CVE.TO vs. PMIF.TO
CVE.TO (Cenovus Energy Inc.) is a stock, while PMIF.TO (PIMCO Monthly Income Fund (Canada)) is fund fund. Over the past 5 years, CVE.TO returned 27.74%/yr vs 3.30%/yr for PMIF.TO. At a correlation of -0.02, they often move in opposite directions.
Performance
CVE.TO vs. PMIF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CVE.TO achieves a 54.88% return, which is significantly higher than PMIF.TO's 1.21% return.
CVE.TO
- 1D
- 1.05%
- 1M
- -6.10%
- YTD
- 54.88%
- 6M
- 55.55%
- 1Y
- 95.55%
- 3Y*
- 20.17%
- 5Y*
- 27.74%
- 10Y*
- 9.30%
PMIF.TO
- 1D
- 0.17%
- 1M
- 0.86%
- YTD
- 1.21%
- 6M
- 1.02%
- 1Y
- 5.96%
- 3Y*
- 6.64%
- 5Y*
- 3.30%
- 10Y*
- —
CVE.TO vs. PMIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVE.TO Cenovus Energy Inc. | 54.88% | 10.53% | 2.13% | -14.07% | 72.44% | 101.53% | -40.39% | 39.99% | -14.88% | -7.85% |
PMIF.TO PIMCO Monthly Income Fund (Canada) | 1.21% | 9.04% | 5.20% | 7.55% | -6.32% | 1.90% | 3.93% | 7.09% | 0.59% | 0.49% |
Correlation
The correlation between CVE.TO and PMIF.TO is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2017 | -0.02 |
Over the past year, the inverse relationship between CVE.TO and PMIF.TO has strengthened: their correlation has moved from -0.02 to -0.27, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
CVE.TO vs. PMIF.TO — Risk / Return Rank
CVE.TO
PMIF.TO
CVE.TO vs. PMIF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cenovus Energy Inc. (CVE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CVE.TO | PMIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.31 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.91 | 1.86 | +3.05 |
| Martin ratioReturn relative to average drawdown | 15.90 | 6.75 | +9.14 |
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Drawdowns
CVE.TO vs. PMIF.TO - Drawdown Comparison
The maximum CVE.TO drawdown since its inception was -92.84%, which is greater than PMIF.TO's maximum drawdown of -18.30%. Use the drawdown chart below to compare losses from any high point for CVE.TO and PMIF.TO.
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Drawdown Indicators
| CVE.TO | PMIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.84% | -18.30% | -74.54% |
Max Drawdown (1Y)Largest decline over 1 year | -19.55% | -3.22% | -16.33% |
Max Drawdown (3Y)Largest decline over 3 years | -47.23% | -3.98% | -43.25% |
Max Drawdown (5Y)Largest decline over 5 years | -47.23% | -10.25% | -36.98% |
Max Drawdown (10Y)Largest decline over 10 years | -88.58% | — | — |
Current DrawdownCurrent decline from peak | -18.22% | -0.11% | -18.11% |
Average DrawdownAverage peak-to-trough decline | -34.52% | -1.87% | -32.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | 0.88% | +5.15% |
Volatility
CVE.TO vs. PMIF.TO - Volatility Comparison
Cenovus Energy Inc. (CVE.TO) has a higher volatility of 11.22% compared to PIMCO Monthly Income Fund (Canada) (PMIF.TO) at 1.12%. This indicates that CVE.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.
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Volatility by Period
| CVE.TO | PMIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.22% | 1.12% | +10.10% |
Volatility (6M)Calculated over the trailing 6-month period | 27.23% | 3.02% | +24.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.80% | 3.60% | +31.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.14% | 4.81% | +33.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.94% | 5.81% | +42.13% |
Dividends
CVE.TO vs. PMIF.TO - Dividend Comparison
CVE.TO's dividend yield for the trailing twelve months is around 2.31%, less than PMIF.TO's 5.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVE.TO Cenovus Energy Inc. | 2.31% | 3.36% | 3.74% | 2.38% | 1.77% | 0.56% | 0.81% | 1.61% | 2.08% | 1.74% | 0.99% | 4.87% |
PMIF.TO PIMCO Monthly Income Fund (Canada) | 5.49% | 5.50% | 6.96% | 6.06% | 3.73% | 3.22% | 3.58% | 3.80% | 3.51% | 0.59% | 0.00% | 0.00% |
Frequently Asked Questions
CVE.TO and PMIF.TO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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