PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

PICTON Market Neutral Equity Alternative Fund (PFMN.TO) Alternatives

ETF · Currency in CAD · Last updated Jun 4, 2026

The PICTON Market Neutral Equity Alternative Fund (PFMN) is an actively managed Canadian ETF that seeks to generate positive absolute returns with reduced correlation to broad equity markets. The fund employs a market-neutral long/short equity strategy, balancing long and short positions to minimize market exposure while capturing alpha from security selection. Formerly known as the Picton Mahoney Fortified Market Neutral Alternative Fund until the firm streamlined its fund naming in June 2025. Managed by Picton Mahoney Asset Management.

PICTON Market Neutral Equity Alternative Fund (PFMN.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 PFMN.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Often Compared With PFMN.TO

Investors most often compare PFMN.TO with PFLS.TO, ZPAY.TO, PFIA.TO. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
PFLS.TO
Picton Mahoney Fortified Long Short Alternative Fu...
52
6.07%
78.14M—PFMN.TO vs PFLS.TO
ZPAY.TO
BMO Premium Yield ETFLarge Cap Growth Equities
31
4.79%
430.80MJan 2020PFMN.TO vs ZPAY.TO
PFIA.TO
Picton Mahoney Fortified Income Alternative Fund
47
0.42%
353.70M—PFMN.TO vs PFIA.TO
PFAE.TO
Picton Mahoney Fortified Active Extension Alternat...
67
10.65%
26.50M—PFMN.TO vs PFAE.TO
BN
Brookfield Corp
53
-4.21%
——PFMN.TO vs BN
PPA
Invesco Aerospace & Defense ETFAerospace & Defense, Industrials Equities
37
8.54%
8.37BOct 2005PFMN.TO vs PPA
DBMF
iMGP DBi Managed Futures Strategy ETFSystematic Trend
83
12.42%
1.89BMay 2019PFMN.TO vs DBMF
CAOS
Alpha Architect Tail Risk ETFOptions Trading
40
0.82%
668.40MAug 2013PFMN.TO vs CAOS
XEF.TO
iShares Core MSCI EAFE IMI Index ETFForeign Large Cap Equities
47
9.95%
21.46BApr 2013PFMN.TO vs XEF.TO
FTLS
First Trust Long/Short Equity ETFLong-Short
58
5.34%
2.35BSep 2014PFMN.TO vs FTLS
PRA.TO
Purpose Diversified Real Asset Fund
94
24.32%
303.40M—PFMN.TO vs PRA.TO
HIDE
Alpha Architect High Inflation And Deflation ETFDiversified Portfolio
81
6.79%
100.05MNov 2022PFMN.TO vs HIDE
RATE.TO
Arrow EC Income Advantage Alternative Fund
62
1.10%
——PFMN.TO vs RATE.TO
BOXX
Alpha Architect 1-3 Month Box ETFUltrashort Bond
100
1.58%
11.05BDec 2022PFMN.TO vs BOXX
ZROZ
PIMCO 25+ Year Zero Coupon US Treasury Index FundGovernment Bonds, Long-Term Bond
12
-1.07%
1.35BOct 2009PFMN.TO vs ZROZ
ATSX.TO
Accelerate Enhanced Canadian Benchmark Alternative...
86
16.83%
4.94M—PFMN.TO vs ATSX.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
54
3.14%
6.10BOct 2011PFMN.TO vs ZLB.TO
MIX.TO
Hamilton Enhanced Mixed Asset ETFDiversified Portfolio
63
8.17%
—Apr 2025PFMN.TO vs MIX.TO
BALT
Innovator Defined Wealth Shield ETFDefined Outcome
92
1.91%
2.46BJun 2021PFMN.TO vs BALT
PSA.TO
Purpose High Interest Savings FundMoney Market
100
0.89%
4.20BOct 2013PFMN.TO vs PSA.TO

Compare PFMN.TO with Any Fund or Stock

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

 

Diversifiers

Pair PFMN.TO with funds that move differently

PICTON Market Neutral Equity Alternative Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PFMN.TO.

Explore PFMN.TO Diversifiers