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PMNT.TO vs. TCSH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PMNT.TO vs. TCSH.TO

Last updated Jul 25, 2026
Documentation

PMNT.TO (PIMCO Global Short Maturity Fund (Canada)) and TCSH.TO (TD Cash Management ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past year, PMNT.TO returned 2.52% vs 2.57% for TCSH.TO. At a correlation of -0.03, they often move in opposite directions. PMNT.TO charges 0.39%/yr vs 0.16%/yr for TCSH.TO.

Performance

PMNT.TO vs. TCSH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) and TD Cash Management ETF (TCSH.TO). The values are adjusted to include any dividend payments, if applicable.

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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 TCSH.TO's 1.18% 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%

TCSH.TO

1D
0.00%
1M
0.19%
6M
1.18%
YTD
1.18%
1Y
2.57%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
3.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

PMNT.TO

PIMCO Global Short Maturity Fund (Canada)
CA$53.98KCA$50.33KCA$54.94K

TCSH.TO

TD Cash Management ETF
CA$8.60MCA$9.25MCA$9.56M

PMNT.TO vs. TCSH.TO - Yearly Performance Comparison

2026 (YTD)20252024
PMNT.TO
PIMCO Global Short Maturity Fund (Canada)		1.64%3.11%4.19%
TCSH.TO
TD Cash Management ETF		1.18%3.09%4.22%

Correlation

The correlation between PMNT.TO and TCSH.TO is -0.03, 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

-0.03

Correlation (All Time)
Calculated using the full available price history since Feb 23, 2024

-0.03

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PIMCO Global Short Maturity Fund (Canada)

TD Cash Management ETF

Often compared with PMNT.TO:
PMNT.TO vs. EARN.TOPMNT.TO vs. PMIF.TOPMNT.TO vs. CRED.TOPMNT.TO vs. PCOR.TO
Often compared with TCSH.TO:
TCSH.TO vs. CASH.TOTCSH.TO vs. ZMMK.TOTCSH.TO vs. CBIL.TOTCSH.TO vs. PSA.TOTCSH.TO vs. ZST.TOTCSH.TO vs. MNY.TOTCSH.TO vs. ZCM.TO

Return for Risk

PMNT.TO vs. TCSH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PMNT.TO
PMNT.TO Risk / Return Rank: 7777
Overall Rank
PMNT.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
PMNT.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
PMNT.TO Omega Ratio Rank: 8383
Omega Ratio Rank
PMNT.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
PMNT.TO Martin Ratio Rank: 8888
Martin Ratio Rank
TCSH.TO
TCSH.TO Risk / Return Rank: 9999
Overall Rank
TCSH.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
TCSH.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
TCSH.TO Omega Ratio Rank: 9999
Omega Ratio Rank
TCSH.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
TCSH.TO Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PMNT.TO vs. TCSH.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 TD Cash Management ETF (TCSH.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.TOTCSH.TODifference
Sharpe ratioReturn per unit of total volatility
1.44
5.89

-4.45

Sortino ratioReturn per unit of downside risk
2.03
11.03

-9.00

Omega ratioGain probability vs. loss probability

1.36

2.97

-1.62

Calmar ratioReturn relative to maximum drawdown

4.02

25.89

-21.87

Martin ratioReturn relative to average drawdown

13.37

107.23

-93.86

PMNT.TO vs. TCSH.TO - Sharpe Ratio Comparison

The current PMNT.TO Sharpe Ratio is 1.44, which is lower than the TCSH.TO Sharpe Ratio of 5.89. The chart below compares the historical Sharpe Ratios of PMNT.TO and TCSH.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PMNT.TO vs. TCSH.TO - Drawdown Comparison

The maximum PMNT.TO drawdown since its inception was -6.81%, which is greater than TCSH.TO's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for PMNT.TO and TCSH.TO.

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Drawdown Indicators

PMNT.TOTCSH.TODifference

Max Drawdown

Largest peak-to-trough decline

-6.81%

-0.54%

-6.27%

Max Drawdown (1Y)

Largest decline over 1 year

-0.63%

-0.10%

-0.53%

Max Drawdown (3Y)

Largest decline over 3 years

-1.15%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-1.94%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.04%

+0.04%

Average Drawdown

Average peak-to-trough decline

-0.36%

-0.01%

-0.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.20%

0.02%

+0.18%

Volatility

PMNT.TO vs. TCSH.TO - Volatility Comparison

PIMCO Global Short Maturity Fund (Canada) (PMNT.TO) has a higher volatility of 0.23% compared to TD Cash Management ETF (TCSH.TO) at 0.09%. This indicates that PMNT.TO's price experiences larger fluctuations and is considered to be riskier than TCSH.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.TOTCSH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.23%

0.09%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

0.70%

0.26%

+0.44%

Volatility (1Y)

Calculated over the trailing 1-year period

1.77%

0.44%

+1.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.13%

0.68%

+1.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.18%

0.68%

+2.50%

PMNT.TO vs. TCSH.TO - Expense Ratio Comparison

PMNT.TO has a 0.39% expense ratio, which is higher than TCSH.TO's 0.16% expense ratio.

Dividends

PMNT.TO vs. TCSH.TO - Dividend Comparison

PMNT.TO's dividend yield for the trailing twelve months is around 4.38%, more than TCSH.TO's 2.60% yield.

PositionTTM2025202420232022202120202019
PMNT.TO
PIMCO Global Short Maturity Fund (Canada)		4.38%4.65%5.48%4.92%2.60%1.17%2.68%2.09%
TCSH.TO
TD Cash Management ETF		2.60%3.03%4.21%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

PMNT.TO and TCSH.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TCSH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TCSH.TO is cheaper with a 0.16% expense ratio, compared with 0.39% for PMNT.TO.

They also come from different issuers: PIMCO Canada Corp. and TD. Their fees differ too: 0.39% for PMNT.TO and 0.16% for TCSH.TO.

Portfolio Optimizer

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