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PIMCO Canadian Core Bond Fund (CORE.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 4, 2026

The PIMCO Canadian Core Bond Fund aims to provide diversification and potentially higher returns than the FTSE Canada Universe Index by seeking value across all bond market sectors, serving as a core fixed income holding. It is designed to complement equity portfolios by offering lower volatility and reduced risk through a Total Return Strategy.

Looking to diversify beyond CORE.TO? The ETFs below have the lowest correlation with CORE.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CORE.TO.

Best Diversifiers for CORE.TO

10 ETFs have low correlation with CORE.TO (below 0.3), 2 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NNRG.NEO
Ninepoint Energy ETF-0.36——
79
Energy EquitiesCORE.TO vs NNRG.NEO
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF-0.01——
98
Canada EquitiesCORE.TO vs XEI.TO
CBIL.TO
Global X 0-3 Month T-Bill ETF0.01——
99
Canadian Government BondsCORE.TO vs CBIL.TO
XFR.TO
iShares Floating Rate Index ETF0.03——
98
Canadian Government BondsCORE.TO vs XFR.TO
TCSH.TO
TD Cash Management ETF0.05——
99
Canadian Government BondsCORE.TO vs TCSH.TO
See all 18 diversifiers for CORE.TO

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Diversification Analysis

Build a portfolio that complements CORE.TO

Add CORE.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with CORE.TO