PRA.TO vs. PFMN.TO
Compare and contrast key facts about Purpose Diversified Real Asset Fund (PRA.TO) and Picton Mahoney Fortified Market Neutral Alternative Fund (PFMN.TO).
PRA.TO and PFMN.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day.
Performance
PRA.TO vs. PFMN.TO - Performance Comparison
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PRA.TO vs. PFMN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PRA.TO Purpose Diversified Real Asset Fund | 23.39% | 18.21% | 8.78% | 2.07% | 15.88% | 23.55% | 5.06% | 3.56% |
PFMN.TO Picton Mahoney Fortified Market Neutral Alternative Fund | -0.43% | 4.86% | 15.06% | 3.13% | 5.43% | 6.10% | 16.70% | 0.99% |
Returns By Period
In the year-to-date period, PRA.TO achieves a 23.39% return, which is significantly higher than PFMN.TO's -0.43% return.
PRA.TO
- 1D
- -0.05%
- 1M
- 2.97%
- YTD
- 23.39%
- 6M
- 27.47%
- 1Y
- 35.59%
- 3Y*
- 17.29%
- 5Y*
- 16.74%
- 10Y*
- 11.41%
PFMN.TO
- 1D
- -0.03%
- 1M
- -0.74%
- YTD
- -0.43%
- 6M
- 1.05%
- 1Y
- 5.26%
- 3Y*
- 6.68%
- 5Y*
- 6.40%
- 10Y*
- —
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PRA.TO vs. PFMN.TO - Expense Ratio Comparison
Return for Risk
PRA.TO vs. PFMN.TO — Risk / Return Rank
PRA.TO
PFMN.TO
PRA.TO vs. PFMN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Diversified Real Asset Fund (PRA.TO) and Picton Mahoney Fortified Market Neutral Alternative Fund (PFMN.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.
| PRA.TO | PFMN.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.46 | 0.92 | +1.54 |
Sortino ratioReturn per unit of downside risk | 3.04 | 1.40 | +1.64 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.18 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.62 | +1.08 |
Martin ratioReturn relative to average drawdown | 12.49 | 4.57 | +7.93 |
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
| PRA.TO | PFMN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 0.92 | +1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 0.80 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.77 | -0.22 |
Correlation
The correlation between PRA.TO and PFMN.TO is 0.13, 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
PRA.TO vs. PFMN.TO - Dividend Comparison
PRA.TO's dividend yield for the trailing twelve months is around 2.10%, more than PFMN.TO's 0.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRA.TO Purpose Diversified Real Asset Fund | 2.10% | 3.23% | 2.95% | 3.12% | 1.93% | 1.25% | 1.52% | 1.57% | 1.77% | 1.55% | 1.64% | 2.09% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRA.TO vs. PFMN.TO - Drawdown Comparison
The maximum PRA.TO drawdown since its inception was -34.43%, which is greater than PFMN.TO's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for PRA.TO and PFMN.TO.
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Drawdown Indicators
| PRA.TO | PFMN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.43% | -13.04% | -21.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -3.49% | -9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -19.37% | -4.24% | -15.13% |
Max Drawdown (10Y)Largest decline over 10 years | -32.26% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -1.72% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -1.19% | -6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 1.24% | +1.60% |
Volatility
PRA.TO vs. PFMN.TO - Volatility Comparison
Purpose Diversified Real Asset Fund (PRA.TO) has a higher volatility of 3.66% compared to Picton Mahoney Fortified Market Neutral Alternative Fund (PFMN.TO) at 1.95%. This indicates that PRA.TO's price experiences larger fluctuations and is considered to be riskier than PFMN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRA.TO | PFMN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 1.95% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 3.24% | +6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.53% | 5.74% | +8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 8.01% | +5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 9.86% | +4.56% |