PFLS.TO vs. PFAE.TO
Compare and contrast key facts about Picton Mahoney Fortified Long Short Alternative Fund (PFLS.TO) and Picton Mahoney Fortified Active Extension Alternative Fund (PFAE.TO).
PFLS.TO and PFAE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFLS.TO or PFAE.TO.
Correlation
The correlation between PFLS.TO and PFAE.TO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PFLS.TO vs. PFAE.TO - Performance Comparison
Key characteristics
PFLS.TO:
1.53
PFAE.TO:
1.65
PFLS.TO:
2.23
PFAE.TO:
2.40
PFLS.TO:
1.29
PFAE.TO:
1.46
PFLS.TO:
5.29
PFAE.TO:
2.99
PFLS.TO:
13.61
PFAE.TO:
14.65
PFLS.TO:
1.20%
PFAE.TO:
1.86%
PFLS.TO:
10.67%
PFAE.TO:
16.45%
PFLS.TO:
-11.81%
PFAE.TO:
-31.50%
PFLS.TO:
-2.61%
PFAE.TO:
-2.93%
Returns By Period
In the year-to-date period, PFLS.TO achieves a 0.49% return, which is significantly lower than PFAE.TO's 1.58% return.
PFLS.TO
0.49%
-2.41%
6.51%
16.35%
N/A
N/A
PFAE.TO
1.58%
-2.17%
11.60%
24.58%
14.55%
N/A
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PFLS.TO vs. PFAE.TO - Expense Ratio Comparison
Risk-Adjusted Performance
PFLS.TO vs. PFAE.TO — Risk-Adjusted Performance Rank
PFLS.TO
PFAE.TO
PFLS.TO vs. PFAE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Picton Mahoney Fortified Long Short Alternative Fund (PFLS.TO) and Picton Mahoney Fortified Active Extension Alternative Fund (PFAE.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.
Dividends
PFLS.TO vs. PFAE.TO - Dividend Comparison
PFLS.TO has not paid dividends to shareholders, while PFAE.TO's dividend yield for the trailing twelve months is around 0.03%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
PFLS.TO Picton Mahoney Fortified Long Short Alternative Fund | 0.00% | 0.00% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% |
PFAE.TO Picton Mahoney Fortified Active Extension Alternative Fund | 0.03% | 0.03% | 0.69% | 0.55% | 0.00% | 0.00% | 0.95% |
Drawdowns
PFLS.TO vs. PFAE.TO - Drawdown Comparison
The maximum PFLS.TO drawdown since its inception was -11.81%, smaller than the maximum PFAE.TO drawdown of -31.50%. Use the drawdown chart below to compare losses from any high point for PFLS.TO and PFAE.TO. For additional features, visit the drawdowns tool.
Volatility
PFLS.TO vs. PFAE.TO - Volatility Comparison
The current volatility for Picton Mahoney Fortified Long Short Alternative Fund (PFLS.TO) is 3.00%, while Picton Mahoney Fortified Active Extension Alternative Fund (PFAE.TO) has a volatility of 3.38%. This indicates that PFLS.TO experiences smaller price fluctuations and is considered to be less risky than PFAE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.