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

ETF · Currency in CAD · Last updated Jun 24, 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...
62
8.20%
133.94M—PFMN.TO vs PFLS.TO
ZPAY.TO
BMO Premium Yield ETFLarge Cap Growth Equities
26
6.16%
438.22MJan 2020PFMN.TO vs ZPAY.TO
PFIA.TO
Picton Mahoney Fortified Income Alternative Fund
46
0.65%
353.70M—PFMN.TO vs PFIA.TO
PFAE.TO
Picton Mahoney Fortified Active Extension Alternat...
71
12.37%
42.84M—PFMN.TO vs PFAE.TO
BN
Brookfield Corporation
53
-3.93%
——PFMN.TO vs BN
CAOS
Alpha Architect Tail Risk ETFOptions Trading
36
0.71%
668.40MAug 2013PFMN.TO vs CAOS
PPA
Invesco Aerospace & Defense ETFAerospace & Defense, Industrials Equities
38
9.76%
8.26BOct 2005PFMN.TO vs PPA
DBMF
iMGP DBi Managed Futures Strategy ETFSystematic Trend
74
9.37%
1.89BMay 2019PFMN.TO vs DBMF
XEF.TO
iShares Core MSCI EAFE IMI Index ETFForeign Large Cap Equities
54
12.09%
22.44BApr 2013PFMN.TO vs XEF.TO
FTLS
First Trust Long/Short Equity ETFLong-Short
63
4.70%
2.40BSep 2014PFMN.TO vs FTLS
PRA.TO
Purpose Diversified Real Asset Fund
88
20.61%
313.20M—PFMN.TO vs PRA.TO
HIDE
Alpha Architect High Inflation And Deflation ETFDiversified Portfolio
61
5.36%
100.05MNov 2022PFMN.TO vs HIDE
RATE.TO
Arrow EC Income Advantage Alternative Fund
63
1.37%
——PFMN.TO vs RATE.TO
BOXX
Alpha Architect 1-3 Month Box ETFUltrashort Bond
100
1.70%
11.05BDec 2022PFMN.TO vs BOXX
ZROZ
PIMCO 25+ Year Zero Coupon US Treasury Index FundGovernment Bonds, Long-Term Bond
11
1.19%
1.40BOct 2009PFMN.TO vs ZROZ
ATSX.TO
Accelerate Enhanced Canadian Benchmark Alternative...
84
14.31%
4.94M—PFMN.TO vs ATSX.TO
ZLB.TO
BMO Low Volatility Canadian Equity ETFCanada Equities
45
6.82%
6.18BOct 2011PFMN.TO vs ZLB.TO
MIX.TO
Hamilton Enhanced Mixed Asset ETFDiversified Portfolio
51
5.01%
—Apr 2025PFMN.TO vs MIX.TO
PSA.TO
Purpose High Interest Savings FundMoney Market
99
1.01%
4.10BOct 2013PFMN.TO vs PSA.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
93
12.66%
2.35BFeb 2017PFMN.TO vs ZWC.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