PFMN.TO Alternatives & Similar ETFs

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.

Best Risk-Adjusted Alternatives to PFMN.TO

PFMN.TO has a PortfoliosLab risk / return rank of 34. There are 2 ETFs in the Long-Short category with higher risk-adjusted ranks, going as high as 68.

Symbol	Name	Risk / Return Rank	AUM	Inception
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	68	11.20M	Oct 2014	PFMN.TO vs PMM.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	40	—	Feb 2024	PFMN.TO vs FCLS.NEO
CMAG.TO	CI Munro Alternative Global Growth Fund	27	153.60M	Jan 2021	PFMN.TO vs CMAG.TO
ARB.TO	Accelerate Arbitrage Fund	15	40.70M	—	PFMN.TO vs ARB.TO

Top Performing PFMN.TO Alternatives (YTD)

PFMN.TO is at 2.36% YTD. There are 3 ETFs in the Long-Short category with higher YTD returns, going as high as 9.57%.

Symbol	Name	YTD Return	AUM	Inception
CMAG.TO	CI Munro Alternative Global Growth Fund	9.57%	153.60M	Jan 2021	PFMN.TO vs CMAG.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	6.24%	—	Feb 2024	PFMN.TO vs FCLS.NEO
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	5.80%	11.20M	Oct 2014	PFMN.TO vs PMM.TO
ARB.TO	Accelerate Arbitrage Fund	0.64%	40.70M	—	PFMN.TO vs ARB.TO

Lowest Volatility Alternatives to PFMN.TO

PFMN.TO has 4.73% 1-year volatility. No ETFs in the Long-Short category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 8.33%.

Symbol	Name	Volatility 1Y	AUM	Inception
ARB.TO	Accelerate Arbitrage Fund	8.33%	40.70M	—	PFMN.TO vs ARB.TO
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	9.51%	11.20M	Oct 2014	PFMN.TO vs PMM.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	15.82%	—	Feb 2024	PFMN.TO vs FCLS.NEO
CMAG.TO	CI Munro Alternative Global Growth Fund	21.21%	153.60M	Jan 2021	PFMN.TO vs CMAG.TO

Lowest Drawdown Alternatives to PFMN.TO

PFMN.TO has a 1-year max drawdown of -3.49%. There is 1 ETF in the Long-Short category with a shallower 1-year drawdown, going as shallow as -2.50%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
ARB.TO	Accelerate Arbitrage Fund	-2.50%	40.70M	—	PFMN.TO vs ARB.TO
PMM.TO	Purpose Multi-Strategy Market Neutral Fund	-3.50%	11.20M	Oct 2014	PFMN.TO vs PMM.TO
CMAG.TO	CI Munro Alternative Global Growth Fund	-11.54%	153.60M	Jan 2021	PFMN.TO vs CMAG.TO
FCLS.NEO	Fidelity Canadian Long/Short Alternative ETF	-12.39%	—	Feb 2024	PFMN.TO vs FCLS.NEO

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.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PFLS.TO	Picton Mahoney Fortified Long Short Alternative Fu...		66	8.06%	133.94M	—	PFMN.TO vs PFLS.TO
ZPAY.TO	BMO Premium Yield ETF	Large Cap Growth Equities	26	7.35%	443.90M	Jan 2020	PFMN.TO vs ZPAY.TO
PFIA.TO	Picton Mahoney Fortified Income Alternative Fund		64	1.26%	353.70M	—	PFMN.TO vs PFIA.TO
PFAE.TO	Picton Mahoney Fortified Active Extension Alternat...		72	11.64%	42.84M	—	PFMN.TO vs PFAE.TO
BN	Brookfield Corporation		37	-4.61%	—	—	PFMN.TO vs BN
CAOS	Alpha Architect Tail Risk ETF	Options Trading	55	0.96%	668.40M	Aug 2013	PFMN.TO vs CAOS
DBMF	iMGP DBi Managed Futures Strategy ETF	Systematic Trend	86	11.01%	1.89B	May 2019	PFMN.TO vs DBMF
PPA	Invesco Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	26	7.70%	8.22B	Oct 2005	PFMN.TO vs PPA
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Foreign Large Cap Equities	56	11.41%	22.53B	Apr 2013	PFMN.TO vs XEF.TO
FTLS	First Trust Long/Short Equity ETF	Long-Short	72	5.62%	2.45B	Sep 2014	PFMN.TO vs FTLS
PRA.TO	Purpose Diversified Real Asset Fund		94	22.32%	320.70M	—	PFMN.TO vs PRA.TO
HIDE	Alpha Architect High Inflation And Deflation ETF	Diversified Portfolio	85	7.76%	100.05M	Nov 2022	PFMN.TO vs HIDE
RATE.TO	Arrow EC Income Advantage Alternative Fund		72	1.52%	—	—	PFMN.TO vs RATE.TO
BOXX	Alpha Architect 1-3 Month Box ETF	Ultrashort Bond	100	2.08%	11.05B	Dec 2022	PFMN.TO vs BOXX
ATSX.TO	Accelerate Enhanced Canadian Benchmark Alternative...		91	16.78%	4.94M	—	PFMN.TO vs ATSX.TO
ZROZ	PIMCO 25+ Year Zero Coupon US Treasury Index Fund	Government Bonds, Long-Term Bond	12	-2.66%	1.37B	Oct 2009	PFMN.TO vs ZROZ
PSA.TO	Purpose High Interest Savings Fund	Money Market	100	1.19%	4.10B	Oct 2013	PFMN.TO vs PSA.TO
MIX.TO	Hamilton Enhanced Mixed Asset ETF	Diversified Portfolio	48	4.19%	—	Apr 2025	PFMN.TO vs MIX.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	96	15.08%	2.41B	Feb 2017	PFMN.TO vs ZWC.TO
ZLB.TO	BMO Low Volatility Canadian Equity ETF	Canada Equities	57	8.71%	6.24B	Oct 2011	PFMN.TO vs ZLB.TO

Compare PFMN.TO with Any Fund or Stock

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

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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

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