PCOR.TO vs. DXBB.TO
PCOR.TO (PIMCO Managed Core Bond Pool) and DXBB.TO (Dynamic Active Bond ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past year, PCOR.TO returned 3.37% vs 4.05% for DXBB.TO. At a 0.29 correlation, their price movements are largely independent. PCOR.TO charges 0.64%/yr vs 0.33%/yr for DXBB.TO.
Performance
PCOR.TO vs. DXBB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PCOR.TO achieves a -0.72% return, which is significantly lower than DXBB.TO's 1.11% 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%
DXBB.TO
- 1D
- -0.15%
- 1M
- -1.36%
- 6M
- 0.65%
- YTD
- 1.11%
- 1Y
- 4.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DXBB.TO Dynamic Active Bond ETF | CA$26.65K | CA$28.66K | CA$64.43K |
PCOR.TO PIMCO Managed Core Bond Pool | CA$100.86K | CA$154.41K | CA$133.29K |
PCOR.TO vs. DXBB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PCOR.TO PIMCO Managed Core Bond Pool | -0.72% | 7.70% | 0.12% |
DXBB.TO Dynamic Active Bond ETF | 1.11% | 2.85% | 1.20% |
Correlation
The correlation between PCOR.TO and DXBB.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024 | 0.29 |
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Return for Risk
PCOR.TO vs. DXBB.TO — Risk / Return Rank
PCOR.TO
DXBB.TO
PCOR.TO vs. DXBB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Managed Core Bond Pool (PCOR.TO) and Dynamic Active Bond ETF (DXBB.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 | DXBB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.46 | -0.35 |
| Martin ratioReturn relative to average drawdown | 2.86 | 4.04 | -1.18 |
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Drawdowns
PCOR.TO vs. DXBB.TO - Drawdown Comparison
The maximum PCOR.TO drawdown since its inception was -13.53%, which is greater than DXBB.TO's maximum drawdown of -3.23%. Use the drawdown chart below to compare losses from any high point for PCOR.TO and DXBB.TO.
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Drawdown Indicators
| PCOR.TO | DXBB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.53% | -3.23% | -10.30% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.79% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.53% | — | — |
Current DrawdownCurrent decline from peak | -2.22% | -1.46% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -1.16% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 1.01% | +0.17% |
Volatility
PCOR.TO vs. DXBB.TO - Volatility Comparison
The current volatility for PIMCO Managed Core Bond Pool (PCOR.TO) is 1.04%, while Dynamic Active Bond ETF (DXBB.TO) has a volatility of 1.37%. This indicates that PCOR.TO experiences smaller price fluctuations and is considered to be less risky than DXBB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCOR.TO | DXBB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.37% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 3.45% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.51% | 4.27% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 4.87% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.40% | 4.87% | +2.53% |
PCOR.TO vs. DXBB.TO - Expense Ratio Comparison
PCOR.TO has a 0.64% expense ratio, which is higher than DXBB.TO's 0.33% expense ratio.
Dividends
PCOR.TO vs. DXBB.TO - Dividend Comparison
PCOR.TO's dividend yield for the trailing twelve months is around 4.95%, more than DXBB.TO's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DXBB.TO Dynamic Active Bond ETF | 4.28% | 4.24% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% |
PCOR.TO PIMCO Managed Core Bond Pool | 4.95% | 5.30% | 5.40% | 3.50% | 3.41% | 2.81% | 2.24% |
Frequently Asked Questions
PCOR.TO and DXBB.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXBB.TO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXBB.TO is cheaper with a 0.33% expense ratio, compared with 0.64% for PCOR.TO.
They also come from different issuers: PIMCO Canada Corp. and Dynamic. Their fees differ too: 0.64% for PCOR.TO and 0.33% for DXBB.TO.
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