CCBI.TO vs. PMIF.TO
Compare and contrast key facts about CIBC Canadian Bond Index ETF (CCBI.TO) and PIMCO Monthly Income Fund (Canada) (PMIF.TO).
CCBI.TO and PMIF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCBI.TO or PMIF.TO.
Correlation
The correlation between CCBI.TO and PMIF.TO is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CCBI.TO vs. PMIF.TO - Performance Comparison
Key characteristics
CCBI.TO:
1.03
PMIF.TO:
1.91
CCBI.TO:
1.54
PMIF.TO:
2.88
CCBI.TO:
1.19
PMIF.TO:
1.36
CCBI.TO:
0.51
PMIF.TO:
3.53
CCBI.TO:
5.06
PMIF.TO:
8.76
CCBI.TO:
1.25%
PMIF.TO:
0.81%
CCBI.TO:
6.12%
PMIF.TO:
3.72%
CCBI.TO:
-17.72%
PMIF.TO:
-18.30%
CCBI.TO:
-5.36%
PMIF.TO:
0.00%
Returns By Period
In the year-to-date period, CCBI.TO achieves a 0.13% return, which is significantly lower than PMIF.TO's 1.57% return.
CCBI.TO
0.13%
0.30%
1.30%
6.67%
N/A
N/A
PMIF.TO
1.57%
1.31%
2.17%
7.08%
2.44%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CCBI.TO vs. PMIF.TO - Expense Ratio Comparison
Risk-Adjusted Performance
CCBI.TO vs. PMIF.TO — Risk-Adjusted Performance Rank
CCBI.TO
PMIF.TO
CCBI.TO vs. PMIF.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Canadian Bond Index ETF (CCBI.TO) and PIMCO Monthly Income Fund (Canada) (PMIF.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CCBI.TO vs. PMIF.TO - Dividend Comparison
CCBI.TO's dividend yield for the trailing twelve months is around 2.83%, less than PMIF.TO's 6.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
CCBI.TO CIBC Canadian Bond Index ETF | 2.83% | 2.85% | 2.78% | 2.60% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% |
PMIF.TO PIMCO Monthly Income Fund (Canada) | 6.81% | 6.95% | 6.06% | 3.73% | 3.22% | 3.58% | 3.80% | 3.51% | 0.59% |
Drawdowns
CCBI.TO vs. PMIF.TO - Drawdown Comparison
The maximum CCBI.TO drawdown since its inception was -17.72%, roughly equal to the maximum PMIF.TO drawdown of -18.30%. Use the drawdown chart below to compare losses from any high point for CCBI.TO and PMIF.TO. For additional features, visit the drawdowns tool.
Volatility
CCBI.TO vs. PMIF.TO - Volatility Comparison
CIBC Canadian Bond Index ETF (CCBI.TO) has a higher volatility of 2.49% compared to PIMCO Monthly Income Fund (Canada) (PMIF.TO) at 1.79%. This indicates that CCBI.TO's price experiences larger fluctuations and is considered to be riskier than PMIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.