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MSAP.L vs. MINT.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MSAP.L vs. MINT.L

Last updated Jul 16, 2026
Documentation

MSAP.L (Invesco MSCI Saudi Arabia ETF) and MINT.L (PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF) are both Global Equities funds - MSAP.L tracks the Invesco MSCI Saudi Arabia ETF while MINT.L tracks the PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF. Both are passively managed. Over the past 5 years, MSAP.L returned 2.40%/yr vs 3.84%/yr for MINT.L. At a 0.25 correlation, their price movements are largely independent.

Performance

MSAP.L vs. MINT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI Saudi Arabia ETF (MSAP.L) and PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MSAP.L is traded in GBp, while MINT.L is traded in USD. To make them comparable, the MINT.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MSAP.L achieves a 3.41% return, which is significantly higher than MINT.L's 1.92% return.

MSAP.L

1D
-0.28%
1M
-3.59%
6M
-2.38%
YTD
3.41%
1Y
1.98%
3Y*
-1.62%
5Y*
2.40%
10Y*
—

MINT.L

1D
0.00%
1M
-0.55%
6M
1.49%
YTD
1.92%
1Y
3.41%
3Y*
4.02%
5Y*
3.84%
10Y*
2.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MSAP.L vs. MINT.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
MSAP.L
Invesco MSCI Saudi Arabia ETF		3.41%-12.17%1.88%3.56%6.09%37.74%-2.87%2.76%-24.41%
MINT.L
PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF		1.92%-2.80%7.60%0.43%11.14%0.85%-1.68%-0.65%5.75%

Correlation

The correlation between MSAP.L and MINT.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2018

0.25

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco MSCI Saudi Arabia ETF

PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF

Return for Risk

MSAP.L vs. MINT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MSAP.L
MSAP.L Risk / Return Rank: 1212
Overall Rank
MSAP.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MSAP.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
MSAP.L Omega Ratio Rank: 1111
Omega Ratio Rank
MSAP.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
MSAP.L Martin Ratio Rank: 1212
Martin Ratio Rank
MINT.L
MINT.L Risk / Return Rank: 9999
Overall Rank
MINT.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
MINT.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
MINT.L Omega Ratio Rank: 9999
Omega Ratio Rank
MINT.L Calmar Ratio Rank: 9999
Calmar Ratio Rank
MINT.L Martin Ratio Rank: 9999
Martin Ratio Rank
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.

MSAP.L vs. MINT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Saudi Arabia ETF (MSAP.L) and PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L). 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.

MSAP.LMINT.LDifference
Sharpe ratioReturn per unit of total volatility
0.19
0.55

-0.36

Sortino ratioReturn per unit of downside risk
0.39
0.82

-0.43

Omega ratioGain probability vs. loss probability

1.04

1.10

-0.05

Calmar ratioReturn relative to maximum drawdown

0.22

0.72

-0.49

Martin ratioReturn relative to average drawdown

0.50

1.97

-1.47

MSAP.L vs. MINT.L - Sharpe Ratio Comparison

The current MSAP.L Sharpe Ratio is 0.19, which is lower than the MINT.L Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of MSAP.L and MINT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MSAP.L vs. MINT.L - Drawdown Comparison

The maximum MSAP.L drawdown since its inception was -46.44%, which is greater than MINT.L's maximum drawdown of -15.69%. Use the drawdown chart below to compare losses from any high point for MSAP.L and MINT.L.

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Drawdown Indicators

MSAP.LMINT.LDifference

Max Drawdown

Largest peak-to-trough decline

-46.44%

-15.69%

-30.75%

Max Drawdown (1Y)

Largest decline over 1 year

-12.24%

-5.03%

-7.21%

Max Drawdown (3Y)

Largest decline over 3 years

-20.20%

-9.68%

-10.52%

Max Drawdown (5Y)

Largest decline over 5 years

-30.35%

-15.65%

-14.70%

Max Drawdown (10Y)

Largest decline over 10 years

—

-15.69%

—

Current Drawdown

Current decline from peak

-25.14%

-4.61%

-20.53%

Average Drawdown

Average peak-to-trough decline

-19.39%

-6.12%

-13.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.44%

1.83%

+3.61%

Volatility

MSAP.L vs. MINT.L - Volatility Comparison

Invesco MSCI Saudi Arabia ETF (MSAP.L) has a higher volatility of 3.63% compared to PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L) at 1.67%. This indicates that MSAP.L's price experiences larger fluctuations and is considered to be riskier than MINT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MSAP.LMINT.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

1.67%

+1.96%

Volatility (6M)

Calculated over the trailing 6-month period

9.87%

5.05%

+4.82%

Volatility (1Y)

Calculated over the trailing 1-year period

14.67%

6.57%

+8.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.68%

8.43%

+7.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.32%

8.71%

+11.61%

Dividends

MSAP.L vs. MINT.L - Dividend Comparison

MSAP.L has not paid dividends to shareholders, while MINT.L's dividend yield for the trailing twelve months is around 4.36%.

PositionTTM20252024202320222021202020192018201720162015
MINT.L
PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF		4.36%4.43%5.18%4.81%1.51%0.34%1.17%2.63%2.33%1.56%1.31%0.79%
MSAP.L
Invesco MSCI Saudi Arabia ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MSAP.L and MINT.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MSAP.L tracks Invesco MSCI Saudi Arabia ETF, while MINT.L tracks PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF. They also come from different issuers: Invesco and PIMCO.

Portfolio Optimizer

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