PLDI.TO vs. MCSB.TO
PLDI.TO (PIMCO Low Duration Monthly Income Fund (Canada)) and MCSB.TO (Mackenzie Canadian Short Term Fixed Income ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 5 years, PLDI.TO returned 2.95%/yr vs 4.99%/yr for MCSB.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
PLDI.TO vs. MCSB.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 lower than MCSB.TO's 1.57% 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%
MCSB.TO
- 1D
- 0.25%
- 1M
- 0.17%
- 6M
- 1.26%
- YTD
- 1.57%
- 1Y
- 3.57%
- 3Y*
- 5.49%
- 5Y*
- 4.99%
- 10Y*
- —
- ALL TIME*
- 4.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$616.29K | CA$345.89K | CA$152.56K | |
| CA$140.89K | CA$154.04K | CA$132.61K |
PLDI.TO vs. MCSB.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% |
MCSB.TO Mackenzie Canadian Short Term Fixed Income ETF | 1.57% | 3.93% | 6.41% | 5.77% | -4.18% | 11.34% | 5.66% | 2.97% |
Correlation
The correlation between PLDI.TO and MCSB.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019 | 0.13 |
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Return for Risk
PLDI.TO vs. MCSB.TO — Risk / Return Rank
PLDI.TO
MCSB.TO
PLDI.TO vs. MCSB.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 Mackenzie Canadian Short Term Fixed Income ETF (MCSB.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 | MCSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.31 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.41 | -1.08 |
| Martin ratioReturn relative to average drawdown | 3.91 | 6.96 | -3.05 |
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Drawdowns
PLDI.TO vs. MCSB.TO - Drawdown Comparison
The maximum PLDI.TO drawdown since its inception was -6.86%, smaller than the maximum MCSB.TO drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for PLDI.TO and MCSB.TO.
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Drawdown Indicators
| PLDI.TO | MCSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.86% | -8.35% | +1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -1.49% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -2.55% | -1.49% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -5.56% | -6.24% | +0.68% |
Current DrawdownCurrent decline from peak | -1.18% | -0.24% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -1.04% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.51% | +0.18% |
Volatility
PLDI.TO vs. MCSB.TO - Volatility Comparison
PIMCO Low Duration Monthly Income Fund (Canada) (PLDI.TO) has a higher volatility of 1.11% compared to Mackenzie Canadian Short Term Fixed Income ETF (MCSB.TO) at 0.77%. This indicates that PLDI.TO's price experiences larger fluctuations and is considered to be riskier than MCSB.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 | MCSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.77% | +0.34% |
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% | 2.27% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 6.42% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.24% | 5.82% | -1.58% |
Dividends
PLDI.TO vs. MCSB.TO - Dividend Comparison
PLDI.TO's dividend yield for the trailing twelve months is around 3.56%, more than MCSB.TO's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MCSB.TO Mackenzie Canadian Short Term Fixed Income ETF | 3.12% | 3.16% | 3.17% | 3.18% | 2.47% | 12.93% | 2.47% | 2.31% | 2.91% | 0.14% |
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 MCSB.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: PIMCO Canada Corp. and Mackenzie.
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