PMIF-U.TO vs. SPY
Compare and contrast key facts about PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and State Street SPDR S&P 500 ETF (SPY).
PMIF-U.TO and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
PMIF-U.TO vs. SPY - Performance Comparison
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PMIF-U.TO vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PMIF-U.TO PIMCO Monthly Income Fund (Canada) | -0.43% | 9.02% | 3.83% | 7.22% | -6.89% | 0.89% | 3.42% | 7.02% | 0.69% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -13.83% |
Returns By Period
In the year-to-date period, PMIF-U.TO achieves a -0.43% return, which is significantly higher than SPY's -3.65% return.
PMIF-U.TO
- 1D
- 0.15%
- 1M
- -1.68%
- YTD
- -0.43%
- 6M
- 1.46%
- 1Y
- 5.59%
- 3Y*
- 5.98%
- 5Y*
- 2.62%
- 10Y*
- —
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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PMIF-U.TO vs. SPY - Expense Ratio Comparison
PMIF-U.TO has a 0.84% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
PMIF-U.TO vs. SPY — Risk / Return Rank
PMIF-U.TO
SPY
PMIF-U.TO vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 0.96 | +0.47 |
Sortino ratioReturn per unit of downside risk | 2.03 | 1.49 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.53 | +0.29 |
Martin ratioReturn relative to average drawdown | 6.65 | 7.27 | -0.61 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.96 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.70 | -0.10 |
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 | 0.56 | +0.02 |
Correlation
The correlation between PMIF-U.TO and SPY is 0.09, 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. SPY - Dividend Comparison
PMIF-U.TO's dividend yield for the trailing twelve months is around 3.96%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMIF-U.TO PIMCO Monthly Income Fund (Canada) | 3.96% | 3.96% | 4.91% | 4.53% | 2.82% | 2.40% | 2.68% | 2.38% | 0.59% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
PMIF-U.TO vs. SPY - Drawdown Comparison
The maximum PMIF-U.TO drawdown since its inception was -17.24%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PMIF-U.TO and SPY.
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Drawdown Indicators
| PMIF-U.TO | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.24% | -55.19% | +37.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -12.05% | +8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -11.03% | -24.50% | +13.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -2.02% | -5.53% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -9.09% | +6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.54% | -1.66% |
Volatility
PMIF-U.TO vs. SPY - Volatility Comparison
The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) is 1.57%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that PMIF-U.TO experiences smaller price fluctuations and is considered to be less risky than SPY 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 | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 5.35% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 9.50% | -7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | 19.06% | -15.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 17.06% | -12.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.77% | 17.92% | -11.15% |