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MINOvsSUBETF Comparison

ETF 1

MINO

PIMCO Municipal Income Opportunities Active ETF

This fund is part of

Municipal Bonds

-0%

Full MINO fund page

VS

ETF 2

SUB

iShares Short-Term National Muni Bond ETF

This fund is part of

Municipal Bonds

-0%

Full SUB fund page

PIMCO Municipal Income Opportunities Active ETF (MINO) and iShares Short-Term National Muni Bond ETF (SUB) belong to the same industry segment: Municipal Bonds. MINO's top 2 sector exposures are Municipal and Sovereign. In contrast, SUB's top sector exposures are Municipal and Non-Corporate. MINO is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.07% for SUB. MINO is down -2.06% year-to-date (YTD) with +$441M in YTD flows. SUB performs better with 0.64% YTD performance, and +$2.50B in YTD flows. Run a side-by-side ETF comparison of MINO and SUB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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MINO vs SUB performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MINO SUB	-0.61%+0.09%	-3.87%-0.38%	-2.06%+0.64%	-1.54%+1.13%	+13.46%+9.28%	+2.26%+7.37%
Flows	MINO SUB	+$125M+$1.05B	+$180M+$1.51B	+$441M+$2.50B	+$528M+$2.84B	+$817M+$3.82B	+$866M+$6.63B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MINO SUB	+5.61%+1.90%	+3.40%+1.15%	+3.98%+1.17%	+4.07%+1.22%
Max drawdown	MINO SUB	-6.24%-1.94%	-6.92%-1.94%	-6.92%-1.94%	-16.36%-3.94%
Max drawdown duration	MINO SUB	92d52d	103d52d	103d52d	1006d771d

Trading data

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	MINO	SUB
Last sale 10/19/2026 at 7:55 PM	$43.24	$105.29
Previous close 10/16/2026	$43.23	$105.28
Consolidated volume 10/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 19, 2026

1-year trailing difference

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MINO

is actively managed and doesn’t replicate an index

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	MINO	SUB
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/19/2026 at 7:55 PM

Live

Closed

	MINO	SUB
Last price	$43.24	$105.29
1D performance	+0.01%	+0.01%
AuM	$872.85 M	$12.74 B
E/R	0.49%	0.07%

Characteristics

	MINO	SUB
Management strategy	Active	Passive
Provider	PIMCO	iShares
Benchmark	-	ICE Short Maturity AMT-Free US National Municipal Index
N° of holdings	116	1169
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	September 8, 2021	November 5, 2008
ESG	No	No

More MINO data on Trackinsight

More SUB data on Trackinsight

Exposure

Countries

MINO

USA

46.28%

Other

53.72%

SUB

USA

46.89%

Other

53.11%

Sectors

MINO

Municipal

44.65%

Other

55.35%

SUB

Municipal

46.88%

Other

53.12%

Diversification

MINO

Total weight of top 15 holdings out of 15

17.47%

SUB

Total weight of top 15 holdings out of 15

3.97%

Top 15 holdings

Data as of August 31, 2026

MINO

US20775DTS17

1.90%

USA, Notes 4.25% 31jul2028, USD (BE-2028)

1.63%

Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A)

1.49%

New York Transitional Finance Authority, 5.25% 1may2048, USD (2025D)

1.27%

US544446BA48

1.22%

US60412AM678

1.05%

Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)

1.05%

Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026)

1.03%

US882118AS16

1.02%

Black Belt Energy Gas District, 5% 1jan2034, USD (2026)

0.99%

Cuyahoga, 5% 1dec2051, USD (2026)

0.98%

US590545J420

0.98%

US5755793L99

0.97%

US45204FAH82

0.95%

US87638QSL40

0.95%

SUB

US13063EUS35

0.44%

New Jersey Economic Development Authority, 5% 1mar2028, USD (2023)

0.36%

US64972JWP91

0.33%

New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)

0.27%

US13063EDB92

0.26%

US89602RPH20

0.25%

Empire State Development Corp., 5% 15sep2028, USD (2022A)

0.25%

US91412HWB58

0.24%

US646140JM63

0.24%

California, 5% 1nov2027, USD

0.23%

California, 5% 1apr2029, USD

0.23%

US812643H643

0.23%

US373385QU02

0.22%

City of New York, FRN 1feb2056, USD (2026)

0.22%

US207758Y563

0.20%

Frequently asked questions about MINO and SUB

How have the MINO and SUB ETFs performed in 2026?

As of October 16, 2026, MINO is down -2.06% year-to-date (YTD), while SUB has returned 0.64%. That puts SUB better performer ahead so far this year.

Which ETF is attracting more investor money: MINO or SUB?

Year-to-date, the MINO ETF saw +$441M in flows, compared to +$2.50B for SUB.

Which ETF is more volatile: MINO or SUB?

Over the past year, MINO had a volatility of 3.4%, while SUB experienced 1.15%.

Which ETF is bigger: MINO or SUB?

As of October 16, 2026, MINO holds $872.85 M in assets under management (AUM), while SUB manages $12.74 B.

What sectors do the MINO and SUB ETFs invest in?

MINO leans toward sectors like Municipal. Meanwhile, SUB focuses on Municipal.

What are the top holdings of the MINO ETF and SUB ETF?

MINO top holdings include US20775DTS17, USA, Notes 4.25% 31jul2028, USD (BE-2028) and Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A). SUB holds in its top three: US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91.

Which ETF is more diversified: MINO or SUB?

MINO holds 281 securities with 17.47% of its assets in the top 15. SUB has 2884 securities and a top 15 weight of 3.97%.

Investing in Municipal Bond ETFs

October 24, 2022

SUB

MINOvsSUBETF Comparison

PIMCO Municipal Income Opportunities Active ETF

iShares Short-Term National Muni Bond ETF

MINO vs SUB performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the MINO and SUB ETFs performed in 2026?

As of October 16, 2026, MINO is down -2.06% year-to-date (YTD), while SUB has returned 0.64%. That puts SUB better performer ahead so far this year.

Which ETF is attracting more investor money: MINO or SUB?

Year-to-date, the MINO ETF saw +$441M in flows, compared to +$2.50B for SUB.

Which ETF is more volatile: MINO or SUB?

Over the past year, MINO had a volatility of 3.4%, while SUB experienced 1.15%.

Which ETF is bigger: MINO or SUB?

As of October 16, 2026, MINO holds $872.85 M in assets under management (AUM), while SUB manages $12.74 B.

What sectors do the MINO and SUB ETFs invest in?

MINO leans toward sectors like Municipal. Meanwhile, SUB focuses on Municipal.

What are the top holdings of the MINO ETF and SUB ETF?

MINO top holdings include US20775DTS17, USA, Notes 4.25% 31jul2028, USD (BE-2028) and Georgia Municipal Electric Authority, 5% 1jan2049, USD (2019A). SUB holds in its top three: US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91.

Which ETF is more diversified: MINO or SUB?

MINO holds 281 securities with 17.47% of its assets in the top 15. SUB has 2884 securities and a top 15 weight of 3.97%.

Investing in Municipal Bond ETFs

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