PMIF-U.TO vs. OPPE

Last updated Jun 26, 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 year, PMIF-U.TO returned 7.99% vs 25.52% for OPPE. At a 0.23 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 1.93% return, which is significantly lower than OPPE's 11.03% return.

PMIF-U.TO

• 1D: 0.20%
• 1M: 1.27%
• YTD: 1.93%
• 6M: 2.02%
• 1Y: 7.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OPPE

• 1D: 0.63%
• 1M: -2.24%
• YTD: 11.03%
• 6M: 11.35%
• 1Y: 25.52%
• 3Y*: 23.47%
• 5Y*: 13.91%
• 10Y*: 13.42%

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

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

	2026 (YTD)	2025	2024	2023
PMIF-U.TO PIMCO Monthly Income Fund (Canada)	1.93%	10.75%	5.77%	0.26%
OPPE WisdomTree European Opportunities Fund	11.03%	38.80%	10.42%	-0.26%

Correlation

The correlation between PMIF-U.TO and OPPE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023	0.23

The correlation between PMIF-U.TO and OPPE shifts across timeframes, from 0.23 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

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: 76
PMIF-U.TO Sharpe Ratio Rank: 84
PMIF-U.TO Sortino Ratio Rank: 88
PMIF-U.TO Omega Ratio Rank: 85
PMIF-U.TO Calmar Ratio Rank: 60
PMIF-U.TO Martin Ratio Rank: 65

OPPE

OPPE Risk / Return Rank: 63
OPPE Sharpe Ratio Rank: 61
OPPE Sortino Ratio Rank: 60
OPPE Omega Ratio Rank: 59
OPPE Calmar Ratio Rank: 67
OPPE Martin Ratio Rank: 68

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.

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	OPPE	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.78	+0.58
Sortino ratio: Return per unit of downside risk	3.47	2.49	+0.98
Omega ratio: Gain probability vs. loss probability	1.45	1.32	+0.13
Calmar ratio: Return relative to maximum drawdown	2.58	2.90	-0.32
Martin ratio: Return relative to average drawdown	10.40	10.87	-0.47

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

The current PMIF-U.TO Sharpe Ratio is 2.36, which is higher than the OPPE Sharpe Ratio of 1.78. 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.

Drawdowns

PMIF-U.TO vs. OPPE - Drawdown Comparison

The maximum PMIF-U.TO drawdown since its inception was -3.11%, 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	-3.11%	-39.28%	+36.17%
Max Drawdown (1Y) Largest decline over 1 year	-3.11%	-8.83%	+5.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.28%	—
Current Drawdown Current decline from peak	0.00%	-2.33%	+2.33%
Average Drawdown Average peak-to-trough decline	-0.54%	-5.45%	+4.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	2.35%	-1.58%

Volatility

PMIF-U.TO vs. OPPE - Volatility Comparison

The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) is 1.17%, while WisdomTree European Opportunities Fund (OPPE) has a volatility of 4.81%. 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	1.17%	4.81%	-3.64%
Volatility (6M) Calculated over the trailing 6-month period	2.62%	12.41%	-9.79%
Volatility (1Y) Calculated over the trailing 1-year period	3.40%	14.41%	-11.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	15.67%	-11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.88%	16.98%	-13.10%

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 5.50%, more than OPPE's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OPPE WisdomTree European Opportunities Fund	2.73%	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)	5.50%	5.50%	6.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 0.36, 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.