NNRG.NEO vs. PMIF-U.TO

Last updated Jun 5, 2026

NNRG.NEO (Ninepoint Energy ETF) and PMIF-U.TO (PIMCO Monthly Income Fund (Canada)) are both exchange-traded funds - NNRG.NEO is a Energy Equities fund tracking the S&P/TSX Capped Energy Total Return Index, while PMIF-U.TO is a Multisector Bonds fund actively managed by PIMCO. NNRG.NEO is passively managed, while PMIF-U.TO is actively managed. Over the past 5 years, NNRG.NEO returned 34.11%/yr vs 5.57%/yr for PMIF-U.TO. At a correlation of -0.28, they often move in opposite directions. NNRG.NEO charges 1.79%/yr vs 0.84%/yr for PMIF-U.TO.

Performance

NNRG.NEO vs. PMIF-U.TO - Performance Comparison

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

Different Trading Currencies

NNRG.NEO is traded in CAD, while PMIF-U.TO is traded in USD. To make them comparable, the PMIF-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NNRG.NEO achieves a 47.23% return, which is significantly higher than PMIF-U.TO's 1.93% return.

NNRG.NEO

• 1D: 1.12%
• 1M: -0.66%
• YTD: 47.23%
• 6M: 39.75%
• 1Y: 71.20%
• 3Y*: 26.98%
• 5Y*: 34.11%
• 10Y*: —

PMIF-U.TO

• 1D: 0.20%
• 1M: 2.60%
• YTD: 1.93%
• 6M: 0.37%
• 1Y: 8.51%
• 3Y*: 7.36%
• 5Y*: 5.57%
• 10Y*: —

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

NNRG.NEO vs. PMIF-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NNRG.NEO Ninepoint Energy ETF	47.23%	19.14%	13.26%	-4.21%	66.18%	55.91%
PMIF-U.TO PIMCO Monthly Income Fund (Canada)	1.93%	4.02%	12.75%	4.86%	-1.40%	5.95%

Correlation

The correlation between NNRG.NEO and PMIF-U.TO is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	-0.15
Correlation (5Y) Calculated over the trailing 5-year period	-0.27
Correlation (All Time) Calculated using the full available price history since May 12, 2021	-0.28

The correlation between NNRG.NEO and PMIF-U.TO shifts across timeframes, from -0.28 (all time) to -0.14 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NNRG.NEO vs. PMIF-U.TO — Risk / Return Rank

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

NNRG.NEO

NNRG.NEO Risk / Return Rank: 83
NNRG.NEO Sharpe Ratio Rank: 88
NNRG.NEO Sortino Ratio Rank: 78
NNRG.NEO Omega Ratio Rank: 81
NNRG.NEO Calmar Ratio Rank: 93
NNRG.NEO Martin Ratio Rank: 74

PMIF-U.TO

PMIF-U.TO Risk / Return Rank: 56
PMIF-U.TO Sharpe Ratio Rank: 60
PMIF-U.TO Sortino Ratio Rank: 65
PMIF-U.TO Omega Ratio Rank: 62
PMIF-U.TO Calmar Ratio Rank: 43
PMIF-U.TO Martin Ratio Rank: 49

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.

NNRG.NEO vs. PMIF-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Energy ETF (NNRG.NEO) and PIMCO Monthly Income Fund (Canada) (PMIF-U.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.

	NNRG.NEO	PMIF-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.92	1.66	+1.26
Sortino ratio: Return per unit of downside risk	3.45	2.49	+0.97
Omega ratio: Gain probability vs. loss probability	1.48	1.30	+0.18
Calmar ratio: Return relative to maximum drawdown	6.60	2.39	+4.21
Martin ratio: Return relative to average drawdown	13.91	5.49	+8.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NNRG.NEO vs. PMIF-U.TO - Sharpe Ratio Comparison

The current NNRG.NEO Sharpe Ratio is 2.92, which is higher than the PMIF-U.TO Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of NNRG.NEO and PMIF-U.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

	NNRG.NEO	PMIF-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	1.66	+1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.83	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.59	+0.49

Drawdowns

NNRG.NEO vs. PMIF-U.TO - Drawdown Comparison

The maximum NNRG.NEO drawdown since its inception was -35.78%, which is greater than PMIF-U.TO's maximum drawdown of -12.80%. Use the drawdown chart below to compare losses from any high point for NNRG.NEO and PMIF-U.TO.

Drawdown Indicators

	NNRG.NEO	PMIF-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.78%	-12.80%	-22.98%
Max Drawdown (1Y) Largest decline over 1 year	-10.84%	-3.57%	-7.27%
Max Drawdown (3Y) Largest decline over 3 years	-23.52%	-6.47%	-17.05%
Max Drawdown (5Y) Largest decline over 5 years	-35.78%	-8.75%	-27.03%
Current Drawdown Current decline from peak	-3.63%	-0.58%	-3.05%
Average Drawdown Average peak-to-trough decline	-9.58%	-2.69%	-6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	1.55%	+3.59%

Volatility

NNRG.NEO vs. PMIF-U.TO - Volatility Comparison

Ninepoint Energy ETF (NNRG.NEO) has a higher volatility of 10.30% compared to PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) at 1.29%. This indicates that NNRG.NEO's price experiences larger fluctuations and is considered to be riskier than PMIF-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NNRG.NEO	PMIF-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.30%	1.29%	+9.01%
Volatility (6M) Calculated over the trailing 6-month period	20.65%	3.79%	+16.86%
Volatility (1Y) Calculated over the trailing 1-year period	24.55%	5.14%	+19.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.60%	7.65%	+26.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.55%	8.92%	+25.63%

NNRG.NEO vs. PMIF-U.TO - Expense Ratio Comparison

NNRG.NEO has a 1.79% expense ratio, which is higher than PMIF-U.TO's 0.84% expense ratio.

Dividends

NNRG.NEO vs. PMIF-U.TO - Dividend Comparison

NNRG.NEO's dividend yield for the trailing twelve months is around 0.51%, less than PMIF-U.TO's 3.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NNRG.NEO Ninepoint Energy ETF	0.51%	0.37%	0.39%	0.38%	9.08%	1.92%	0.00%	0.00%	0.00%
PMIF-U.TO PIMCO Monthly Income Fund (Canada)	3.93%	3.96%	4.91%	4.53%	2.82%	2.40%	2.68%	2.38%	0.59%

Frequently Asked Questions

Can I hold both NNRG.NEO and PMIF-U.TO in my portfolio?

NNRG.NEO and PMIF-U.TO have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NNRG.NEO or PMIF-U.TO?

On fees, PMIF-U.TO is cheaper at 0.84% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NNRG.NEO or PMIF-U.TO?

PMIF-U.TO is cheaper with a 0.84% expense ratio, compared with 1.79% for NNRG.NEO.

What is the main difference between NNRG.NEO and PMIF-U.TO?

NNRG.NEO is categorized as Energy Equities, while PMIF-U.TO is Multisector Bonds. They also come from different issuers: Ninepoint and PIMCO. Their fees differ too: 1.79% for NNRG.NEO and 0.84% for PMIF-U.TO.