PFIA.TO Alternatives & Similar ETFs

PICTON Long Short Income Alternative Fund (PFIA.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 PFIA.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PFIA.TO

PFIA.TO charges 1.73% annually. There are 7 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	PFIA.TO vs ATSX.TO
QBTL.TO	AGF US Market Neutral Anti-Beta CAD-Hedged ETF	0.55%	384.90M	Oct 2019	PFIA.TO vs QBTL.TO
CNAO.TO	CI Alternative North American Opportunities Fund	1.21%	—	Jul 2021	PFIA.TO vs CNAO.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	1.27%	—	Feb 2024	PFIA.TO vs FCLS.NEO
PFAE.TO	PICTON Long Short Equity (130/30) Alternative Fund	1.45%	42.84M	Jul 2019	PFIA.TO vs PFAE.TO

Best Risk-Adjusted Alternatives to PFIA.TO

PFIA.TO has a PortfoliosLab risk / return rank of 62. There are 3 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 92.

Symbol	Name	Risk / Return Rank	AUM	Inception
ATSX.TO	Accelerate Canadian Long Short Equity Fund	92	4.94M	May 2019	PFIA.TO vs ATSX.TO
PFAE.TO	PICTON Long Short Equity (130/30) Alternative Fund	76	42.84M	Jul 2019	PFIA.TO vs PFAE.TO
PFLS.TO	PICTON Long Short Equity Alternative Fund	64	133.94M	Jul 2020	PFIA.TO vs PFLS.TO
CRED.TO	CI Alternative Investment Grade Credit Fund	53	278.67M	Jan 2020	PFIA.TO vs CRED.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	39	—	Feb 2024	PFIA.TO vs FCLS.NEO

Top Performing PFIA.TO Alternatives (YTD)

PFIA.TO is at 1.12% YTD. There are 9 ETFs in the Long-Short category with higher YTD returns, going as high as 17.20%.

Symbol	Name	YTD Return	AUM	Inception
ATSX.TO	Accelerate Canadian Long Short Equity Fund	17.20%	4.94M	May 2019	PFIA.TO vs ATSX.TO
FGLS.NEO	Fidelity Global Value Long/Short Alternative ETF	14.05%	1.16B	Feb 2024	PFIA.TO vs FGLS.NEO
PFAE.TO	PICTON Long Short Equity (130/30) Alternative Fund	11.76%	42.84M	Jul 2019	PFIA.TO vs PFAE.TO
CMAG.TO	CI Munro Alternative Global Growth Fund	8.26%	150.58M	Jan 2020	PFIA.TO vs CMAG.TO
PFLS.TO	PICTON Long Short Equity Alternative Fund	7.25%	133.94M	Jul 2020	PFIA.TO vs PFLS.TO

Lowest Volatility Alternatives to PFIA.TO

PFIA.TO has 2.41% 1-year volatility. There is 1 ETF 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%	278.67M	Jan 2020	PFIA.TO vs CRED.TO
PFMN.TO	PICTON Market Neutral Equity Alternative Fund	4.84%	240.67M	Sep 2018	PFIA.TO vs PFMN.TO
ARB.TO	Accelerate Arbitrage Fund	8.30%	40.70M	Apr 2020	PFIA.TO vs ARB.TO
PFLS.TO	PICTON Long Short Equity Alternative Fund	9.24%	133.94M	Jul 2020	PFIA.TO vs PFLS.TO
HDGE.TO	Accelerate Absolute Return Fund	14.03%	41.33M	May 2019	PFIA.TO vs HDGE.TO

Lowest Drawdown Alternatives to PFIA.TO

PFIA.TO has a 1-year max drawdown of -1.36%. No ETFs in the Long-Short category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -1.52%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
CRED.TO	CI Alternative Investment Grade Credit Fund	-1.52%	278.67M	Jan 2020	PFIA.TO vs CRED.TO
ARB.TO	Accelerate Arbitrage Fund	-2.50%	40.70M	Apr 2020	PFIA.TO vs ARB.TO
PFMN.TO	PICTON Market Neutral Equity Alternative Fund	-3.49%	240.67M	Sep 2018	PFIA.TO vs PFMN.TO
PFLS.TO	PICTON Long Short Equity Alternative Fund	-6.98%	133.94M	Jul 2020	PFIA.TO vs PFLS.TO
ATSX.TO	Accelerate Canadian Long Short Equity Fund	-8.93%	4.94M	May 2019	PFIA.TO vs ATSX.TO

Other ETFs from Picton

The 1 most viewed Picton ETFs shown here include PFMS.TO and span 2 categories. AUM among these funds goes as high as $11M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PFMS.TO	Picton Multi-Strategy Alternative Fund ETF	Multistrategy, Actively Managed	75	7.43%	11.34M	Sep 2018	PFIA.TO vs PFMS.TO

Often Compared With PFIA.TO

Investors most often compare PFIA.TO with PMIF.TO, CASH.TO, VSBIX. These 20 comparison targets span 19 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PMIF.TO	PIMCO Monthly Income Fund (Canada)	Multisector Bonds, Global Bonds, Actively Managed	39	-0.47%	39.17B	Sep 2017	PFIA.TO vs PMIF.TO
CASH.TO	Global X High Interest Savings ETF	Money Market	100	1.20%	6.55B	Nov 2021	PFIA.TO vs CASH.TO
VSBIX	Vanguard Short-Term Treasury Index Fund Institutio...	Government Bonds	93	0.79%	—	Aug 2010	PFIA.TO vs VSBIX
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	28.99%	8.59B	Nov 2012	PFIA.TO vs VDY.TO
XBAL.TO	iShares Core Balanced ETF Portfolio	Diversified Portfolio	67	8.11%	3.37B	Jun 2007	PFIA.TO vs XBAL.TO
XCB.TO	iShares Core Canadian Corporate Bond Index ETF	Corporate Bonds	30	0.78%	3.38B	Nov 2006	PFIA.TO vs XCB.TO
BSV	Vanguard Short-Term Bond Index Fund ETF Shares	Short-Term Bond	56	0.52%	69.90B	Apr 2007	PFIA.TO vs BSV
XBB.TO	iShares Core Canadian Universe Bond Index ETF	Intermediate Core Bond	26	0.50%	9.99B	Nov 2000	PFIA.TO vs XBB.TO
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	7	-3.18%	41.54B	Jul 2002	PFIA.TO vs TLT
XCNS.TO	iShares Core Conservative Balanced ETF Portfolio	Diversified Portfolio	69	5.51%	419.44M	Aug 2019	PFIA.TO vs XCNS.TO
XDIV.TO	iShares Core MSCI Canadian Quality Dividend Index ...	Quality Factor, Dividend, Large Cap Value Equities	98	29.20%	6.16B	Jun 2017	PFIA.TO vs XDIV.TO
ZMMK.TO	BMO Money Market Fund ETF Series	Money Market	99	1.36%	5.83B	Nov 2021	PFIA.TO vs ZMMK.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	56	7.74%	6.27B	Oct 2011	PFIA.TO vs ZLB.TO
ZST.TO	BMO Ultra Short-Term Bond ETF	Ultrashort Bond	61	1.53%	3.50B	Jan 2011	PFIA.TO vs ZST.TO
ZAG.TO	BMO Aggregate Bond Index ETF	Canadian Government Bonds	29	0.79%	13.09B	Jan 2010	PFIA.TO vs ZAG.TO
CMDO.TO	CI Alternative Diversified Opportunities Fund	Nontraditional Bonds, Multisector Bonds, High Yield Bonds, Actively Managed	63	2.10%	—	Aug 2021	PFIA.TO vs CMDO.TO
MUB.TO	Mackenzie Unconstrained Bond ETF	Nontraditional Bonds	18	-0.21%	1.12B	Apr 2016	PFIA.TO vs MUB.TO
CMAR.TO	CI Marret Alternative Absolute Return Bond Fund	Nontraditional Bonds	32	0.81%	16.56M	Jan 2020	PFIA.TO vs CMAR.TO
CROP.TO	Purpose Credit Opportunities Fund	Nontraditional Bonds, Multisector Bonds	94	3.14%	—	Sep 2021	PFIA.TO vs CROP.TO
CMEY.TO	CI Marret Alternative Enhanced Yield Fund	Nontraditional Bonds, High Yield Bonds, Actively Managed	52	1.65%	6.83M	May 2020	PFIA.TO vs CMEY.TO

Compare PFIA.TO with Any Fund or Stock

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

Symbol name

Diversifiers

Pair PFIA.TO with funds that move differently

PICTON Long Short Income Alternative Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PFIA.TO.

Explore PFIA.TO Diversifiers

PICTON Long Short Income Alternative Fund (PFIA.TO) Alternatives