PMNT.TO vs. PMIF.TO
PMNT.TO (PIMCO Global Short Maturity Fund (Canada)) and PMIF.TO (PIMCO Monthly Income Fund (Canada)) are both exchange-traded funds - PMNT.TO is a Ultrashort Bond fund actively managed by PIMCO Canada Corp., while PMIF.TO is a Multisector Bonds fund actively managed by PIMCO Canada Corp.. Both are actively managed. Over the past 5 years, PMNT.TO returned 2.97%/yr vs 2.83%/yr for PMIF.TO. At a 0.04 correlation, their price movements are largely independent. PMNT.TO charges 0.39%/yr vs 0.86%/yr for PMIF.TO.
Performance
PMNT.TO vs. PMIF.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 PMIF.TO's -0.75% 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%
PMIF.TO
- 1D
- 0.05%
- 1M
- -1.50%
- 6M
- -1.08%
- YTD
- -0.75%
- 1Y
- 4.12%
- 3Y*
- 5.64%
- 5Y*
- 2.83%
- 10Y*
- —
- ALL TIME*
- 3.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$3.15M | CA$3.16M | CA$3.32M | |
| CA$53.98K | CA$50.33K | CA$54.94K |
PMNT.TO vs. PMIF.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% |
PMIF.TO PIMCO Monthly Income Fund (Canada) | -0.75% | 9.04% | 5.20% | 7.55% | -6.32% | 1.90% | 3.93% | 5.50% |
Correlation
The correlation between PMNT.TO and PMIF.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 | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2019 | 0.04 |
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Return for Risk
PMNT.TO vs. PMIF.TO — Risk / Return Rank
PMNT.TO
PMIF.TO
PMNT.TO vs. PMIF.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 Monthly Income Fund (Canada) (PMIF.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 | PMIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | 1.29 | +2.73 |
| Martin ratioReturn relative to average drawdown | 13.37 | 4.44 | +8.93 |
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Drawdowns
PMNT.TO vs. PMIF.TO - Drawdown Comparison
The maximum PMNT.TO drawdown since its inception was -6.81%, smaller than the maximum PMIF.TO drawdown of -18.30%. Use the drawdown chart below to compare losses from any high point for PMNT.TO and PMIF.TO.
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Drawdown Indicators
| PMNT.TO | PMIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.81% | -18.30% | +11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.63% | -3.22% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -1.15% | -3.98% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -1.94% | -10.25% | +8.31% |
Current DrawdownCurrent decline from peak | 0.00% | -2.05% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -0.36% | -1.86% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.93% | -0.73% |
Volatility
PMNT.TO vs. PMIF.TO - Volatility Comparison
The current volatility for PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) is 0.23%, while PIMCO Monthly Income Fund (Canada) (PMIF.TO) has a volatility of 1.12%. This indicates that PMNT.TO experiences smaller price fluctuations and is considered to be less risky than PMIF.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 | PMIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 1.12% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 0.70% | 3.12% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.77% | 3.70% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.13% | 4.83% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.18% | 5.80% | -2.62% |
PMNT.TO vs. PMIF.TO - Expense Ratio Comparison
PMNT.TO has a 0.39% expense ratio, which is lower than PMIF.TO's 0.86% expense ratio.
Dividends
PMNT.TO vs. PMIF.TO - Dividend Comparison
PMNT.TO's dividend yield for the trailing twelve months is around 4.38%, less than PMIF.TO's 5.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PMIF.TO PIMCO Monthly Income Fund (Canada) | 5.72% | 5.50% | 6.96% | 6.06% | 3.73% | 3.22% | 3.58% | 3.80% | 3.51% | 0.59% |
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 PMIF.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 0.86% for PMIF.TO.
PMNT.TO is categorized as Ultrashort Bond, while PMIF.TO is Multisector Bonds. Their fees differ too: 0.39% for PMNT.TO and 0.86% for PMIF.TO.
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