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ATSX.TO vs. PFIA.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ATSX.TO vs. PFIA.TO

Last updated Jul 25, 2026
Documentation

ATSX.TO (Accelerate Canadian Long Short Equity Fund) and PFIA.TO (PICTON Long Short Income Alternative Fund) are both Long-Short funds. Both are actively managed. Over the past 5 years, ATSX.TO returned 20.94%/yr vs 3.41%/yr for PFIA.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

ATSX.TO vs. PFIA.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 PICTON Long Short Income Alternative Fund (PFIA.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ATSX.TO achieves a 18.75% return, which is significantly higher than PFIA.TO's 0.91% 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%

PFIA.TO

1D
0.00%
1M
0.26%
6M
0.37%
YTD
0.91%
1Y
3.30%
3Y*
5.78%
5Y*
3.41%
10Y*
—
ALL TIME*
4.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

ATSX.TO

Accelerate Canadian Long Short Equity Fund
CA$18.98KCA$15.39KCA$14.63K

PFIA.TO

PICTON Long Short Income Alternative Fund
CA$392.29KCA$336.42KCA$327.83K

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

2026 (YTD)2025202420232022202120202019
ATSX.TO
Accelerate Canadian Long Short Equity Fund		18.75%41.34%21.66%6.63%2.11%29.61%6.83%3.72%
PFIA.TO
PICTON Long Short Income Alternative Fund		0.91%5.42%7.76%7.26%-3.42%3.17%9.26%3.58%

Correlation

The correlation between ATSX.TO and PFIA.TO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Jul 16, 2019

0.04

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Accelerate Canadian Long Short Equity Fund

PICTON Long Short Income Alternative Fund

Often compared with ATSX.TO:
ATSX.TO vs. VFV.TOATSX.TO vs. MSFTATSX.TO vs. VMO.TOATSX.TO vs. WXM.TOATSX.TO vs. SPYVATSX.TO vs. AVDVATSX.TO vs. XEQT.TO
Often compared with PFIA.TO:
PFIA.TO vs. PMIF.TOPFIA.TO vs. PFMN.TOPFIA.TO vs. CASH.TOPFIA.TO vs. VSBIXPFIA.TO vs. VDY.TOPFIA.TO vs. XBAL.TOPFIA.TO vs. XCB.TO

Return for Risk

ATSX.TO vs. PFIA.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: 9494
Overall Rank
ATSX.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ATSX.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
ATSX.TO Omega Ratio Rank: 9393
Omega Ratio Rank
ATSX.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
ATSX.TO Martin Ratio Rank: 9595
Martin Ratio Rank
PFIA.TO
PFIA.TO Risk / Return Rank: 6161
Overall Rank
PFIA.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
PFIA.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
PFIA.TO Omega Ratio Rank: 6262
Omega Ratio Rank
PFIA.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
PFIA.TO Martin Ratio Rank: 5757
Martin Ratio Rank
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. PFIA.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 PICTON Long Short Income Alternative Fund (PFIA.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.TOPFIA.TODifference
Sharpe ratioReturn per unit of total volatility
2.54
1.37

+1.17

Sortino ratioReturn per unit of downside risk
3.28
1.99

+1.29

Omega ratioGain probability vs. loss probability

1.47

1.26

+0.21

Calmar ratioReturn relative to maximum drawdown

5.29

2.44

+2.85

Martin ratioReturn relative to average drawdown

19.93

6.83

+13.10

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

The current ATSX.TO Sharpe Ratio is 2.54, which is higher than the PFIA.TO Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of ATSX.TO and PFIA.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.

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Drawdowns

ATSX.TO vs. PFIA.TO - Drawdown Comparison

The maximum ATSX.TO drawdown since its inception was -25.95%, which is greater than PFIA.TO's maximum drawdown of -17.12%. Use the drawdown chart below to compare losses from any high point for ATSX.TO and PFIA.TO.

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Drawdown Indicators

ATSX.TOPFIA.TODifference

Max Drawdown

Largest peak-to-trough decline

-25.95%

-17.12%

-8.83%

Max Drawdown (1Y)

Largest decline over 1 year

-8.93%

-1.36%

-7.57%

Max Drawdown (3Y)

Largest decline over 3 years

-12.24%

-1.47%

-10.77%

Max Drawdown (5Y)

Largest decline over 5 years

-14.45%

-6.46%

-7.99%

Current Drawdown

Current decline from peak

-0.70%

-0.34%

-0.36%

Average Drawdown

Average peak-to-trough decline

-4.95%

-1.11%

-3.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.36%

0.48%

+1.88%

Volatility

ATSX.TO vs. PFIA.TO - Volatility Comparison

Accelerate Canadian Long Short Equity Fund (ATSX.TO) has a higher volatility of 4.19% compared to PICTON Long Short Income Alternative Fund (PFIA.TO) at 0.67%. This indicates that ATSX.TO's price experiences larger fluctuations and is considered to be riskier than PFIA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ATSX.TOPFIA.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.19%

0.67%

+3.52%

Volatility (6M)

Calculated over the trailing 6-month period

15.37%

1.88%

+13.49%

Volatility (1Y)

Calculated over the trailing 1-year period

18.63%

2.43%

+16.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.72%

4.18%

+13.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.20%

6.35%

+14.85%

Dividends

ATSX.TO vs. PFIA.TO - Dividend Comparison

ATSX.TO has not paid dividends to shareholders, while PFIA.TO's dividend yield for the trailing twelve months is around 4.91%.

PositionTTM2025202420232022202120202019
ATSX.TO
Accelerate Canadian Long Short Equity Fund		0.00%0.00%1.56%7.45%7.37%11.77%5.79%3.60%
PFIA.TO
PICTON Long Short Income Alternative Fund		4.91%3.97%3.66%5.63%4.69%4.25%6.02%1.66%

Frequently Asked Questions

ATSX.TO and PFIA.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Accelerate Financial Technologies Inc. and PICTON Investments.

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