PLDI.TO vs. CAGS.TO

Last updated Jul 25, 2026

PLDI.TO (PIMCO Low Duration Monthly Income Fund (Canada)) and CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) are both Short-Term Bond funds. PLDI.TO is actively managed, while CAGS.TO is passively managed. Over the past 5 years, PLDI.TO returned 2.95%/yr vs 2.05%/yr for CAGS.TO. At a 0.10 correlation, their price movements are largely independent.

Performance

PLDI.TO vs. CAGS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) and CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLDI.TO achieves a -0.39% return, which is significantly lower than CAGS.TO's 1.08% return.

PLDI.TO

• 1D: -0.27%
• 1M: -1.07%
• 6M: -0.28%
• YTD: -0.39%
• 1Y: 2.68%
• 3Y*: 4.89%
• 5Y*: 2.95%
• 10Y*: —
• ALL TIME*: 3.24%

CAGS.TO

• 1D: 0.17%
• 1M: -0.36%
• 6M: 0.85%
• YTD: 1.08%
• 1Y: 3.06%
• 3Y*: 5.03%
• 5Y*: 2.05%
• 10Y*: —
• ALL TIME*: 2.32%

*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)
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF	CA$30.66K	CA$35.15K	CA$39.40K
PLDI.TO PIMCO Low Duration Monthly Income Fund (Canada)	CA$140.89K	CA$154.04K	CA$132.61K

PLDI.TO vs. CAGS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PLDI.TO PIMCO Low Duration Monthly Income Fund (Canada)	-0.39%	6.61%	5.93%	5.62%	-2.88%	2.21%	3.11%	4.33%
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF	1.08%	3.95%	6.07%	5.02%	-4.30%	-1.22%	4.47%	3.30%

Correlation

The correlation between PLDI.TO and CAGS.TO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019	0.10

Return for Risk

PLDI.TO vs. CAGS.TO — Risk / Return Rank

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

PLDI.TO

PLDI.TO Risk / Return Rank: 30
PLDI.TO Sharpe Ratio Rank: 26
PLDI.TO Sortino Ratio Rank: 23
PLDI.TO Omega Ratio Rank: 24
PLDI.TO Calmar Ratio Rank: 38
PLDI.TO Martin Ratio Rank: 38

CAGS.TO

CAGS.TO Risk / Return Rank: 64
CAGS.TO Sharpe Ratio Rank: 64
CAGS.TO Sortino Ratio Rank: 61
CAGS.TO Omega Ratio Rank: 70
CAGS.TO Calmar Ratio Rank: 66
CAGS.TO Martin Ratio Rank: 58

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.

PLDI.TO vs. CAGS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) and CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.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.

	PLDI.TO	CAGS.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.48	-0.90
Sortino ratio: Return per unit of downside risk	0.88	2.06	-1.19
Omega ratio: Gain probability vs. loss probability	1.11	1.30	-0.19
Calmar ratio: Return relative to maximum drawdown	1.32	2.30	-0.98
Martin ratio: Return relative to average drawdown	3.91	6.90	-2.99

PLDI.TO vs. CAGS.TO - Sharpe Ratio Comparison

The current PLDI.TO Sharpe Ratio is 0.59, which is lower than the CAGS.TO Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of PLDI.TO and CAGS.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

PLDI.TO vs. CAGS.TO - Drawdown Comparison

The maximum PLDI.TO drawdown since its inception was -6.86%, smaller than the maximum CAGS.TO drawdown of -11.60%. Use the drawdown chart below to compare losses from any high point for PLDI.TO and CAGS.TO.

Drawdown Indicators

	PLDI.TO	CAGS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.86%	-11.60%	+4.74%
Max Drawdown (1Y) Largest decline over 1 year	-2.03%	-1.33%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-2.55%	-1.33%	-1.22%
Max Drawdown (5Y) Largest decline over 5 years	-5.56%	-7.58%	+2.02%
Current Drawdown Current decline from peak	-1.18%	-0.38%	-0.80%
Average Drawdown Average peak-to-trough decline	-1.05%	-1.45%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	0.44%	+0.25%

Volatility

PLDI.TO vs. CAGS.TO - Volatility Comparison

PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) has a higher volatility of 1.11% compared to CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) at 0.65%. This indicates that PLDI.TO's price experiences larger fluctuations and is considered to be riskier than CAGS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLDI.TO	CAGS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	0.65%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	3.51%	1.64%	+1.87%
Volatility (1Y) Calculated over the trailing 1-year period	4.59%	2.07%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.18%	2.76%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.24%	4.62%	-0.38%

Dividends

PLDI.TO vs. CAGS.TO - Dividend Comparison

PLDI.TO's dividend yield for the trailing twelve months is around 3.56%, more than CAGS.TO's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF	3.28%	3.16%	3.37%	2.62%	2.61%	1.96%	2.59%	2.83%	2.72%	1.06%
PLDI.TO PIMCO Low Duration Monthly Income Fund (Canada)	3.56%	4.36%	7.04%	5.80%	3.29%	2.04%	4.78%	2.50%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLDI.TO and CAGS.TO in my portfolio?

PLDI.TO and CAGS.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between PLDI.TO and CAGS.TO?

They also come from different issuers: PIMCO Canada Corp. and CI.