PMIF-U.TO vs. IXC

Last updated Jun 4, 2026

PMIF-U.TO (PIMCO Monthly Income Fund (Canada)) and IXC (iShares Global Energy ETF) are both exchange-traded funds - PMIF-U.TO is a Multisector Bonds fund actively managed by PIMCO, while IXC is a Energy Equities fund tracking the S&P Global Energy Sector Index. PMIF-U.TO is actively managed, while IXC is passively managed. Over the past 5 years, PMIF-U.TO returned 2.60%/yr vs 19.64%/yr for IXC. At a correlation of -0.06, they often move in opposite directions. PMIF-U.TO charges 0.84%/yr vs 0.46%/yr for IXC.

Performance

PMIF-U.TO vs. IXC - 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 Global Energy ETF (IXC). 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 0.45% return, which is significantly lower than IXC's 32.22% 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*: —

IXC

• 1D: 0.87%
• 1M: -1.75%
• YTD: 32.22%
• 6M: 30.00%
• 1Y: 48.10%
• 3Y*: 18.84%
• 5Y*: 19.64%
• 10Y*: 10.29%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
IXC iShares Global Energy ETF	32.22%	13.98%	1.95%	3.92%	48.51%	40.88%	-31.00%	12.67%	-22.46%

Correlation

The correlation between PMIF-U.TO and IXC is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (3Y) Calculated over the trailing 3-year period	-0.09
Correlation (5Y) Calculated over the trailing 5-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	-0.06

The correlation between PMIF-U.TO and IXC shifts across timeframes, from -0.23 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PMIF-U.TO vs. IXC — 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: 57
PMIF-U.TO Sharpe Ratio Rank: 62
PMIF-U.TO Sortino Ratio Rank: 66
PMIF-U.TO Omega Ratio Rank: 64
PMIF-U.TO Calmar Ratio Rank: 44
PMIF-U.TO Martin Ratio Rank: 51

IXC

IXC Risk / Return Rank: 76
IXC Sharpe Ratio Rank: 78
IXC Sortino Ratio Rank: 70
IXC Omega Ratio Rank: 68
IXC Calmar Ratio Rank: 87
IXC Martin Ratio Rank: 77

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. IXC - 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 Global Energy ETF (IXC). 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	IXC	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.58	-0.52
Sortino ratio: Return per unit of downside risk	3.04	3.25	-0.22
Omega ratio: Gain probability vs. loss probability	1.39	1.42	-0.03
Calmar ratio: Return relative to maximum drawdown	2.16	5.00	-2.84
Martin ratio: Return relative to average drawdown	8.38	15.10	-6.72
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. IXC - Sharpe Ratio Comparison

The current PMIF-U.TO Sharpe Ratio is 2.06, which is comparable to the IXC Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of PMIF-U.TO and IXC, 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	IXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.58	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.84	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.32	+0.27

Drawdowns

PMIF-U.TO vs. IXC - Drawdown Comparison

The maximum PMIF-U.TO drawdown since its inception was -17.24%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for PMIF-U.TO and IXC.

Drawdown Indicators

	PMIF-U.TO	IXC	Difference
Max Drawdown Largest peak-to-trough decline	-17.24%	-67.88%	+50.64%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-9.66%	+6.44%
Max Drawdown (3Y) Largest decline over 3 years	-4.15%	-19.06%	+14.91%
Max Drawdown (5Y) Largest decline over 5 years	-11.03%	-24.93%	+13.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-64.16%	—
Current Drawdown Current decline from peak	-1.16%	-4.84%	+3.68%
Average Drawdown Average peak-to-trough decline	-2.32%	-17.48%	+15.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	3.20%	-2.37%

Volatility

PMIF-U.TO vs. IXC - Volatility Comparison

The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) is 1.26%, while iShares Global Energy ETF (IXC) has a volatility of 7.50%. This indicates that PMIF-U.TO experiences smaller price fluctuations and is considered to be less risky than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMIF-U.TO	IXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	7.50%	-6.24%
Volatility (6M) Calculated over the trailing 6-month period	2.51%	15.42%	-12.91%
Volatility (1Y) Calculated over the trailing 1-year period	3.39%	18.75%	-15.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.05%	23.50%	-18.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.71%	26.85%	-20.14%

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

PMIF-U.TO has a 0.84% expense ratio, which is higher than IXC's 0.46% expense ratio.

Dividends

PMIF-U.TO vs. IXC - Dividend Comparison

PMIF-U.TO's dividend yield for the trailing twelve months is around 3.94%, more than IXC's 2.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IXC iShares Global Energy ETF	2.79%	3.68%	4.56%	3.45%	4.76%	3.98%	4.86%	7.00%	3.51%	3.05%	2.86%	3.77%
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

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

PMIF-U.TO and IXC have a correlation of -0.23, 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 IXC?

On fees, IXC is cheaper at 0.46% 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 IXC?

IXC is cheaper with a 0.46% expense ratio, compared with 0.84% for PMIF-U.TO.

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

PMIF-U.TO is categorized as Multisector Bonds, while IXC is Energy Equities. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.84% for PMIF-U.TO and 0.46% for IXC.