PMIF-U.TO vs. EVTR
PMIF-U.TO (PIMCO Monthly Income Fund (Canada)) and EVTR (Eaton Vance Total Return Bond ETF) are both exchange-traded funds - PMIF-U.TO is a Multisector Bonds fund actively managed by PIMCO, while EVTR is a Intermediate Core-Plus Bond fund actively managed by Eaton Vance. Both are actively managed. Over the past year, PMIF-U.TO returned 7.99% vs 5.12% for EVTR. A 0.55 correlation means they provide meaningful diversification when combined. PMIF-U.TO charges 0.84%/yr vs 0.32%/yr for EVTR.
Performance
PMIF-U.TO vs. EVTR - Performance Comparison
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Returns By Period
In the year-to-date period, PMIF-U.TO achieves a 1.93% return, which is significantly higher than EVTR's 1.07% return.
PMIF-U.TO
- 1D
- 0.20%
- 1M
- 1.27%
- YTD
- 1.93%
- 6M
- 2.02%
- 1Y
- 7.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EVTR
- 1D
- 0.06%
- 1M
- 0.98%
- YTD
- 1.07%
- 6M
- 1.03%
- 1Y
- 5.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMIF-U.TO vs. EVTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PMIF-U.TO PIMCO Monthly Income Fund (Canada) | 1.93% | 10.75% | 4.54% |
EVTR Eaton Vance Total Return Bond ETF | 1.07% | 8.10% | 4.03% |
Correlation
The correlation between PMIF-U.TO and EVTR is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.55 |
The correlation between PMIF-U.TO and EVTR has been stable across timeframes, ranging from 0.55 to 0.57 - a consistent structural relationship.
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Return for Risk
PMIF-U.TO vs. EVTR — Risk / Return Rank
PMIF-U.TO
EVTR
PMIF-U.TO vs. EVTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and Eaton Vance Total Return Bond ETF (EVTR). 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 | EVTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.25 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 1.80 | +0.79 |
| Martin ratioReturn relative to average drawdown | 10.40 | 5.40 | +4.99 |
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Drawdowns
PMIF-U.TO vs. EVTR - Drawdown Comparison
The maximum PMIF-U.TO drawdown since its inception was -3.11%, smaller than the maximum EVTR drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for PMIF-U.TO and EVTR.
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Drawdown Indicators
| PMIF-U.TO | EVTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.11% | -4.08% | +0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -2.86% | -0.25% |
Current DrawdownCurrent decline from peak | 0.00% | -0.68% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -0.97% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.95% | -0.18% |
Volatility
PMIF-U.TO vs. EVTR - Volatility Comparison
The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) is 1.17%, while Eaton Vance Total Return Bond ETF (EVTR) has a volatility of 1.29%. This indicates that PMIF-U.TO experiences smaller price fluctuations and is considered to be less risky than EVTR 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.TO | EVTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.29% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 2.96% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 3.71% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.88% | 4.32% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.88% | 4.32% | -0.44% |
PMIF-U.TO vs. EVTR - Expense Ratio Comparison
PMIF-U.TO has a 0.84% expense ratio, which is higher than EVTR's 0.32% expense ratio.
Dividends
PMIF-U.TO vs. EVTR - Dividend Comparison
PMIF-U.TO's dividend yield for the trailing twelve months is around 5.50%, more than EVTR's 4.64% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EVTR Eaton Vance Total Return Bond ETF | 4.64% | 4.51% | 4.26% |
PMIF-U.TO PIMCO Monthly Income Fund (Canada) | 5.50% | 5.50% | 6.78% |
Frequently Asked Questions
PMIF-U.TO and EVTR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVTR is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVTR is cheaper with a 0.32% expense ratio, compared with 0.84% for PMIF-U.TO.
PMIF-U.TO is categorized as Multisector Bonds, while EVTR is Intermediate Core-Plus Bond. They also come from different issuers: PIMCO and Eaton Vance. Their fees differ too: 0.84% for PMIF-U.TO and 0.32% for EVTR.
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