MINT vs. SPTU

Last updated Jun 4, 2026

MINT (PIMCO Enhanced Short Maturity Active ETF) and SPTU (State Street SPDR Portfolio Ultra Short T-Bill ETF) are both Ultrashort Bond funds. MINT is actively managed, while SPTU is passively managed. At a 0.12 correlation, their price movements are largely independent. MINT charges 0.36%/yr vs 0.05%/yr for SPTU.

Performance

MINT vs. SPTU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Enhanced Short Maturity Active ETF (MINT) and State Street SPDR Portfolio Ultra Short T-Bill ETF (SPTU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MINT achieves a 1.81% return, which is significantly higher than SPTU's 1.48% 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%

SPTU

• 1D: 0.00%
• 1M: 0.31%
• YTD: 1.48%
• 6M: 1.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MINT vs. SPTU - Yearly Performance Comparison

	2026 (YTD)	2025
MINT PIMCO Enhanced Short Maturity Active ETF	1.81%	1.04%
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF	1.48%	0.92%

Correlation

The correlation between MINT and SPTU is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.12

Return for Risk

MINT vs. SPTU — 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

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. SPTU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ETF (MINT) and State Street SPDR Portfolio Ultra Short T-Bill ETF (SPTU). 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	SPTU	Difference
Sharpe ratio: Return per unit of total volatility	17.09	—	—
Sortino ratio: Return per unit of downside risk	65.54	—	—
Omega ratio: Gain probability vs. loss probability	20.53	—	—
Calmar ratio: Return relative to maximum drawdown	94.30	—	—
Martin ratio: Return relative to average drawdown	939.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MINT	SPTU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	17.09	—	—
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	11.82	-9.36

Drawdowns

MINT vs. SPTU - Drawdown Comparison

The maximum MINT drawdown since its inception was -4.62%, which is greater than SPTU's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for MINT and SPTU.

Drawdown Indicators

	MINT	SPTU	Difference
Max Drawdown Largest peak-to-trough decline	-4.62%	-0.04%	-4.58%
Max Drawdown (1Y) Largest decline over 1 year	-0.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-2.42%	—	—
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%	—	—

Volatility

Volatility by Period

	MINT	SPTU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.27%	0.32%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	0.32%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.95%	0.32%	+0.63%

MINT vs. SPTU - Expense Ratio Comparison

MINT has a 0.36% expense ratio, which is higher than SPTU's 0.05% expense ratio.

Dividends

MINT vs. SPTU - Dividend Comparison

MINT's dividend yield for the trailing twelve months is around 4.28%, more than SPTU's 2.36% 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%
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF	2.36%	0.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MINT and SPTU in my portfolio?

MINT and SPTU have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MINT or SPTU?

On fees, SPTU is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MINT or SPTU?

SPTU is cheaper with a 0.05% expense ratio, compared with 0.36% for MINT.

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

MINT has the higher dividend yield at 4.28%, compared with 2.36% for SPTU.

What is the main difference between MINT and SPTU?

They also come from different issuers: PIMCO and State Street. Their fees differ too: 0.36% for MINT and 0.05% for SPTU.