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ATSX.TO - Accelerate Canadian Long Short Equity Fund

ATSX runs a quantitative 150/50 Canadian long/short sleeve vs. the S&P/TSX 60, with directional hedge-fund-style exposure in an ETF.

Alpha Efficiency:A+Alpha Efficiency grades how much return this ETF generates above the risk-free rate, independent of the equity market. SPY sets the B baseline. A higher grade means more return per unit of non-equity risk. ATSX runs a ~150% long / 50% short systematic book versus the S&P/TSX 60. On this site the listed beta and capital-efficiency line use a CAD-hedged S&P 500 proxy (XSP.TO) as the hurdle benchmark.

ATSX price history

Range
+44.66%
Total return (1Y)
ATSX.TO

Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.

Strategy

The fund runs about 150% long and 50% short versus S&P/TSX 60 names. Systematic signals pick leaders and laggards inside the benchmark, so factor tilts can cluster in banks, energy, and rails when the model chases the same macro environment.

Leverage magnifies both alpha and model error; verify current gross/net in ETF Facts because a 150/50 template still carries meaningful equity beta through the long sleeve. *Fee note: 0% management fee; performance fee is 50% of outperformance above the S&P/TSX 60 index.

Manager and Issuer Pedigree

Accelerate Financial Technologies is a Canadian liquid-alternatives shop that listed hedge-fund-style sleeves on the TSX early, mostly for advisors and independent dealers rather than bank-branch distribution. The lineup spans multi-alternative funds, quantitative long/short equity, merger arbitrage, and related strategies in daily-traded wrappers.

The firm sits outside the big-bank ETF complexes: alternatives-first, with trading liquidity and assets that vary by fund. Size positions using each sleeve’s real spreads and AUM, not just the strategy headline.

Outperformance

Outperforms when TSX60 dispersion is high: stock-specific earnings revisions matter more than WTI alone, and factor signals cleanly separate quality from junk inside the benchmark.

Underperforms when everything trades as one macro beta (commodity + rates shock) and short books pay borrow while longs re-rate down together, or when short squeezes hit names the model is short.

Similar ETFs

TickerNameScoreMERAUM
ATSXAccelerate Canadian Long Short Equity FundA+0.00% + perf fee~$42M CAD
PFAEPICTON Long Short Equity (130/30) Alternative Fund ETFA+0.95% + perf fee~$36M CAD

Official ETF page

Read the official ETF page for current NAV, holdings, and documents: Accelerate (ATSX).

Beta and MER may not be accurate.
Educational content only; not investment advice. Past performance does not guarantee future results.