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PMIF.TO vs. XEQT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PMIF.TO vs. XEQT.TO

Last updated Apr 5, 2026

Compare and contrast key facts about PIMCO Monthly Income Fund (Canada) (PMIF.TO) and iShares Core Equity ETF Portfolio (XEQT.TO).

PMIF.TO and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEQT.TO is an actively managed fund by iShares. It was launched on Aug 7, 2019.

Performance

PMIF.TO vs. XEQT.TO - Performance Comparison

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

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Returns By Period

In the year-to-date period, PMIF.TO achieves a -0.44% return, which is significantly lower than XEQT.TO's 1.64% 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*
—

XEQT.TO

1D
0.12%
1M
-0.97%
YTD
1.64%
6M
2.28%
1Y
33.26%
3Y*
18.46%
5Y*
12.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PMIF.TO vs. XEQT.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
PMIF.TO
PIMCO Monthly Income Fund (Canada)		-0.44%9.01%5.20%7.58%-6.32%1.90%3.93%2.29%
XEQT.TO
iShares Core Equity ETF Portfolio		1.64%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%

Correlation

The correlation between PMIF.TO and XEQT.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.

PMIF.TO vs. XEQT.TO - Expense Ratio Comparison

XEQT.TO
iShares Core Equity ETF Portfolio

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PIMCO Monthly Income Fund (Canada)

iShares Core Equity ETF Portfolio

Often compared with PMIF.TO:
PMIF.TO vs. ZAG.TOPMIF.TO vs. CBIL.TOPMIF.TO vs. CASH.TOPMIF.TO vs. CCBI.TOPMIF.TO vs. CAAAPMIF.TO vs. XBB.TOPMIF.TO vs. PFIA.TO
Often compared with XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. XAW.TO

Return for Risk

PMIF.TO vs. XEQT.TO — 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: 7070
Overall Rank
PMIF.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
PMIF.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
PMIF.TO Omega Ratio Rank: 7474
Omega Ratio Rank
PMIF.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
PMIF.TO Martin Ratio Rank: 5656
Martin Ratio Rank
XEQT.TO
XEQT.TO Risk / Return Rank: 6565
Overall Rank
XEQT.TO Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 6868
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7171
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 5656
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 6464
Martin Ratio Rank
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. XEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF.TO) and iShares Core Equity ETF Portfolio (XEQT.TO). 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.TOXEQT.TODifference

Sharpe ratio

Return per unit of total volatility

1.60

1.28

+0.32

Sortino ratio

Return per unit of downside risk

2.22

1.79

+0.44

Omega ratio

Gain probability vs. loss probability

1.29

1.28

+0.02

Calmar ratio

Return relative to maximum drawdown

1.80

1.81

-0.01

Martin ratio

Return relative to average drawdown

7.01

8.03

-1.03

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. XEQT.TO - Sharpe Ratio Comparison

The current PMIF.TO Sharpe Ratio is 1.60, which is comparable to the XEQT.TO Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of PMIF.TO and XEQT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PMIF.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.60

1.28

+0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.93

-0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.86

-0.29

Drawdowns

PMIF.TO vs. XEQT.TO - Drawdown Comparison

The maximum PMIF.TO drawdown since its inception was -18.30%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for PMIF.TO and XEQT.TO.

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Drawdown Indicators

PMIF.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.30%

-29.74%

+11.44%

Max Drawdown (1Y)

Largest decline over 1 year

-3.22%

-8.25%

+5.03%

Max Drawdown (5Y)

Largest decline over 5 years

-10.25%

-19.56%

+9.31%

Current Drawdown

Current decline from peak

-1.75%

-4.16%

+2.41%

Average Drawdown

Average peak-to-trough decline

-1.89%

-4.20%

+2.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.82%

2.65%

-1.83%

Volatility

PMIF.TO vs. XEQT.TO - Volatility Comparison

The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF.TO) is 1.80%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 5.72%. This indicates that PMIF.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PMIF.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.80%

5.72%

-3.92%

Volatility (6M)

Calculated over the trailing 6-month period

2.49%

9.47%

-6.98%

Volatility (1Y)

Calculated over the trailing 1-year period

3.59%

15.99%

-12.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.73%

13.02%

-8.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.85%

15.63%

-9.78%

Dividends

PMIF.TO vs. XEQT.TO - Dividend Comparison

PMIF.TO's dividend yield for the trailing twelve months is around 5.43%, more than XEQT.TO's 1.64% yield.

TTM202520242023202220212020201920182017
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%
XEQT.TO
iShares Core Equity ETF Portfolio		1.64%1.66%2.01%2.07%2.12%1.64%1.66%1.19%0.00%0.00%