MINO vs SCMB
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund vs Schwab Municipal Bond ETF
Which is better, MINO or SCMB?
Nearly the same fund. SCMB costs less.
SCMB has a lower expense ratio. MINO led over 3Y and the full window, SCMB over 1Y. The two have moved almost in lockstep, correlation 0.98.
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 | MINO | SCMB |
|---|---|---|
| Expense Ratio | 0.39% | 0.03%Best |
| AUM | $850M | $3.1B |
| Dividend Yield | 4.17% | 3.74% |
| Holdings | 1,083 | 7,278 |
| YTD Return | -2.95%Best | -3.06% |
| 1Y Return | -2.10% | -2.05%Best |
| 3Y Return (annualized) | +3.99%Best | +2.76% |
| 5Y Return (annualized) | +0.59% | - |
| Volatility (annualized) | 6.3% | 6.2%Best |
| Max Drawdown | -6.9% | -6.7%Best |
| $10,000 over 4 years | $11,654Best | $11,042 |
| Fund Family | PIMCO (US) | Charles Schwab Investment Mangement |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Sep 8, 2021 | Oct 11, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 12, 2022 to Oct 14, 2026 (4 years).
MINO vs SCMB 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 4 years both funds cover.
MINO vs SCMB Performance
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is an ETF from PIMCO (US) and Schwab Municipal Bond ETF (SCMB) is an ETF from Charles Schwab Investment Mangement. Over the past year MINO returned -2.10% while SCMB returned -2.05%. Year to date, MINO is down 2.95% versus a loss of 3.06% for SCMB.
Over three years, MINO compounded at +3.99% per year against +2.76% for SCMB. Across the full 4-year window we track, MINO has the edge at +3.90% annualized vs +2.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MINO has been the more volatile fund, with annualized monthly volatility of 6.3% compared with 6.2% for SCMB. 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 -6.9% for MINO and -6.7% for SCMB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MINO charges 0.39% per year while SCMB charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, MINO currently yields 4.17% against 3.74% for SCMB.
Holdings Overlap
We hold position weights for 226 holdings in MINO and 2,477 in SCMB, totalling 33.7% and 23.7% 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, 54 positions appear in both.
54 positions in common, counted across the 226 positions we hold weights for in MINO and 2,477 in SCMB, against full books of 1,083 and 7,278.
Top Shared Holdings
| Stock | Weight in MINO | Weight in SCMB | Difference |
|---|---|---|---|
| GA MELPWR 5 01/01/20Georgia (State Of) Municipal Electric Authority (Plant Vogtle Units 3 & 4), Series 2019, Ref. Rb 5 2049-01-01 | 1.18% | 0.01% | 1.17% |
| NY NYCGEN 5.25 05/01New York N Y City Transitional Fin Auth Rev 5.25% 01-May-2048 | 1.08% | 0.00% | 1.08% |
| AZ MESUTL 5 07/01/20City of Mesa AZ Utility System Revenue 5.0% 07/01/2043 | 0.80% | 0.00% | 0.80% |
| TX SANUTL 5.25 02/01San Antonio Tex Electric & Gas 5.25 2049-02-01 | 0.68% | 0.00% | 0.68% |
| NY NYSGEN 5 03/15/20New York St Dorm Auth St Perso Regd B/E 5.00000000 | 0.66% | 0.01% | 0.65% |
| TX HOUUTL 4 11/15/20Houutl 4.000 11/15/37 | 0.54% | 0.00% | 0.54% |
| NV CLA 5 05/01/2048Clark (county Of) (stadium Improvement Bonds), Series 2018 A, Go Bonds | 0.40% | 0.01% | 0.39% |
| CO COSCTF 5 11/01/20COLORADO ST-A-COPS | 0.40% | 0.01% | 0.39% |
| TX AUSUTL 5 11/15/20Austin Tex Wtr & Wastewater Sys Rev 5% | 0.40% | 0.00% | 0.40% |
| DC DCTTRN 5.25 07/15Washington Dc Met Area Transit Dcttrn 07/50 Fixed 5.25 | 0.34% | 0.01% | 0.33% |
You are not choosing between two funds in isolation.
Whichever of MINO and SCMB 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, MINO or SCMB?
MINO has an expense ratio of 0.39% while SCMB charges 0.03%. SCMB is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, MINO or SCMB?
Over the past year MINO returned -2.10% vs -2.05% for SCMB, so SCMB leads on 1-year performance. Over the longest common window we track (4 years), MINO annualized +3.90% vs +2.51% for SCMB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MINO or SCMB?
MINO has been the more volatile fund at 6.3% annualized versus 6.2% for SCMB. Worst drawdown: MINO -6.9% vs SCMB -6.7%.
Should I hold both MINO and SCMB?
MINO and SCMB have a monthly-return correlation of 0.98, 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, MINO or SCMB?
MINO yields 4.17% while SCMB yields 3.74%, so MINO currently pays the higher dividend yield.
Is SCMB better than MINO?
SCMB has a lower expense ratio. MINO led over 3Y and the full window, SCMB over 1Y. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.