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XYLD vs. PFLS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XYLD vs. PFLS.TO

Last updated Jun 14, 2026

XYLD (Global X S&P 500 Covered Call ETF) and PFLS.TO (Picton Mahoney Fortified Long Short Alternative Fund) are both exchange-traded funds - XYLD is a Derivative Income fund tracking the Cboe S&P 500 BuyWrite Index, while PFLS.TO is a fund fund. Over the past 5 years, XYLD returned 7.61%/yr vs 7.71%/yr for PFLS.TO. At a 0.36 correlation, their price movements are largely independent.

Performance

XYLD vs. PFLS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Covered Call ETF (XYLD) and Picton Mahoney Fortified Long Short Alternative Fund (PFLS.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XYLD is traded in USD, while PFLS.TO is traded in CAD. To make them comparable, the PFLS.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XYLD achieves a 4.83% return, which is significantly lower than PFLS.TO's 5.31% return.

XYLD

1D
0.57%
1M
1.40%
YTD
4.83%
6M
6.01%
1Y
17.00%
3Y*
11.00%
5Y*
7.61%
10Y*
8.35%

PFLS.TO

1D
0.21%
1M
0.52%
YTD
5.31%
6M
7.00%
1Y
15.09%
3Y*
12.97%
5Y*
7.71%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XYLD vs. PFLS.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XYLD
Global X S&P 500 Covered Call ETF		4.83%8.02%19.49%11.10%-12.05%19.59%9.01%
PFLS.TO
Picton Mahoney Fortified Long Short Alternative Fund		5.31%19.13%9.91%9.28%-5.51%18.57%20.95%

Correlation

The correlation between XYLD and PFLS.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Aug 6, 2020

0.36

The correlation between XYLD and PFLS.TO shifts across timeframes, from 0.36 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X S&P 500 Covered Call ETF

Picton Mahoney Fortified Long Short Alternative Fund

Often compared with XYLD:
XYLD vs. JEPIXYLD vs. QYLDXYLD vs. SPYXYLD vs. RYLDXYLD vs. XYLGXYLD vs. VOOXYLD vs. SCHD
Often compared with PFLS.TO:
PFLS.TO vs. PFAE.TOPFLS.TO vs. PFMN.TOPFLS.TO vs. ULTYPFLS.TO vs. HDGE.TOPFLS.TO vs. LSGRPFLS.TO vs. TTP.TOPFLS.TO vs. SPY

Return for Risk

XYLD vs. PFLS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XYLD
XYLD Risk / Return Rank: 8585
Overall Rank
XYLD Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
XYLD Sortino Ratio Rank: 8888
Sortino Ratio Rank
XYLD Omega Ratio Rank: 9393
Omega Ratio Rank
XYLD Calmar Ratio Rank: 7272
Calmar Ratio Rank
XYLD Martin Ratio Rank: 8888
Martin Ratio Rank
PFLS.TO
PFLS.TO Risk / Return Rank: 6868
Overall Rank
PFLS.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
PFLS.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
PFLS.TO Omega Ratio Rank: 7171
Omega Ratio Rank
PFLS.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
PFLS.TO Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XYLD vs. PFLS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Covered Call ETF (XYLD) and Picton Mahoney Fortified Long Short Alternative Fund (PFLS.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.

XYLDPFLS.TODifference
Sharpe ratioReturn per unit of total volatility
2.46
1.53

+0.93

Sortino ratioReturn per unit of downside risk
3.49
2.24

+1.26

Omega ratioGain probability vs. loss probability

1.57

1.28

+0.28

Calmar ratioReturn relative to maximum drawdown

3.16

2.10

+1.06

Martin ratioReturn relative to average drawdown

16.57

7.81

+8.76

XYLD vs. PFLS.TO - Sharpe Ratio Comparison

The current XYLD Sharpe Ratio is 2.46, which is higher than the PFLS.TO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of XYLD and PFLS.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XYLD vs. PFLS.TO - Drawdown Comparison

The maximum XYLD drawdown since its inception was -33.46%, which is greater than PFLS.TO's maximum drawdown of -18.02%. Use the drawdown chart below to compare losses from any high point for XYLD and PFLS.TO.

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Drawdown Indicators

XYLDPFLS.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.46%

-18.02%

-15.44%

Max Drawdown (1Y)

Largest decline over 1 year

-5.29%

-7.39%

+2.10%

Max Drawdown (3Y)

Largest decline over 3 years

-15.53%

-10.82%

-4.71%

Max Drawdown (5Y)

Largest decline over 5 years

-18.66%

-18.02%

-0.64%

Max Drawdown (10Y)

Largest decline over 10 years

-33.46%

—

—

Current Drawdown

Current decline from peak

-0.29%

-0.16%

-0.13%

Average Drawdown

Average peak-to-trough decline

-3.71%

-4.71%

+1.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.01%

1.98%

-0.97%

Volatility

XYLD vs. PFLS.TO - Volatility Comparison

The current volatility for Global X S&P 500 Covered Call ETF (XYLD) is 2.17%, while Picton Mahoney Fortified Long Short Alternative Fund (PFLS.TO) has a volatility of 2.58%. This indicates that XYLD experiences smaller price fluctuations and is considered to be less risky than PFLS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XYLDPFLS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.17%

2.58%

-0.41%

Volatility (6M)

Calculated over the trailing 6-month period

5.71%

7.99%

-2.28%

Volatility (1Y)

Calculated over the trailing 1-year period

6.79%

10.13%

-3.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.25%

14.95%

-3.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.22%

15.16%

-0.94%

Dividends

XYLD vs. PFLS.TO - Dividend Comparison

XYLD's dividend yield for the trailing twelve months is around 10.53%, while PFLS.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
XYLD
Global X S&P 500 Covered Call ETF		10.53%10.51%11.54%10.51%13.43%9.07%7.93%5.76%7.12%5.18%3.23%4.65%

Frequently Asked Questions

XYLD and PFLS.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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