MINT vs. TLT
Compare and contrast key facts about PIMCO Enhanced Short Maturity Strategy Fund (MINT) and iShares 20+ Year Treasury Bond ETF (TLT).
MINT and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MINT is an actively managed fund by PIMCO. It was launched on Nov 16, 2009. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MINT or TLT.
Key characteristics
| MINT | TLT | |
|---|---|---|
| YTD Return | 2.34% | -6.89% |
| 1Y Return | 6.47% | -8.60% |
| 3Y Return (Ann) | 2.45% | -10.46% |
| 5Y Return (Ann) | 2.16% | -4.11% |
| 10Y Return (Ann) | 1.86% | 0.21% |
| Sharpe Ratio | 17.79 | -0.58 |
| Daily Std Dev | 0.37% | 16.60% |
| Max Drawdown | -4.62% | -48.35% |
| Current Drawdown | 0.00% | -41.98% |
Correlation
The correlation between MINT and TLT is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MINT vs. TLT - Performance Comparison
In the year-to-date period, MINT achieves a 2.34% return, which is significantly higher than TLT's -6.89% return. Over the past 10 years, MINT has outperformed TLT with an annualized return of 1.86%, while TLT has yielded a comparatively lower 0.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MINT vs. TLT - Expense Ratio Comparison
MINT has a 0.36% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
MINT vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Strategy Fund (MINT) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Dividends
MINT vs. TLT - Dividend Comparison
MINT's dividend yield for the trailing twelve months is around 5.21%, more than TLT's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINT PIMCO Enhanced Short Maturity Strategy Fund | 5.21% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% | 0.80% | 0.88% |
TLT iShares 20+ Year Treasury Bond ETF | 3.86% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
MINT vs. TLT - Drawdown Comparison
The maximum MINT drawdown since its inception was -4.62%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for MINT and TLT. For additional features, visit the drawdowns tool.
Volatility
MINT vs. TLT - Volatility Comparison
The current volatility for PIMCO Enhanced Short Maturity Strategy Fund (MINT) is 0.07%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.91%. This indicates that MINT experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.