SHY vs. MINT
SHY (iShares 1-3 Year Treasury Bond ETF) and MINT (PIMCO Enhanced Short Maturity Active ETF) are both exchange-traded funds - SHY is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index, while MINT is a Ultrashort Bond fund actively managed by PIMCO. SHY is passively managed, while MINT is actively managed. Over the past 10 years, SHY returned 1.65%/yr vs 2.72%/yr for MINT. At a 0.30 correlation, their price movements are largely independent. SHY charges 0.15%/yr vs 0.36%/yr for MINT.
Performance
SHY vs. MINT - Performance Comparison
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Returns By Period
In the year-to-date period, SHY achieves a 0.55% return, which is significantly lower than MINT's 1.94% return. Over the past 10 years, SHY has underperformed MINT with an annualized return of 1.65%, while MINT has yielded a comparatively higher 2.72% annualized return.
SHY
- 1D
- -0.02%
- 1M
- 0.31%
- YTD
- 0.55%
- 6M
- 0.80%
- 1Y
- 3.29%
- 3Y*
- 4.15%
- 5Y*
- 1.74%
- 10Y*
- 1.65%
MINT
- 1D
- 0.04%
- 1M
- 0.35%
- YTD
- 1.94%
- 6M
- 2.19%
- 1Y
- 4.67%
- 3Y*
- 5.40%
- 5Y*
- 3.49%
- 10Y*
- 2.72%
SHY vs. MINT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 0.55% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
MINT PIMCO Enhanced Short Maturity Active ETF | 1.94% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
Correlation
The correlation between SHY 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 | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.30 |
Over the past year, the correlation between SHY and MINT has dropped to 0.02 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
SHY vs. MINT — Risk / Return Rank
SHY
MINT
SHY vs. MINT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year Treasury Bond ETF (SHY) 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.
| SHY | MINT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.08 | ||
| Sortino ratioReturn per unit of downside risk | -62.97 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 21.62 | -20.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 95.35 | -91.71 |
| Martin ratioReturn relative to average drawdown | 14.45 | 965.15 | -950.70 |
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Drawdowns
SHY vs. MINT - Drawdown Comparison
The maximum SHY drawdown since its inception was -5.71%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for SHY and MINT.
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Drawdown Indicators
| SHY | MINT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.71% | -4.62% | -1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -0.05% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -0.16% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -5.71% | -2.42% | -3.29% |
Max Drawdown (10Y)Largest decline over 10 years | -5.71% | -4.62% | -1.09% |
Current DrawdownCurrent decline from peak | -0.18% | 0.00% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -0.17% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.00% | +0.22% |
Volatility
SHY vs. MINT - Volatility Comparison
iShares 1-3 Year Treasury Bond ETF (SHY) has a higher volatility of 0.40% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.09%. This indicates that SHY'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
| SHY | MINT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 0.09% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 0.20% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.33% | 0.27% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 0.58% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 0.95% | +0.62% |
SHY vs. MINT - Expense Ratio Comparison
SHY has a 0.15% expense ratio, which is lower than MINT's 0.36% expense ratio.
Dividends
SHY vs. MINT - Dividend Comparison
SHY's dividend yield for the trailing twelve months is around 3.68%, 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% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.68% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Frequently Asked Questions
SHY 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.
SHY has higher volatility (0.40%) compared to MINT (0.09%). In terms of maximum drawdown, SHY dropped -5.71% vs MINT's -4.62%.
On 10-year performance, MINT leads with 2.72% vs 1.65% for SHY. On fees, SHY is cheaper at 0.15% 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 2.72% return vs 1.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHY is cheaper with a 0.15% expense ratio, compared with 0.36% for MINT.
MINT has the higher dividend yield at 4.28%, compared with 3.68% for SHY.
SHY is categorized as Government Bonds, while MINT is Ultrashort Bond. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.15% for SHY and 0.36% for MINT.
MINT currently has the higher Sharpe Ratio (17.51 vs 2.43), 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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