IJH vs. MINT: What’s The Difference?

The iShares Core S&P Mid-Cap ETF (IJH) and the PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (MINT) are both among the Top 100 ETFs. IJH is a iShares Mid-Cap Blend fund and MINT is a PIMCO Ultrashort Bond fund. So, what’s the difference between IJH and MINT? And which fund is better?

The expense ratio of IJH is 0.31 percentage points lower than MINT’s (0.05% vs. 0.36%). IJH also has a high exposure to the industrials sector while MINT is mostly comprised of Others bonds. Overall, IJH has provided higher returns than MINT over the past ten years.

In this article, we’ll compare IJH vs. MINT. We’ll look at risk metrics and industry exposure, as well as at their portfolio growth and fund composition. Moreover, I’ll also discuss IJH’s and MINT’s performance, annual returns, and holdings and examine how these affect their overall returns.

Summary

IJH MINT
Name iShares Core S&P Mid-Cap ETF PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
Category Mid-Cap Blend Ultrashort Bond
Issuer iShares PIMCO
AUM 63.4B 14.02B
Avg. Return 13.50% 1.52%
Div. Yield 1.07% 0.56%
Expense Ratio 0.05% 0.36%

The iShares Core S&P Mid-Cap ETF (IJH) is a Mid-Cap Blend fund that is issued by iShares. It currently has 63.4B total assets under management and has yielded an average annual return of 13.50% over the past 10 years. The fund has a dividend yield of 1.07% with an expense ratio of 0.05%.

The PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (MINT) is a Ultrashort Bond fund that is issued by PIMCO. It currently has 14.02B total assets under management and has yielded an average annual return of 1.52% over the past 10 years. The fund has a dividend yield of 0.56% with an expense ratio of 0.36%.

IJH’s dividend yield is 0.51% higher than that of MINT (1.07% vs. 0.56%). Also, IJH yielded on average 11.98% more per year over the past decade (13.50% vs. 1.52%). The expense ratio of IJH is 0.31 percentage points lower than MINT’s (0.05% vs. 0.36%).

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Fund Composition

Holdings

IJH - Holdings

IJH Holdings Weight
Bio-Techne Corp 0.8%
Molina Healthcare Inc 0.68%
Cognex Corp 0.68%
Fair Isaac Corp 0.64%
Camden Property Trust 0.62%
XPO Logistics Inc 0.6%
Masimo Corp 0.59%
SolarEdge Technologies Inc 0.57%
FactSet Research Systems Inc 0.57%
Graco Inc 0.56%

IJH’s Top Holdings are Bio-Techne Corp, Molina Healthcare Inc, Cognex Corp, Fair Isaac Corp, and Camden Property Trust at 0.8%, 0.68%, 0.68%, 0.64%, and 0.62%.

XPO Logistics Inc (0.6%), Masimo Corp (0.59%), and SolarEdge Technologies Inc (0.57%) have a slightly smaller but still significant weight. FactSet Research Systems Inc and Graco Inc are also represented in the IJH’s holdings at 0.57% and 0.56%.

MINT - Holdings

MINT Bond Sectors Weight
Others 0.0%
Below B 0.0%
B 0.0%
BB 0.0%
BBB 0.0%
A 0.0%
AA 0.0%
AAA 0.0%
US Government 0.0%

MINT’s Top Bond Sectors are ratings of Others, Below B, B, BB, and BBB at 0.0%, 0.0%, 0.0%, 0.0%, and 0.0%. The fund is less weighted towards A (0.0%), AA (0.0%), and AAA (0.0%) rated bonds.

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Risk Analysis

IJH MINT
Mean Return 1.13 0.12
R-squared 86.39 4.7
Std. Deviation 16.8 1.08
Alpha -4.01 0.62
Beta 1.15 0.08
Sharpe Ratio 0.77 0.78
Treynor Ratio 10.55 10.8

The iShares Core S&P Mid-Cap ETF (IJH) has a Mean Return of 1.13 with a R-squared of 86.39 and a Sharpe Ratio of 0.77. Its Beta is 1.15 while IJH’s Alpha is -4.01. Furthermore, the fund has a Standard Deviation of 16.8 and a Treynor Ratio of 10.55.

The PIMCO Enhanced Short Maturity Active Exchange-Traded Fund (MINT) has a Mean Return of 0.12 with a Beta of 0.08 and a R-squared of 4.7. Its Standard Deviation is 1.08 while MINT’s Sharpe Ratio is 0.78. Furthermore, the fund has a Treynor Ratio of 10.8 and a Alpha of 0.62.

IJH’s Mean Return is 1.01 points higher than that of MINT and its R-squared is 81.69 points higher. With a Standard Deviation of 16.8, IJH is slightly more volatile than MINT. The Alpha and Beta of IJH are 4.63 points lower and 1.07 points higher than MINT’s Alpha and Beta.

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Performance

Annual Returns

IJH vs. MINT - Annual Returns

Year IJH MINT
2020 13.61% 1.63%
2019 26.14% 3.3%
2018 -11.14% 1.72%
2017 16.19% 1.9%
2016 20.63% 1.99%
2015 -2.23% 0.52%
2014 9.64% 0.53%
2013 33.4% 0.72%
2012 17.76% 2.48%
2011 -1.89% 0.42%
2010 26.38% 1.72%

IJH had its best year in 2013 with an annual return of 33.4%. IJH’s worst year over the past decade yielded -11.14% and occurred in 2018. In most years the iShares Core S&P Mid-Cap ETF provided moderate returns such as in 2020, 2017, and 2012 where annual returns amounted to 13.61%, 16.19%, and 17.76% respectively.

The year 2019 was the strongest year for MINT, returning 3.3% on an annual basis. The poorest year for MINT in the last ten years was 2011, with a yield of 0.42%. Most years the PIMCO Enhanced Short Maturity Active Exchange-Traded Fund has given investors modest returns, such as in 2020, 2018, and 2010, when gains were 1.63%, 1.72%, and 1.72% respectively.

Portfolio Growth

IJH vs. MINT - Portfolio Growth

Fund Initial Balance Final Balance CAGR
IJH $10,000 $29,487 13.50%
MINT $10,000 $11,624 1.52%

A $10,000 investment in IJH would have resulted in a final balance of $29,487. This is a profit of $19,487 over 10 years and amounts to a compound annual growth rate (CAGR) of 13.50%.

With a $10,000 investment in MINT, the end total would have been $11,624. This equates to a $1,624 profit over 10 years and a compound annual growth rate (CAGR) of 1.52%.

IJH’s CAGR is 11.98 percentage points higher than that of MINT and as a result, would have yielded $17,863 more on a $10,000 investment. Thus, IJH outperformed MINT by 11.98% annually.


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