A side-by-side comparison of Accelerate OneChoice Alternative Multi-Asset Fund (ONEC) and Picton Mahoney Fortified Alpha Alternative Fund ETF (PFAA) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | ONEC | PFAA |
|---|---|---|
| YTD Return | +5.16%✓ | -0.08% |
| 1-Day Change | +1.69%✓ | +0.08% |
| 1-Week Change | +0.19% | +0.49%✓ |
| 1-Month Change | -0.11% | +1.41%✓ |
| Current Price | $26.47 | $12.26 |
| AUM | $27M | $348M✓ |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 1.51% | 1.77%✓ |
| Distribution Frequency | Quarterly | Monthly |
| Inception Date | 2021-01-25 | 2022-05-09 |
| Holdings Count | 10 | 6 |
| MorningStar Rating | — | — |
| Category | Alternative Multi - Strategy | Alternative Multi - Strategy |
| Beta | 0.00 | 0.00 |
| 52-Week High | $26.87 | $12.27 |
| 52-Week Low | $23.23 | $11.73 |
| 50-Day MA | $26.26 | $12.16 |
| 200-Day MA | $25.61 | $12.23 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | ONEC | PFAA |
|---|---|---|
| YTD | +5.16%✓ | -0.08% |
| 1 Year | +13.43%✓ | +4.03% |
| 3 Year | +11.44%✓ | +7.80% |
| 5 Year | +7.30% | — |
| 10 Year | — | — |
| 1Y Volatility | 6.54% | 1.93% |
| Sharpe Ratio (3Y) | 1.40 | 2.03 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | INCM-B | Accelerate Diversified Credit Income ETF CAD Hedged | 10.34% |
| 2 | ATSX | Accelerate Canadian Long Short Equity Fund | 10.25% |
| 3 | CGR | iShares Global Real Estate Common Class | 10.21% |
| 4 | RPAR | RPAR Risk Parity ETF | 10.04% |
| 5 | HDGE | Accelerate Absolute Return Hedge Fund | 9.96% |
| 6 | SRLN | SPDR Blackstone Senior Loan ETF | 9.90% |
| 7 | GLD | SPDR® Gold Shares | 9.87% |
| 8 | ARB | Accelerate Arbitrage Fund | 9.71% |
| 9 | TINF | TD Active Global Infrastructure Equity ETF | 4.99% |
| 10 | DBMF | iMGP DBi Managed Futures Strategy ETF | 4.95% |
| 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% |
Sector Weights
| Sector | ONEC | PFAA |
|---|---|---|
| Basic Materials | 7.96% | 10.20% |
| Communication Services | 2.39% | 4.69% |
| Consumer Cyclicals | 6.59% | 7.65% |
| Consumer Defensive | 4.68% | 2.92% |
| Energy | 13.13% | 7.59% |
| Financial Services | 28.63% | 28.09% |
| Healthcare | 3.65% | 5.63% |
| Industrials | 7.53% | 10.74% |
| Real Estate | 15.16% | 4.09% |
| Technology | 4.42% | 14.42% |
| Utilities | 5.87% | 3.97% |
About ONEC
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About PFAA
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Which ETF is Right for You?
Both ONEC and PFAA 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 ONEC and PFAA?
ONEC (Accelerate OneChoice Alternative Multi-Asset Fund) and PFAA (Picton Mahoney Fortified Alpha Alternative Fund ETF) are both Canadian-listed ETFs. Key differences include their AUM ($27M vs $348M), dividend yield (1.51% vs 1.77%), and year-to-date performance (+5.16% vs -0.08%).
Is ONEC better than PFAA?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, ONEC has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy ONEC and PFAA on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both ONEC and PFAA should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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