ATSX.TO vs. HDGE.TO

Last updated Jul 25, 2026

ATSX.TO (Accelerate Canadian Long Short Equity Fund) and HDGE.TO (Accelerate Absolute Return Fund) are both Long-Short funds from Accelerate Financial Technologies Inc.. Both are actively managed. Over the past 5 years, ATSX.TO returned 20.94%/yr vs 13.68%/yr for HDGE.TO. At a 0.21 correlation, their price movements are largely independent. ATSX.TO charges 0.35%/yr vs 3.95%/yr for HDGE.TO.

Performance

ATSX.TO vs. HDGE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Accelerate Canadian Long Short Equity Fund (ATSX.TO) and Accelerate Absolute Return Fund (HDGE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATSX.TO achieves a 18.75% return, which is significantly higher than HDGE.TO's 0.87% return.

ATSX.TO

• 1D: -0.70%
• 1M: 6.72%
• 6M: 12.93%
• YTD: 18.75%
• 1Y: 46.57%
• 3Y*: 27.95%
• 5Y*: 20.94%
• 10Y*: —
• ALL TIME*: 18.46%

HDGE.TO

• 1D: -0.54%
• 1M: -1.49%
• 6M: 3.31%
• YTD: 0.87%
• 1Y: 7.70%
• 3Y*: 9.13%
• 5Y*: 13.68%
• 10Y*: —
• ALL TIME*: 6.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ATSX.TO Accelerate Canadian Long Short Equity Fund	CA$18.98K	CA$15.39K	CA$14.63K
HDGE.TO Accelerate Absolute Return Fund	CA$3.92K	CA$12.94K	CA$12.62K

ATSX.TO vs. HDGE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ATSX.TO Accelerate Canadian Long Short Equity Fund	18.75%	41.34%	21.66%	6.63%	2.11%	29.61%	6.83%	10.04%
HDGE.TO Accelerate Absolute Return Fund	0.87%	3.68%	22.91%	3.36%	15.47%	27.57%	-20.14%	1.86%

Correlation

The correlation between ATSX.TO and HDGE.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since May 10, 2019	0.21

Return for Risk

ATSX.TO vs. HDGE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ATSX.TO

ATSX.TO Risk / Return Rank: 94
ATSX.TO Sharpe Ratio Rank: 93
ATSX.TO Sortino Ratio Rank: 92
ATSX.TO Omega Ratio Rank: 93
ATSX.TO Calmar Ratio Rank: 95
ATSX.TO Martin Ratio Rank: 95

HDGE.TO

HDGE.TO Risk / Return Rank: 25
HDGE.TO Sharpe Ratio Rank: 25
HDGE.TO Sortino Ratio Rank: 23
HDGE.TO Omega Ratio Rank: 24
HDGE.TO Calmar Ratio Rank: 27
HDGE.TO Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATSX.TO vs. HDGE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Accelerate Canadian Long Short Equity Fund (ATSX.TO) and Accelerate Absolute Return Fund (HDGE.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ATSX.TO	HDGE.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.54	0.56	+1.98
Sortino ratio: Return per unit of downside risk	3.28	0.86	+2.42
Omega ratio: Gain probability vs. loss probability	1.47	1.11	+0.36
Calmar ratio: Return relative to maximum drawdown	5.29	0.85	+4.44
Martin ratio: Return relative to average drawdown	19.93	2.31	+17.62

ATSX.TO vs. HDGE.TO - Sharpe Ratio Comparison

The current ATSX.TO Sharpe Ratio is 2.54, which is higher than the HDGE.TO Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of ATSX.TO and HDGE.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ATSX.TO vs. HDGE.TO - Drawdown Comparison

The maximum ATSX.TO drawdown since its inception was -25.95%, smaller than the maximum HDGE.TO drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for ATSX.TO and HDGE.TO.

Drawdown Indicators

	ATSX.TO	HDGE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.95%	-29.81%	+3.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-9.07%	+0.14%
Max Drawdown (3Y) Largest decline over 3 years	-12.24%	-12.20%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-14.45%	-13.69%	-0.76%
Current Drawdown Current decline from peak	-0.70%	-3.68%	+2.98%
Average Drawdown Average peak-to-trough decline	-4.95%	-8.58%	+3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	3.34%	-0.98%

Volatility

ATSX.TO vs. HDGE.TO - Volatility Comparison

The current volatility for Accelerate Canadian Long Short Equity Fund (ATSX.TO) is 4.19%, while Accelerate Absolute Return Fund (HDGE.TO) has a volatility of 4.43%. This indicates that ATSX.TO experiences smaller price fluctuations and is considered to be less risky than HDGE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATSX.TO	HDGE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	4.43%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	15.37%	11.52%	+3.85%
Volatility (1Y) Calculated over the trailing 1-year period	18.63%	13.92%	+4.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	16.45%	+1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	17.26%	+3.94%

ATSX.TO vs. HDGE.TO - Expense Ratio Comparison

ATSX.TO has a 0.35% expense ratio, which is lower than HDGE.TO's 3.95% expense ratio.

Dividends

ATSX.TO vs. HDGE.TO - Dividend Comparison

ATSX.TO has not paid dividends to shareholders, while HDGE.TO's dividend yield for the trailing twelve months is around 1.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ATSX.TO Accelerate Canadian Long Short Equity Fund	0.00%	0.00%	1.56%	7.45%	7.37%	11.77%	5.79%	3.60%
HDGE.TO Accelerate Absolute Return Fund	1.45%	1.45%	1.48%	2.10%	2.14%	2.05%	3.01%	0.99%

Frequently Asked Questions

Can I hold both ATSX.TO and HDGE.TO in my portfolio?

ATSX.TO and HDGE.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ATSX.TO or HDGE.TO?

On fees, ATSX.TO is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ATSX.TO or HDGE.TO?

ATSX.TO is cheaper with a 0.35% expense ratio, compared with 3.95% for HDGE.TO.

What is the main difference between ATSX.TO and HDGE.TO?

Their fees differ too: 0.35% for ATSX.TO and 3.95% for HDGE.TO.