XEI.TO vs. PMIF-U.TO

Last updated Jul 18, 2026

XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) and PMIF-U.TO (PIMCO Monthly Income Fund (Canada)) are both exchange-traded funds - XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index, while PMIF-U.TO is a Multisector Bonds fund actively managed by PIMCO. XEI.TO is passively managed, while PMIF-U.TO is actively managed. Over the past year, XEI.TO returned 40.00% vs 9.91% for PMIF-U.TO. At a 0.06 correlation, their price movements are largely independent. XEI.TO charges 0.22%/yr vs 0.84%/yr for PMIF-U.TO.

Performance

XEI.TO vs. PMIF-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and PIMCO Monthly Income Fund (Canada) (PMIF-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XEI.TO is traded in CAD, while PMIF-U.TO is traded in USD. To make them comparable, the PMIF-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XEI.TO achieves a 27.84% return, which is significantly higher than PMIF-U.TO's 3.76% return.

XEI.TO

• 1D: -0.10%
• 1M: 3.91%
• 6M: 23.78%
• YTD: 27.84%
• 1Y: 40.00%
• 3Y*: 22.57%
• 5Y*: 15.80%
• 10Y*: 12.04%

PMIF-U.TO

• 1D: -0.14%
• 1M: 0.13%
• 6M: 1.70%
• YTD: 3.76%
• 1Y: 9.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XEI.TO vs. PMIF-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	27.84%	20.86%	15.26%	0.05%
PMIF-U.TO PIMCO Monthly Income Fund (Canada)	3.76%	5.70%	14.73%	0.47%

Correlation

The correlation between XEI.TO and PMIF-U.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 (All Time) Calculated using the full available price history since Dec 28, 2023	0.06

Return for Risk

XEI.TO vs. PMIF-U.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XEI.TO

XEI.TO Risk / Return Rank: 98
XEI.TO Sharpe Ratio Rank: 98
XEI.TO Sortino Ratio Rank: 98
XEI.TO Omega Ratio Rank: 98
XEI.TO Calmar Ratio Rank: 98
XEI.TO Martin Ratio Rank: 98

PMIF-U.TO

PMIF-U.TO Risk / Return Rank: 78
PMIF-U.TO Sharpe Ratio Rank: 86
PMIF-U.TO Sortino Ratio Rank: 88
PMIF-U.TO Omega Ratio Rank: 86
PMIF-U.TO Calmar Ratio Rank: 62
PMIF-U.TO Martin Ratio Rank: 69

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.

XEI.TO vs. PMIF-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and PIMCO Monthly Income Fund (Canada) (PMIF-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.

	XEI.TO	PMIF-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.01	1.78	+3.22
Sortino ratio: Return per unit of downside risk	6.96	2.62	+4.33
Omega ratio: Gain probability vs. loss probability	2.00	1.31	+0.70
Calmar ratio: Return relative to maximum drawdown	9.53	2.98	+6.55
Martin ratio: Return relative to average drawdown	41.89	7.22	+34.67

XEI.TO vs. PMIF-U.TO - Sharpe Ratio Comparison

The current XEI.TO Sharpe Ratio is 5.01, which is higher than the PMIF-U.TO Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of XEI.TO and PMIF-U.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.

Drawdowns

XEI.TO vs. PMIF-U.TO - Drawdown Comparison

The maximum XEI.TO drawdown since its inception was -45.52%, which is greater than PMIF-U.TO's maximum drawdown of -6.19%. Use the drawdown chart below to compare losses from any high point for XEI.TO and PMIF-U.TO.

Drawdown Indicators

	XEI.TO	PMIF-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-45.52%	-6.19%	-39.33%
Max Drawdown (1Y) Largest decline over 1 year	-4.22%	-3.34%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	-9.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.52%	—	—
Current Drawdown Current decline from peak	-0.10%	-2.07%	+1.97%
Average Drawdown Average peak-to-trough decline	-5.07%	-1.38%	-3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.38%	-0.42%

Volatility

XEI.TO vs. PMIF-U.TO - Volatility Comparison

iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) has a higher volatility of 2.15% compared to PIMCO Monthly Income Fund (Canada) (PMIF-U.TO) at 1.68%. This indicates that XEI.TO's price experiences larger fluctuations and is considered to be riskier than PMIF-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XEI.TO	PMIF-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.15%	1.68%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	6.01%	4.25%	+1.76%
Volatility (1Y) Calculated over the trailing 1-year period	8.03%	5.59%	+2.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.29%	6.46%	+4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.00%	6.46%	+9.54%

XEI.TO vs. PMIF-U.TO - Expense Ratio Comparison

XEI.TO has a 0.22% expense ratio, which is lower than PMIF-U.TO's 0.84% expense ratio.

Dividends

XEI.TO vs. PMIF-U.TO - Dividend Comparison

XEI.TO's dividend yield for the trailing twelve months is around 3.39%, less than PMIF-U.TO's 5.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMIF-U.TO PIMCO Monthly Income Fund (Canada)	5.53%	5.50%	6.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	3.39%	4.47%	5.45%	4.97%	4.68%	3.58%	5.03%	4.62%	5.42%	4.29%	4.41%	5.64%

Frequently Asked Questions

Can I hold both XEI.TO and PMIF-U.TO in my portfolio?

XEI.TO and PMIF-U.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.

Which ETF is better, XEI.TO or PMIF-U.TO?

On fees, XEI.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XEI.TO or PMIF-U.TO?

XEI.TO is cheaper with a 0.22% expense ratio, compared with 0.84% for PMIF-U.TO.

What is the main difference between XEI.TO and PMIF-U.TO?

XEI.TO is categorized as Canada Equities, while PMIF-U.TO is Multisector Bonds. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.22% for XEI.TO and 0.84% for PMIF-U.TO.