NEAR vs. MINT
NEAR (iShares Short Duration Bond Active ETF) and MINT (PIMCO Enhanced Short Maturity Active ETF) are both exchange-traded funds - NEAR is a Short-Term Bond fund actively managed by iShares, while MINT is a Ultrashort Bond fund actively managed by PIMCO. Both are actively managed. Over the past 10 years, NEAR returned 2.86%/yr vs 2.74%/yr for MINT. Their 0.24 correlation means their historical movements had little consistent relationship. NEAR charges 0.25%/yr vs 0.36%/yr for MINT.
Performance
NEAR vs. MINT - Performance Comparison
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Returns By Period
In the year-to-date period, NEAR achieves a 1.02% return, which is significantly lower than MINT's 2.47% return. Both investments have delivered pretty close results over the past 10 years, with NEAR having a 2.86% annualized return and MINT not far behind at 2.74%.
NEAR
- 1D
- 0.02%
- 1M
- 0.05%
- 6M
- 0.65%
- YTD
- 1.02%
- 1Y
- 3.25%
- 3Y*
- 5.41%
- 5Y*
- 3.91%
- 10Y*
- 2.86%
- ALL TIME*
- 2.43%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $141.60M | $159.28M | $155.81M | |
| $20.32M | $23.15M | $29.48M |
NEAR vs. MINT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Duration Bond Active ETF | 1.02% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.71% | 1.41% |
MINT PIMCO Enhanced Short Maturity Active ETF | 2.47% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
Correlation
The correlation between NEAR and MINT is 0.06, 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. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.28 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2013 | 0.24 |
The correlation between NEAR and MINT shifts across timeframes, from 0.06 (1 year) to 0.29 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
NEAR vs. MINT — Risk / Return Rank
NEAR
MINT
NEAR vs. MINT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Duration Bond Active ETF (NEAR) 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.
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.
| NEAR | MINT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.40 | ||
| Sortino ratioReturn per unit of downside risk | -47.83 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 14.85 | -13.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 90.98 | -87.94 |
| Martin ratioReturn relative to average drawdown | 13.71 | 703.66 | -689.95 |
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Drawdowns
NEAR vs. MINT - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.61%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for NEAR and MINT.
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Drawdown Indicators
| NEAR | MINT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.61% | -4.62% | -4.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -0.05% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -1.16% | -0.16% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -1.32% | -2.42% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -9.61% | -4.62% | -4.99% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.17% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.01% | +0.24% |
Volatility
NEAR vs. MINT - Volatility Comparison
iShares Short Duration Bond Active ETF (NEAR) has a higher volatility of 0.33% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.10%. This indicates that NEAR'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
| NEAR | MINT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.10% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 0.22% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 0.28% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.36% | 0.58% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.50% | 0.94% | +1.56% |
NEAR vs. MINT - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is lower than MINT's 0.36% expense ratio.
Dividends
NEAR vs. MINT - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 4.42%, more than MINT's 4.22% 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% |
NEAR iShares Short Duration Bond Active ETF | 4.06% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
Frequently Asked Questions
NEAR and MINT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAR has higher volatility (0.33%) compared to MINT (0.10%). In terms of maximum drawdown, NEAR dropped -9.61% vs MINT's -4.62%.
On 10-year performance, NEAR leads with 2.86% vs 2.74% for MINT. On fees, NEAR is cheaper at 0.25% 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.
Over the 10-year period, NEAR has performed better with a 2.86% return vs 2.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NEAR is cheaper with a 0.25% expense ratio, compared with 0.36% for MINT.
NEAR has the higher dividend yield at 4.06%, compared with 3.84% for MINT.
NEAR is categorized as Short-Term Bond, while MINT is Ultrashort Bond. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.25% for NEAR and 0.36% for MINT.
MINT currently has the higher Sharpe Ratio (15.93 vs 2.52), 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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