PLDI.TO vs. PMNT.TO
PLDI.TO (PIMCO Low Duration Monthly Income Fund (Canada)) and PMNT.TO (PIMCO Global Short Maturity Fund (Canada)) are both exchange-traded funds - PLDI.TO is a Short-Term Bond fund actively managed by PIMCO Canada Corp., while PMNT.TO is a Ultrashort Bond fund actively managed by PIMCO Canada Corp.. Both are actively managed. Over the past 5 years, PLDI.TO returned 2.95%/yr vs 2.97%/yr for PMNT.TO. At a 0.07 correlation, their price movements are largely independent. PLDI.TO charges 0.87%/yr vs 0.39%/yr for PMNT.TO.
Performance
PLDI.TO vs. PMNT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PLDI.TO achieves a -0.39% return, which is significantly lower than PMNT.TO's 1.64% return.
PLDI.TO
- 1D
- -0.27%
- 1M
- -1.07%
- 6M
- -0.28%
- YTD
- -0.39%
- 1Y
- 2.68%
- 3Y*
- 4.89%
- 5Y*
- 2.95%
- 10Y*
- —
- ALL TIME*
- 3.24%
PMNT.TO
- 1D
- 0.10%
- 1M
- 0.15%
- 6M
- 1.35%
- YTD
- 1.64%
- 1Y
- 2.52%
- 3Y*
- 4.19%
- 5Y*
- 2.97%
- 10Y*
- —
- ALL TIME*
- 2.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$140.89K | CA$154.04K | CA$132.61K | |
| CA$53.98K | CA$50.33K | CA$54.94K |
PLDI.TO vs. PMNT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PLDI.TO PIMCO Low Duration Monthly Income Fund (Canada) | -0.39% | 6.61% | 5.93% | 5.62% | -2.88% | 2.21% | 3.11% | 4.33% |
PMNT.TO PIMCO Global Short Maturity Fund (Canada) | 1.64% | 3.11% | 5.26% | 5.42% | -0.37% | 0.35% | 1.21% | 2.11% |
Correlation
The correlation between PLDI.TO and PMNT.TO is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.07 |
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Return for Risk
PLDI.TO vs. PMNT.TO — Risk / Return Rank
PLDI.TO
PMNT.TO
PLDI.TO vs. PMNT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) and PIMCO Global Short Maturity Fund (Canada) (PMNT.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.
| PLDI.TO | PMNT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.36 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 4.02 | -2.70 |
| Martin ratioReturn relative to average drawdown | 3.91 | 13.37 | -9.46 |
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Drawdowns
PLDI.TO vs. PMNT.TO - Drawdown Comparison
The maximum PLDI.TO drawdown since its inception was -6.86%, roughly equal to the maximum PMNT.TO drawdown of -6.81%. Use the drawdown chart below to compare losses from any high point for PLDI.TO and PMNT.TO.
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Drawdown Indicators
| PLDI.TO | PMNT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -6.81% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -0.63% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -2.55% | -1.15% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -5.56% | -1.94% | -3.62% |
Current DrawdownCurrent decline from peak | -1.18% | 0.00% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -0.36% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.20% | +0.49% |
Volatility
PLDI.TO vs. PMNT.TO - Volatility Comparison
PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) has a higher volatility of 1.11% compared to PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) at 0.23%. This indicates that PLDI.TO's price experiences larger fluctuations and is considered to be riskier than PMNT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLDI.TO | PMNT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.23% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 0.70% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 1.77% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 2.13% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.24% | 3.18% | +1.06% |
PLDI.TO vs. PMNT.TO - Expense Ratio Comparison
PLDI.TO has a 0.87% expense ratio, which is higher than PMNT.TO's 0.39% expense ratio.
Dividends
PLDI.TO vs. PMNT.TO - Dividend Comparison
PLDI.TO's dividend yield for the trailing twelve months is around 3.56%, less than PMNT.TO's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PLDI.TO PIMCO Low Duration Monthly Income Fund (Canada) | 3.56% | 4.36% | 7.04% | 5.80% | 3.29% | 2.04% | 4.78% | 2.50% |
PMNT.TO PIMCO Global Short Maturity Fund (Canada) | 4.38% | 4.65% | 5.48% | 4.92% | 2.60% | 1.17% | 2.68% | 2.09% |
Frequently Asked Questions
PLDI.TO and PMNT.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PMNT.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PMNT.TO is cheaper with a 0.39% expense ratio, compared with 0.87% for PLDI.TO.
PLDI.TO is categorized as Short-Term Bond, while PMNT.TO is Ultrashort Bond. Their fees differ too: 0.87% for PLDI.TO and 0.39% for PMNT.TO.
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