PMNT.TO vs. PLDI.TO
PMNT.TO (PIMCO Global Short Maturity Fund (Canada)) and PLDI.TO (PIMCO Low Duration Monthly Income Fund (Canada)) are both exchange-traded funds - PMNT.TO is a Ultrashort Bond fund actively managed by PIMCO Canada Corp., while PLDI.TO is a Short-Term Bond fund actively managed by PIMCO Canada Corp.. Both are actively managed. Over the past 5 years, PMNT.TO returned 2.97%/yr vs 2.95%/yr for PLDI.TO. At a 0.07 correlation, their price movements are largely independent. PMNT.TO charges 0.39%/yr vs 0.87%/yr for PLDI.TO.
Performance
PMNT.TO vs. PLDI.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 PLDI.TO's -0.39% 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%
PLDI.TO
- 1D
- -0.27%
- 1M
- -1.07%
- 6M
- -0.28%
- YTD
- -0.39%
- 1Y
- 2.68%
- 3Y*
- 4.89%
- 5Y*
- 2.95%
- 10Y*
- —
- ALL TIME*
- 3.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$140.89K | CA$154.04K | CA$132.61K | |
| CA$53.98K | CA$50.33K | CA$54.94K |
PMNT.TO vs. PLDI.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% | 2.11% |
PLDI.TO PIMCO Low Duration Monthly Income Fund (Canada) | -0.39% | 6.61% | 5.93% | 5.62% | -2.88% | 2.21% | 3.11% | 4.33% |
Correlation
The correlation between PMNT.TO and PLDI.TO is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.07 |
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Return for Risk
PMNT.TO vs. PLDI.TO — Risk / Return Rank
PMNT.TO
PLDI.TO
PMNT.TO vs. PLDI.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 Low Duration Monthly Income Fund (Canada) (PLDI.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 | PLDI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.11 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 1.32 | +2.70 |
| Martin ratioReturn relative to average drawdown | 13.37 | 3.91 | +9.46 |
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Drawdowns
PMNT.TO vs. PLDI.TO - Drawdown Comparison
The maximum PMNT.TO drawdown since its inception was -6.81%, roughly equal to the maximum PLDI.TO drawdown of -6.86%. Use the drawdown chart below to compare losses from any high point for PMNT.TO and PLDI.TO.
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Drawdown Indicators
| PMNT.TO | PLDI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.81% | -6.86% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.63% | -2.03% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -1.15% | -2.55% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -1.94% | -5.56% | +3.62% |
Current DrawdownCurrent decline from peak | 0.00% | -1.18% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -1.05% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.69% | -0.49% |
Volatility
PMNT.TO vs. PLDI.TO - Volatility Comparison
The current volatility for PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) is 0.23%, while PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) has a volatility of 1.11%. This indicates that PMNT.TO experiences smaller price fluctuations and is considered to be less risky than PLDI.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 | PLDI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 1.11% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 0.70% | 3.51% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.77% | 4.59% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.13% | 4.18% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.18% | 4.24% | -1.06% |
PMNT.TO vs. PLDI.TO - Expense Ratio Comparison
PMNT.TO has a 0.39% expense ratio, which is lower than PLDI.TO's 0.87% expense ratio.
Dividends
PMNT.TO vs. PLDI.TO - Dividend Comparison
PMNT.TO's dividend yield for the trailing twelve months is around 4.38%, more than PLDI.TO's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PLDI.TO PIMCO Low Duration Monthly Income Fund (Canada) | 3.56% | 4.36% | 7.04% | 5.80% | 3.29% | 2.04% | 4.78% | 2.50% |
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 PLDI.TO have a correlation of 0.01, 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 0.87% for PLDI.TO.
PMNT.TO is categorized as Ultrashort Bond, while PLDI.TO is Short-Term Bond. Their fees differ too: 0.39% for PMNT.TO and 0.87% for PLDI.TO.
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