PFIA.TO vs. XBAL.TO
Compare and contrast key facts about Picton Mahoney Fortified Income Alternative Fund (PFIA.TO) and iShares Core Balanced ETF Portfolio (XBAL.TO).
PFIA.TO and XBAL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBAL.TO is an actively managed fund by iShares. It was launched on Jun 21, 2007.
Performance
PFIA.TO vs. XBAL.TO - Performance Comparison
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PFIA.TO vs. XBAL.TO - 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% |
XBAL.TO iShares Core Balanced ETF Portfolio | 0.29% | 11.87% | 15.76% | 13.01% | -11.19% | 10.11% | 10.67% | 4.32% |
Returns By Period
In the year-to-date period, PFIA.TO achieves a -0.12% return, which is significantly lower than XBAL.TO's 0.29% 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*
- —
XBAL.TO
- 1D
- 1.71%
- 1M
- -3.45%
- YTD
- 0.29%
- 6M
- 0.54%
- 1Y
- 11.30%
- 3Y*
- 11.77%
- 5Y*
- 6.99%
- 10Y*
- 7.19%
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PFIA.TO vs. XBAL.TO - Expense Ratio Comparison
Return for Risk
PFIA.TO vs. XBAL.TO — Risk / Return Rank
PFIA.TO
XBAL.TO
PFIA.TO vs. XBAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Picton Mahoney Fortified Income Alternative Fund (PFIA.TO) and iShares Core Balanced ETF Portfolio (XBAL.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.
| PFIA.TO | XBAL.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.11 | +0.55 |
Sortino ratioReturn per unit of downside risk | 2.48 | 1.53 | +0.94 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.64 | 1.53 | +2.11 |
Martin ratioReturn relative to average drawdown | 12.06 | 6.31 | +5.75 |
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 | XBAL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.11 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.81 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.64 | +0.11 |
Correlation
The correlation between PFIA.TO and XBAL.TO is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PFIA.TO vs. XBAL.TO - Dividend Comparison
PFIA.TO's dividend yield for the trailing twelve months is around 4.22%, more than XBAL.TO's 2.25% 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% |
XBAL.TO iShares Core Balanced ETF Portfolio | 2.25% | 2.24% | 2.68% | 2.40% | 2.09% | 1.74% | 1.99% | 2.26% | 3.39% | 2.93% | 3.64% | 3.29% |
Drawdowns
PFIA.TO vs. XBAL.TO - Drawdown Comparison
The maximum PFIA.TO drawdown since its inception was -17.12%, smaller than the maximum XBAL.TO drawdown of -28.83%. Use the drawdown chart below to compare losses from any high point for PFIA.TO and XBAL.TO.
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Drawdown Indicators
| PFIA.TO | XBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.12% | -28.83% | +11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -7.68% | +6.51% |
Max Drawdown (5Y)Largest decline over 5 years | -6.46% | -17.12% | +10.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.93% | — |
Current DrawdownCurrent decline from peak | -0.98% | -3.84% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -3.41% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 1.86% | -1.51% |
Volatility
PFIA.TO vs. XBAL.TO - Volatility Comparison
The current volatility for Picton Mahoney Fortified Income Alternative Fund (PFIA.TO) is 0.68%, while iShares Core Balanced ETF Portfolio (XBAL.TO) has a volatility of 4.28%. This indicates that PFIA.TO experiences smaller price fluctuations and is considered to be less risky than XBAL.TO 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 | XBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 4.28% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 6.56% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.46% | 10.21% | -7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 8.64% | -4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 9.27% | -2.80% |