PFLS.TO vs. TTP.TO
Compare and contrast key facts about Picton Mahoney Fortified Long Short Alternative Fund (PFLS.TO) and TD Canadian Equity Index ETF (TTP.TO).
PFLS.TO and TTP.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TTP.TO is a passively managed fund by TD that tracks the performance of the Solactive Canada Broad Market Index. It was launched on Mar 22, 2016.
Performance
PFLS.TO vs. TTP.TO - Performance Comparison
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PFLS.TO vs. TTP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PFLS.TO Picton Mahoney Fortified Long Short Alternative Fund | 0.24% | 13.69% | 19.22% | 6.68% | 0.48% | 18.51% | 20.68% |
TTP.TO TD Canadian Equity Index ETF | 3.81% | 31.96% | 20.92% | 11.66% | -5.76% | 25.31% | 10.28% |
Returns By Period
In the year-to-date period, PFLS.TO achieves a 0.24% return, which is significantly lower than TTP.TO's 3.81% return.
PFLS.TO
- 1D
- 1.59%
- 1M
- -3.43%
- YTD
- 0.24%
- 6M
- 3.12%
- 1Y
- 15.58%
- 3Y*
- 12.24%
- 5Y*
- 10.31%
- 10Y*
- —
TTP.TO
- 1D
- 2.82%
- 1M
- -4.49%
- YTD
- 3.81%
- 6M
- 10.34%
- 1Y
- 34.70%
- 3Y*
- 20.97%
- 5Y*
- 14.83%
- 10Y*
- 12.54%
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PFLS.TO vs. TTP.TO - Expense Ratio Comparison
Return for Risk
PFLS.TO vs. TTP.TO — Risk / Return Rank
PFLS.TO
TTP.TO
PFLS.TO vs. TTP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Picton Mahoney Fortified Long Short Alternative Fund (PFLS.TO) and TD Canadian Equity Index ETF (TTP.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.
| PFLS.TO | TTP.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 2.27 | -0.79 |
Sortino ratioReturn per unit of downside risk | 2.15 | 2.87 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.45 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 3.25 | -0.99 |
Martin ratioReturn relative to average drawdown | 9.33 | 14.58 | -5.25 |
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
| PFLS.TO | TTP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.27 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 1.14 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.85 | +0.18 |
Correlation
The correlation between PFLS.TO and TTP.TO is 0.56, 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.
Dividends
PFLS.TO vs. TTP.TO - Dividend Comparison
PFLS.TO has not paid dividends to shareholders, while TTP.TO's dividend yield for the trailing twelve months is around 2.01%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PFLS.TO Picton Mahoney Fortified Long Short Alternative Fund | 0.00% | 0.00% | 0.00% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TTP.TO TD Canadian Equity Index ETF | 2.01% | 2.06% | 2.56% | 2.91% | 3.68% | 1.86% | 2.84% | 2.09% | 2.89% | 2.32% | 1.85% |
Drawdowns
PFLS.TO vs. TTP.TO - Drawdown Comparison
The maximum PFLS.TO drawdown since its inception was -11.82%, smaller than the maximum TTP.TO drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for PFLS.TO and TTP.TO.
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Drawdown Indicators
| PFLS.TO | TTP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.82% | -37.03% | +25.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.98% | -10.99% | +4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -11.82% | -16.44% | +4.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.03% | — |
Current DrawdownCurrent decline from peak | -4.13% | -5.04% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -3.38% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.45% | -0.76% |
Volatility
PFLS.TO vs. TTP.TO - Volatility Comparison
The current volatility for Picton Mahoney Fortified Long Short Alternative Fund (PFLS.TO) is 3.80%, while TD Canadian Equity Index ETF (TTP.TO) has a volatility of 6.07%. This indicates that PFLS.TO experiences smaller price fluctuations and is considered to be less risky than TTP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFLS.TO | TTP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 6.07% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 11.02% | -3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 15.40% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 13.13% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.54% | 14.83% | -1.29% |