PMIF.TO vs. FFRHX
Compare and contrast key facts about PIMCO Monthly Income Fund (Canada) (PMIF.TO) and Fidelity Floating Rate High Income Fund (FFRHX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Performance
PMIF.TO vs. FFRHX - Performance Comparison
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Different Trading Currencies
PMIF.TO is traded in CAD, while FFRHX is traded in USD. To make them comparable, the FFRHX 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 -0.44% return, which is significantly lower than FFRHX's 0.81% return.
PMIF.TO
- 1D
- 0.28%
- 1M
- -0.97%
- YTD
- -0.44%
- 6M
- 1.44%
- 1Y
- 5.84%
- 3Y*
- 6.31%
- 5Y*
- 3.19%
- 10Y*
- —
FFRHX
- 1D
- 0.21%
- 1M
- 1.67%
- YTD
- 0.81%
- 6M
- 0.57%
- 1Y
- 3.41%
- 3Y*
- 8.23%
- 5Y*
- 7.39%
- 10Y*
- 5.62%
PMIF.TO vs. FFRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMIF.TO PIMCO Monthly Income Fund (Canada) | -0.44% | 9.01% | 5.20% | 7.58% | -6.32% | 1.90% | 3.93% | 7.09% | 0.59% | 0.54% |
FFRHX Fidelity Floating Rate High Income Fund | 0.81% | 0.63% | 16.30% | 10.15% | 5.47% | 4.06% | -0.03% | 3.29% | 8.59% | 1.70% |
Correlation
The correlation between PMIF.TO and FFRHX is -0.07, meaning they tend to move in opposite directions. This is especially valuable for risk management — when one declines, the other has historically tended to hold steady or rise, cushioning overall portfolio drawdowns.
PMIF.TO vs. FFRHX - Expense Ratio Comparison
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Return for Risk
PMIF.TO vs. FFRHX — Risk / Return Rank
PMIF.TO
FFRHX
PMIF.TO vs. FFRHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF.TO) and Fidelity Floating Rate High Income Fund (FFRHX). 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 | FFRHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 0.39 | +1.21 |
Sortino ratioReturn per unit of downside risk | 2.22 | 0.56 | +1.66 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.08 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 0.40 | +1.40 |
Martin ratioReturn relative to average drawdown | 7.01 | 0.95 | +6.06 |
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 | FFRHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 0.39 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.14 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.72 | -0.15 |
Drawdowns
PMIF.TO vs. FFRHX - Drawdown Comparison
The maximum PMIF.TO drawdown since its inception was -18.30%, which is greater than FFRHX's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for PMIF.TO and FFRHX.
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Drawdown Indicators
| PMIF.TO | FFRHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.30% | -22.20% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -1.77% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -10.25% | -5.90% | -4.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.20% | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.83% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -1.16% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.55% | +0.27% |
Volatility
PMIF.TO vs. FFRHX - Volatility Comparison
PIMCO Monthly Income Fund (Canada) (PMIF.TO) has a higher volatility of 1.80% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 1.41%. This indicates that PMIF.TO's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMIF.TO | FFRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.41% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 3.78% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 6.32% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 6.51% | -1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.85% | 7.00% | -1.15% |
Dividends
PMIF.TO vs. FFRHX - Dividend Comparison
PMIF.TO's dividend yield for the trailing twelve months is around 5.43%, less than FFRHX's 6.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMIF.TO PIMCO Monthly Income Fund (Canada) | 5.43% | 5.50% | 6.95% | 6.06% | 3.73% | 3.22% | 3.58% | 3.80% | 3.51% | 0.59% | 0.00% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 6.75% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |