CORE.TO vs. VVSG.TO
CORE.TO (PIMCO Canadian Core Bond Fund) and VVSG.TO (Vanguard Canadian Ultra-Short Government Bond Index ETF) are both Canadian Government Bonds funds. CORE.TO is actively managed, while VVSG.TO is passively managed. Over the past year, CORE.TO returned 4.48% vs 2.30% for VVSG.TO. At a 0.26 correlation, their price movements are largely independent. CORE.TO charges 0.32%/yr vs 0.12%/yr for VVSG.TO.
Performance
CORE.TO vs. VVSG.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 VVSG.TO's 0.91% return.
CORE.TO
- 1D
- 0.00%
- 1M
- 1.93%
- YTD
- 2.24%
- 6M
- 1.42%
- 1Y
- 4.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VVSG.TO
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 0.91%
- 6M
- 0.95%
- 1Y
- 2.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CORE.TO vs. VVSG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CORE.TO PIMCO Canadian Core Bond Fund | 2.24% | 4.02% | -0.17% |
VVSG.TO Vanguard Canadian Ultra-Short Government Bond Index ETF | 0.91% | 2.69% | 1.20% |
Correlation
The correlation between CORE.TO and VVSG.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024 | 0.26 |
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Return for Risk
CORE.TO vs. VVSG.TO — Risk / Return Rank
CORE.TO
VVSG.TO
CORE.TO vs. VVSG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Canadian Core Bond Fund (CORE.TO) and Vanguard Canadian Ultra-Short Government Bond Index ETF (VVSG.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 | VVSG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.23 | ||
| Sortino ratioReturn per unit of downside risk | -9.49 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 3.53 | -2.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 16.62 | -15.11 |
| Martin ratioReturn relative to average drawdown | 3.71 | 141.27 | -137.56 |
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 | VVSG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 6.32 | -5.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 7.56 | -6.77 |
Drawdowns
CORE.TO vs. VVSG.TO - Drawdown Comparison
The maximum CORE.TO drawdown since its inception was -3.48%, which is greater than VVSG.TO's maximum drawdown of -0.14%. Use the drawdown chart below to compare losses from any high point for CORE.TO and VVSG.TO.
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Drawdown Indicators
| CORE.TO | VVSG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.48% | -0.14% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -0.14% | -2.85% |
Current DrawdownCurrent decline from peak | -0.27% | 0.00% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -0.01% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.02% | +1.19% |
Volatility
CORE.TO vs. VVSG.TO - Volatility Comparison
PIMCO Canadian Core Bond Fund (CORE.TO) has a higher volatility of 1.46% compared to Vanguard Canadian Ultra-Short Government Bond Index ETF (VVSG.TO) at 0.07%. This indicates that CORE.TO's price experiences larger fluctuations and is considered to be riskier than VVSG.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 | VVSG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.07% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 0.21% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 0.36% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 0.37% | +4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 0.37% | +4.64% |
CORE.TO vs. VVSG.TO - Expense Ratio Comparison
CORE.TO has a 0.32% expense ratio, which is higher than VVSG.TO's 0.12% expense ratio.
Dividends
CORE.TO vs. VVSG.TO - Dividend Comparison
CORE.TO's dividend yield for the trailing twelve months is around 3.36%, more than VVSG.TO's 2.41% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CORE.TO PIMCO Canadian Core Bond Fund | 3.36% | 3.42% | 0.32% |
VVSG.TO Vanguard Canadian Ultra-Short Government Bond Index ETF | 2.41% | 2.50% | 0.73% |
Frequently Asked Questions
CORE.TO and VVSG.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVSG.TO is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVSG.TO is cheaper with a 0.12% expense ratio, compared with 0.32% for CORE.TO.
They also come from different issuers: PIMCO and Vanguard. Their fees differ too: 0.32% for CORE.TO and 0.12% for VVSG.TO.
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