PMIF-U.TO vs. ICVT
Compare and contrast key facts about PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and iShares Convertible Bond ETF (ICVT).
PMIF-U.TO and ICVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PMIF-U.TO is an actively managed fund by PIMCO. It was launched on Sep 28, 2018. ICVT is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. It was launched on Jun 2, 2015.
Performance
PMIF-U.TO vs. ICVT - Performance Comparison
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PMIF-U.TO vs. ICVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PMIF-U.TO PIMCO Monthly Income Fund (Canada) | -0.58% | 9.02% | 3.83% | 7.22% | -6.89% | 0.89% | 3.42% | 7.02% | 0.69% |
ICVT iShares Convertible Bond ETF | 3.58% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -8.38% |
Returns By Period
In the year-to-date period, PMIF-U.TO achieves a -0.58% return, which is significantly lower than ICVT's 3.58% return.
PMIF-U.TO
- 1D
- 0.51%
- 1M
- -2.17%
- YTD
- -0.58%
- 6M
- 1.61%
- 1Y
- 5.70%
- 3Y*
- 5.93%
- 5Y*
- 2.59%
- 10Y*
- —
ICVT
- 1D
- 2.66%
- 1M
- -2.73%
- YTD
- 3.58%
- 6M
- 2.56%
- 1Y
- 23.90%
- 3Y*
- 14.18%
- 5Y*
- 3.55%
- 10Y*
- 12.24%
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PMIF-U.TO vs. ICVT - Expense Ratio Comparison
PMIF-U.TO has a 0.84% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Return for Risk
PMIF-U.TO vs. ICVT — Risk / Return Rank
PMIF-U.TO
ICVT
PMIF-U.TO vs. ICVT - 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 Convertible Bond ETF (ICVT). 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 | ICVT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 1.71 | -0.26 |
Sortino ratioReturn per unit of downside risk | 2.07 | 2.33 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.75 | 3.10 | -1.34 |
Martin ratioReturn relative to average drawdown | 6.48 | 10.57 | -4.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PMIF-U.TO | ICVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.71 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.27 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.67 | -0.09 |
Correlation
The correlation between PMIF-U.TO and ICVT is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PMIF-U.TO vs. ICVT - Dividend Comparison
PMIF-U.TO's dividend yield for the trailing twelve months is around 3.97%, more than ICVT's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMIF-U.TO PIMCO Monthly Income Fund (Canada) | 3.97% | 3.96% | 4.91% | 4.53% | 2.82% | 2.40% | 2.68% | 2.38% | 0.59% | 0.00% | 0.00% | 0.00% |
ICVT iShares Convertible Bond ETF | 1.48% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Drawdowns
PMIF-U.TO vs. ICVT - Drawdown Comparison
The maximum PMIF-U.TO drawdown since its inception was -17.24%, smaller than the maximum ICVT drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for PMIF-U.TO and ICVT.
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Drawdown Indicators
| PMIF-U.TO | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -33.25% | +16.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -7.55% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -11.03% | -29.95% | +18.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.25% | — |
Current DrawdownCurrent decline from peak | -2.17% | -3.67% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -9.64% | +7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.21% | -1.34% |
Volatility
PMIF-U.TO vs. ICVT - Volatility Comparison
The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) is 1.55%, while iShares Convertible Bond ETF (ICVT) has a volatility of 6.74%. This indicates that PMIF-U.TO experiences smaller price fluctuations and is considered to be less risky than ICVT 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 | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 6.74% | -5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 11.65% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 14.02% | -10.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 13.20% | -8.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.77% | 15.54% | -8.77% |