A side-by-side comparison of Evolve Active Global Fixed Income Fund (EARN) and PIMCO Monthly Income ETF (PMIF) 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 | EARN | PMIF |
|---|---|---|
| YTD Return | -1.53%✓ | -1.69% |
| 1-Day Change | -0.29%✓ | -0.39% |
| 1-Week Change | -0.04%✓ | -0.22% |
| 1-Month Change | 0.00%✓ | -0.25% |
| Current Price | $48.21 | $18.00 |
| AUM | $30M | $4.69B✓ |
| MER (Expense Ratio) | 0.65% | 0%✓ |
| Dividend Yield | 3.83% | 5.41%✓ |
| Distribution Frequency | Monthly | Monthly |
| Inception Date | 2018-11-09 | 2017-09-29 |
| Holdings Count | 10 | 2 |
| MorningStar Rating | ★★★ | ★★★★ |
| Category | Multi-Sector Fixed Income | Multi-Sector Fixed Income |
| Beta | 0.20 | 0.47 |
| 52-Week High | $48.65 | $18.15 |
| 52-Week Low | $46.95 | $16.98 |
| 50-Day MA | $48.19 | $18.04 |
| 200-Day MA | $48.84 | $18.27 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | EARN | PMIF |
|---|---|---|
| YTD | -1.53%✓ | -1.69% |
| 1 Year | +2.34% | +6.20%✓ |
| 3 Year | +4.97% | +6.45%✓ |
| 5 Year | +2.56% | +3.12%✓ |
| 10 Year | — | — |
| 1Y Volatility | 2.63% | 3.29% |
| Sharpe Ratio (3Y) | 0.65 | 0.67 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | United States Treasury Bills | 2.60% | |
| 2 | Credit Agricole Assurances 4.25% | 1.75% | |
| 3 | Orano SA 3.38% | 1.68% | |
| 4 | Arrow Cmbs 2018 DAC 1.1% | 1.63% | |
| 5 | FCT CREDIT AGRICOLE HABITAT 2018 0% | 1.55% | |
| 6 | Petroleos Mexicanos 6.88% | 1.46% | |
| 7 | Arcelik A.S. 5% | 1.37% | |
| 8 | HSBC Holdings plc 5.88% | 1.36% | |
| 9 | Verisure Holding AB 3.25% | 1.30% | |
| 10 | Nexi SPA 1.62% | 1.28% |
| 1 | GU5 | Low Sulphur Gas Oil Futures Sept25 | 3.51% |
| 2 | FGBLU25 | Euro Bund Future Sept 25 | 3.18% |
Sector Weights
| Sector | EARN | PMIF |
|---|---|---|
| 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 EARN
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About PMIF
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Which ETF is Right for You?
Both EARN and PMIF 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 EARN and PMIF?
EARN (Evolve Active Global Fixed Income Fund) and PMIF (PIMCO Monthly Income ETF) are both Canadian-listed ETFs. Key differences include their AUM ($30M vs $4.69B), dividend yield (3.83% vs 5.41%), and year-to-date performance (-1.53% vs -1.69%).
Is EARN better than PMIF?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, EARN has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy EARN and PMIF on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both EARN and PMIF should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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