ZAG.TO vs. PMIF.TO
Compare and contrast key facts about BMO Aggregate Bond Index ETF (ZAG.TO) and PIMCO Monthly Income Fund (Canada) (PMIF.TO).
ZAG.TO and PMIF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZAG.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Universe Bond Index. It was launched on Jan 19, 2010.
Performance
ZAG.TO vs. PMIF.TO - Performance Comparison
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ZAG.TO vs. PMIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZAG.TO BMO Aggregate Bond Index ETF | 0.04% | 2.25% | 4.48% | 6.41% | -11.60% | -2.60% | 8.34% | 6.84% | 1.12% | 2.51% |
PMIF.TO PIMCO Monthly Income Fund (Canada) | -0.78% | 9.01% | 5.20% | 7.58% | -6.32% | 1.90% | 3.93% | 7.09% | 0.59% | 0.54% |
Returns By Period
In the year-to-date period, ZAG.TO achieves a 0.04% return, which is significantly higher than PMIF.TO's -0.78% return.
ZAG.TO
- 1D
- 0.15%
- 1M
- -2.08%
- YTD
- 0.04%
- 6M
- -0.26%
- 1Y
- 0.56%
- 3Y*
- 3.34%
- 5Y*
- 0.58%
- 10Y*
- 1.66%
PMIF.TO
- 1D
- 0.56%
- 1M
- -2.08%
- YTD
- -0.78%
- 6M
- 1.27%
- 1Y
- 5.43%
- 3Y*
- 6.41%
- 5Y*
- 3.12%
- 10Y*
- —
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ZAG.TO vs. PMIF.TO - Expense Ratio Comparison
Return for Risk
ZAG.TO vs. PMIF.TO — Risk / Return Rank
ZAG.TO
PMIF.TO
ZAG.TO vs. PMIF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Aggregate Bond Index ETF (ZAG.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.
| ZAG.TO | PMIF.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 1.52 | -1.40 |
Sortino ratioReturn per unit of downside risk | 0.19 | 2.11 | -1.92 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.28 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.67 | -1.37 |
Martin ratioReturn relative to average drawdown | 0.60 | 6.65 | -6.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZAG.TO | PMIF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 1.52 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.66 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.56 | -0.12 |
Correlation
The correlation between ZAG.TO and PMIF.TO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ZAG.TO vs. PMIF.TO - Dividend Comparison
ZAG.TO's dividend yield for the trailing twelve months is around 3.48%, less than PMIF.TO's 5.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZAG.TO BMO Aggregate Bond Index ETF | 3.48% | 3.48% | 3.44% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% |
PMIF.TO PIMCO Monthly Income Fund (Canada) | 5.45% | 5.50% | 6.95% | 6.06% | 3.73% | 3.22% | 3.58% | 3.80% | 3.51% | 0.59% | 0.00% | 0.00% |
Drawdowns
ZAG.TO vs. PMIF.TO - Drawdown Comparison
The maximum ZAG.TO drawdown since its inception was -18.03%, roughly equal to the maximum PMIF.TO drawdown of -18.30%. Use the drawdown chart below to compare losses from any high point for ZAG.TO and PMIF.TO.
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Drawdown Indicators
| ZAG.TO | PMIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.03% | -18.30% | +0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -3.22% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -10.25% | -5.52% |
Max Drawdown (10Y)Largest decline over 10 years | -18.03% | — | — |
Current DrawdownCurrent decline from peak | -2.71% | -2.08% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -1.89% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.81% | +0.60% |
Volatility
ZAG.TO vs. PMIF.TO - Volatility Comparison
BMO Aggregate Bond Index ETF (ZAG.TO) has a higher volatility of 1.90% compared to PIMCO Monthly Income Fund (Canada) (PMIF.TO) at 1.78%. This indicates that ZAG.TO's price experiences larger fluctuations and is considered to be riskier 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
| ZAG.TO | PMIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 1.78% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 2.48% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 3.59% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 4.73% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 5.85% | +1.24% |