MINO vs TAXM
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund vs BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents
Which is better, MINO or TAXM?
Nearly the same fund. TAXM costs less.
TAXM has a lower expense ratio. MINO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | TAXM |
|---|---|---|
| Expense Ratio | 0.39% | 0.35%Best |
| AUM | $850M | $40M |
| Dividend Yield | 4.17% | 3.43% |
| Holdings | 1,083 | 162 |
| YTD Return | -2.95%Best | -3.22% |
| 1Y Return | -2.10%Best | -2.42% |
| 3Y Return (annualized) | +3.99% | - |
| 5Y Return (annualized) | +0.59% | - |
| Volatility (annualized) | 5.3% | 4.7%Best |
| Max Drawdown | -6.9% | -6.2%Best |
| $10,000 over 1.6 years | $10,114Best | $10,040 |
| Fund Family | PIMCO (US) | BondBloxx |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Sep 8, 2021 | Mar 13, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 13, 2025 to Oct 14, 2026 (1.6 years).
MINO vs TAXM 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 1.6 years both funds cover.
MINO vs TAXM Performance
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is an ETF from PIMCO (US) and BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) is an ETF from BondBloxx. Over the past year MINO returned -2.10% while TAXM returned -2.42%. Year to date, MINO is down 2.95% versus a loss of 3.22% for TAXM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MINO has been the more volatile fund, with annualized monthly volatility of 5.3% compared with 4.7% for TAXM. 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 -6.2% for TAXM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 TAXM charges 0.35%. On a $10,000 position that is $39 vs $35 annually, a gap of $4 per year that compounds over a long holding period. On income, MINO currently yields 4.17% against 3.43% for TAXM.
Holdings Overlap
We hold position weights for 226 holdings in MINO and 69 in TAXM, totalling 33.7% and 32.5% 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, 8 positions appear in both.
8 positions in common, counted across the 226 positions we hold weights for in MINO and 69 in TAXM, against full books of 1,083 and 162.
Top Shared Holdings
| Stock | Weight in MINO | Weight in TAXM | Difference |
|---|---|---|---|
| NY NYCGEN 5.25 05/01New York City Transitional Finance Authority 0.0525 05/01/2055 | 1.08% | 1.26% | 0.18% |
| GA MAIUTL 12/01/2055Main Street Natural Gas Inc Ga 5.00 2055-12-01 | 0.46% | 0.24% | 0.22% |
| IL ILSTRN 5 01/01/20Illinois St Toll Hwy Auth Toll 5% Jan 01, 2045 | 0.17% | 0.41% | 0.24% |
| MA MASTRN 5 06/01/20Massachusetts St Transprtn Fun Mass Cmnwlth-A 5 06/01/2053 | 0.20% | 0.36% | 0.16% |
| TN TGYPWR 12/01/2051Tennergy Corp Tn Gas Revenue | 0.13% | 0.26% | 0.13% |
| AL SEEPWR 01/01/2056Southeast Energy Auth Coop Dis 5% Jun 01, 2035 | 0.11% | 0.23% | 0.12% |
| MA MAS 5 08/01/2054MASSACHUSETTS ST GO CONSOLIDATED LN BDS 2024 E 8/1/54 5.000 % | 0.02% | 0.28% | 0.26% |
| CA CCEDEV 02/01/2054California Community Choice Fi Ccedev 02/54 Adjustable Var 5 02-01-2054 | 0.06% | 0.24% | 0.18% |
You are not choosing between two funds in isolation.
Whichever of MINO and TAXM 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 TAXM?
MINO has an expense ratio of 0.39% while TAXM charges 0.35%. TAXM is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, MINO or TAXM?
Over the past year MINO returned -2.10% vs -2.42% for TAXM, so MINO leads on 1-year performance. Over the longest common window we track (2 years), MINO annualized +0.71% vs +0.25% for TAXM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MINO or TAXM?
MINO has been the more volatile fund at 5.3% annualized versus 4.7% for TAXM. Worst drawdown: MINO -6.9% vs TAXM -6.2%.
Should I hold both MINO and TAXM?
MINO and TAXM have a monthly-return correlation of 0.99, 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 TAXM?
MINO yields 4.17% while TAXM yields 3.43%, so MINO currently pays the higher dividend yield.
Is TAXM better than MINO?
TAXM has a lower expense ratio. MINO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.