PFIA.TO vs. BSV
Compare and contrast key facts about Picton Mahoney Fortified Income Alternative Fund (PFIA.TO) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV).
PFIA.TO and BSV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
PFIA.TO vs. BSV - Performance Comparison
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PFIA.TO vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PFIA.TO Picton Mahoney Fortified Income Alternative Fund | -0.12% | 5.46% | 7.72% | 7.27% | -3.42% | 3.17% | 9.28% | 3.68% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 1.49% | 1.13% | 12.70% | 2.59% | 1.25% | -1.98% | 2.93% | 0.89% |
Different Trading Currencies
PFIA.TO is traded in CAD, while BSV is traded in USD. To make them comparable, the BSV values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PFIA.TO achieves a -0.12% return, which is significantly lower than BSV's 1.49% return.
PFIA.TO
- 1D
- 0.20%
- 1M
- -0.39%
- YTD
- -0.12%
- 6M
- 0.63%
- 1Y
- 4.07%
- 3Y*
- 6.30%
- 5Y*
- 3.44%
- 10Y*
- —
BSV
- 1D
- 0.03%
- 1M
- 1.18%
- YTD
- 1.49%
- 6M
- 1.24%
- 1Y
- 0.67%
- 3Y*
- 5.26%
- 5Y*
- 3.80%
- 10Y*
- 2.65%
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PFIA.TO vs. BSV - Expense Ratio Comparison
Return for Risk
PFIA.TO vs. BSV — Risk / Return Rank
PFIA.TO
BSV
PFIA.TO vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Picton Mahoney Fortified Income Alternative Fund (PFIA.TO) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| PFIA.TO | BSV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 0.13 | +1.54 |
Sortino ratioReturn per unit of downside risk | 2.48 | 0.20 | +2.27 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.03 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 3.64 | 0.25 | +3.39 |
Martin ratioReturn relative to average drawdown | 12.06 | 0.49 | +11.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PFIA.TO | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 0.13 | +1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.60 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.35 | +0.41 |
Correlation
The correlation between PFIA.TO and BSV is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PFIA.TO vs. BSV - Dividend Comparison
PFIA.TO's dividend yield for the trailing twelve months is around 4.22%, more than BSV's 3.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFIA.TO Picton Mahoney Fortified Income Alternative Fund | 4.22% | 3.96% | 3.68% | 5.64% | 4.69% | 4.25% | 6.03% | 1.93% | 0.00% | 0.00% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.58% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
Drawdowns
PFIA.TO vs. BSV - Drawdown Comparison
The maximum PFIA.TO drawdown since its inception was -17.12%, roughly equal to the maximum BSV drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for PFIA.TO and BSV.
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Drawdown Indicators
| PFIA.TO | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.12% | -8.54% | -8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -1.29% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -6.46% | -8.54% | +2.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.54% | — |
Current DrawdownCurrent decline from peak | -0.98% | -0.78% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -0.98% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.34% | +0.01% |
Volatility
PFIA.TO vs. BSV - Volatility Comparison
The current volatility for Picton Mahoney Fortified Income Alternative Fund (PFIA.TO) is 0.68%, while Vanguard Short-Term Bond Index Fund ETF Shares (BSV) has a volatility of 1.52%. This indicates that PFIA.TO experiences smaller price fluctuations and is considered to be less risky than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFIA.TO | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 1.52% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 3.57% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.46% | 5.33% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 6.39% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 6.86% | -0.39% |