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PIMCO Canadian Core Bond Fund (CORE.TO) Sharpe Ratio: 1.09

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.

CORE.TO's Sharpe Ratio of 1.09 indicates that for each unit of volatility, it generates 1.09 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

CORE.TO Sharpe Ratio Rank

CORE.TO Sharpe Ratio Rank: 30.731
Below Average

CORE.TO ranks above 30.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

CORE.TO Sharpe Ratio Market Positioning

The chart shows CORE.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.85 or lower
  • Yellow zone (middle 50%): 0.85 to 2.40
  • Green zone (top 25%): 2.40 or higher
  • Top 1%: 7.80+
  • Median: 1.69 — half of all investments score higher

How it compares to other similar ETFs

The table compares PIMCO Canadian Core Bond Fund's Sharpe Ratio with other ETFs in the Canadian Government Bonds category across multiple time periods, showing how CORE.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CBIL.TOGlobal X 0-3 Month T-Bill ETF9.47
VVSG.TOVanguard Canadian Ultra-Short Government Bond Index ETF6.32
TCSH.TOTD Cash Management ETF5.79
XFR.TOiShares Floating Rate Index ETF4.12
ZBI.TOBMO Canadian Bank Income Index ETF2.59
XSHG.TOiShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF1.95
ZCS.TOBMO Short Corporate Bond Index ETF1.95
XSH.TOiShares Core Canadian Short Term Corporate Bond Index ETF1.79
CBO.TOiShares 1-5 Year Laddered Corporate Bond Index ETF1.57
ZST.TOBMO Ultra Short-Term Bond ETF1.56
CORE.TOPIMCO Canadian Core Bond Fund1.09

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows CORE.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when CORE.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does CORE.TO fit in your portfolio?

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