HDGE.TO vs. ATSX.TO

Last updated Jul 25, 2026

HDGE.TO (Accelerate Absolute Return Fund) and ATSX.TO (Accelerate Canadian Long Short Equity 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 20.94%/yr for ATSX.TO. At a 0.21 correlation, their price movements are largely independent. HDGE.TO charges 3.95%/yr vs 0.35%/yr for ATSX.TO.

Performance

HDGE.TO vs. ATSX.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 Canadian Long Short Equity Fund (ATSX.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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

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%

*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

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

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

Correlation

The correlation between HDGE.TO and ATSX.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

HDGE.TO vs. ATSX.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: 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

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

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. ATSX.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Accelerate Absolute Return Fund (HDGE.TO) and Accelerate Canadian Long Short Equity Fund (ATSX.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.TO	ATSX.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.56	2.54	-1.98
Sortino ratio: Return per unit of downside risk	0.86	3.28	-2.42
Omega ratio: Gain probability vs. loss probability	1.11	1.47	-0.36
Calmar ratio: Return relative to maximum drawdown	0.85	5.29	-4.44
Martin ratio: Return relative to average drawdown	2.31	19.93	-17.62

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

The current HDGE.TO Sharpe Ratio is 0.56, which is lower than the ATSX.TO Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of HDGE.TO and ATSX.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

HDGE.TO vs. ATSX.TO - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

HDGE.TO vs. ATSX.TO - Volatility Comparison

Accelerate Absolute Return Fund (HDGE.TO) has a higher volatility of 4.43% compared to Accelerate Canadian Long Short Equity Fund (ATSX.TO) at 4.19%. This indicates that HDGE.TO's price experiences larger fluctuations and is considered to be riskier than ATSX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

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

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

Dividends

HDGE.TO vs. ATSX.TO - Dividend Comparison

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

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 HDGE.TO and ATSX.TO in my portfolio?

HDGE.TO and ATSX.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, HDGE.TO or ATSX.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, HDGE.TO or ATSX.TO?

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

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

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