CORE.TO vs. CLG.TO
CORE.TO (PIMCO Canadian Core Bond Fund) and CLG.TO (iShares 1-10 Year Laddered Government Bond Index ETF) are both Canadian Government Bonds funds. CORE.TO is actively managed, while CLG.TO is passively managed. Over the past year, CORE.TO returned 4.48% vs 2.87% for CLG.TO. Their correlation of 0.83 suggests significant overlap in exposure. CORE.TO charges 0.32%/yr vs 0.17%/yr for CLG.TO.
Performance
CORE.TO vs. CLG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CORE.TO achieves a 2.24% return, which is significantly higher than CLG.TO's 1.12% return.
CORE.TO
- 1D
- 0.00%
- 1M
- 1.93%
- YTD
- 2.24%
- 6M
- 1.42%
- 1Y
- 4.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLG.TO
- 1D
- -0.06%
- 1M
- 1.14%
- YTD
- 1.12%
- 6M
- 0.59%
- 1Y
- 2.87%
- 3Y*
- 4.04%
- 5Y*
- 1.34%
- 10Y*
- 1.52%
CORE.TO vs. CLG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CORE.TO PIMCO Canadian Core Bond Fund | 2.24% | 4.02% | 0.77% |
CLG.TO iShares 1-10 Year Laddered Government Bond Index ETF | 1.12% | 3.35% | 1.31% |
Correlation
The correlation between CORE.TO and CLG.TO is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2024 | 0.83 |
The correlation between CORE.TO and CLG.TO has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.
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Return for Risk
CORE.TO vs. CLG.TO — Risk / Return Rank
CORE.TO
CLG.TO
CORE.TO vs. CLG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Canadian Core Bond Fund (CORE.TO) and iShares 1-10 Year Laddered Government Bond Index ETF (CLG.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.
| CORE.TO | CLG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.49 | +0.01 |
| Martin ratioReturn relative to average drawdown | 3.71 | 3.71 | 0.00 |
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
| CORE.TO | CLG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.96 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.31 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.54 | +0.26 |
Drawdowns
CORE.TO vs. CLG.TO - Drawdown Comparison
The maximum CORE.TO drawdown since its inception was -3.48%, smaller than the maximum CLG.TO drawdown of -10.74%. Use the drawdown chart below to compare losses from any high point for CORE.TO and CLG.TO.
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Drawdown Indicators
| CORE.TO | CLG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.48% | -10.74% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -1.93% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.74% | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.56% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -2.00% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.77% | +0.44% |
Volatility
CORE.TO vs. CLG.TO - Volatility Comparison
PIMCO Canadian Core Bond Fund (CORE.TO) has a higher volatility of 1.46% compared to iShares 1-10 Year Laddered Government Bond Index ETF (CLG.TO) at 1.13%. This indicates that CORE.TO's price experiences larger fluctuations and is considered to be riskier than CLG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORE.TO | CLG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.13% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 2.34% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 3.00% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 4.31% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 4.34% | +0.67% |
CORE.TO vs. CLG.TO - Expense Ratio Comparison
CORE.TO has a 0.32% expense ratio, which is higher than CLG.TO's 0.17% expense ratio.
Dividends
CORE.TO vs. CLG.TO - Dividend Comparison
CORE.TO's dividend yield for the trailing twelve months is around 3.36%, more than CLG.TO's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLG.TO iShares 1-10 Year Laddered Government Bond Index ETF | 2.54% | 2.54% | 2.53% | 2.51% | 2.55% | 2.61% | 2.59% | 2.88% | 3.02% | 3.17% | 3.25% | 3.34% |
CORE.TO PIMCO Canadian Core Bond Fund | 3.36% | 3.42% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CORE.TO and CLG.TO have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLG.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLG.TO is cheaper with a 0.17% expense ratio, compared with 0.32% for CORE.TO.
They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.32% for CORE.TO and 0.17% for CLG.TO.
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