PFIA.TO vs. XBB.TO
Compare and contrast key facts about Picton Mahoney Fortified Income Alternative Fund (PFIA.TO) and iShares Core Canadian Universe Bond Index ETF (XBB.TO).
PFIA.TO and XBB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Core Bd GR CAD. It was launched on Nov 20, 2000.
Performance
PFIA.TO vs. XBB.TO - Performance Comparison
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PFIA.TO vs. XBB.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% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 0.06% | 2.59% | 4.00% | 6.64% | -11.66% | -2.81% | 8.58% | 0.51% |
Returns By Period
In the year-to-date period, PFIA.TO achieves a -0.12% return, which is significantly lower than XBB.TO's 0.06% 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*
- —
XBB.TO
- 1D
- 0.25%
- 1M
- -1.99%
- YTD
- 0.06%
- 6M
- -0.33%
- 1Y
- 0.67%
- 3Y*
- 3.35%
- 5Y*
- 0.56%
- 10Y*
- 1.65%
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PFIA.TO vs. XBB.TO - Expense Ratio Comparison
Return for Risk
PFIA.TO vs. XBB.TO — Risk / Return Rank
PFIA.TO
XBB.TO
PFIA.TO vs. XBB.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 Canadian Universe Bond Index ETF (XBB.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 | XBB.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 0.14 | +1.52 |
Sortino ratioReturn per unit of downside risk | 2.48 | 0.22 | +2.26 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.03 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 3.64 | 0.36 | +3.28 |
Martin ratioReturn relative to average drawdown | 12.06 | 0.73 | +11.33 |
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 | XBB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 0.14 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.09 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.71 | +0.05 |
Correlation
The correlation between PFIA.TO and XBB.TO is 0.08, 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. XBB.TO - Dividend Comparison
PFIA.TO's dividend yield for the trailing twelve months is around 4.22%, more than XBB.TO's 3.43% 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% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.43% | 3.39% | 3.25% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% |
Drawdowns
PFIA.TO vs. XBB.TO - Drawdown Comparison
The maximum PFIA.TO drawdown since its inception was -17.12%, smaller than the maximum XBB.TO drawdown of -18.16%. Use the drawdown chart below to compare losses from any high point for PFIA.TO and XBB.TO.
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Drawdown Indicators
| PFIA.TO | XBB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.12% | -18.16% | +1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -2.83% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -6.46% | -15.90% | +9.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.16% | — |
Current DrawdownCurrent decline from peak | -0.98% | -2.79% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -2.77% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 1.40% | -1.05% |
Volatility
PFIA.TO vs. XBB.TO - Volatility Comparison
The current volatility for Picton Mahoney Fortified Income Alternative Fund (PFIA.TO) is 0.68%, while iShares Core Canadian Universe Bond Index ETF (XBB.TO) has a volatility of 2.00%. This indicates that PFIA.TO experiences smaller price fluctuations and is considered to be less risky than XBB.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 | XBB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 2.00% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 3.09% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.46% | 4.73% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 6.60% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 6.68% | -0.21% |