PMIF.TO vs. CAAA
Compare and contrast key facts about PIMCO Monthly Income Fund (Canada) (PMIF.TO) and First Trust Commercial Mortgage Opportunities ETF (CAAA).
PMIF.TO and CAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CAAA is an actively managed fund by First Trust. It was launched on Feb 26, 2024.
Performance
PMIF.TO vs. CAAA - Performance Comparison
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PMIF.TO vs. CAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PMIF.TO PIMCO Monthly Income Fund (Canada) | -0.78% | 9.01% | 5.02% |
CAAA First Trust Commercial Mortgage Opportunities ETF | 1.52% | 3.07% | 10.85% |
Different Trading Currencies
PMIF.TO is traded in CAD, while CAAA is traded in USD. To make them comparable, the CAAA values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PMIF.TO achieves a -0.78% return, which is significantly lower than CAAA's 1.52% return.
PMIF.TO
- 1D
- 0.56%
- 1M
- -2.08%
- YTD
- -0.78%
- 6M
- 1.27%
- 1Y
- 5.43%
- 3Y*
- 6.41%
- 5Y*
- 3.12%
- 10Y*
- —
CAAA
- 1D
- 0.11%
- 1M
- 0.67%
- YTD
- 1.52%
- 6M
- 1.58%
- 1Y
- 2.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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PMIF.TO vs. CAAA - Expense Ratio Comparison
Return for Risk
PMIF.TO vs. CAAA — Risk / Return Rank
PMIF.TO
CAAA
PMIF.TO vs. CAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF.TO) and First Trust Commercial Mortgage Opportunities ETF (CAAA). 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.TO | CAAA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.35 | +1.18 |
Sortino ratioReturn per unit of downside risk | 2.11 | 0.51 | +1.61 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.06 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.59 | +1.08 |
Martin ratioReturn relative to average drawdown | 6.65 | 1.17 | +5.49 |
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.TO | CAAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.35 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.31 | -0.75 |
Correlation
The correlation between PMIF.TO and CAAA is 0.16, 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.TO vs. CAAA - Dividend Comparison
PMIF.TO's dividend yield for the trailing twelve months is around 5.45%, less than CAAA's 5.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMIF.TO PIMCO Monthly Income Fund (Canada) | 5.45% | 5.50% | 6.95% | 6.06% | 3.73% | 3.22% | 3.58% | 3.80% | 3.51% | 0.59% |
CAAA First Trust Commercial Mortgage Opportunities ETF | 5.68% | 6.09% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PMIF.TO vs. CAAA - Drawdown Comparison
The maximum PMIF.TO drawdown since its inception was -18.30%, which is greater than CAAA's maximum drawdown of -5.10%. Use the drawdown chart below to compare losses from any high point for PMIF.TO and CAAA.
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Drawdown Indicators
| PMIF.TO | CAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.30% | -2.24% | -16.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -2.08% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -10.25% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -1.42% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -0.52% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.59% | +0.22% |
Volatility
PMIF.TO vs. CAAA - Volatility Comparison
PIMCO Monthly Income Fund (Canada) (PMIF.TO) and First Trust Commercial Mortgage Opportunities ETF (CAAA) have volatilities of 1.78% and 1.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMIF.TO | CAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.77% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 3.95% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 6.01% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 5.67% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.85% | 5.67% | +0.18% |