PLDI.TO vs. IGCF.TO
PLDI.TO (PIMCO Low Duration Monthly Income Fund (Canada)) and IGCF.TO (PIMCO Investment Grade Credit Fund (Canada)) are both exchange-traded funds - PLDI.TO is a Short-Term Bond fund actively managed by PIMCO Canada Corp., while IGCF.TO is a Global Corporate Bonds fund actively managed by PIMCO Canada Corp.. Both are actively managed. Over the past 5 years, PLDI.TO returned 2.95%/yr vs -1.32%/yr for IGCF.TO. At a 0.13 correlation, their price movements are largely independent. PLDI.TO charges 0.87%/yr vs 0.83%/yr for IGCF.TO.
Performance
PLDI.TO vs. IGCF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PLDI.TO achieves a -0.39% return, which is significantly higher than IGCF.TO's -1.65% 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%
IGCF.TO
- 1D
- -0.12%
- 1M
- -1.47%
- 6M
- -1.83%
- YTD
- -1.65%
- 1Y
- 2.21%
- 3Y*
- 3.39%
- 5Y*
- -1.32%
- 10Y*
- —
- ALL TIME*
- 1.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$11.18K | CA$11.38K | CA$15.05K | |
| CA$140.89K | CA$154.04K | CA$132.61K |
PLDI.TO vs. IGCF.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% |
IGCF.TO PIMCO Investment Grade Credit Fund (Canada) | -1.65% | 7.04% | 1.51% | 6.04% | -16.84% | -0.40% | 6.51% | 10.24% |
Correlation
The correlation between PLDI.TO and IGCF.TO is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.13 |
The correlation between PLDI.TO and IGCF.TO shifts across timeframes, from 0.00 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PLDI.TO vs. IGCF.TO — Risk / Return Rank
PLDI.TO
IGCF.TO
PLDI.TO vs. IGCF.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 PIMCO Investment Grade Credit Fund (Canada) (IGCF.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 | IGCF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.05 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.41 | +0.92 |
| Martin ratioReturn relative to average drawdown | 3.91 | 1.00 | +2.91 |
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Drawdowns
PLDI.TO vs. IGCF.TO - Drawdown Comparison
The maximum PLDI.TO drawdown since its inception was -6.86%, smaller than the maximum IGCF.TO drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for PLDI.TO and IGCF.TO.
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Drawdown Indicators
| PLDI.TO | IGCF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -22.91% | +16.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -3.75% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -2.55% | -6.40% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -5.56% | -22.50% | +16.94% |
Current DrawdownCurrent decline from peak | -1.18% | -7.44% | +6.26% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -7.45% | +6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.53% | -0.84% |
Volatility
PLDI.TO vs. IGCF.TO - Volatility Comparison
PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) has a higher volatility of 1.11% compared to PIMCO Investment Grade Credit Fund (Canada) (IGCF.TO) at 0.87%. This indicates that PLDI.TO's price experiences larger fluctuations and is considered to be riskier than IGCF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLDI.TO | IGCF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.87% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 4.32% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 5.72% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 10.04% | -5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.24% | 10.13% | -5.89% |
PLDI.TO vs. IGCF.TO - Expense Ratio Comparison
PLDI.TO has a 0.87% expense ratio, which is higher than IGCF.TO's 0.83% expense ratio.
Dividends
PLDI.TO vs. IGCF.TO - Dividend Comparison
PLDI.TO's dividend yield for the trailing twelve months is around 3.56%, more than IGCF.TO's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IGCF.TO PIMCO Investment Grade Credit Fund (Canada) | 3.07% | 3.81% | 4.51% | 3.82% | 4.31% | 2.50% | 2.41% | 3.22% | 4.22% | 0.54% |
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
PLDI.TO and IGCF.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGCF.TO is cheaper at 0.83% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGCF.TO is cheaper with a 0.83% expense ratio, compared with 0.87% for PLDI.TO.
PLDI.TO is categorized as Short-Term Bond, while IGCF.TO is Global Corporate Bonds. Their fees differ too: 0.87% for PLDI.TO and 0.83% for IGCF.TO.
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