RAVI vs. MINT
RAVI (FlexShares Ultra-Short Income ETF) and MINT (PIMCO Enhanced Short Maturity Active ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 10 years, RAVI returned 2.67%/yr vs 2.72%/yr for MINT. At a 0.29 correlation, their price movements are largely independent. RAVI charges 0.25%/yr vs 0.36%/yr for MINT.
Performance
RAVI vs. MINT - Performance Comparison
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Returns By Period
In the year-to-date period, RAVI achieves a 1.64% return, which is significantly lower than MINT's 2.04% return. Both investments have delivered pretty close results over the past 10 years, with RAVI having a 2.67% annualized return and MINT not far ahead at 2.72%.
RAVI
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 1.64%
- 6M
- 1.77%
- 1Y
- 4.35%
- 3Y*
- 5.16%
- 5Y*
- 3.53%
- 10Y*
- 2.67%
MINT
- 1D
- -0.03%
- 1M
- 0.33%
- YTD
- 2.04%
- 6M
- 2.17%
- 1Y
- 4.66%
- 3Y*
- 5.35%
- 5Y*
- 3.52%
- 10Y*
- 2.72%
RAVI vs. MINT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAVI FlexShares Ultra-Short Income ETF | 1.64% | 4.98% | 5.67% | 5.55% | 0.15% | -0.04% | 2.06% | 3.49% | 1.65% | 1.22% |
MINT PIMCO Enhanced Short Maturity Active ETF | 2.04% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
Correlation
The correlation between RAVI and MINT is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.29 |
Over the past year, the correlation between RAVI and MINT has dropped to 0.01 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
RAVI vs. MINT — Risk / Return Rank
RAVI
MINT
RAVI vs. MINT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Ultra-Short Income ETF (RAVI) 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.
| RAVI | MINT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.11 | ||
| Sortino ratioReturn per unit of downside risk | -37.27 | ||
| Omega ratioGain probability vs. loss probability | 5.22 | 18.96 | -13.74 |
| Calmar ratioReturn relative to maximum drawdown | 37.38 | 94.08 | -56.70 |
| Martin ratioReturn relative to average drawdown | 214.13 | 889.37 | -675.24 |
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Drawdowns
RAVI vs. MINT - Drawdown Comparison
The maximum RAVI drawdown since its inception was -3.72%, smaller than the maximum MINT drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for RAVI and MINT.
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Drawdown Indicators
| RAVI | MINT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.72% | -4.62% | +0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -0.05% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | -0.16% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -3.28% | -2.42% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -3.72% | -4.62% | +0.90% |
Current DrawdownCurrent decline from peak | -0.03% | -0.03% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -0.17% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.01% | +0.01% |
Volatility
RAVI vs. MINT - Volatility Comparison
FlexShares Ultra-Short Income ETF (RAVI) has a higher volatility of 0.13% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.11%. This indicates that RAVI'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
| RAVI | MINT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 0.11% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | 0.21% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 0.28% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 0.58% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 0.95% | +0.33% |
RAVI vs. MINT - Expense Ratio Comparison
RAVI has a 0.25% expense ratio, which is lower than MINT's 0.36% expense ratio.
Dividends
RAVI vs. MINT - Dividend Comparison
RAVI's dividend yield for the trailing twelve months is around 4.38%, more 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% |
RAVI FlexShares Ultra-Short Income ETF | 4.38% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% | 0.00% |
Frequently Asked Questions
RAVI and MINT 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.
RAVI has higher volatility (0.13%) compared to MINT (0.11%). In terms of maximum drawdown, RAVI dropped -3.72% vs MINT's -4.62%.
On 10-year performance, MINT leads with 2.72% vs 2.67% for RAVI. On fees, RAVI is cheaper at 0.25% per year. Their volatility is very similar. 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 2.72% return vs 2.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAVI is cheaper with a 0.25% expense ratio, compared with 0.36% for MINT.
RAVI has the higher dividend yield at 4.38%, compared with 4.28% for MINT.
They also come from different issuers: FlexShares and PIMCO. Their fees differ too: 0.25% for RAVI and 0.36% for MINT.
MINT currently has the higher Sharpe Ratio (16.83 vs 10.72), 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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