PMIF-U.TO vs. VNM

Last updated Jun 5, 2026

PMIF-U.TO (PIMCO Monthly Income Fund (Canada)) and VNM (VanEck Vectors Vietnam ETF) are both exchange-traded funds - PMIF-U.TO is a Multisector Bonds fund actively managed by PIMCO, while VNM is a Asia Pacific Equities fund tracking the MVIS Vietnam Index. PMIF-U.TO is actively managed, while VNM is passively managed. Over the past 5 years, PMIF-U.TO returned 2.62%/yr vs -0.58%/yr for VNM. At a 0.10 correlation, their price movements are largely independent. PMIF-U.TO charges 0.84%/yr vs 0.68%/yr for VNM.

Performance

PMIF-U.TO vs. VNM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and VanEck Vectors Vietnam ETF (VNM). 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 0.55% return, which is significantly higher than VNM's -4.35% return.

PMIF-U.TO

• 1D: 0.10%
• 1M: 0.45%
• YTD: 0.55%
• 6M: 0.71%
• 1Y: 6.69%
• 3Y*: 6.15%
• 5Y*: 2.62%
• 10Y*: —

VNM

• 1D: 1.28%
• 1M: -4.53%
• YTD: -4.35%
• 6M: -1.63%
• 1Y: 31.95%
• 3Y*: 14.53%
• 5Y*: -0.58%
• 10Y*: 3.47%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PMIF-U.TO PIMCO Monthly Income Fund (Canada)	0.55%	9.02%	3.83%	7.22%	-6.89%	0.89%	3.42%	7.02%	0.69%
VNM VanEck Vectors Vietnam ETF	-4.35%	66.55%	-11.15%	15.01%	-43.74%	22.05%	9.84%	9.24%	-9.81%

Correlation

The correlation between PMIF-U.TO and VNM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.13
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	0.10

The correlation between PMIF-U.TO and VNM shifts across timeframes, from 0.10 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PMIF-U.TO vs. VNM — 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: 56
PMIF-U.TO Sharpe Ratio Rank: 60
PMIF-U.TO Sortino Ratio Rank: 65
PMIF-U.TO Omega Ratio Rank: 62
PMIF-U.TO Calmar Ratio Rank: 43
PMIF-U.TO Martin Ratio Rank: 49

VNM

VNM Risk / Return Rank: 34
VNM Sharpe Ratio Rank: 34
VNM Sortino Ratio Rank: 34
VNM Omega Ratio Rank: 32
VNM Calmar Ratio Rank: 39
VNM Martin Ratio Rank: 33

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. VNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) and VanEck Vectors Vietnam ETF (VNM). 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	VNM	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.20	+0.80
Sortino ratio: Return per unit of downside risk	2.94	1.77	+1.17
Omega ratio: Gain probability vs. loss probability	1.37	1.21	+0.16
Calmar ratio: Return relative to maximum drawdown	2.09	1.88	+0.21
Martin ratio: Return relative to average drawdown	8.08	4.79	+3.29
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. VNM - Sharpe Ratio Comparison

The current PMIF-U.TO Sharpe Ratio is 2.00, which is higher than the VNM Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of PMIF-U.TO and VNM, 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	VNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.20	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	-0.02	+0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	-0.02	+0.61

Drawdowns

PMIF-U.TO vs. VNM - Drawdown Comparison

The maximum PMIF-U.TO drawdown since its inception was -17.24%, smaller than the maximum VNM drawdown of -63.19%. Use the drawdown chart below to compare losses from any high point for PMIF-U.TO and VNM.

Drawdown Indicators

	PMIF-U.TO	VNM	Difference
Max Drawdown Largest peak-to-trough decline	-17.24%	-63.19%	+45.95%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-17.07%	+13.85%
Max Drawdown (3Y) Largest decline over 3 years	-4.15%	-31.60%	+27.45%
Max Drawdown (5Y) Largest decline over 5 years	-11.03%	-49.95%	+38.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.67%	—
Current Drawdown Current decline from peak	-1.06%	-25.51%	+24.45%
Average Drawdown Average peak-to-trough decline	-2.32%	-37.83%	+35.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	6.71%	-5.88%

Volatility

PMIF-U.TO vs. VNM - Volatility Comparison

The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) is 1.25%, while VanEck Vectors Vietnam ETF (VNM) has a volatility of 5.33%. This indicates that PMIF-U.TO experiences smaller price fluctuations and is considered to be less risky than VNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMIF-U.TO	VNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	5.33%	-4.08%
Volatility (6M) Calculated over the trailing 6-month period	2.51%	18.49%	-15.98%
Volatility (1Y) Calculated over the trailing 1-year period	3.38%	26.80%	-23.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.05%	24.26%	-19.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.71%	23.46%	-16.75%

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

PMIF-U.TO has a 0.84% expense ratio, which is higher than VNM's 0.68% expense ratio.

Dividends

PMIF-U.TO vs. VNM - Dividend Comparison

PMIF-U.TO's dividend yield for the trailing twelve months is around 3.93%, more than VNM's 0.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMIF-U.TO PIMCO Monthly Income Fund (Canada)	3.93%	3.96%	4.91%	4.53%	2.82%	2.40%	2.68%	2.38%	0.59%	0.00%	0.00%	0.00%
VNM VanEck Vectors Vietnam ETF	0.21%	0.20%	0.00%	5.21%	0.96%	0.49%	0.40%	0.76%	0.83%	1.14%	2.44%	3.69%

Frequently Asked Questions

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

PMIF-U.TO and VNM have a correlation of 0.28, 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 VNM?

On fees, VNM is cheaper at 0.68% 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 VNM?

VNM is cheaper with a 0.68% expense ratio, compared with 0.84% for PMIF-U.TO.

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

PMIF-U.TO is categorized as Multisector Bonds, while VNM is Asia Pacific Equities. They also come from different issuers: PIMCO and VanEck. Their fees differ too: 0.84% for PMIF-U.TO and 0.68% for VNM.