MINT vs. SGOV

Last updated Jun 12, 2026

MINT (PIMCO Enhanced Short Maturity Active ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both Ultrashort Bond funds. MINT is actively managed, while SGOV is passively managed. Over the past 5 years, MINT returned 3.49%/yr vs 3.55%/yr for SGOV. At a 0.34 correlation, their price movements are largely independent. MINT charges 0.36%/yr vs 0.09%/yr for SGOV.

Performance

MINT vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Enhanced Short Maturity Active ETF (MINT) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MINT achieves a 1.90% return, which is significantly higher than SGOV's 1.59% return.

MINT

• 1D: 0.01%
• 1M: 0.35%
• YTD: 1.90%
• 6M: 2.18%
• 1Y: 4.68%
• 3Y*: 5.38%
• 5Y*: 3.49%
• 10Y*: 2.72%

SGOV

• 1D: 0.01%
• 1M: 0.29%
• YTD: 1.59%
• 6M: 1.80%
• 1Y: 3.94%
• 3Y*: 4.70%
• 5Y*: 3.55%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MINT vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MINT PIMCO Enhanced Short Maturity Active ETF	1.90%	4.74%	5.94%	6.26%	-1.01%	-0.03%	1.55%
SGOV iShares 0-3 Month Treasury Bond ETF	1.59%	4.24%	5.27%	5.12%	1.58%	0.04%	0.04%

Correlation

The correlation between MINT and SGOV is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 28, 2020	0.34

Return for Risk

MINT vs. SGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MINT

MINT Risk / Return Rank: 100
MINT Sharpe Ratio Rank: 100
MINT Sortino Ratio Rank: 100
MINT Omega Ratio Rank: 100
MINT Calmar Ratio Rank: 100
MINT Martin Ratio Rank: 100

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MINT vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ETF (MINT) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	17.37	20.22	-2.85
Sortino ratio: Return per unit of downside risk	66.36	274.98	-208.61
Omega ratio: Gain probability vs. loss probability	21.44	195.05	-173.61
Calmar ratio: Return relative to maximum drawdown	94.51	397.15	-302.65
Martin ratio: Return relative to average drawdown	956.64	4,450.29	-3,493.65

MINT vs. SGOV - Sharpe Ratio Comparison

The current MINT Sharpe Ratio is 17.37, which is comparable to the SGOV Sharpe Ratio of 20.22. The chart below compares the historical Sharpe Ratios of MINT and SGOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MINT vs. SGOV - Drawdown Comparison

The maximum MINT drawdown since its inception was -4.62%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for MINT and SGOV.

Drawdown Indicators

	MINT	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-4.62%	-0.03%	-4.59%
Max Drawdown (1Y) Largest decline over 1 year	-0.05%	-0.01%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-0.16%	-0.01%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-2.42%	-0.03%	-2.39%
Max Drawdown (10Y) Largest decline over 10 years	-4.62%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.17%	-0.00%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	0.00%	0.00%

Volatility

MINT vs. SGOV - Volatility Comparison

PIMCO Enhanced Short Maturity Active ETF (MINT) has a higher volatility of 0.09% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that MINT's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MINT	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	0.05%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	0.20%	0.13%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	0.27%	0.20%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	0.24%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.95%	0.24%	+0.71%

MINT vs. SGOV - Expense Ratio Comparison

MINT has a 0.36% expense ratio, which is higher than SGOV's 0.09% expense ratio.

Dividends

MINT vs. SGOV - Dividend Comparison

MINT's dividend yield for the trailing twelve months is around 4.28%, more than SGOV's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SGOV iShares 0-3 Month Treasury Bond ETF	3.85%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MINT and SGOV in my portfolio?

MINT and SGOV have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MINT or SGOV?

MINT has higher volatility (0.09%) compared to SGOV (0.05%). In terms of maximum drawdown, MINT dropped -4.62% vs SGOV's -0.03%.

Which ETF is better, MINT or SGOV?

On 5-year performance, SGOV leads with 3.55% vs 3.49% for MINT. On fees, SGOV is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MINT or SGOV?

Over the 5-year period, SGOV has performed better with a 3.55% return vs 3.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MINT or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.36% for MINT.

Which ETF pays a higher dividend yield, MINT or SGOV?

MINT has the higher dividend yield at 4.28%, compared with 3.85% for SGOV.

What is the main difference between MINT and SGOV?

They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.36% for MINT and 0.09% for SGOV.

Which has better risk-adjusted returns?

SGOV currently has the higher Sharpe Ratio (20.22 vs 17.37), 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.