PFMS.TO vs. DGLM.TO
PFMS.TO (Picton Multi-Strategy Alternative Fund ETF) and DGLM.TO (Desjardins Global Macro ETF) are both Multistrategy funds. Both are actively managed. Their -0.01 correlation means they have often moved in opposite directions in the past. PFMS.TO charges 4.83%/yr vs 0.90%/yr for DGLM.TO.
Performance
PFMS.TO vs. DGLM.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PFMS.TO achieves a 7.43% return, which is significantly lower than DGLM.TO's 7.84% return.
PFMS.TO
- 1D
- 0.19%
- 1M
- 1.57%
- 6M
- 3.65%
- YTD
- 7.43%
- 1Y
- 16.05%
- 3Y*
- 12.43%
- 5Y*
- 6.24%
- 10Y*
- —
- ALL TIME*
- 7.09%
DGLM.TO
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 6.78%
- YTD
- 7.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DGLM.TO Desjardins Global Macro ETF | CA$213.70 | CA$1.06K | CA$415.46 |
| CA$50.37K | CA$34.59K | CA$33.22K |
PFMS.TO vs. DGLM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PFMS.TO Picton Multi-Strategy Alternative Fund ETF | 7.43% | 2.94% |
DGLM.TO Desjardins Global Macro ETF | 7.84% | -0.25% |
Correlation
The correlation between PFMS.TO and DGLM.TO is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 22, 2025 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PFMS.TO vs. DGLM.TO — Risk / Return Rank
PFMS.TO
DGLM.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PFMS.TO vs. DGLM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Picton Multi-Strategy Alternative Fund ETF (PFMS.TO) and Desjardins Global Macro ETF (DGLM.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFMS.TO | DGLM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | — | — |
| Martin ratioReturn relative to average drawdown | 10.89 | — | — |
Loading charts...
Drawdowns
PFMS.TO vs. DGLM.TO - Drawdown Comparison
The maximum PFMS.TO drawdown since its inception was -23.00%, which is greater than DGLM.TO's maximum drawdown of -2.58%. Use the drawdown chart below to compare losses from any high point for PFMS.TO and DGLM.TO.
Loading charts...
Drawdown Indicators
| PFMS.TO | DGLM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.00% | -2.58% | -20.42% |
Max Drawdown (1Y)Largest decline over 1 year | -5.07% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.11% | — | — |
Current DrawdownCurrent decline from peak | -1.16% | 0.00% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -0.47% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | — | — |
Volatility
PFMS.TO vs. DGLM.TO - Volatility Comparison
Loading charts...
Volatility by Period
| PFMS.TO | DGLM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.30% | 5.10% | +4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.67% | 5.10% | +6.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 5.10% | +8.59% |
PFMS.TO vs. DGLM.TO - Expense Ratio Comparison
PFMS.TO has a 4.83% expense ratio, which is higher than DGLM.TO's 0.90% expense ratio.
Dividends
PFMS.TO vs. DGLM.TO - Dividend Comparison
PFMS.TO has not paid dividends to shareholders, while DGLM.TO's dividend yield for the trailing twelve months is around 1.57%.
| Position | TTM |
|---|---|
DGLM.TO Desjardins Global Macro ETF | 1.57% |
PFMS.TO Picton Multi-Strategy Alternative Fund ETF | 0.00% |
Frequently Asked Questions
PFMS.TO and DGLM.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DGLM.TO is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DGLM.TO is cheaper with a 0.90% expense ratio, compared with 4.83% for PFMS.TO.
They also come from different issuers: Picton and Desjardins. Their fees differ too: 4.83% for PFMS.TO and 0.90% for DGLM.TO.
Find the right allocation for PFMS.TO and DGLM.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer