QBTL.TO vs. HDGE.TO
QBTL.TO (AGF US Market Neutral Anti-Beta CAD-Hedged ETF) and HDGE.TO (Accelerate Absolute Return Fund) are both exchange-traded funds - QBTL.TO is a Equity Market Neutral fund actively managed by AGF, while HDGE.TO is a Long-Short fund actively managed by Accelerate Financial Technologies Inc.. Both are actively managed. Over the past 5 years, QBTL.TO returned -4.83%/yr vs 14.17%/yr for HDGE.TO. Their 0.03 correlation means their historical movements had little consistent relationship. QBTL.TO charges 0.55%/yr vs 3.95%/yr for HDGE.TO.
Performance
QBTL.TO vs. HDGE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QBTL.TO achieves a -15.06% return, which is significantly lower than HDGE.TO's 1.64% return.
QBTL.TO
- 1D
- 0.78%
- 1M
- 6.72%
- 6M
- -13.58%
- YTD
- -15.06%
- 1Y
- -26.30%
- 3Y*
- -9.01%
- 5Y*
- -4.83%
- 10Y*
- —
- ALL TIME*
- -7.98%
HDGE.TO
- 1D
- 1.98%
- 1M
- 2.73%
- 6M
- 3.78%
- YTD
- 1.64%
- 1Y
- 6.43%
- 3Y*
- 9.06%
- 5Y*
- 14.17%
- 10Y*
- —
- ALL TIME*
- 6.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$5.10K | CA$9.90K | CA$12.56K | |
| CA$48.21K | CA$82.83K | CA$92.70K |
QBTL.TO vs. HDGE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QBTL.TO AGF US Market Neutral Anti-Beta CAD-Hedged ETF | -15.06% | -21.84% | 12.22% | -15.56% | 21.08% | -8.37% | -12.51% | -7.06% |
HDGE.TO Accelerate Absolute Return Fund | 1.64% | 3.68% | 22.91% | 3.36% | 15.47% | 27.57% | -20.14% | 4.11% |
Correlation
The correlation between QBTL.TO and HDGE.TO is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.00 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2019 | 0.03 |
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Return for Risk
QBTL.TO vs. HDGE.TO — Risk / Return Rank
QBTL.TO
HDGE.TO
QBTL.TO vs. HDGE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGF US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL.TO) and Accelerate Absolute Return Fund (HDGE.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.
| QBTL.TO | HDGE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.10 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 0.77 | -1.45 |
| Martin ratioReturn relative to average drawdown | -1.22 | 2.06 | -3.27 |
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Drawdowns
QBTL.TO vs. HDGE.TO - Drawdown Comparison
The maximum QBTL.TO drawdown since its inception was -54.72%, which is greater than HDGE.TO's maximum drawdown of -29.81%. Use the drawdown chart below to compare losses from any high point for QBTL.TO and HDGE.TO.
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Drawdown Indicators
| QBTL.TO | HDGE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.72% | -29.81% | -24.91% |
Max Drawdown (1Y)Largest decline over 1 year | -36.08% | -9.07% | -27.01% |
Max Drawdown (3Y)Largest decline over 3 years | -49.31% | -12.20% | -37.11% |
Max Drawdown (5Y)Largest decline over 5 years | -49.31% | -13.69% | -35.62% |
Current DrawdownCurrent decline from peak | -48.87% | -2.95% | -45.92% |
Average DrawdownAverage peak-to-trough decline | -25.32% | -8.57% | -16.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.18% | 3.39% | +16.79% |
Volatility
QBTL.TO vs. HDGE.TO - Volatility Comparison
AGF US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL.TO) has a higher volatility of 7.40% compared to Accelerate Absolute Return Fund (HDGE.TO) at 3.41%. This indicates that QBTL.TO's price experiences larger fluctuations and is considered to be riskier than HDGE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QBTL.TO | HDGE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 3.41% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 18.57% | 10.78% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.14% | 14.03% | +10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.91% | 16.45% | +3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.03% | 17.26% | +2.77% |
QBTL.TO vs. HDGE.TO - Expense Ratio Comparison
QBTL.TO has a 0.55% expense ratio, which is lower than HDGE.TO's 3.95% expense ratio.
Dividends
QBTL.TO vs. HDGE.TO - Dividend Comparison
QBTL.TO has not paid dividends to shareholders, while HDGE.TO's dividend yield for the trailing twelve months is around 1.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HDGE.TO Accelerate Absolute Return Fund | 1.44% | 1.45% | 1.48% | 2.10% | 2.14% | 2.05% | 3.01% | 0.99% |
QBTL.TO AGF US Market Neutral Anti-Beta CAD-Hedged ETF | 0.00% | 0.00% | 0.00% | 0.00% | 3.09% | 0.00% | 6.68% | 0.16% |
Frequently Asked Questions
QBTL.TO and HDGE.TO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QBTL.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QBTL.TO is cheaper with a 0.55% expense ratio, compared with 3.95% for HDGE.TO.
QBTL.TO is categorized as Equity Market Neutral, while HDGE.TO is Long-Short. They also come from different issuers: AGF and Accelerate Financial Technologies Inc.. Their fees differ too: 0.55% for QBTL.TO and 3.95% for HDGE.TO.
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