PMIF-U.TO vs. BBRE

Last updated Jun 26, 2026

PMIF-U.TO (PIMCO Monthly Income Fund (Canada)) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both exchange-traded funds - PMIF-U.TO is a Multisector Bonds fund actively managed by PIMCO, while BBRE is a REIT fund tracking the MSCI US REIT Index. PMIF-U.TO is actively managed, while BBRE is passively managed. Over the past year, PMIF-U.TO returned 7.99% vs 21.44% for BBRE. At a 0.26 correlation, their price movements are largely independent. PMIF-U.TO charges 0.84%/yr vs 0.11%/yr for BBRE.

Performance

PMIF-U.TO vs. BBRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMIF-U.TO achieves a 1.93% return, which is significantly lower than BBRE's 17.71% return.

PMIF-U.TO

• 1D: 0.20%
• 1M: 1.27%
• YTD: 1.93%
• 6M: 2.02%
• 1Y: 7.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBRE

• 1D: 0.53%
• 1M: 2.02%
• YTD: 17.71%
• 6M: 17.39%
• 1Y: 21.44%
• 3Y*: 12.98%
• 5Y*: 5.24%
• 10Y*: —

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

PMIF-U.TO vs. BBRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PMIF-U.TO PIMCO Monthly Income Fund (Canada)	1.93%	10.75%	5.77%	0.26%
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	17.71%	2.09%	8.24%	-0.45%

Correlation

The correlation between PMIF-U.TO and BBRE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023	0.26

Return for Risk

PMIF-U.TO vs. BBRE — Risk / Return Rank

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

PMIF-U.TO

PMIF-U.TO Risk / Return Rank: 76
PMIF-U.TO Sharpe Ratio Rank: 84
PMIF-U.TO Sortino Ratio Rank: 88
PMIF-U.TO Omega Ratio Rank: 85
PMIF-U.TO Calmar Ratio Rank: 60
PMIF-U.TO Martin Ratio Rank: 65

BBRE

BBRE Risk / Return Rank: 54
BBRE Sharpe Ratio Rank: 53
BBRE Sortino Ratio Rank: 50
BBRE Omega Ratio Rank: 48
BBRE Calmar Ratio Rank: 62
BBRE Martin Ratio Rank: 55

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.

PMIF-U.TO vs. BBRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE). 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.

	PMIF-U.TO	BBRE	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.57	+0.79
Sortino ratio: Return per unit of downside risk	3.47	2.17	+1.30
Omega ratio: Gain probability vs. loss probability	1.45	1.27	+0.17
Calmar ratio: Return relative to maximum drawdown	2.58	2.67	-0.08
Martin ratio: Return relative to average drawdown	10.40	8.48	+1.91

PMIF-U.TO vs. BBRE - Sharpe Ratio Comparison

The current PMIF-U.TO Sharpe Ratio is 2.36, which is higher than the BBRE Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of PMIF-U.TO and BBRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PMIF-U.TO vs. BBRE - Drawdown Comparison

The maximum PMIF-U.TO drawdown since its inception was -3.11%, smaller than the maximum BBRE drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for PMIF-U.TO and BBRE.

Drawdown Indicators

	PMIF-U.TO	BBRE	Difference
Max Drawdown Largest peak-to-trough decline	-3.11%	-43.61%	+40.50%
Max Drawdown (1Y) Largest decline over 1 year	-3.11%	-8.07%	+4.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.15%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.54%	-10.45%	+9.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	2.53%	-1.76%

Volatility

PMIF-U.TO vs. BBRE - Volatility Comparison

The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) is 1.17%, while JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a volatility of 5.31%. This indicates that PMIF-U.TO experiences smaller price fluctuations and is considered to be less risky than BBRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMIF-U.TO	BBRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	5.31%	-4.14%
Volatility (6M) Calculated over the trailing 6-month period	2.62%	10.28%	-7.66%
Volatility (1Y) Calculated over the trailing 1-year period	3.40%	13.98%	-10.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	18.81%	-14.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.88%	22.53%	-18.65%

PMIF-U.TO vs. BBRE - Expense Ratio Comparison

PMIF-U.TO has a 0.84% expense ratio, which is higher than BBRE's 0.11% expense ratio.

Dividends

PMIF-U.TO vs. BBRE - Dividend Comparison

PMIF-U.TO's dividend yield for the trailing twelve months is around 5.50%, more than BBRE's 2.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.63%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%
PMIF-U.TO PIMCO Monthly Income Fund (Canada)	5.50%	5.50%	6.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

PMIF-U.TO and BBRE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, BBRE is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

BBRE is cheaper with a 0.11% expense ratio, compared with 0.84% for PMIF-U.TO.

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

PMIF-U.TO is categorized as Multisector Bonds, while BBRE is REIT. They also come from different issuers: PIMCO and JPMorgan. Their fees differ too: 0.84% for PMIF-U.TO and 0.11% for BBRE.