DSM vs MINO
BNY Mellon Strategic Municipal Bond Fund Inc vs PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
Which is better, DSM or MINO?
Each has led over a different period.
MINO has a lower expense ratio. DSM led over 3Y, MINO over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DSM | MINO |
|---|---|---|
| Expense Ratio | 1.09% | 0.39%Best |
| AUM | $335M | $850M |
| Dividend Yield | 5.50% | 4.17% |
| Holdings | 233 | 1,083 |
| YTD Return | -13.99% | -2.95%Best |
| 1Y Return | -10.44% | -2.10%Best |
| 3Y Return (annualized) | +5.32%Best | +3.99% |
| 5Y Return (annualized) | -4.62% | +0.59%Best |
| Volatility (annualized) | 16.1% | 6.8%Best |
| Max Drawdown | -38.6% | -15.2%Best |
| $10,000 over 5 years | $7,894 | $10,299Best |
| Fund Family | BNY Mellon Investment Management | PIMCO (US) |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Nov 22, 1989 | Sep 8, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2021 to Oct 14, 2026 (5.1 years).
DSM vs MINO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.1 years both funds cover.
DSM vs MINO Performance
BNY Mellon Strategic Municipal Bond Fund Inc (DSM) is an ETF from BNY Mellon Investment Management and PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is an ETF from PIMCO (US). Over the past year DSM returned -10.44% while MINO returned -2.10%. Year to date, DSM is down 13.99% versus a loss of 2.95% for MINO.
Over three years, DSM compounded at +5.32% per year against +3.99% for MINO; over five years the annualized figures are -4.62% and +0.59% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DSM has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 6.8% for MINO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.6% for DSM and -15.2% for MINO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DSM charges 1.09% per year while MINO charges 0.39%. On a $10,000 position that is $109 vs $39 annually, a gap of $70 per year that compounds over a long holding period. On income, DSM currently yields 5.50% against 4.17% for MINO.
Holdings Overlap
We hold position weights for 101 holdings in DSM and 226 in MINO, totalling 41.1% and 33.7% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 10 positions appear in both.
10 positions in common, counted across the 101 positions we hold weights for in DSM and 226 in MINO, against full books of 233 and 1,083.
Top Shared Holdings
| Stock | Weight in DSM | Weight in MINO | Difference |
|---|---|---|---|
| OH BUCGEN 5 06/01/20Buckeye Tobacco Settlement Financing Auth Oh Ref-Senior-Class 2-Ser B-2 5.000 Jun 01 55 | 1.69% | 0.64% | 1.05% |
| NY NYEFAC 07/01/2056New York Energy Fin Dev Corp Nyefac 07/56 Adjustable Var | 0.56% | 0.19% | 0.37% |
| FL COLDEV 5 10/01/20Collier County Industrial Development Authority 5.0% 10/01/2054 | 0.56% | 0.13% | 0.43% |
| MI MISFIN 4 12/01/20Michigan Fin Au 4% 12/1/49 | 0.48% | 0.11% | 0.37% |
| FL FLSDEV 5.25 07/01Florida Development Finance Corp 5.25% 07/01/2053 | 0.48% | 0.09% | 0.39% |
| AL BBEUTL 03/01/2055Black Belt Energy Gas Dist Ala 5% Nov 01, 2034 | 0.43% | 0.00% | 0.43% |
| AL ESDPWR 07/01/2054Energy S E Al A Cooperative 07/54 1 | 0.29% | 0.07% | 0.22% |
| MI MGFFAC 5.5 02/28/Michigan Finance Authority Fx.Rt. Muni Bond | 0.29% | 0.07% | 0.22% |
| NY NYTTRN 5.62 04/01New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc. - Laguardia Airport Terminals C&D Redevelopment 5.625 05-12-2027 | 0.29% | 0.07% | 0.22% |
| OH CUYMED 5 02/15/20Cuyahoga Cnty Oh Hosp Revenue | 0.26% | 0.06% | 0.20% |
You are not choosing between two funds in isolation.
Whichever of DSM and MINO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DSM or MINO?
DSM has an expense ratio of 1.09% while MINO charges 0.39%. MINO is the cheaper option, by $70 a year on a $10,000 investment.
Which performed better, DSM or MINO?
Over the past year DSM returned -10.44% vs -2.10% for MINO, so MINO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSM or MINO?
DSM has been the more volatile fund at 16.1% annualized versus 6.8% for MINO. Worst drawdown: DSM -38.6% vs MINO -15.2%.
Should I hold both DSM and MINO?
DSM and MINO have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, DSM or MINO?
DSM yields 5.50% while MINO yields 4.17%, so DSM currently pays the higher dividend yield.
Is MINO better than DSM?
MINO has a lower expense ratio. DSM led over 3Y, MINO over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.