A side-by-side comparison of PIMCO Monthly Income ETF (PMIF) and Mackenzie Unconstrained Bond ETF (MUB) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | PMIF | MUB |
|---|---|---|
| YTD Return | -2.13% | -1.70%✓ |
| 1-Day Change | -0.17% | +0.17%✓ |
| 1-Week Change | -0.06% | +0.34%✓ |
| 1-Month Change | -1.13% | -0.61%✓ |
| Current Price | $17.92 | $17.88 |
| AUM | $4.82B✓ | $1.15B |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 5.52%✓ | 4.64% |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2017-09-29 | 2016-04-19 |
| Holdings Count | 2 | 3 |
| MorningStar Rating | ★★★★ | ★★★ |
| Category | Multi-Sector Fixed Income | Multi-Sector Fixed Income |
| Beta | 0.54 | 0.48 |
| 52-Week High | $18.15 | $18.15 |
| 52-Week Low | $17.05 | $17.33 |
| 50-Day MA | $18.02 | $17.94 |
| 200-Day MA | $18.25 | $18.18 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | PMIF | MUB |
|---|---|---|
| YTD | -2.13% | -1.70%✓ |
| 1 Year | +5.55%✓ | +2.55% |
| 3 Year | +6.04%✓ | +4.66% |
| 5 Year | +3.05%✓ | +1.67% |
| 10 Year | — | +2.96% |
| 1Y Volatility | 3.01% | 2.56% |
| Sharpe Ratio (3Y) | 0.65 | 0.30 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | GU5 | Low Sulphur Gas Oil Futures Sept25 | 3.51% |
| 2 | FGBLU25 | Euro Bund Future Sept 25 | 3.18% |
| 1 | MAAA | Mackenzie AAA CLO ETF | 2.60% |
| 2 | QUIG | Mackenzie US Investment Grade Corporate Bond Index ETF (CAD-Hedged) | 2.22% |
| 3 | MFT | Mackenzie Floating Rate Income ETF | 1.96% |
Sector Weights
| Sector | PMIF | MUB |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About PMIF
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About MUB
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Which ETF is Right for You?
Both PMIF and MUB are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, PMIF scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between PMIF and MUB?
PMIF (PIMCO Monthly Income ETF) and MUB (Mackenzie Unconstrained Bond ETF) are both Canadian-listed ETFs. Key differences include their AUM ($4.82B vs $1.15B), dividend yield (5.52% vs 4.64%), and year-to-date performance (-2.13% vs -1.70%).
Is PMIF better than MUB?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy PMIF and MUB on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both PMIF and MUB should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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