Mairs & Power Minnesota Municipal Bond ETF (MINN) Performance
MINN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.7% since Dec 31, 2025
- 1 year
- −1.4% total return
- 5 years
- −0.7% a year
- Since first price
- −0.6% a year since 2021
MINN trailing returns vs SPY, QQQ, AGG
| Period | MINN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.0% | +1.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.7% | −2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.9% | −4.7% | +7.8% | +8.4% | −1.5% |
| YTD | −2.7% | −5.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −1.4% | −4.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +13.2%+4.2%/yr | +3.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −3.4%−0.7%/yr | −14.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMar 12, 2021 | −3.6%−0.6%/yr | −14.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MINN vs SPY
From Mar 12, 2021: MINN grew to $9,643, SPY to $20,822.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MINN returns by calendar year
3 of 4 full years positive. Best 2025 (+5.6%), worst 2022 (−12.3%). 2026 is year to date.
MINN annual returns table
| Year | MINN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −2.7% | −8.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.6% | −4.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +0.2% | −3.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.4% | −8.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.3% | −17.5% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MINN largest drawdowns
Now 5.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 19, 2021 | −18.4% | Oct 31, 2022 | not yet | 1.3 years | 5.3 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MINN risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +2.7% | −1.5% | −1.4% |
| Volatility (annualized) | 6.6% | 8.3% | 7.9% |
| Sharpe ratio | -0.22 | -0.58 | -0.55 |
| Sortino ratio | -0.32 | -0.75 | -0.71 |
| Best month | +7.0% | +7.0% | +7.0% |
| Worst month | −4.9% | −4.9% | −4.9% |
| Best 12 months | +11.2% | +11.2% | +11.2% |
| Worst 12 months | −4.2% | −16.7% | −16.7% |
| Positive months | 58% | 52% | 53% |
| Beta vs S&P 500 | 0.32 | 0.35 | — |
| Correlation with S&P 500 | 0.60 | 0.66 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MINN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 56 | −16.7% | +1.8% | +11.2% | 70% |
| 3-year (a year) | 32 | −3.5% | +2.0% | +5.4% | 62% |
| 5-year (a year) | 8 | −1.5% | −0.6% | −0.2% | 0% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
MINN performance overview
Mairs & Power Minnesota Municipal Bond ETF (MINN) returned −1.4% over the past year and −0.7% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned −0.6% a year, turning $10,000 into about $9,643. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.4%, from Jul 19, 2021 to Oct 31, 2022; the fund has not yet regained that high. MINN finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+5.6%) and the worst 2022 (−12.3%). Volatility has been 7.9% a year.
Related: MINN chart, MINN dividends. See the MINN overview for the latest quote and fund facts.
MINN performance FAQ
What is the MINN return over the past year?
MINN returned −1.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.6%.
What is the average annual return of MINN?
MINN has returned −0.7% a year over 5 years, −0.6% a year since March 12, 2021 (total return, distributions reinvested).
How much would $10,000 invested in MINN be worth?
$10,000 invested in MINN at its first recorded close on March 12, 2021 would be worth about $9,643 on October 23, 2026 with distributions reinvested.
What was the worst year for MINN?
The worst calendar year was 2022, with a total return of −12.3%. The best was 2025 at +5.6%.
What is the biggest drawdown of MINN?
The largest peak-to-trough decline was −18.4% between July 19, 2021 and October 31, 2022. It has not yet recovered to that high; it is 5.6% below its peak.
How volatile is MINN?
Over the past 3 years MINN had an annualized volatility of 6.6% and a Sharpe ratio of -0.22 (excess return over 1–3 month T-bills per unit of risk).