PMNT.TO vs. MNU-U.TO
PMNT.TO (PIMCO Global Short Maturity Fund (Canada)) and MNU-U.TO (Purpose USD Cash Management ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 3 years, PMNT.TO returned 4.19%/yr vs 7.11%/yr for MNU-U.TO. At a 0.04 correlation, their price movements are largely independent. PMNT.TO charges 0.39%/yr vs 0.20%/yr for MNU-U.TO.
Performance
PMNT.TO vs. MNU-U.TO - Performance Comparison
Loading charts...
Different Trading Currencies
PMNT.TO is traded in CAD, while MNU-U.TO is traded in USD. To make them comparable, the MNU-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PMNT.TO achieves a 1.64% return, which is significantly lower than MNU-U.TO's 5.05% 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%
MNU-U.TO
- 1D
- 0.09%
- 1M
- -0.50%
- 6M
- 4.11%
- YTD
- 5.05%
- 1Y
- 7.62%
- 3Y*
- 7.11%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MNU-U.TO Purpose USD Cash Management ETF | CA$567.31K | CA$538.35K | CA$506.43K |
| CA$53.98K | CA$50.33K | CA$54.94K |
PMNT.TO vs. MNU-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PMNT.TO PIMCO Global Short Maturity Fund (Canada) | 1.64% | 3.11% | 5.26% | 3.81% |
MNU-U.TO Purpose USD Cash Management ETF | 5.05% | -0.55% | 14.20% | 0.78% |
Correlation
The correlation between PMNT.TO and MNU-U.TO is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.04 |
The correlation between PMNT.TO and MNU-U.TO shifts across timeframes, from -0.08 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PMNT.TO vs. MNU-U.TO — Risk / Return Rank
PMNT.TO
MNU-U.TO
PMNT.TO vs. MNU-U.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 Purpose USD Cash Management ETF (MNU-U.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 | MNU-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 2.03 | +1.99 |
| Martin ratioReturn relative to average drawdown | 13.37 | 5.55 | +7.82 |
Loading charts...
Drawdowns
PMNT.TO vs. MNU-U.TO - Drawdown Comparison
The maximum PMNT.TO drawdown since its inception was -6.81%, which is greater than MNU-U.TO's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for PMNT.TO and MNU-U.TO.
Loading charts...
Drawdown Indicators
| PMNT.TO | MNU-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.81% | -6.27% | -0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.63% | -3.77% | +3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -1.15% | -6.27% | +5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -1.94% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.68% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -1.81% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 1.38% | -1.18% |
Volatility
PMNT.TO vs. MNU-U.TO - Volatility Comparison
The current volatility for PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) is 0.23%, while Purpose USD Cash Management ETF (MNU-U.TO) has a volatility of 0.99%. This indicates that PMNT.TO experiences smaller price fluctuations and is considered to be less risky than MNU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PMNT.TO | MNU-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 0.99% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 0.70% | 3.28% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.77% | 4.31% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.13% | 5.36% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.18% | 5.36% | -2.18% |
PMNT.TO vs. MNU-U.TO - Expense Ratio Comparison
PMNT.TO has a 0.39% expense ratio, which is higher than MNU-U.TO's 0.20% expense ratio.
Dividends
PMNT.TO vs. MNU-U.TO - Dividend Comparison
PMNT.TO's dividend yield for the trailing twelve months is around 4.38%, more than MNU-U.TO's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
MNU-U.TO Purpose USD Cash Management ETF | 3.80% | 4.17% | 5.26% | 3.62% | 0.00% | 0.00% | 0.00% | 0.00% |
PMNT.TO PIMCO Global Short Maturity Fund (Canada) | 4.38% | 4.65% | 5.48% | 4.92% | 2.60% | 1.17% | 2.68% | 2.09% |
Frequently Asked Questions
PMNT.TO and MNU-U.TO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNU-U.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNU-U.TO is cheaper with a 0.20% expense ratio, compared with 0.39% for PMNT.TO.
They also come from different issuers: PIMCO Canada Corp. and Purpose Investments. Their fees differ too: 0.39% for PMNT.TO and 0.20% for MNU-U.TO.
Find the right allocation for PMNT.TO and MNU-U.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer