PMIF-U.TO vs. OPPE

Last updated Jun 4, 2026

PMIF-U.TO (PIMCO Monthly Income Fund (Canada)) and OPPE (WisdomTree European Opportunities Fund) are both exchange-traded funds - PMIF-U.TO is a Multisector Bonds fund actively managed by PIMCO, while OPPE is a Europe Equities fund tracking the WisdomTree European Opportunities Index. PMIF-U.TO is actively managed, while OPPE is passively managed. Over the past 5 years, PMIF-U.TO returned 2.60%/yr vs 14.25%/yr for OPPE. At a 0.09 correlation, their price movements are largely independent. PMIF-U.TO charges 0.84%/yr vs 0.58%/yr for OPPE.

Performance

PMIF-U.TO vs. OPPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and WisdomTree European Opportunities Fund (OPPE). 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 OPPE's 13.68% 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*: —

OPPE

• 1D: 0.64%
• 1M: 2.99%
• YTD: 13.68%
• 6M: 16.65%
• 1Y: 29.54%
• 3Y*: 23.70%
• 5Y*: 14.25%
• 10Y*: 12.48%

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

PMIF-U.TO vs. OPPE - 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%
OPPE WisdomTree European Opportunities Fund	13.68%	38.80%	10.42%	19.80%	-11.14%	23.52%	-2.92%	28.60%	-13.29%

Correlation

The correlation between PMIF-U.TO and OPPE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	0.09

Over the past year, PMIF-U.TO and OPPE have become more correlated (0.35) than their long-term average of 0.09, meaning their price movements have been converging.

Return for Risk

PMIF-U.TO vs. OPPE — 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

OPPE

OPPE Risk / Return Rank: 67
OPPE Sharpe Ratio Rank: 66
OPPE Sortino Ratio Rank: 64
OPPE Omega Ratio Rank: 64
OPPE Calmar Ratio Rank: 68
OPPE Martin Ratio Rank: 70

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. OPPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and WisdomTree European Opportunities Fund (OPPE). 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	OPPE	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.14	-0.09
Sortino ratio: Return per unit of downside risk	3.04	2.93	+0.11
Omega ratio: Gain probability vs. loss probability	1.39	1.38	+0.01
Calmar ratio: Return relative to maximum drawdown	2.16	3.36	-1.20
Martin ratio: Return relative to average drawdown	8.38	12.81	-4.43
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. OPPE - Sharpe Ratio Comparison

The current PMIF-U.TO Sharpe Ratio is 2.06, which is comparable to the OPPE Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of PMIF-U.TO and OPPE, 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	OPPE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.14	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.92	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.65	-0.06

Drawdowns

PMIF-U.TO vs. OPPE - Drawdown Comparison

The maximum PMIF-U.TO drawdown since its inception was -17.24%, smaller than the maximum OPPE drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for PMIF-U.TO and OPPE.

Drawdown Indicators

	PMIF-U.TO	OPPE	Difference
Max Drawdown Largest peak-to-trough decline	-17.24%	-39.28%	+22.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-8.83%	+5.61%
Max Drawdown (3Y) Largest decline over 3 years	-4.15%	-15.04%	+10.89%
Max Drawdown (5Y) Largest decline over 5 years	-11.03%	-24.49%	+13.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.28%	—
Current Drawdown Current decline from peak	-1.16%	0.00%	-1.16%
Average Drawdown Average peak-to-trough decline	-2.32%	-5.47%	+3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	2.31%	-1.48%

Volatility

PMIF-U.TO vs. OPPE - Volatility Comparison

The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) is 1.26%, while WisdomTree European Opportunities Fund (OPPE) has a volatility of 5.38%. This indicates that PMIF-U.TO experiences smaller price fluctuations and is considered to be less risky than OPPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMIF-U.TO	OPPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	5.38%	-4.12%
Volatility (6M) Calculated over the trailing 6-month period	2.51%	11.66%	-9.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.39%	13.85%	-10.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.05%	15.55%	-10.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.71%	17.17%	-10.46%

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

PMIF-U.TO has a 0.84% expense ratio, which is higher than OPPE's 0.58% expense ratio.

Dividends

PMIF-U.TO vs. OPPE - Dividend Comparison

PMIF-U.TO's dividend yield for the trailing twelve months is around 3.94%, more than OPPE's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OPPE WisdomTree European Opportunities Fund	2.70%	2.95%	3.99%	3.53%	5.13%	2.39%	3.42%	3.08%	2.34%	1.46%	2.60%	4.39%
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 OPPE in my portfolio?

PMIF-U.TO and OPPE have a correlation of 0.35, 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 OPPE?

On fees, OPPE is cheaper at 0.58% 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 OPPE?

OPPE is cheaper with a 0.58% expense ratio, compared with 0.84% for PMIF-U.TO.

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

PMIF-U.TO is categorized as Multisector Bonds, while OPPE is Europe Equities. They also come from different issuers: PIMCO and WisdomTree. Their fees differ too: 0.84% for PMIF-U.TO and 0.58% for OPPE.