A side-by-side comparison of Picton Mahoney Fortified Alpha Alternative Fund ETF (PFAA) and Accelerate OneChoice Alternative Multi-Asset Fund (ONEC) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | PFAA | ONEC |
|---|---|---|
| YTD Return | -0.81% | +5.60%✓ |
| 1-Day Change | -0.33% | +0.45%✓ |
| 1-Week Change | -0.16% | -0.11%✓ |
| 1-Month Change | -0.49% | +0.91%✓ |
| Current Price | $12.17 | $26.58 |
| AUM | $362M✓ | $28M |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 2.27%✓ | 1.53% |
| Distribution Frequency | Monthly | Quarterly |
| Inception Date | 2022-05-09 | 2021-01-25 |
| Holdings Count | 6 | 10 |
| MorningStar Rating | — | — |
| Category | Alternative Multi - Strategy | Alternative Multi - Strategy |
| Beta | 0.00 | 0.00 |
| 52-Week High | $12.26 | $26.76 |
| 52-Week Low | $11.72 | $23.73 |
| 50-Day MA | $12.23 | $26.44 |
| 200-Day MA | $12.23 | $26.10 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | PFAA | ONEC |
|---|---|---|
| YTD | -0.81% | +5.60%✓ |
| 1 Year | +2.64% | +12.47%✓ |
| 3 Year | +7.32% | +11.72%✓ |
| 5 Year | — | +6.09% |
| 10 Year | — | — |
| 1Y Volatility | 2.37% | 6.70% |
| Sharpe Ratio (3Y) | 1.90 | 1.33 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | XIC | iShares Core S&P/TSX Capped Composite | 9.33% |
| 2 | IVV | iShares Core S&P 500 ETF | 9.27% |
| 3 | XIU | iShares S&P/TSX 60 | 5.68% |
| 4 | RY | Royal Bank of Canada | 2.37% |
| 5 | MTUM | iShares MSCI USA Momentum Factor ETF | 1.72% |
| 6 | SHOP | Shopify Inc | 1.57% |
| 1 | ATSX | Accelerate Canadian Long Short Equity Fund | 10.33% |
| 2 | CGR | iShares Global Real Estate Common Class | 10.32% |
| 3 | SRLN | SPDR Blackstone Senior Loan ETF | 10.11% |
| 4 | ARB | Accelerate Arbitrage Fund | 9.97% |
| 5 | INCM-B | Accelerate Diversified Credit Income ETF CAD Hedged | 9.91% |
| 6 | HDGE | Accelerate Absolute Return Hedge Fund | 9.88% |
| 7 | GLD | SPDR® Gold Shares | 9.75% |
| 8 | RPAR | RPAR Risk Parity ETF | 9.67% |
| 9 | ZGI | BMO Global Infrastructure Index ETF | 5.05% |
| 10 | DBMF | iMGP DBi Managed Futures Strategy ETF | 5.04% |
Sector Weights
| Sector | PFAA | ONEC |
|---|---|---|
| Basic Materials | 11.53% | 8.89% |
| Communication Services | 4.53% | 2.27% |
| Consumer Cyclicals | 7.90% | 6.33% |
| Consumer Defensive | 3.40% | 2.71% |
| Energy | 9.40% | 10.45% |
| Financial Services | 26.77% | 29.31% |
| Healthcare | 5.07% | 3.24% |
| Industrials | 10.72% | 9.74% |
| Real Estate | 3.84% | 15.48% |
| Technology | 12.67% | 5.22% |
| Utilities | 4.15% | 6.36% |
About PFAA
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About ONEC
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Which ETF is Right for You?
Both PFAA and ONEC are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, PFAA scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between PFAA and ONEC?
PFAA (Picton Mahoney Fortified Alpha Alternative Fund ETF) and ONEC (Accelerate OneChoice Alternative Multi-Asset Fund) are both Canadian-listed ETFs. Key differences include their AUM ($362M vs $28M), dividend yield (2.27% vs 1.53%), and year-to-date performance (-0.81% vs +5.60%).
Is PFAA better than ONEC?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy PFAA and ONEC on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both PFAA and ONEC should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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