CMR.TO vs. PFL
CMR.TO (iShares Premium Money Market ETF) and PFL (PIMCO Income Strategy Fund) are both funds - CMR.TO is a Money Market fund actively managed by iShares, while PFL is a Multisector Bonds fund actively managed by PIMCO. Both are actively managed. Over the past 10 years, CMR.TO returned 1.89%/yr vs 8.65%/yr for PFL. At a correlation of -0.02, they often move in opposite directions.
Performance
CMR.TO vs. PFL - Performance Comparison
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Different Trading Currencies
CMR.TO is traded in CAD, while PFL is traded in USD. To make them comparable, the PFL values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMR.TO achieves a 0.97% return, which is significantly higher than PFL's -3.06% return. Over the past 10 years, CMR.TO has underperformed PFL with an annualized return of 1.89%, while PFL has yielded a comparatively higher 8.65% annualized return.
CMR.TO
- 1D
- 0.00%
- 1M
- 0.19%
- YTD
- 0.97%
- 6M
- 1.05%
- 1Y
- 2.37%
- 3Y*
- 3.73%
- 5Y*
- 2.94%
- 10Y*
- 1.89%
PFL
- 1D
- -0.88%
- 1M
- -1.58%
- YTD
- -3.06%
- 6M
- -4.41%
- 1Y
- 4.46%
- 3Y*
- 11.71%
- 5Y*
- 3.72%
- 10Y*
- 8.65%
CMR.TO vs. PFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 0.97% | 2.68% | 4.70% | 4.70% | 1.71% | 0.00% | 0.47% | 1.63% | 1.29% | 0.63% |
PFL PIMCO Income Strategy Fund | -3.06% | 7.84% | 21.09% | 14.71% | -12.07% | 3.67% | 5.30% | 13.77% | 10.71% | 13.54% |
Correlation
The correlation between CMR.TO and PFL is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | -0.02 |
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Return for Risk
CMR.TO vs. PFL — Risk / Return Rank
CMR.TO
PFL
CMR.TO vs. PFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Premium Money Market ETF (CMR.TO) and PIMCO Income Strategy Fund (PFL). 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.
| CMR.TO | PFL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.14 | ||
| Sortino ratioReturn per unit of downside risk | +20.40 | ||
| Omega ratioGain probability vs. loss probability | 9.57 | 1.10 | +8.47 |
| Calmar ratioReturn relative to maximum drawdown | 25.44 | 0.60 | +24.83 |
| Martin ratioReturn relative to average drawdown | 187.33 | 1.93 | +185.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMR.TO | PFL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.61 | 0.46 | +10.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 10.67 | 0.28 | +10.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 7.02 | 0.49 | +6.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.84 | 0.69 | +3.15 |
Drawdowns
CMR.TO vs. PFL - Drawdown Comparison
The maximum CMR.TO drawdown since its inception was -0.52%, smaller than the maximum PFL drawdown of -43.44%. Use the drawdown chart below to compare losses from any high point for CMR.TO and PFL.
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Drawdown Indicators
| CMR.TO | PFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -43.44% | +42.92% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -7.43% | +7.34% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -11.64% | +11.55% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | -31.19% | +31.10% |
Max Drawdown (10Y)Largest decline over 10 years | -0.14% | -43.44% | +43.30% |
Current DrawdownCurrent decline from peak | -0.02% | -5.09% | +5.07% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -6.73% | +6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.31% | -2.30% |
Volatility
CMR.TO vs. PFL - Volatility Comparison
The current volatility for iShares Premium Money Market ETF (CMR.TO) is 0.05%, while PIMCO Income Strategy Fund (PFL) has a volatility of 2.62%. This indicates that CMR.TO experiences smaller price fluctuations and is considered to be less risky than PFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMR.TO | PFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 2.62% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 8.13% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.22% | 9.66% | -9.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 13.44% | -13.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 17.66% | -17.39% |
Dividends
CMR.TO vs. PFL - Dividend Comparison
CMR.TO's dividend yield for the trailing twelve months is around 2.48%, less than PFL's 12.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMR.TO iShares Premium Money Market ETF | 2.48% | 2.81% | 4.56% | 4.64% | 1.62% | 0.00% | 0.47% | 1.60% | 1.33% | 0.61% | 0.43% | 0.48% |
PFL PIMCO Income Strategy Fund | 12.72% | 11.59% | 11.66% | 11.57% | 12.04% | 9.53% | 9.44% | 9.11% | 9.94% | 9.25% | 10.22% | 11.09% |
Frequently Asked Questions
CMR.TO and PFL have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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