MINT vs. TUSB

Last updated Aug 2, 2026

MINT (PIMCO Enhanced Short Maturity Active ETF) and TUSB (Thrivent Ultra Short Bond ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past year, MINT returned 4.45% vs 4.55% for TUSB. Their 0.09 correlation means their historical movements had little consistent relationship. MINT charges 0.36%/yr vs 0.20%/yr for TUSB.

Performance

MINT vs. TUSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Enhanced Short Maturity Active ETF (MINT) and Thrivent Ultra Short Bond ETF (TUSB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MINT having a 2.47% return and TUSB slightly higher at 2.58%.

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%

TUSB

• 1D: 0.06%
• 1M: 0.47%
• 6M: 2.07%
• YTD: 2.58%
• 1Y: 4.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MINT PIMCO Enhanced Short Maturity Active ETF	$141.60M	$159.28M	$155.81M
TUSB Thrivent Ultra Short Bond ETF	$669.76K	$810.48K	$941.31K

MINT vs. TUSB - Yearly Performance Comparison

	2026 (YTD)	2025
MINT PIMCO Enhanced Short Maturity Active ETF	2.47%	4.08%
TUSB Thrivent Ultra Short Bond ETF	2.58%	4.25%

Correlation

The correlation between MINT and TUSB is -0.01, 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.	-0.01
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.09

Return for Risk

MINT vs. TUSB — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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

TUSB

TUSB Risk / Return Rank: 99
TUSB Sharpe Ratio Rank: 98
TUSB Sortino Ratio Rank: 99
TUSB Omega Ratio Rank: 98
TUSB Calmar Ratio Rank: 99
TUSB Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MINT vs. TUSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ETF (MINT) and Thrivent Ultra Short Bond ETF (TUSB). 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	TUSB	Difference
Sharpe ratio: Return per unit of total volatility	15.93	4.80	+11.12
Sortino ratio: Return per unit of downside risk	51.65	8.41	+43.24
Omega ratio: Gain probability vs. loss probability	14.85	2.15	+12.70
Calmar ratio: Return relative to maximum drawdown	90.98	18.79	+72.19
Martin ratio: Return relative to average drawdown	703.66	74.19	+629.47

MINT vs. TUSB - Sharpe Ratio Comparison

The current MINT Sharpe Ratio is 15.93, which is higher than the TUSB Sharpe Ratio of 4.80. The chart below compares the historical Sharpe Ratios of MINT and TUSB, 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. TUSB - Drawdown Comparison

The maximum MINT drawdown since its inception was -4.62%, which is greater than TUSB's maximum drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for MINT and TUSB.

Drawdown Indicators

	MINT	TUSB	Difference
Max Drawdown Largest peak-to-trough decline	-4.62%	-0.51%	-4.11%
Max Drawdown (1Y) Largest decline over 1 year	-0.05%	-0.25%	+0.20%
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%	-0.06%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.06%	-0.05%

Volatility

MINT vs. TUSB - Volatility Comparison

The current volatility for PIMCO Enhanced Short Maturity Active ETF (MINT) is 0.10%, while Thrivent Ultra Short Bond ETF (TUSB) has a volatility of 0.26%. This indicates that MINT experiences smaller price fluctuations and is considered to be less risky than TUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MINT	TUSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	0.26%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	0.22%	0.72%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	0.28%	0.97%	-0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	1.23%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.94%	1.23%	-0.29%

MINT vs. TUSB - Expense Ratio Comparison

MINT has a 0.36% expense ratio, which is higher than TUSB's 0.20% expense ratio.

Dividends

MINT vs. TUSB - Dividend Comparison

MINT's dividend yield for the trailing twelve months is around 4.22%, which matches TUSB's 4.26% 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%
TUSB Thrivent Ultra Short Bond ETF	4.26%	3.62%	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 TUSB in my portfolio?

MINT and TUSB have a correlation of -0.01, 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 TUSB?

TUSB has higher volatility (0.26%) compared to MINT (0.10%). In terms of maximum drawdown, MINT dropped -4.62% vs TUSB's -0.51%.

Which ETF is better, MINT or TUSB?

On 1-year performance, TUSB leads with 4.55% vs 4.45% for MINT. On fees, TUSB is cheaper at 0.20% per year. On volatility, MINT has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MINT or TUSB?

Over the 1-year period, TUSB has performed better with a 4.55% return vs 4.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MINT or TUSB?

TUSB is cheaper with a 0.20% expense ratio, compared with 0.36% for MINT.

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

TUSB has the higher dividend yield at 4.26%, compared with 3.84% for MINT.

What is the main difference between MINT and TUSB?

They also come from different issuers: PIMCO and Thrivent. Their fees differ too: 0.36% for MINT and 0.20% for TUSB.

Which has better risk-adjusted returns?

MINT currently has the higher Sharpe Ratio (15.93 vs 4.80), 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.