MINT vs. SAP
MINT (PIMCO Enhanced Short Maturity Active ETF) is Ultrashort Bond fund actively managed by PIMCO, while SAP (SAP SE) is a stock. Over the past 10 years, MINT returned 2.74%/yr vs 9.41%/yr for SAP. Their 0.03 correlation means their historical movements had little consistent relationship.
Performance
MINT vs. SAP - Performance Comparison
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Returns By Period
In the year-to-date period, MINT achieves a 2.47% return, which is significantly higher than SAP's -23.09% return. Over the past 10 years, MINT has underperformed SAP with an annualized return of 2.74%, while SAP has yielded a comparatively higher 9.41% annualized return.
MINT
- 1D
- 0.01%
- 1M
- 0.25%
- 6M
- 2.09%
- YTD
- 2.47%
- 1Y
- 4.45%
- 3Y*
- 5.24%
- 5Y*
- 3.60%
- 10Y*
- 2.74%
- ALL TIME*
- 2.09%
SAP
- 1D
- 1.51%
- 1M
- 12.93%
- 6M
- -7.08%
- YTD
- -23.09%
- 1Y
- -33.99%
- 3Y*
- 11.84%
- 5Y*
- 6.67%
- 10Y*
- 9.41%
- ALL TIME*
- 5.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $141.60M | $159.28M | $155.81M | |
SAP SAP SE | $713.62M | $558.71M | $550.62M |
MINT vs. SAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINT PIMCO Enhanced Short Maturity Active ETF | 2.47% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
SAP SAP SE | -23.09% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
Correlation
The correlation between MINT and SAP is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.03 |
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Return for Risk
MINT vs. SAP — Risk / Return Rank
MINT
SAP
MINT vs. SAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ETF (MINT) and SAP SE (SAP). 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 | SAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.85 | ||
| Sortino ratioReturn per unit of downside risk | +52.89 | ||
| Omega ratioGain probability vs. loss probability | 14.85 | 0.84 | +14.01 |
| Calmar ratioReturn relative to maximum drawdown | 90.98 | -0.70 | +91.69 |
| Martin ratioReturn relative to average drawdown | 703.66 | -1.16 | +704.82 |
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Drawdowns
MINT vs. SAP - Drawdown Comparison
The maximum MINT drawdown since its inception was -4.62%, smaller than the maximum SAP drawdown of -87.91%. Use the drawdown chart below to compare losses from any high point for MINT and SAP.
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Drawdown Indicators
| MINT | SAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.62% | -87.91% | +83.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -49.60% | +49.55% |
Max Drawdown (3Y)Largest decline over 3 years | -0.16% | -52.26% | +52.10% |
Max Drawdown (5Y)Largest decline over 5 years | -2.42% | -52.26% | +49.84% |
Max Drawdown (10Y)Largest decline over 10 years | -4.62% | -52.26% | +47.64% |
Current DrawdownCurrent decline from peak | 0.00% | -40.11% | +40.11% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -28.33% | +28.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 30.00% | -29.99% |
Volatility
MINT vs. SAP - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Active ETF (MINT) is 0.10%, while SAP SE (SAP) has a volatility of 15.58%. This indicates that MINT experiences smaller price fluctuations and is considered to be less risky than SAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINT | SAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 15.58% | -15.48% |
Volatility (6M)Calculated over the trailing 6-month period | 0.22% | 30.42% | -30.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.28% | 37.92% | -37.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 29.70% | -29.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.94% | 28.68% | -27.74% |
Dividends
MINT vs. SAP - Dividend Comparison
MINT's dividend yield for the trailing twelve months is around 4.22%, more than SAP's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINT PIMCO Enhanced Short Maturity Active ETF | 3.84% | 4.63% | 5.22% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% |
SAP SAP SE | 1.60% | 1.05% | 0.97% | 1.41% | 2.05% | 1.56% | 1.31% | 1.27% | 1.73% | 0.87% | 1.08% | 1.11% |
Frequently Asked Questions
MINT and SAP have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAP has higher volatility (15.58%) compared to MINT (0.10%). In terms of maximum drawdown, MINT dropped -4.62% vs SAP's -87.91%.
MINT currently has the higher Sharpe Ratio (15.93 vs -0.92), 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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