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

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.

Looking to diversify beyond PFMN.TO? The ETFs below have the lowest correlation with PFMN.TO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PFMN.TO.

Best Diversifiers for PFMN.TO

11 ETFs have low correlation with PFMN.TO (below 0.3), 0 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
RATE.TO
Arrow EC Income Advantage Alternative Fund0.030.020.03
62
PFMN.TO vs RATE.TO
PSA.TO
Purpose High Interest Savings Fund0.050.090.08
100
Money MarketPFMN.TO vs PSA.TO
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ...0.050.060.15
98
Dividend, Large Cap Value EquitiesPFMN.TO vs XDIV.TO
ATSX.TO
Accelerate Enhanced Canadian Benchmark Alternative...0.070.030.05
86
PFMN.TO vs ATSX.TO
PRA.TO
Purpose Diversified Real Asset Fund0.080.010.16
94
PFMN.TO vs PRA.TO
See all 14 diversifiers for PFMN.TO

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Diversification Analysis

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