SMMU vs. MINT
Compare and contrast key facts about PIMCO Short Term Municipal Bond Active ETF (SMMU) and PIMCO Enhanced Short Maturity Strategy Fund (MINT).
SMMU and MINT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMMU is an actively managed fund by PIMCO. It was launched on Feb 1, 2010. MINT is an actively managed fund by PIMCO. It was launched on Nov 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMMU or MINT.
Performance
SMMU vs. MINT - Performance Comparison
Returns By Period
In the year-to-date period, SMMU achieves a 2.44% return, which is significantly lower than MINT's 5.24% return. Over the past 10 years, SMMU has underperformed MINT with an annualized return of 1.52%, while MINT has yielded a comparatively higher 2.13% annualized return.
SMMU
2.44%
-0.31%
1.92%
4.68%
1.62%
1.52%
MINT
5.24%
0.44%
2.74%
6.01%
2.44%
2.13%
Key characteristics
| SMMU | MINT | |
|---|---|---|
| Sharpe Ratio | 2.67 | 13.68 |
| Sortino Ratio | 4.11 | 32.98 |
| Omega Ratio | 1.61 | 9.88 |
| Calmar Ratio | 4.71 | 46.90 |
| Martin Ratio | 16.64 | 515.02 |
| Ulcer Index | 0.30% | 0.01% |
| Daily Std Dev | 1.84% | 0.44% |
| Max Drawdown | -5.08% | -4.62% |
| Current Drawdown | -0.59% | 0.00% |
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SMMU vs. MINT - Expense Ratio Comparison
SMMU has a 0.35% expense ratio, which is lower than MINT's 0.36% expense ratio.
Correlation
The correlation between SMMU and MINT is 0.16, 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.
Risk-Adjusted Performance
SMMU vs. MINT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Term Municipal Bond Active ETF (SMMU) and PIMCO Enhanced Short Maturity Strategy Fund (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.
Dividends
SMMU vs. MINT - Dividend Comparison
SMMU's dividend yield for the trailing twelve months is around 3.52%, less than MINT's 5.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMU PIMCO Short Term Municipal Bond Active ETF | 3.52% | 3.29% | 1.37% | 0.60% | 1.19% | 1.82% | 1.73% | 1.41% | 1.03% | 0.89% | 0.67% | 0.57% |
MINT PIMCO Enhanced Short Maturity Strategy Fund | 5.31% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% | 0.80% | 0.88% |
Drawdowns
SMMU vs. MINT - Drawdown Comparison
The maximum SMMU drawdown since its inception was -5.08%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for SMMU and MINT. For additional features, visit the drawdowns tool.
Volatility
SMMU vs. MINT - Volatility Comparison
PIMCO Short Term Municipal Bond Active ETF (SMMU) has a higher volatility of 0.87% compared to PIMCO Enhanced Short Maturity Strategy Fund (MINT) at 0.10%. This indicates that SMMU'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.