PFMN.TO vs. DBMF
Compare and contrast key facts about Picton Mahoney Fortified Market Neutral Alternative Fund (PFMN.TO) and iM DBi Managed Futures Strategy ETF (DBMF).
PFMN.TO and DBMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.
Performance
PFMN.TO vs. DBMF - Performance Comparison
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PFMN.TO vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PFMN.TO Picton Mahoney Fortified Market Neutral Alternative Fund | -0.40% | 4.86% | 15.06% | 3.13% | 5.43% | 6.10% | 16.70% | 0.99% |
DBMF iM DBi Managed Futures Strategy ETF | 9.33% | 8.62% | 16.45% | -10.94% | 30.27% | 10.48% | 0.08% | 6.11% |
Different Trading Currencies
PFMN.TO is traded in CAD, while DBMF is traded in USD. To make them comparable, the DBMF values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PFMN.TO achieves a -0.40% return, which is significantly lower than DBMF's 9.33% return.
PFMN.TO
- 1D
- 0.60%
- 1M
- -0.65%
- YTD
- -0.40%
- 6M
- 0.79%
- 1Y
- 5.70%
- 3Y*
- 6.69%
- 5Y*
- 6.41%
- 10Y*
- —
DBMF
- 1D
- -0.31%
- 1M
- -1.92%
- YTD
- 9.33%
- 6M
- 15.33%
- 1Y
- 22.08%
- 3Y*
- 10.95%
- 5Y*
- 10.89%
- 10Y*
- —
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PFMN.TO vs. DBMF - Expense Ratio Comparison
Return for Risk
PFMN.TO vs. DBMF — Risk / Return Rank
PFMN.TO
DBMF
PFMN.TO vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Picton Mahoney Fortified Market Neutral Alternative Fund (PFMN.TO) and iM DBi Managed Futures Strategy ETF (DBMF). 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.
| PFMN.TO | DBMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 1.91 | -0.92 |
Sortino ratioReturn per unit of downside risk | 1.51 | 2.61 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.39 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 4.07 | -2.58 |
Martin ratioReturn relative to average drawdown | 4.22 | 9.62 | -5.40 |
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
| PFMN.TO | DBMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.91 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.77 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.71 | +0.06 |
Correlation
The correlation between PFMN.TO and DBMF is 0.00, 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
PFMN.TO vs. DBMF - Dividend Comparison
PFMN.TO's dividend yield for the trailing twelve months is around 0.80%, less than DBMF's 5.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PFMN.TO Picton Mahoney Fortified Market Neutral Alternative Fund | 0.80% | 0.80% | 0.00% | 1.28% | 0.00% | 0.00% | 0.00% | 0.09% |
DBMF iM DBi Managed Futures Strategy ETF | 5.30% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% |
Drawdowns
PFMN.TO vs. DBMF - Drawdown Comparison
The maximum PFMN.TO drawdown since its inception was -13.04%, smaller than the maximum DBMF drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for PFMN.TO and DBMF.
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Drawdown Indicators
| PFMN.TO | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.04% | -20.39% | +7.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -6.10% | +2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -4.24% | -20.39% | +16.15% |
Current DrawdownCurrent decline from peak | -1.69% | -3.82% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -6.70% | +5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.40% | -0.16% |
Volatility
PFMN.TO vs. DBMF - Volatility Comparison
The current volatility for Picton Mahoney Fortified Market Neutral Alternative Fund (PFMN.TO) is 1.98%, while iM DBi Managed Futures Strategy ETF (DBMF) has a volatility of 5.02%. This indicates that PFMN.TO experiences smaller price fluctuations and is considered to be less risky than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFMN.TO | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 5.02% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.24% | 10.54% | -7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 11.59% | -5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.01% | 14.23% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.87% | 13.65% | -3.78% |