MINO vs VOO
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MINO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $726M | $979.0B | |
| Dividend Yield | 3.87% | 1.09% | |
| Holdings | 425 | 509 | |
| YTD Return | +1.19% | +13.72% | |
| 1Y Return | +6.06% | +21.63% | |
| 3Y Return (annualized) | +4.41% | +21.55% | |
| 5Y Return (annualized) | +1.25% | +13.26% | |
| Volatility (annualized) | 6.7% | 14.1% | |
| Max Drawdown | -15.2% | -34.3% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Sep 8, 2021 | Sep 7, 2010 |
MINO vs VOO Performance
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is a ETF from PIMCO (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MINO returned +6.06% while VOO returned +21.63%. Year to date, MINO is up 1.19% versus a gain of 13.72% for VOO.
Over three years, MINO compounded at +4.41% per year against +21.55% for VOO; over five years the annualized figures are +1.25% and +13.26% respectively. Across the full 5-year window we track, VOO has the edge at +13.56% annualized vs +1.25%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 6.7% 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 -15.2% for MINO and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MINO charges 0.39% per year while VOO 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 3.87% against 1.09% for VOO.
Holdings Overlap
MINO and VOO share 0 holdings out of 733 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MINO or VOO?
MINO has an expense ratio of 0.39% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, MINO or VOO?
Over the past year MINO returned +6.06% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), MINO annualized +1.25% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, MINO or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 6.7% for MINO. Worst drawdown: MINO -15.2% vs VOO -34.3%.
Should I hold both MINO and VOO?
MINO and VOO have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MINO and VOO?
MINO and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 733 unique securities.
Which pays a higher dividend, MINO or VOO?
MINO yields 3.87% while VOO yields 1.09%, so MINO currently pays the higher dividend yield.
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