MINT vs. TFLO
MINT (PIMCO Enhanced Short Maturity Active ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both exchange-traded funds - MINT is a Ultrashort Bond fund actively managed by PIMCO, while TFLO is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. MINT is actively managed, while TFLO is passively managed. Over the past 10 years, MINT returned 2.71%/yr vs 2.36%/yr for TFLO. At a 0.12 correlation, their price movements are largely independent. MINT charges 0.36%/yr vs 0.15%/yr for TFLO.
Performance
MINT vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, MINT achieves a 1.84% return, which is significantly higher than TFLO's 1.59% return. Over the past 10 years, MINT has outperformed TFLO with an annualized return of 2.71%, while TFLO has yielded a comparatively lower 2.36% annualized return.
MINT
- 1D
- 0.03%
- 1M
- 0.37%
- YTD
- 1.84%
- 6M
- 2.22%
- 1Y
- 4.68%
- 3Y*
- 5.41%
- 5Y*
- 3.48%
- 10Y*
- 2.71%
TFLO
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.59%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.74%
- 5Y*
- 3.63%
- 10Y*
- 2.36%
MINT vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINT PIMCO Enhanced Short Maturity Active ETF | 1.84% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.59% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 2.04% | 1.76% | 1.01% |
Correlation
The correlation between MINT and TFLO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | 0.12 |
The correlation between MINT and TFLO shifts across timeframes, from 0.12 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MINT vs. TFLO — Risk / Return Rank
MINT
TFLO
MINT vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ETF (MINT) and iShares Treasury Floating Rate Bond ETF (TFLO). 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 | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.03 | ||
| Sortino ratioReturn per unit of downside risk | +14.82 | ||
| Omega ratioGain probability vs. loss probability | 20.57 | 13.94 | +6.63 |
| Calmar ratioReturn relative to maximum drawdown | 94.51 | 201.22 | -106.71 |
| Martin ratioReturn relative to average drawdown | 941.34 | 823.26 | +118.08 |
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 | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 17.12 | 14.09 | +3.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.00 | 10.30 | -4.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.88 | 5.20 | -2.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.47 | 0.99 | +1.48 |
Drawdowns
MINT vs. TFLO - Drawdown Comparison
The maximum MINT drawdown since its inception was -4.62%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for MINT and TFLO.
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Drawdown Indicators
| MINT | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.62% | -5.01% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -0.02% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -0.16% | -0.04% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -2.42% | -0.13% | -2.29% |
Max Drawdown (10Y)Largest decline over 10 years | -4.62% | -0.16% | -4.46% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -0.10% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.00% | 0.00% |
Volatility
MINT vs. TFLO - Volatility Comparison
PIMCO Enhanced Short Maturity Active ETF (MINT) has a higher volatility of 0.09% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that MINT's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINT | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 0.07% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 0.20% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 0.28% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 0.35% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 0.46% | +0.49% |
MINT vs. TFLO - Expense Ratio Comparison
MINT has a 0.36% expense ratio, which is higher than TFLO's 0.15% expense ratio.
Dividends
MINT vs. TFLO - Dividend Comparison
MINT's dividend yield for the trailing twelve months is around 4.28%, more than TFLO's 3.90% 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% |
TFLO iShares Treasury Floating Rate Bond ETF | 3.90% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Frequently Asked Questions
MINT and TFLO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MINT has higher volatility (0.09%) compared to TFLO (0.07%). In terms of maximum drawdown, MINT dropped -4.62% vs TFLO's -5.01%.
On 10-year performance, MINT leads with 2.71% vs 2.36% for TFLO. On fees, TFLO is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MINT has performed better with a 2.71% return vs 2.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TFLO is cheaper with a 0.15% expense ratio, compared with 0.36% for MINT.
MINT has the higher dividend yield at 4.28%, compared with 3.90% for TFLO.
MINT is categorized as Ultrashort Bond, while TFLO is Government Bonds. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.36% for MINT and 0.15% for TFLO.
MINT currently has the higher Sharpe Ratio (17.12 vs 14.09), 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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