PMNT.TO vs. IGCF.TO
PMNT.TO (PIMCO Global Short Maturity Fund (Canada)) and IGCF.TO (PIMCO Investment Grade Credit Fund (Canada)) are both exchange-traded funds - PMNT.TO is a Ultrashort Bond fund actively managed by PIMCO Canada Corp., while IGCF.TO is a Global Corporate Bonds fund actively managed by PIMCO Canada Corp.. Both are actively managed. Over the past 5 years, PMNT.TO returned 2.97%/yr vs -1.32%/yr for IGCF.TO. At a 0.08 correlation, their price movements are largely independent. PMNT.TO charges 0.39%/yr vs 0.83%/yr for IGCF.TO.
Performance
PMNT.TO vs. IGCF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PMNT.TO achieves a 1.64% return, which is significantly higher than IGCF.TO's -1.65% return.
PMNT.TO
- 1D
- 0.10%
- 1M
- 0.15%
- 6M
- 1.35%
- YTD
- 1.64%
- 1Y
- 2.52%
- 3Y*
- 4.19%
- 5Y*
- 2.97%
- 10Y*
- —
- ALL TIME*
- 2.53%
IGCF.TO
- 1D
- -0.12%
- 1M
- -1.47%
- 6M
- -1.83%
- YTD
- -1.65%
- 1Y
- 2.21%
- 3Y*
- 3.39%
- 5Y*
- -1.32%
- 10Y*
- —
- ALL TIME*
- 1.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$11.18K | CA$11.38K | CA$15.05K | |
| CA$53.98K | CA$50.33K | CA$54.94K |
PMNT.TO vs. IGCF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PMNT.TO PIMCO Global Short Maturity Fund (Canada) | 1.64% | 3.11% | 5.26% | 5.42% | -0.37% | 0.35% | 1.21% | 2.41% |
IGCF.TO PIMCO Investment Grade Credit Fund (Canada) | -1.65% | 7.04% | 1.51% | 6.04% | -16.84% | -0.40% | 6.51% | 10.71% |
Correlation
The correlation between PMNT.TO and IGCF.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2019 | 0.08 |
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Return for Risk
PMNT.TO vs. IGCF.TO — Risk / Return Rank
PMNT.TO
IGCF.TO
PMNT.TO vs. IGCF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) and PIMCO Investment Grade Credit Fund (Canada) (IGCF.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PMNT.TO | IGCF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.05 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 0.41 | +3.61 |
| Martin ratioReturn relative to average drawdown | 13.37 | 1.00 | +12.37 |
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Drawdowns
PMNT.TO vs. IGCF.TO - Drawdown Comparison
The maximum PMNT.TO drawdown since its inception was -6.81%, smaller than the maximum IGCF.TO drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for PMNT.TO and IGCF.TO.
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Drawdown Indicators
| PMNT.TO | IGCF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.81% | -22.91% | +16.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.63% | -3.75% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -1.15% | -6.40% | +5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -1.94% | -22.50% | +20.56% |
Current DrawdownCurrent decline from peak | 0.00% | -7.44% | +7.44% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -7.45% | +7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 1.53% | -1.33% |
Volatility
PMNT.TO vs. IGCF.TO - Volatility Comparison
The current volatility for PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) is 0.23%, while PIMCO Investment Grade Credit Fund (Canada) (IGCF.TO) has a volatility of 0.87%. This indicates that PMNT.TO experiences smaller price fluctuations and is considered to be less risky than IGCF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMNT.TO | IGCF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 0.87% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 0.70% | 4.32% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.77% | 5.72% | -3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.13% | 10.04% | -7.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.18% | 10.13% | -6.95% |
PMNT.TO vs. IGCF.TO - Expense Ratio Comparison
PMNT.TO has a 0.39% expense ratio, which is lower than IGCF.TO's 0.83% expense ratio.
Dividends
PMNT.TO vs. IGCF.TO - Dividend Comparison
PMNT.TO's dividend yield for the trailing twelve months is around 4.38%, more than IGCF.TO's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IGCF.TO PIMCO Investment Grade Credit Fund (Canada) | 3.07% | 3.81% | 4.51% | 3.82% | 4.31% | 2.50% | 2.41% | 3.22% | 4.22% | 0.54% |
PMNT.TO PIMCO Global Short Maturity Fund (Canada) | 4.38% | 4.65% | 5.48% | 4.92% | 2.60% | 1.17% | 2.68% | 2.09% | 0.00% | 0.00% |
Frequently Asked Questions
PMNT.TO and IGCF.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PMNT.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PMNT.TO is cheaper with a 0.39% expense ratio, compared with 0.83% for IGCF.TO.
PMNT.TO is categorized as Ultrashort Bond, while IGCF.TO is Global Corporate Bonds. Their fees differ too: 0.39% for PMNT.TO and 0.83% for IGCF.TO.
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