PCOR.TO vs. CDLB.TO

Last updated Jul 25, 2026

PCOR.TO (PIMCO Managed Core Bond Pool) and CDLB.TO (CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 5 years, PCOR.TO returned 1.69%/yr vs -0.77%/yr for CDLB.TO. At a 0.09 correlation, their price movements are largely independent. PCOR.TO charges 0.64%/yr vs 0.85%/yr for CDLB.TO.

Performance

PCOR.TO vs. CDLB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in PIMCO Managed Core Bond Pool (PCOR.TO) and CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PCOR.TO achieves a -0.72% return, which is significantly higher than CDLB.TO's -0.79% return.

PCOR.TO

• 1D: -0.17%
• 1M: -1.49%
• 6M: -1.21%
• YTD: -0.72%
• 1Y: 3.37%
• 3Y*: 5.10%
• 5Y*: 1.69%
• 10Y*: —
• ALL TIME*: 2.03%

CDLB.TO

• 1D: 0.00%
• 1M: -0.18%
• 6M: -0.19%
• YTD: -0.79%
• 1Y: 2.54%
• 3Y*: 3.03%
• 5Y*: -0.77%
• 10Y*: —
• ALL TIME*: 0.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series	CA$18.24K	CA$16.16K	CA$15.64K
PCOR.TO PIMCO Managed Core Bond Pool	CA$100.86K	CA$154.41K	CA$133.29K

PCOR.TO vs. CDLB.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PCOR.TO PIMCO Managed Core Bond Pool	-0.72%	7.70%	3.89%	8.31%	-9.47%	0.70%	8.82%
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series	-0.79%	5.44%	2.59%	2.39%	-12.02%	-0.11%	3.68%

Correlation

The correlation between PCOR.TO and CDLB.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since May 8, 2020	0.09

Return for Risk

PCOR.TO vs. CDLB.TO — 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: 28
PCOR.TO Sharpe Ratio Rank: 26
PCOR.TO Sortino Ratio Rank: 25
PCOR.TO Omega Ratio Rank: 25
PCOR.TO Calmar Ratio Rank: 33
PCOR.TO Martin Ratio Rank: 31

CDLB.TO

CDLB.TO Risk / Return Rank: 32
CDLB.TO Sharpe Ratio Rank: 28
CDLB.TO Sortino Ratio Rank: 26
CDLB.TO Omega Ratio Rank: 46
CDLB.TO Calmar Ratio Rank: 35
CDLB.TO Martin Ratio Rank: 27

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. CDLB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Managed Core Bond Pool (PCOR.TO) and CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PCOR.TO	CDLB.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.61	0.66	-0.04
Sortino ratio: Return per unit of downside risk	0.94	0.98	-0.04
Omega ratio: Gain probability vs. loss probability	1.12	1.21	-0.10
Calmar ratio: Return relative to maximum drawdown	1.11	1.21	-0.11
Martin ratio: Return relative to average drawdown	2.86	2.44	+0.42

PCOR.TO vs. CDLB.TO - Sharpe Ratio Comparison

The current PCOR.TO Sharpe Ratio is 0.61, which is comparable to the CDLB.TO Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of PCOR.TO and CDLB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PCOR.TO vs. CDLB.TO - Drawdown Comparison

The maximum PCOR.TO drawdown since its inception was -13.53%, smaller than the maximum CDLB.TO drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for PCOR.TO and CDLB.TO.

Drawdown Indicators

	PCOR.TO	CDLB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-13.53%	-16.85%	+3.32%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-2.11%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-3.79%	-5.00%	+1.21%
Max Drawdown (5Y) Largest decline over 5 years	-13.53%	-16.85%	+3.32%
Current Drawdown Current decline from peak	-2.22%	-3.95%	+1.73%
Average Drawdown Average peak-to-trough decline	-3.46%	-6.43%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	1.05%	+0.13%

Volatility

PCOR.TO vs. CDLB.TO - Volatility Comparison

PIMCO Managed Core Bond Pool (PCOR.TO) has a higher volatility of 1.04% compared to CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.TO) at 0.97%. This indicates that PCOR.TO's price experiences larger fluctuations and is considered to be riskier than CDLB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCOR.TO	CDLB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	0.97%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	3.41%	2.50%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	5.51%	3.89%	+1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.71%	5.37%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.40%	4.91%	+2.49%

PCOR.TO vs. CDLB.TO - Expense Ratio Comparison

PCOR.TO has a 0.64% expense ratio, which is lower than CDLB.TO's 0.85% expense ratio.

Dividends

PCOR.TO vs. CDLB.TO - Dividend Comparison

PCOR.TO's dividend yield for the trailing twelve months is around 4.95%, more than CDLB.TO's 4.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series	4.56%	4.45%	4.35%	3.87%	2.81%	2.38%	1.14%
PCOR.TO PIMCO Managed Core Bond Pool	4.95%	5.30%	5.40%	3.50%	3.41%	2.81%	2.24%

Frequently Asked Questions

Can I hold both PCOR.TO and CDLB.TO in my portfolio?

PCOR.TO and CDLB.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PCOR.TO or CDLB.TO?

On fees, PCOR.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCOR.TO or CDLB.TO?

PCOR.TO is cheaper with a 0.64% expense ratio, compared with 0.85% for CDLB.TO.

What is the main difference between PCOR.TO and CDLB.TO?

They also come from different issuers: PIMCO Canada Corp. and CI Global Asset Management. Their fees differ too: 0.64% for PCOR.TO and 0.85% for CDLB.TO.