MUNI vs. MINT
MUNI (PIMCO Intermediate Municipal Bond Active ETF) and MINT (PIMCO Enhanced Short Maturity Active ETF) are both exchange-traded funds - MUNI is a Municipal Bonds fund actively managed by PIMCO, while MINT is a Ultrashort Bond fund actively managed by PIMCO. Both are actively managed. Over the past 10 years, MUNI returned 2.16%/yr vs 2.70%/yr for MINT. At a 0.17 correlation, their price movements are largely independent. MUNI charges 0.35%/yr vs 0.36%/yr for MINT.
Performance
MUNI vs. MINT - Performance Comparison
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Returns By Period
In the year-to-date period, MUNI achieves a 1.24% return, which is significantly lower than MINT's 1.81% return. Over the past 10 years, MUNI has underperformed MINT with an annualized return of 2.16%, while MINT has yielded a comparatively higher 2.70% annualized return.
MUNI
- 1D
- -0.04%
- 1M
- 0.42%
- YTD
- 1.24%
- 6M
- 1.44%
- 1Y
- 6.52%
- 3Y*
- 3.96%
- 5Y*
- 1.27%
- 10Y*
- 2.16%
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%
MUNI vs. MINT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUNI PIMCO Intermediate Municipal Bond Active ETF | 1.24% | 4.72% | 1.43% | 6.07% | -6.62% | 0.67% | 4.83% | 7.09% | 0.84% | 4.86% |
MINT PIMCO Enhanced Short Maturity Active ETF | 1.81% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
Correlation
The correlation between MUNI and MINT is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2009 | 0.17 |
The correlation between MUNI and MINT shifts across timeframes, from 0.02 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MUNI vs. MINT — Risk / Return Rank
MUNI
MINT
MUNI vs. MINT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Intermediate Municipal Bond Active ETF (MUNI) and PIMCO Enhanced Short Maturity Active ETF (MINT). 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.
| MUNI | MINT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.20 | ||
| Sortino ratioReturn per unit of downside risk | -61.21 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 20.53 | -18.88 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 94.30 | -91.45 |
| Martin ratioReturn relative to average drawdown | 9.39 | 939.26 | -929.87 |
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
| MUNI | MINT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 17.09 | -14.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 5.99 | -5.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 2.87 | -2.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 2.47 | -1.68 |
Drawdowns
MUNI vs. MINT - Drawdown Comparison
The maximum MUNI drawdown since its inception was -11.15%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for MUNI and MINT.
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Drawdown Indicators
| MUNI | MINT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.15% | -4.62% | -6.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -0.05% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.09% | -0.16% | -3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -11.15% | -2.42% | -8.73% |
Max Drawdown (10Y)Largest decline over 10 years | -11.15% | -4.62% | -6.53% |
Current DrawdownCurrent decline from peak | -0.79% | 0.00% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -0.17% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.00% | +0.70% |
Volatility
MUNI vs. MINT - Volatility Comparison
PIMCO Intermediate Municipal Bond Active ETF (MUNI) has a higher volatility of 0.77% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.09%. This indicates that MUNI's price experiences larger fluctuations and is considered to be riskier than MINT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUNI | MINT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.09% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 0.20% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 0.27% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.31% | 0.58% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.85% | 0.95% | +2.90% |
MUNI vs. MINT - Expense Ratio Comparison
MUNI has a 0.35% expense ratio, which is lower than MINT's 0.36% expense ratio.
Dividends
MUNI vs. MINT - Dividend Comparison
MUNI's dividend yield for the trailing twelve months is around 3.29%, less than MINT's 4.28% 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% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.29% | 3.26% | 3.50% | 3.09% | 2.13% | 1.62% | 1.92% | 2.44% | 2.38% | 2.37% | 2.37% | 2.20% |
Frequently Asked Questions
MUNI and MINT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUNI has higher volatility (0.77%) compared to MINT (0.09%). In terms of maximum drawdown, MUNI dropped -11.15% vs MINT's -4.62%.
On 10-year performance, MINT leads with 2.70% vs 2.16% for MUNI. On fees, MUNI is cheaper at 0.35% per year. On volatility, MINT has been the lower-risk option at 0.09%. 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 2.70% return vs 2.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MUNI is cheaper with a 0.35% expense ratio, compared with 0.36% for MINT.
MINT has the higher dividend yield at 4.28%, compared with 3.29% for MUNI.
MUNI is categorized as Municipal Bonds, while MINT is Ultrashort Bond. Their fees differ too: 0.35% for MUNI and 0.36% for MINT.
MINT currently has the higher Sharpe Ratio (17.09 vs 2.89), 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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