PMIF-U.TO vs. BBRE

Last updated Jun 5, 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 5 years, PMIF-U.TO returned 2.62%/yr vs 4.69%/yr for BBRE. At a 0.15 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 0.55% return, which is significantly lower than BBRE's 13.24% return.

PMIF-U.TO

• 1D: 0.10%
• 1M: 0.45%
• YTD: 0.55%
• 6M: 0.71%
• 1Y: 6.69%
• 3Y*: 6.15%
• 5Y*: 2.62%
• 10Y*: —

BBRE

• 1D: 1.31%
• 1M: 0.49%
• YTD: 13.24%
• 6M: 12.48%
• 1Y: 15.55%
• 3Y*: 11.69%
• 5Y*: 4.69%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PMIF-U.TO PIMCO Monthly Income Fund (Canada)	0.55%	9.02%	3.83%	7.22%	-6.89%	0.89%	3.42%	7.02%	0.69%
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	13.24%	2.09%	8.24%	13.85%	-24.68%	42.99%	-7.55%	26.06%	-4.94%

Correlation

The correlation between PMIF-U.TO and BBRE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	0.15

The correlation between PMIF-U.TO and BBRE shifts across timeframes, from 0.15 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

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: 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

BBRE

BBRE Risk / Return Rank: 35
BBRE Sharpe Ratio Rank: 33
BBRE Sortino Ratio Rank: 31
BBRE Omega Ratio Rank: 31
BBRE Calmar Ratio Rank: 40
BBRE Martin Ratio Rank: 39

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.

	PMIF-U.TO	BBRE	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.16	+0.84
Sortino ratio: Return per unit of downside risk	2.94	1.63	+1.31
Omega ratio: Gain probability vs. loss probability	1.37	1.20	+0.17
Calmar ratio: Return relative to maximum drawdown	2.09	1.93	+0.15
Martin ratio: Return relative to average drawdown	8.08	6.10	+1.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current PMIF-U.TO Sharpe Ratio is 2.00, which is higher than the BBRE Sharpe Ratio of 1.16. 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.

Sharpe Ratios by Period

	PMIF-U.TO	BBRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.16	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.25	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.32	+0.27

Drawdowns

PMIF-U.TO vs. BBRE - Drawdown Comparison

The maximum PMIF-U.TO drawdown since its inception was -17.24%, 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	-17.24%	-43.61%	+26.37%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-8.07%	+4.85%
Max Drawdown (3Y) Largest decline over 3 years	-4.15%	-18.92%	+14.77%
Max Drawdown (5Y) Largest decline over 5 years	-11.03%	-31.15%	+20.12%
Current Drawdown Current decline from peak	-1.06%	-1.85%	+0.79%
Average Drawdown Average peak-to-trough decline	-2.32%	-10.52%	+8.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	2.55%	-1.72%

Volatility

PMIF-U.TO vs. BBRE - Volatility Comparison

The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) is 1.25%, while JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a volatility of 4.15%. 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	1.25%	4.15%	-2.90%
Volatility (6M) Calculated over the trailing 6-month period	2.51%	9.54%	-7.03%
Volatility (1Y) Calculated over the trailing 1-year period	3.38%	13.44%	-10.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.05%	18.78%	-13.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.71%	22.56%	-15.85%

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 3.93%, more than BBRE's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.77%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%
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 PMIF-U.TO and BBRE in my portfolio?

PMIF-U.TO and BBRE 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.

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.