TDB.TO vs. CORE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Canadian Aggregate Bond Index ETF (TDB.TO) and PIMCO Canadian Core Bond Fund (CORE.TO).

TDB.TO and CORE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDB.TO is a passively managed fund by TD that tracks the performance of the Solactive Broad Canadian Bond Universe Index. It was launched on Mar 22, 2016. CORE.TO is an actively managed fund by PIMCO. It was launched on Jan 20, 2011.

Performance

TDB.TO vs. CORE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Canadian Aggregate Bond Index ETF (TDB.TO) and PIMCO Canadian Core Bond Fund (CORE.TO). The values are adjusted to include any dividend payments, if applicable.

TDB.TO vs. CORE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TDB.TO TD Canadian Aggregate Bond Index ETF	0.19%	2.24%	1.50%
CORE.TO PIMCO Canadian Core Bond Fund	0.15%	4.02%	0.77%

Returns By Period

In the year-to-date period, TDB.TO achieves a 0.19% return, which is significantly higher than CORE.TO's 0.15% return.

TDB.TO

• 1D: 0.23%
• 1M: -1.94%
• YTD: 0.19%
• 6M: -0.31%
• 1Y: 0.66%
• 3Y*: 3.34%
• 5Y*: 0.65%
• 10Y*: 1.60%

CORE.TO

• 1D: 0.25%
• 1M: -2.31%
• YTD: 0.15%
• 6M: -0.27%
• 1Y: 1.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDB.TO vs. CORE.TO - Expense Ratio Comparison

TDB.TO has a 0.08% expense ratio, which is lower than CORE.TO's 0.32% expense ratio.

CORE.TO

PIMCO Canadian Core Bond Fund

TDB.TO

TD Canadian Aggregate Bond Index ETF

Return for Risk

TDB.TO vs. CORE.TO — Risk / Return Rank

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

TDB.TO

TDB.TO Risk / Return Rank: 15
TDB.TO Sharpe Ratio Rank: 15
TDB.TO Sortino Ratio Rank: 13
TDB.TO Omega Ratio Rank: 13
TDB.TO Calmar Ratio Rank: 19
TDB.TO Martin Ratio Rank: 17

CORE.TO

CORE.TO Risk / Return Rank: 20
CORE.TO Sharpe Ratio Rank: 20
CORE.TO Sortino Ratio Rank: 17
CORE.TO Omega Ratio Rank: 17
CORE.TO Calmar Ratio Rank: 25
CORE.TO Martin Ratio Rank: 20

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.

TDB.TO vs. CORE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Canadian Aggregate Bond Index ETF (TDB.TO) and PIMCO Canadian Core Bond Fund (CORE.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.

	TDB.TO	CORE.TO	Difference
Sharpe ratio Return per unit of total volatility	0.15	0.30	-0.16
Sortino ratio Return per unit of downside risk	0.22	0.43	-0.20
Omega ratio Gain probability vs. loss probability	1.03	1.06	-0.03
Calmar ratio Return relative to maximum drawdown	0.35	0.56	-0.22
Martin ratio Return relative to average drawdown	0.69	1.08	-0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDB.TO vs. CORE.TO - Sharpe Ratio Comparison

The current TDB.TO Sharpe Ratio is 0.15, which is lower than the CORE.TO Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of TDB.TO and CORE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TDB.TO	CORE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	0.30	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.61	-0.36

Correlation

The correlation between TDB.TO and CORE.TO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TDB.TO vs. CORE.TO - Dividend Comparison

TDB.TO's dividend yield for the trailing twelve months is around 3.62%, more than CORE.TO's 3.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TDB.TO TD Canadian Aggregate Bond Index ETF	3.62%	3.71%	4.11%	4.11%	2.67%	2.37%	2.38%	2.05%	4.32%	2.94%	2.45%
CORE.TO PIMCO Canadian Core Bond Fund	3.43%	3.42%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TDB.TO vs. CORE.TO - Drawdown Comparison

The maximum TDB.TO drawdown since its inception was -17.29%, which is greater than CORE.TO's maximum drawdown of -3.48%. Use the drawdown chart below to compare losses from any high point for TDB.TO and CORE.TO.

Drawdown Indicators

	TDB.TO	CORE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-17.29%	-3.48%	-13.81%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	-3.00%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-15.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.29%	—	—
Current Drawdown Current decline from peak	-2.23%	-2.31%	+0.08%
Average Drawdown Average peak-to-trough decline	-4.79%	-1.34%	-3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	1.56%	-0.16%

Volatility

TDB.TO vs. CORE.TO - Volatility Comparison

TD Canadian Aggregate Bond Index ETF (TDB.TO) has a higher volatility of 1.99% compared to PIMCO Canadian Core Bond Fund (CORE.TO) at 1.77%. This indicates that TDB.TO's price experiences larger fluctuations and is considered to be riskier than CORE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDB.TO	CORE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	1.77%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	2.99%	2.89%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	4.61%	4.62%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.34%	5.04%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.57%	5.04%	+1.53%