TIPX vs. MINT
Compare and contrast key facts about SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and PIMCO Enhanced Short Maturity Strategy Fund (MINT).
TIPX and MINT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIPX is a passively managed fund by State Street that tracks the performance of the Bloomberg US Govt Inflation-Linked (1-10 Y). It was launched on May 29, 2013. 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: TIPX or MINT.
Key characteristics
| TIPX | MINT | |
|---|---|---|
| YTD Return | 3.38% | 5.18% |
| 1Y Return | 6.66% | 6.06% |
| 3Y Return (Ann) | -0.16% | 3.41% |
| 5Y Return (Ann) | 2.86% | 2.45% |
| 10Y Return (Ann) | 2.34% | 2.12% |
| Sharpe Ratio | 1.85 | 13.65 |
| Sortino Ratio | 2.85 | 32.69 |
| Omega Ratio | 1.36 | 9.54 |
| Calmar Ratio | 0.89 | 47.15 |
| Martin Ratio | 10.50 | 511.21 |
| Ulcer Index | 0.64% | 0.01% |
| Daily Std Dev | 3.65% | 0.45% |
| Max Drawdown | -10.06% | -4.62% |
| Current Drawdown | -1.61% | 0.00% |
Correlation
The correlation between TIPX and MINT is 0.17, 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.
Performance
TIPX vs. MINT - Performance Comparison
In the year-to-date period, TIPX achieves a 3.38% return, which is significantly lower than MINT's 5.18% return. Over the past 10 years, TIPX has outperformed MINT with an annualized return of 2.34%, while MINT has yielded a comparatively lower 2.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TIPX vs. MINT - Expense Ratio Comparison
TIPX has a 0.15% expense ratio, which is lower than MINT's 0.36% expense ratio.
Risk-Adjusted Performance
TIPX vs. MINT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) 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
TIPX vs. MINT - Dividend Comparison
TIPX's dividend yield for the trailing twelve months is around 3.30%, less than MINT's 5.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.30% | 3.57% | 6.07% | 4.26% | 1.73% | 2.53% | 1.90% | 2.85% | 1.04% | 0.06% | 1.52% | 0.25% |
MINT PIMCO Enhanced Short Maturity Strategy Fund | 5.32% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% | 0.80% | 0.88% |
Drawdowns
TIPX vs. MINT - Drawdown Comparison
The maximum TIPX drawdown since its inception was -10.06%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for TIPX and MINT. For additional features, visit the drawdowns tool.
Volatility
TIPX vs. MINT - Volatility Comparison
SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) has a higher volatility of 0.77% compared to PIMCO Enhanced Short Maturity Strategy Fund (MINT) at 0.10%. This indicates that TIPX'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.