T1AP.L vs. MINT.L
T1AP.L (Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc)) and MINT.L (PIMCO US Dollar Short Maturity UCITS ETF USD (Dist)) are both Ultrashort Bond funds. T1AP.L is passively managed, while MINT.L is actively managed. Over the past 5 years, T1AP.L returned 4.05%/yr vs 3.93%/yr for MINT.L. Their correlation of 0.80 suggests significant overlap in exposure. T1AP.L charges 0.06%/yr vs 0.35%/yr for MINT.L.
Performance
T1AP.L vs. MINT.L - Performance Comparison
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Different Trading Currencies
T1AP.L is traded in GBp, while MINT.L is traded in USD. To make them comparable, the MINT.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with T1AP.L having a 2.33% return and MINT.L slightly higher at 2.37%.
T1AP.L
- 1D
- 0.32%
- 1M
- 0.55%
- 6M
- 1.70%
- YTD
- 2.33%
- 1Y
- 4.49%
- 3Y*
- 3.94%
- 5Y*
- 4.05%
- 10Y*
- —
MINT.L
- 1D
- 0.50%
- 1M
- 0.04%
- 6M
- 1.42%
- YTD
- 2.37%
- 1Y
- 4.08%
- 3Y*
- 4.17%
- 5Y*
- 3.93%
- 10Y*
- 2.48%
T1AP.L vs. MINT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
T1AP.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) | 2.33% | -2.78% | 6.89% | -0.80% | 12.56% | 1.28% | 7,301.82% |
MINT.L PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) | 2.38% | -2.80% | 7.60% | 0.43% | 11.14% | 0.85% | -3.75% |
Correlation
The correlation between T1AP.L and MINT.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.80 |
The correlation between T1AP.L and MINT.L has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
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Return for Risk
T1AP.L vs. MINT.L — Risk / Return Rank
T1AP.L
MINT.L
T1AP.L vs. MINT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) (T1AP.L) and PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) (MINT.L). 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.
| T1AP.L | MINT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.11 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.81 | +0.28 |
| Martin ratioReturn relative to average drawdown | 2.77 | 2.22 | +0.55 |
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Drawdowns
T1AP.L vs. MINT.L - Drawdown Comparison
The maximum T1AP.L drawdown since its inception was -21.77%, which is greater than MINT.L's maximum drawdown of -15.69%. Use the drawdown chart below to compare losses from any high point for T1AP.L and MINT.L.
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Drawdown Indicators
| T1AP.L | MINT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -15.69% | -6.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | -5.03% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.77% | -9.68% | -12.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.77% | -15.65% | -6.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.69% | — |
Current DrawdownCurrent decline from peak | -15.88% | -4.19% | -11.69% |
Average DrawdownAverage peak-to-trough decline | -14.05% | -6.12% | -7.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.83% | -0.08% |
Volatility
T1AP.L vs. MINT.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) (T1AP.L) is 1.64%, while PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) (MINT.L) has a volatility of 1.79%. This indicates that T1AP.L experiences smaller price fluctuations and is considered to be less risky than MINT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T1AP.L | MINT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.79% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 5.09% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 6.60% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 8.43% | +7.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,962.48% | 8.71% | +2,953.77% |
T1AP.L vs. MINT.L - Expense Ratio Comparison
T1AP.L has a 0.06% expense ratio, which is lower than MINT.L's 0.35% expense ratio.
Dividends
T1AP.L vs. MINT.L - Dividend Comparison
T1AP.L has not paid dividends to shareholders, while MINT.L's dividend yield for the trailing twelve months is around 4.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINT.L PIMCO US Dollar Short Maturity UCITS ETF USD (Dist) | 4.01% | 4.43% | 5.18% | 4.81% | 1.51% | 0.34% | 1.17% | 2.63% | 2.33% | 1.56% | 1.31% | 0.79% |
T1AP.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
T1AP.L and MINT.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, T1AP.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
T1AP.L is cheaper with a 0.06% expense ratio, compared with 0.35% for MINT.L.
They also come from different issuers: Invesco and PIMCO. Their fees differ too: 0.06% for T1AP.L and 0.35% for MINT.L.
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