FCUV.TO vs. PMIF.TO

Last updated Jun 4, 2026

FCUV.TO (Fidelity U.S. Value ETF) and PMIF.TO (PIMCO Monthly Income Fund (Canada)) are both exchange-traded funds - FCUV.TO is a Large Cap Value Equities fund tracking the Fidelity Canada U.S. Value Index, while PMIF.TO is a fund fund. Over the past 5 years, FCUV.TO returned 21.89%/yr vs 3.16%/yr for PMIF.TO. At a 0.10 correlation, their price movements are largely independent.

Performance

FCUV.TO vs. PMIF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity U.S. Value ETF (FCUV.TO) and PIMCO Monthly Income Fund (Canada) (PMIF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCUV.TO achieves a 15.14% return, which is significantly higher than PMIF.TO's 0.10% return.

FCUV.TO

• 1D: 0.33%
• 1M: 8.58%
• YTD: 15.14%
• 6M: 12.61%
• 1Y: 34.52%
• 3Y*: 26.57%
• 5Y*: 21.89%
• 10Y*: —

PMIF.TO

• 1D: -0.17%
• 1M: 0.49%
• YTD: 0.10%
• 6M: 0.42%
• 1Y: 6.74%
• 3Y*: 6.44%
• 5Y*: 3.16%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCUV.TO vs. PMIF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FCUV.TO Fidelity U.S. Value ETF	15.14%	14.80%	35.81%	19.98%	2.58%	38.55%	10.80%
PMIF.TO PIMCO Monthly Income Fund (Canada)	0.10%	9.01%	5.20%	7.58%	-6.32%	1.90%	6.13%

Correlation

The correlation between FCUV.TO and PMIF.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020	0.10

The correlation between FCUV.TO and PMIF.TO shifts across timeframes, from 0.10 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

FCUV.TO vs. PMIF.TO - Sectors Allocation Comparison

Sectors	FCUV.TO	PMIF.TO
Technology	27.5%	-
Financial Services	18.8%	32.4%
Consumer Cyclical	15.3%	-
Industrials	14.1%	-
Basic Materials	9.2%	-
Utilities	8.5%	-
Communication Services	3.6%	12.1%
Healthcare	3.0%	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	55.5%

Return for Risk

FCUV.TO vs. PMIF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCUV.TO

FCUV.TO Risk / Return Rank: 79
FCUV.TO Sharpe Ratio Rank: 75
FCUV.TO Sortino Ratio Rank: 73
FCUV.TO Omega Ratio Rank: 73
FCUV.TO Calmar Ratio Rank: 88
FCUV.TO Martin Ratio Rank: 86

PMIF.TO

PMIF.TO Risk / Return Rank: 52
PMIF.TO Sharpe Ratio Rank: 56
PMIF.TO Sortino Ratio Rank: 57
PMIF.TO Omega Ratio Rank: 58
PMIF.TO Calmar Ratio Rank: 42
PMIF.TO Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCUV.TO vs. PMIF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Value ETF (FCUV.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.

	FCUV.TO	PMIF.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.46	1.93	+0.53
Sortino ratio: Return per unit of downside risk	3.33	2.77	+0.56
Omega ratio: Gain probability vs. loss probability	1.44	1.36	+0.08
Calmar ratio: Return relative to maximum drawdown	5.18	2.10	+3.07
Martin ratio: Return relative to average drawdown	18.28	7.96	+10.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCUV.TO vs. PMIF.TO - Sharpe Ratio Comparison

The current FCUV.TO Sharpe Ratio is 2.46, which is comparable to the PMIF.TO Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of FCUV.TO and PMIF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FCUV.TO	PMIF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	1.93	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.45	0.66	+0.79
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	0.57	+0.98

Drawdowns

FCUV.TO vs. PMIF.TO - Drawdown Comparison

The maximum FCUV.TO drawdown since its inception was -16.47%, smaller than the maximum PMIF.TO drawdown of -18.30%. Use the drawdown chart below to compare losses from any high point for FCUV.TO and PMIF.TO.

Drawdown Indicators

	FCUV.TO	PMIF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.47%	-18.30%	+1.83%
Max Drawdown (1Y) Largest decline over 1 year	-6.70%	-3.22%	-3.48%
Max Drawdown (3Y) Largest decline over 3 years	-16.47%	-3.98%	-12.49%
Max Drawdown (5Y) Largest decline over 5 years	-16.47%	-10.25%	-6.22%
Current Drawdown Current decline from peak	-1.17%	-1.21%	+0.04%
Average Drawdown Average peak-to-trough decline	-2.52%	-1.88%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	0.85%	+1.05%

Volatility

FCUV.TO vs. PMIF.TO - Volatility Comparison

Fidelity U.S. Value ETF (FCUV.TO) has a higher volatility of 5.31% compared to PIMCO Monthly Income Fund (Canada) (PMIF.TO) at 1.64%. This indicates that FCUV.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.

Volatility by Period

	FCUV.TO	PMIF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	1.64%	+3.67%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	2.89%	+8.06%
Volatility (1Y) Calculated over the trailing 1-year period	14.13%	3.52%	+10.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.14%	4.79%	+10.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.72%	5.83%	+8.89%

Dividends

FCUV.TO vs. PMIF.TO - Dividend Comparison

FCUV.TO's dividend yield for the trailing twelve months is around 0.91%, less than PMIF.TO's 5.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCUV.TO Fidelity U.S. Value ETF	0.91%	1.13%	1.03%	1.42%	2.71%	1.40%	1.14%	0.00%	0.00%	0.00%
PMIF.TO PIMCO Monthly Income Fund (Canada)	5.42%	5.50%	6.95%	6.06%	3.73%	3.22%	3.58%	3.80%	3.51%	0.59%

Frequently Asked Questions

Can I hold both FCUV.TO and PMIF.TO in my portfolio?

FCUV.TO and PMIF.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.