PCOR.TO vs. BILS

Last updated Apr 2, 2026

Compare and contrast key facts about PIMCO Managed Core Bond Pool (PCOR.TO) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS).

PCOR.TO and BILS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BILS is a passively managed fund by State Street that tracks the performance of the Bloomberg 3-12 Month U.S. Treasury Bill Index. It was launched on Sep 24, 2020.

Performance

PCOR.TO vs. BILS - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in PIMCO Managed Core Bond Pool (PCOR.TO) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). The values are adjusted to include any dividend payments, if applicable.

PCOR.TO vs. BILS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PCOR.TO PIMCO Managed Core Bond Pool	-1.13%	7.70%	3.89%	8.31%	-9.47%	0.70%	2.35%
BILS SPDR Bloomberg 3-12 Month T-Bill ETF	2.09%	-0.55%	14.20%	2.61%	8.09%	-0.98%	-4.53%

Different Trading Currencies

PCOR.TO is traded in CAD, while BILS is traded in USD. To make them comparable, the BILS values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PCOR.TO achieves a -1.13% return, which is significantly lower than BILS's 2.09% return.

PCOR.TO

• 1D: 0.00%
• 1M: -2.10%
• YTD: -1.13%
• 6M: 0.35%
• 1Y: 3.10%
• 3Y*: 5.59%
• 5Y*: 2.07%
• 10Y*: —

BILS

• 1D: -0.13%
• 1M: 1.90%
• YTD: 2.09%
• 6M: 1.51%
• 1Y: 1.02%
• 3Y*: 5.65%
• 5Y*: 5.30%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PCOR.TO vs. BILS - Expense Ratio Comparison

BILS

SPDR Bloomberg 3-12 Month T-Bill ETF

Return for Risk

PCOR.TO vs. BILS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCOR.TO

PCOR.TO Risk / Return Rank: 26
PCOR.TO Sharpe Ratio Rank: 25
PCOR.TO Sortino Ratio Rank: 23
PCOR.TO Omega Ratio Rank: 22
PCOR.TO Calmar Ratio Rank: 33
PCOR.TO Martin Ratio Rank: 29

BILS

BILS Risk / Return Rank: 100
BILS Sharpe Ratio Rank: 100
BILS Sortino Ratio Rank: 100
BILS Omega Ratio Rank: 100
BILS Calmar Ratio Rank: 100
BILS Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCOR.TO vs. BILS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Managed Core Bond Pool (PCOR.TO) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). 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.

	PCOR.TO	BILS	Difference
Sharpe ratio Return per unit of total volatility	0.47	0.19	+0.27
Sortino ratio Return per unit of downside risk	0.72	0.29	+0.43
Omega ratio Gain probability vs. loss probability	1.09	1.04	+0.05
Calmar ratio Return relative to maximum drawdown	0.95	0.10	+0.85
Martin ratio Return relative to average drawdown	2.70	0.20	+2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCOR.TO vs. BILS - Sharpe Ratio Comparison

The current PCOR.TO Sharpe Ratio is 0.47, which is higher than the BILS Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of PCOR.TO and BILS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PCOR.TO	BILS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	0.19	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.83	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.57	-0.29

Correlation

The correlation between PCOR.TO and BILS is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

PCOR.TO vs. BILS - Dividend Comparison

PCOR.TO's dividend yield for the trailing twelve months is around 5.09%, more than BILS's 3.90% yield.

	TTM	2025	2024	2023	2022	2021	2020
PCOR.TO PIMCO Managed Core Bond Pool	5.09%	5.30%	5.40%	3.50%	3.41%	2.81%	2.24%
BILS SPDR Bloomberg 3-12 Month T-Bill ETF	3.90%	4.08%	5.01%	4.98%	1.61%	0.00%	0.00%

Drawdowns

PCOR.TO vs. BILS - Drawdown Comparison

The maximum PCOR.TO drawdown since its inception was -13.53%, which is greater than BILS's maximum drawdown of -10.11%. Use the drawdown chart below to compare losses from any high point for PCOR.TO and BILS.

Drawdown Indicators

	PCOR.TO	BILS	Difference
Max Drawdown Largest peak-to-trough decline	-13.53%	-0.41%	-13.12%
Max Drawdown (1Y) Largest decline over 1 year	-3.73%	-0.03%	-3.70%
Max Drawdown (5Y) Largest decline over 5 years	-13.53%	-0.40%	-13.13%
Current Drawdown Current decline from peak	-2.62%	0.00%	-2.62%
Average Drawdown Average peak-to-trough decline	-3.56%	-0.04%	-3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.32%	0.00%	+1.32%

Volatility

PCOR.TO vs. BILS - Volatility Comparison

PIMCO Managed Core Bond Pool (PCOR.TO) has a higher volatility of 1.90% compared to SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) at 1.39%. This indicates that PCOR.TO's price experiences larger fluctuations and is considered to be riskier than BILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCOR.TO	BILS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.90%	1.39%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	3.87%	3.44%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	6.68%	5.36%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.67%	6.40%	+1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.52%	6.39%	+1.13%