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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMIF.TO or FFRHX.
Correlation
The correlation between PMIF.TO and FFRHX is 0.29, 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.
Performance
PMIF.TO vs. FFRHX - Performance Comparison
Key characteristics
PMIF.TO:
1.87
FFRHX:
3.23
PMIF.TO:
2.83
FFRHX:
9.63
PMIF.TO:
1.36
FFRHX:
3.12
PMIF.TO:
3.48
FFRHX:
9.54
PMIF.TO:
8.61
FFRHX:
45.11
PMIF.TO:
0.81%
FFRHX:
0.18%
PMIF.TO:
3.73%
FFRHX:
2.55%
PMIF.TO:
-18.30%
FFRHX:
-22.19%
PMIF.TO:
0.00%
FFRHX:
-0.22%
Returns By Period
In the year-to-date period, PMIF.TO achieves a 1.57% return, which is significantly higher than FFRHX's 0.39% return.
PMIF.TO
1.57%
1.14%
1.98%
6.85%
2.44%
N/A
FFRHX
0.39%
0.39%
4.53%
8.36%
5.58%
4.75%
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PMIF.TO vs. FFRHX - Expense Ratio Comparison
Risk-Adjusted Performance
PMIF.TO vs. FFRHX — Risk-Adjusted Performance Rank
PMIF.TO
FFRHX
PMIF.TO vs. FFRHX - Risk-Adjusted Performance 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.
Dividends
PMIF.TO vs. FFRHX - Dividend Comparison
PMIF.TO's dividend yield for the trailing twelve months is around 6.85%, less than FFRHX's 8.24% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
PMIF.TO PIMCO Monthly Income Fund (Canada) | 6.85% | 6.95% | 6.06% | 3.73% | 3.22% | 3.58% | 3.80% | 3.51% | 0.59% | 0.00% | 0.00% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 8.24% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
PMIF.TO vs. FFRHX - Drawdown Comparison
The maximum PMIF.TO drawdown since its inception was -18.30%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for PMIF.TO and FFRHX. For additional features, visit the drawdowns tool.
Volatility
PMIF.TO vs. FFRHX - Volatility Comparison
PIMCO Monthly Income Fund (Canada) (PMIF.TO) has a higher volatility of 2.14% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.65%. 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.