PMIF.TO vs. ZAG.TO
Compare and contrast key facts about PIMCO Monthly Income Fund (Canada) (PMIF.TO) and BMO Aggregate Bond Index ETF (ZAG.TO).
PMIF.TO and ZAG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZAG.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Universe Bond Index. It was launched on Jan 19, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMIF.TO or ZAG.TO.
Correlation
The correlation between PMIF.TO and ZAG.TO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PMIF.TO vs. ZAG.TO - Performance Comparison
Key characteristics
PMIF.TO:
1.91
ZAG.TO:
1.16
PMIF.TO:
2.88
ZAG.TO:
1.70
PMIF.TO:
1.36
ZAG.TO:
1.20
PMIF.TO:
3.53
ZAG.TO:
0.53
PMIF.TO:
8.76
ZAG.TO:
5.01
PMIF.TO:
0.81%
ZAG.TO:
1.30%
PMIF.TO:
3.72%
ZAG.TO:
5.64%
PMIF.TO:
-18.30%
ZAG.TO:
-18.03%
PMIF.TO:
0.00%
ZAG.TO:
-4.92%
Returns By Period
In the year-to-date period, PMIF.TO achieves a 1.57% return, which is significantly higher than ZAG.TO's -0.04% return.
PMIF.TO
1.57%
1.31%
2.17%
7.08%
2.44%
N/A
ZAG.TO
-0.04%
0.25%
1.49%
6.76%
0.05%
1.49%
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PMIF.TO vs. ZAG.TO - Expense Ratio Comparison
Risk-Adjusted Performance
PMIF.TO vs. ZAG.TO — Risk-Adjusted Performance Rank
PMIF.TO
ZAG.TO
PMIF.TO vs. ZAG.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Monthly Income Fund (Canada) (PMIF.TO) and BMO Aggregate Bond Index ETF (ZAG.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.
Dividends
PMIF.TO vs. ZAG.TO - Dividend Comparison
PMIF.TO's dividend yield for the trailing twelve months is around 6.81%, more than ZAG.TO's 3.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMIF.TO PIMCO Monthly Income Fund (Canada) | 6.81% | 6.95% | 6.06% | 3.73% | 3.22% | 3.58% | 3.80% | 3.51% | 0.59% | 0.00% | 0.00% | 0.00% |
ZAG.TO BMO Aggregate Bond Index ETF | 3.45% | 3.44% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% | 3.23% |
Drawdowns
PMIF.TO vs. ZAG.TO - Drawdown Comparison
The maximum PMIF.TO drawdown since its inception was -18.30%, roughly equal to the maximum ZAG.TO drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for PMIF.TO and ZAG.TO. For additional features, visit the drawdowns tool.
Volatility
PMIF.TO vs. ZAG.TO - Volatility Comparison
The current volatility for PIMCO Monthly Income Fund (Canada) (PMIF.TO) is 1.79%, while BMO Aggregate Bond Index ETF (ZAG.TO) has a volatility of 2.48%. This indicates that PMIF.TO experiences smaller price fluctuations and is considered to be less risky than ZAG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.