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HDGE.TO vs. ARB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HDGE.TO vs. ARB.TO

Last updated Jul 25, 2026
Documentation

HDGE.TO (Accelerate Absolute Return Fund) and ARB.TO (Accelerate Arbitrage Fund) are both Long-Short funds from Accelerate Financial Technologies Inc.. Both are actively managed. Over the past 5 years, HDGE.TO returned 13.68%/yr vs 3.77%/yr for ARB.TO. At a 0.05 correlation, their price movements are largely independent. HDGE.TO charges 3.95%/yr vs 1.50%/yr for ARB.TO.

Performance

HDGE.TO vs. ARB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Accelerate Absolute Return Fund (HDGE.TO) and Accelerate Arbitrage Fund (ARB.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, HDGE.TO achieves a 0.87% return, which is significantly lower than ARB.TO's 1.08% return.

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%

ARB.TO

1D
0.11%
1M
0.54%
6M
-0.81%
YTD
1.08%
1Y
2.62%
3Y*
6.41%
5Y*
3.77%
10Y*
—
ALL TIME*
8.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

ARB.TO

Accelerate Arbitrage Fund
CA$13.73KCA$46.92KCA$52.11K

HDGE.TO

Accelerate Absolute Return Fund
CA$3.92KCA$12.94KCA$12.62K

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

2026 (YTD)202520242023202220212020
HDGE.TO
Accelerate Absolute Return Fund		0.87%3.68%22.91%3.36%15.47%27.57%5.71%
ARB.TO
Accelerate Arbitrage Fund		1.08%10.14%5.29%3.48%-1.10%6.94%31.16%

Correlation

The correlation between HDGE.TO and ARB.TO is 0.09, 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

0.09

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

0.03

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

0.06

Correlation (All Time)
Calculated using the full available price history since Apr 6, 2020

0.05

Compare stocks, funds, or ETFs

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

Accelerate Absolute Return Fund

Accelerate Arbitrage Fund

Often compared with HDGE.TO:
HDGE.TO vs. PFLS.TOHDGE.TO vs. SPYHDGE.TO vs. QQQHDGE.TO vs. XIU.TOHDGE.TO vs. SPMOHDGE.TO vs. PFMN.TO
Often compared with ARB.TO:
ARB.TO vs. BOXXARB.TO vs. PFMN.TOARB.TO vs. CTAARB.TO vs. FCLS.NEOARB.TO vs. CMAG.TOARB.TO vs. FGLS.NEOARB.TO vs. PMM.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HDGE.TO
HDGE.TO Risk / Return Rank: 2525
Overall Rank
HDGE.TO Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
HDGE.TO Sortino Ratio Rank: 2323
Sortino Ratio Rank
HDGE.TO Omega Ratio Rank: 2424
Omega Ratio Rank
HDGE.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
HDGE.TO Martin Ratio Rank: 2828
Martin Ratio Rank
ARB.TO
ARB.TO Risk / Return Rank: 2222
Overall Rank
ARB.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
ARB.TO Sortino Ratio Rank: 1717
Sortino Ratio Rank
ARB.TO Omega Ratio Rank: 1717
Omega Ratio Rank
ARB.TO Calmar Ratio Rank: 3131
Calmar Ratio Rank
ARB.TO Martin Ratio Rank: 2626
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.

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

This table presents a comparison of risk-adjusted performance metrics for Accelerate Absolute Return Fund (HDGE.TO) and Accelerate Arbitrage Fund (ARB.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.

HDGE.TOARB.TODifference
Sharpe ratioReturn per unit of total volatility
0.56
0.32

+0.24

Sortino ratioReturn per unit of downside risk
0.86
0.51

+0.35

Omega ratioGain probability vs. loss probability

1.11

1.06

+0.05

Calmar ratioReturn relative to maximum drawdown

0.85

1.05

-0.20

Martin ratioReturn relative to average drawdown

2.31

2.15

+0.16

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

The current HDGE.TO Sharpe Ratio is 0.56, which is higher than the ARB.TO Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of HDGE.TO and ARB.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

HDGE.TO vs. ARB.TO - Drawdown Comparison

The maximum HDGE.TO drawdown since its inception was -29.81%, which is greater than ARB.TO's maximum drawdown of -13.46%. Use the drawdown chart below to compare losses from any high point for HDGE.TO and ARB.TO.

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Drawdown Indicators

HDGE.TOARB.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.81%

-13.46%

-16.35%

Max Drawdown (1Y)

Largest decline over 1 year

-9.07%

-2.50%

-6.57%

Max Drawdown (3Y)

Largest decline over 3 years

-12.20%

-2.50%

-9.70%

Max Drawdown (5Y)

Largest decline over 5 years

-13.69%

-5.18%

-8.51%

Current Drawdown

Current decline from peak

-3.68%

-1.08%

-2.60%

Average Drawdown

Average peak-to-trough decline

-8.58%

-5.67%

-2.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.34%

1.22%

+2.12%

Volatility

HDGE.TO vs. ARB.TO - Volatility Comparison

Accelerate Absolute Return Fund (HDGE.TO) has a higher volatility of 4.43% compared to Accelerate Arbitrage Fund (ARB.TO) at 1.81%. This indicates that HDGE.TO's price experiences larger fluctuations and is considered to be riskier than ARB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HDGE.TOARB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.43%

1.81%

+2.62%

Volatility (6M)

Calculated over the trailing 6-month period

11.52%

5.28%

+6.24%

Volatility (1Y)

Calculated over the trailing 1-year period

13.92%

8.32%

+5.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.45%

7.15%

+9.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.26%

8.33%

+8.93%

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

HDGE.TO has a 3.95% expense ratio, which is higher than ARB.TO's 1.50% expense ratio.

Dividends

HDGE.TO vs. ARB.TO - Dividend Comparison

HDGE.TO's dividend yield for the trailing twelve months is around 1.45%, less than ARB.TO's 3.78% yield.

PositionTTM2025202420232022202120202019
ARB.TO
Accelerate Arbitrage Fund		3.78%3.75%3.98%3.56%3.09%2.63%1.24%0.00%
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

HDGE.TO and ARB.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ARB.TO is cheaper at 1.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ARB.TO is cheaper with a 1.50% expense ratio, compared with 3.95% for HDGE.TO.

Their fees differ too: 3.95% for HDGE.TO and 1.50% for ARB.TO.

Portfolio Optimizer

Find the right allocation for HDGE.TO and ARB.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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