PMBS vs. MINT

Last updated Apr 1, 2026

Compare and contrast key facts about PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) and PIMCO Enhanced Short Maturity Active ETF (MINT).

PMBS and MINT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PMBS is an actively managed fund by PIMCO. It was launched on Jul 31, 1997. MINT is an actively managed fund by PIMCO. It was launched on Nov 16, 2009.

Performance

PMBS vs. MINT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) and PIMCO Enhanced Short Maturity Active ETF (MINT). The values are adjusted to include any dividend payments, if applicable.

PMBS vs. MINT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund	0.61%	8.92%	-2.75%
MINT PIMCO Enhanced Short Maturity Active ETF	0.96%	4.74%	1.44%

Returns By Period

In the year-to-date period, PMBS achieves a 0.61% return, which is significantly lower than MINT's 0.96% return.

PMBS

• 1D: 0.33%
• 1M: -1.84%
• YTD: 0.61%
• 6M: 2.40%
• 1Y: 6.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MINT

• 1D: 0.05%
• 1M: 0.26%
• YTD: 0.96%
• 6M: 2.09%
• 1Y: 4.56%
• 3Y*: 5.53%
• 5Y*: 3.33%
• 10Y*: 2.68%

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

PMBS vs. MINT - Expense Ratio Comparison

PMBS has a 0.71% expense ratio, which is higher than MINT's 0.36% expense ratio.

PMBS

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

MINT

PIMCO Enhanced Short Maturity Active ETF

Return for Risk

PMBS vs. MINT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PMBS

PMBS Risk / Return Rank: 68
PMBS Sharpe Ratio Rank: 71
PMBS Sortino Ratio Rank: 72
PMBS Omega Ratio Rank: 62
PMBS Calmar Ratio Rank: 76
PMBS Martin Ratio Rank: 59

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: 99
MINT Martin Ratio Rank: 99

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.

PMBS vs. MINT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) 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.

	PMBS	MINT	Difference
Sharpe ratio Return per unit of total volatility	1.31	12.69	-11.38
Sortino ratio Return per unit of downside risk	1.86	24.85	-22.99
Omega ratio Gain probability vs. loss probability	1.24	9.78	-8.54
Calmar ratio Return relative to maximum drawdown	2.09	28.78	-26.70
Martin ratio Return relative to average drawdown	6.06	237.55	-231.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PMBS vs. MINT - Sharpe Ratio Comparison

The current PMBS Sharpe Ratio is 1.31, which is lower than the MINT Sharpe Ratio of 12.69. The chart below compares the historical Sharpe Ratios of PMBS and MINT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PMBS	MINT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	12.69	-11.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	5.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	2.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	2.42	-1.55

Correlation

The correlation between PMBS and MINT is 0.05, 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.

Dividends

PMBS vs. MINT - Dividend Comparison

PMBS's dividend yield for the trailing twelve months is around 4.94%, more than MINT's 4.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMBS PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund	4.58%	4.73%	1.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MINT PIMCO Enhanced Short Maturity Active ETF	4.44%	4.63%	5.22%	4.91%	1.90%	0.44%	1.15%	2.65%	2.32%	1.61%	1.35%	0.88%

Drawdowns

PMBS vs. MINT - Drawdown Comparison

The maximum PMBS drawdown since its inception was -4.35%, smaller than the maximum MINT drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for PMBS and MINT.

Drawdown Indicators

	PMBS	MINT	Difference
Max Drawdown Largest peak-to-trough decline	-4.35%	-4.62%	+0.27%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-0.16%	-2.88%
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	-1.84%	0.00%	-1.84%
Average Drawdown Average peak-to-trough decline	-1.11%	-0.17%	-0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	0.02%	+1.03%

Volatility

PMBS vs. MINT - Volatility Comparison

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) has a higher volatility of 1.94% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.09%. This indicates that PMBS'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.

Volatility by Period

	PMBS	MINT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	0.09%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	0.17%	+2.70%
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	0.36%	+4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	0.58%	+4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	0.95%	+3.99%