PMIF.TO vs. NNRG.NEO

Last updated Jun 4, 2026

PMIF.TO (PIMCO Monthly Income Fund (Canada)) and NNRG.NEO (Ninepoint Energy ETF) are both exchange-traded funds - PMIF.TO is a fund fund, while NNRG.NEO is a Energy Equities fund tracking the S&P/TSX Capped Energy Total Return Index. Over the past 5 years, PMIF.TO returned 3.16%/yr vs 33.81%/yr for NNRG.NEO. At a correlation of -0.02, they often move in opposite directions.

Performance

PMIF.TO vs. NNRG.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in PIMCO Monthly Income Fund (Canada) (PMIF.TO) and Ninepoint Energy ETF (NNRG.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMIF.TO achieves a 0.10% return, which is significantly lower than NNRG.NEO's 45.59% return.

PMIF.TO

• 1D: -0.17%
• 1M: 0.49%
• YTD: 0.10%
• 6M: 0.42%
• 1Y: 6.74%
• 3Y*: 6.44%
• 5Y*: 3.16%
• 10Y*: —

NNRG.NEO

• 1D: 1.60%
• 1M: -1.33%
• YTD: 45.59%
• 6M: 38.09%
• 1Y: 66.96%
• 3Y*: 26.11%
• 5Y*: 33.81%
• 10Y*: —

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

PMIF.TO vs. NNRG.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PMIF.TO PIMCO Monthly Income Fund (Canada)	0.10%	9.01%	5.20%	7.58%	-6.32%	1.09%
NNRG.NEO Ninepoint Energy ETF	45.59%	19.14%	13.26%	-4.21%	66.18%	55.91%

Correlation

The correlation between PMIF.TO and NNRG.NEO is -0.35, 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.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.35
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (5Y) Calculated over the trailing 5-year period	-0.02
Correlation (All Time) Calculated using the full available price history since May 12, 2021	-0.02

Over the past year, the inverse relationship between PMIF.TO and NNRG.NEO has strengthened: their correlation has moved from -0.02 to -0.35, meaning they now move in opposite directions more often than their long-term average.

PMIF.TO vs. NNRG.NEO - Sectors Allocation Comparison

Sectors	PMIF.TO	NNRG.NEO
Real Estate	55.5%	-
Financial Services	32.4%	-
Communication Services	12.1%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

PMIF.TO vs. NNRG.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PMIF.TO

PMIF.TO Risk / Return Rank: 52
PMIF.TO Sharpe Ratio Rank: 56
PMIF.TO Sortino Ratio Rank: 57
PMIF.TO Omega Ratio Rank: 58
PMIF.TO Calmar Ratio Rank: 42
PMIF.TO Martin Ratio Rank: 48

NNRG.NEO

NNRG.NEO Risk / Return Rank: 79
NNRG.NEO Sharpe Ratio Rank: 83
NNRG.NEO Sortino Ratio Rank: 72
NNRG.NEO Omega Ratio Rank: 75
NNRG.NEO Calmar Ratio Rank: 92
NNRG.NEO Martin Ratio Rank: 70

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.TO vs. NNRG.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF.TO) and Ninepoint Energy ETF (NNRG.NEO). 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	NNRG.NEO	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.74	-0.82
Sortino ratio: Return per unit of downside risk	2.77	3.29	-0.52
Omega ratio: Gain probability vs. loss probability	1.36	1.45	-0.09
Calmar ratio: Return relative to maximum drawdown	2.10	6.21	-4.10
Martin ratio: Return relative to average drawdown	7.96	13.09	-5.13
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.TO vs. NNRG.NEO - Sharpe Ratio Comparison

The current PMIF.TO Sharpe Ratio is 1.93, which is comparable to the NNRG.NEO Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of PMIF.TO and NNRG.NEO, 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.TO	NNRG.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.74	-0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.98	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	1.07	-0.50

Drawdowns

PMIF.TO vs. NNRG.NEO - Drawdown Comparison

The maximum PMIF.TO drawdown since its inception was -18.30%, smaller than the maximum NNRG.NEO drawdown of -35.78%. Use the drawdown chart below to compare losses from any high point for PMIF.TO and NNRG.NEO.

Drawdown Indicators

	PMIF.TO	NNRG.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-18.30%	-35.78%	+17.48%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-10.84%	+7.62%
Max Drawdown (3Y) Largest decline over 3 years	-3.98%	-23.52%	+19.54%
Max Drawdown (5Y) Largest decline over 5 years	-10.25%	-35.78%	+25.53%
Current Drawdown Current decline from peak	-1.21%	-4.70%	+3.49%
Average Drawdown Average peak-to-trough decline	-1.88%	-9.58%	+7.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	5.13%	-4.28%

Volatility

PMIF.TO vs. NNRG.NEO - Volatility Comparison

The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF.TO) is 1.64%, while Ninepoint Energy ETF (NNRG.NEO) has a volatility of 10.24%. This indicates that PMIF.TO experiences smaller price fluctuations and is considered to be less risky than NNRG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMIF.TO	NNRG.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	10.24%	-8.60%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	20.69%	-17.80%
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	24.53%	-21.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.79%	34.60%	-29.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.83%	34.56%	-28.73%

Dividends

PMIF.TO vs. NNRG.NEO - Dividend Comparison

PMIF.TO's dividend yield for the trailing twelve months is around 5.42%, more than NNRG.NEO's 0.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NNRG.NEO Ninepoint Energy ETF	0.51%	0.37%	0.39%	0.38%	9.08%	1.92%	0.00%	0.00%	0.00%	0.00%
PMIF.TO PIMCO Monthly Income Fund (Canada)	5.42%	5.50%	6.95%	6.06%	3.73%	3.22%	3.58%	3.80%	3.51%	0.59%

Frequently Asked Questions

Can I hold both PMIF.TO and NNRG.NEO in my portfolio?

PMIF.TO and NNRG.NEO have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.