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PMIF-U.TO vs. CIE.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PMIF-U.TO vs. CIE.NEO

Last updated Jun 4, 2026

PMIF-U.TO (PIMCO Monthly Income Fund (Canada)) and CIE.NEO (iShares International Fundamental Common Class) are both exchange-traded funds - PMIF-U.TO is a Multisector Bonds fund actively managed by PIMCO, while CIE.NEO is a Global Equities fund tracking the FTSE RAFI Developed ex US 1000 Index. PMIF-U.TO is actively managed, while CIE.NEO is passively managed. Over the past 5 years, PMIF-U.TO returned 2.60%/yr vs 12.40%/yr for CIE.NEO. At a 0.10 correlation, their price movements are largely independent. PMIF-U.TO charges 0.84%/yr vs 0.73%/yr for CIE.NEO.

Performance

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

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and iShares International Fundamental Common Class (CIE.NEO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, PMIF-U.TO achieves a 0.45% return, which is significantly lower than CIE.NEO's 16.80% return.

PMIF-U.TO

1D
-0.30%
1M
0.56%
YTD
0.45%
6M
0.49%
1Y
6.92%
3Y*
6.17%
5Y*
2.60%
10Y*
—

CIE.NEO

1D
0.33%
1M
4.66%
YTD
16.80%
6M
20.56%
1Y
37.77%
3Y*
23.50%
5Y*
12.40%
10Y*
11.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
PMIF-U.TO
PIMCO Monthly Income Fund (Canada)		0.45%9.02%3.83%7.22%-6.89%0.89%3.42%7.02%0.69%
CIE.NEO
iShares International Fundamental Common Class		16.80%41.39%3.92%18.22%-9.34%15.26%3.36%16.85%-12.51%

Correlation

The correlation between PMIF-U.TO and CIE.NEO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.32

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Oct 4, 2018

0.10

Over the past year, PMIF-U.TO and CIE.NEO have become more correlated (0.32) than their long-term average of 0.10, meaning their price movements have been converging.

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PIMCO Monthly Income Fund (Canada)

iShares International Fundamental Common Class

Often compared with PMIF-U.TO:
PMIF-U.TO vs. PMIF.TOPMIF-U.TO vs. CORE.TOPMIF-U.TO vs. EVTRPMIF-U.TO vs. ICVTPMIF-U.TO vs. BLOKPMIF-U.TO vs. SPYPMIF-U.TO vs. PDI
Often compared with CIE.NEO:
CIE.NEO vs. PXFCIE.NEO vs. VGG.TOCIE.NEO vs. SPYCIE.NEO vs. DFIVCIE.NEO vs. FCCM.NEOCIE.NEO vs. XMW.TOCIE.NEO vs. XEQT.TO

Return for Risk

PMIF-U.TO vs. CIE.NEO — 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: 5757
Overall Rank
PMIF-U.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
PMIF-U.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
PMIF-U.TO Omega Ratio Rank: 6464
Omega Ratio Rank
PMIF-U.TO Calmar Ratio Rank: 4444
Calmar Ratio Rank
PMIF-U.TO Martin Ratio Rank: 5151
Martin Ratio Rank
CIE.NEO
CIE.NEO Risk / Return Rank: 8383
Overall Rank
CIE.NEO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
CIE.NEO Sortino Ratio Rank: 8888
Sortino Ratio Rank
CIE.NEO Omega Ratio Rank: 8989
Omega Ratio Rank
CIE.NEO Calmar Ratio Rank: 7474
Calmar Ratio Rank
CIE.NEO Martin Ratio Rank: 7979
Martin Ratio Rank
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. CIE.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and iShares International Fundamental Common Class (CIE.NEO). 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.TOCIE.NEODifference
Sharpe ratioReturn per unit of total volatility
2.06
2.53

-0.48

Sortino ratioReturn per unit of downside risk
3.04
3.47

-0.43

Omega ratioGain probability vs. loss probability

1.39

1.46

-0.07

Calmar ratioReturn relative to maximum drawdown

2.16

3.34

-1.18

Martin ratioReturn relative to average drawdown

8.38

13.14

-4.76

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. CIE.NEO - Sharpe Ratio Comparison

The current PMIF-U.TO Sharpe Ratio is 2.06, which is comparable to the CIE.NEO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of PMIF-U.TO and CIE.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PMIF-U.TOCIE.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.06

2.53

-0.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.76

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.54

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.37

+0.22

Drawdowns

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

The maximum PMIF-U.TO drawdown since its inception was -17.24%, smaller than the maximum CIE.NEO drawdown of -49.17%. Use the drawdown chart below to compare losses from any high point for PMIF-U.TO and CIE.NEO.

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Drawdown Indicators

PMIF-U.TOCIE.NEODifference

Max Drawdown

Largest peak-to-trough decline

-17.24%

-49.17%

+31.93%

Max Drawdown (1Y)

Largest decline over 1 year

-3.22%

-11.37%

+8.15%

Max Drawdown (3Y)

Largest decline over 3 years

-4.15%

-15.11%

+10.96%

Max Drawdown (5Y)

Largest decline over 5 years

-11.03%

-26.70%

+15.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.17%

—

Current Drawdown

Current decline from peak

-1.16%

-0.42%

-0.74%

Average Drawdown

Average peak-to-trough decline

-2.32%

-9.84%

+7.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.83%

2.88%

-2.05%

Volatility

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

The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) is 1.26%, while iShares International Fundamental Common Class (CIE.NEO) has a volatility of 4.96%. This indicates that PMIF-U.TO experiences smaller price fluctuations and is considered to be less risky than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PMIF-U.TOCIE.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.26%

4.96%

-3.70%

Volatility (6M)

Calculated over the trailing 6-month period

2.51%

12.31%

-9.80%

Volatility (1Y)

Calculated over the trailing 1-year period

3.39%

14.98%

-11.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.05%

16.47%

-11.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.71%

20.56%

-13.85%

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

PMIF-U.TO has a 0.84% expense ratio, which is higher than CIE.NEO's 0.73% expense ratio.

Dividends

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

PMIF-U.TO's dividend yield for the trailing twelve months is around 3.94%, more than CIE.NEO's 2.11% yield.

PositionTTM20252024202320222021202020192018201720162015
CIE.NEO
iShares International Fundamental Common Class		2.11%2.53%2.82%3.08%3.32%2.89%2.15%3.63%3.12%2.67%2.80%2.44%
PMIF-U.TO
PIMCO Monthly Income Fund (Canada)		3.94%3.96%4.91%4.53%2.82%2.40%2.68%2.38%0.59%0.00%0.00%0.00%

Frequently Asked Questions

PMIF-U.TO and CIE.NEO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CIE.NEO is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CIE.NEO is cheaper with a 0.73% expense ratio, compared with 0.84% for PMIF-U.TO.

PMIF-U.TO is categorized as Multisector Bonds, while CIE.NEO is Global Equities. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.84% for PMIF-U.TO and 0.73% for CIE.NEO.

Portfolio Optimizer

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