trailing twelve months is around 4.28%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 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 GLD have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (7.79%) compared to MINT (0.09%). In terms of maximum drawdown, MINT dropped -4.62% vs GLD's -45.56%.
On 10-year performance, GLD leads with 12.15% vs 2.72% 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, GLD has performed better with a 12.15% return vs 2.72%. 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 0.40% for GLD.
MINT has the higher dividend yield at 4.28%, compared with 0.00% for GLD.
MINT is categorized as Ultrashort Bond, while GLD is Gold. They also come from different issuers: PIMCO and State Street. Their fees differ too: 0.36% for MINT and 0.40% for GLD.
MINT currently has the higher Sharpe Ratio (17.51 vs 0.87), 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.
Find the right allocation for MINT and GLD
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