PFAE.TO Alternatives & Similar ETFs

PICTON Long Short Equity (130/30) Alternative Fund (PFAE.TO) belongs to the Long-Short category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PFAE.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PFAE.TO

PFAE.TO charges 1.45% annually. There are 4 ETFs in the Long-Short category with lower expense ratios, going as low as 0.35%.

Symbol	Name	Expense Ratio	AUM	Inception
ATSX.TO	Accelerate Canadian Long Short Equity Fund	0.35%	4.94M	May 2019	PFAE.TO vs ATSX.TO
QBTL.TO	AGF US Market Neutral Anti-Beta CAD-Hedged ETF	0.55%	384.90M	Oct 2019	PFAE.TO vs QBTL.TO
CNAO.TO	CI Alternative North American Opportunities Fund	1.21%	—	Jul 2021	PFAE.TO vs CNAO.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	1.27%	—	Feb 2024	PFAE.TO vs FCLS.NEO
ARB.TO	Accelerate Arbitrage Fund	1.50%	40.70M	Apr 2020	PFAE.TO vs ARB.TO

Best Risk-Adjusted Alternatives to PFAE.TO

PFAE.TO has a PortfoliosLab risk / return rank of 83. There is 1 ETF in the Long-Short category with a higher risk-adjusted rank, going as high as 94.

Symbol	Name	Risk / Return Rank	AUM	Inception
ATSX.TO	Accelerate Canadian Long Short Equity Fund	94	4.94M	May 2019	PFAE.TO vs ATSX.TO
PFLS.TO	PICTON Long Short Equity Alternative Fund	75	133.94M	Jul 2020	PFAE.TO vs PFLS.TO
CRED.TO	CI Alternative Investment Grade Credit Fund	71	371.64M	Jan 2020	PFAE.TO vs CRED.TO
PFIA.TO	PICTON Long Short Income Alternative Fund	61	353.70M	Jul 2019	PFAE.TO vs PFIA.TO
PFMN.TO	PICTON Market Neutral Equity Alternative Fund	44	240.67M	Sep 2018	PFAE.TO vs PFMN.TO

Top Performing PFAE.TO Alternatives (YTD)

PFAE.TO is at 12.75% YTD. There is 1 ETF in the Long-Short category with a higher YTD return, going as high as 18.75%.

Symbol	Name	YTD Return	AUM	Inception
ATSX.TO	Accelerate Canadian Long Short Equity Fund	18.75%	4.94M	May 2019	PFAE.TO vs ATSX.TO
CMAG.TO	CI Munro Alternative Global Growth Fund	9.85%	151.53M	Jan 2021	PFAE.TO vs CMAG.TO
PFLS.TO	PICTON Long Short Equity Alternative Fund	8.20%	133.94M	Jul 2020	PFAE.TO vs PFLS.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	6.45%	—	Feb 2024	PFAE.TO vs FCLS.NEO
FGLS.NEO	Fidelity Global Value Long/Short Alternative ETF	6.44%	1.16B	Feb 2024	PFAE.TO vs FGLS.NEO

Lowest Volatility Alternatives to PFAE.TO

PFAE.TO has 14.69% 1-year volatility. There are 6 ETFs in the Long-Short category with lower 1-year volatility, going as low as 1.86%.

Symbol	Name	Volatility 1Y	AUM	Inception
CRED.TO	CI Alternative Investment Grade Credit Fund	1.86%	371.64M	Jan 2020	PFAE.TO vs CRED.TO
PFIA.TO	PICTON Long Short Income Alternative Fund	2.43%	353.70M	Jul 2019	PFAE.TO vs PFIA.TO
PFMN.TO	PICTON Market Neutral Equity Alternative Fund	4.73%	240.67M	Sep 2018	PFAE.TO vs PFMN.TO
ARB.TO	Accelerate Arbitrage Fund	8.32%	40.70M	Apr 2020	PFAE.TO vs ARB.TO
PFLS.TO	PICTON Long Short Equity Alternative Fund	9.20%	133.94M	Jul 2020	PFAE.TO vs PFLS.TO

Lowest Drawdown Alternatives to PFAE.TO

PFAE.TO has a 1-year max drawdown of -10.08%. There are 7 ETFs in the Long-Short category with shallower 1-year drawdowns, going as shallow as -1.36%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
PFIA.TO	PICTON Long Short Income Alternative Fund	-1.36%	353.70M	Jul 2019	PFAE.TO vs PFIA.TO
CRED.TO	CI Alternative Investment Grade Credit Fund	-1.52%	371.64M	Jan 2020	PFAE.TO vs CRED.TO
ARB.TO	Accelerate Arbitrage Fund	-2.50%	40.70M	Apr 2020	PFAE.TO vs ARB.TO
PFMN.TO	PICTON Market Neutral Equity Alternative Fund	-3.49%	240.67M	Sep 2018	PFAE.TO vs PFMN.TO
PFLS.TO	PICTON Long Short Equity Alternative Fund	-6.98%	133.94M	Jul 2020	PFAE.TO vs PFLS.TO

Often Compared With PFAE.TO

Investors most often compare PFAE.TO with EMA-PC.TO, BN, PPA. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EMA-PC.TO	Emera Incorporated		94	6.78%	—	—	PFAE.TO vs EMA-PC.TO
BN	Brookfield Corporation		34	-8.89%	—	—	PFAE.TO vs BN
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	40	12.01%	7.95B	Oct 2005	PFAE.TO vs PPA
ITA	iShares U.S. Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	40	12.01%	13.56B	May 2006	PFAE.TO vs ITA
ENB.TO	Enbridge Inc.		93	25.34%	—	—	PFAE.TO vs ENB.TO
FTS	Fortis Inc		89	15.18%	—	—	PFAE.TO vs FTS
BMO	Bank of Montreal		97	39.30%	—	—	PFAE.TO vs BMO
ENB	Enbridge Inc.		90	22.01%	—	—	PFAE.TO vs ENB
VUSE	Vident U.S. Equity Strategy ETF	Mid Cap Value Equities	35	6.66%	657.40M	Jan 2014	PFAE.TO vs VUSE
XIU.TO	iShares S&P/TSX 60 Index ETF	Canada Equities	93	13.48%	23.86B	Sep 1999	PFAE.TO vs XIU.TO
ACO-X.TO	ATCO Ltd		98	43.67%	—	—	PFAE.TO vs ACO-X.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Quality Factor, Dividend, Large Cap Value Equities	98	28.31%	5.84B	Jun 2017	PFAE.TO vs XDIV.TO
HXT.TO	Global X S&P/TSX 60 Index Corporate Class ETF	Canada Equities	93	13.30%	5.43B	Sep 2010	PFAE.TO vs HXT.TO
TTP.TO	TD Canadian Equity Index ETF	Canada Equities	90	12.74%	6.29B	Mar 2016	PFAE.TO vs TTP.TO
VIDY.TO	Vanguard FTSE Developed ex North America High Divi...	Foreign Large Cap Equities, Dividend	88	17.58%	2.00B	Aug 2018	PFAE.TO vs VIDY.TO
TPU.TO	TD U.S. Equity Index ETF	Large Cap Blend Equities	73	11.81%	6.05B	Mar 2016	PFAE.TO vs TPU.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	90	12.52%	16.37B	Aug 2013	PFAE.TO vs VCN.TO
VOO	Vanguard S&P 500 ETF	S&P 500	61	8.95%	1.70T	Sep 2010	PFAE.TO vs VOO
XAD.TO	iShares U.S. Aerospace & Defense Index ETF	Aerospace & Defense	49	14.92%	—	Sep 2023	PFAE.TO vs XAD.TO
XIC.TO	iShares Core S&P/TSX Capped Composite Index ETF	Canada Equities	90	12.87%	31.26B	Feb 2001	PFAE.TO vs XIC.TO

Compare PFAE.TO with Any Fund or Stock

Compare PFAE.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair PFAE.TO with funds that move differently

PICTON Long Short Equity (130/30) Alternative Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PFAE.TO.

Explore PFAE.TO Diversifiers

PICTON Long Short Equity (130/30) Alternative Fund (PFAE.TO) Alternatives