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HDGE.TO - Accelerate Absolute Return Fund

HDGE.TO is a quantitative long/short equity fund. It ranks North American stocks systematically, goes long the top-ranked names, and shorts the bottom-ranked ones.

Alpha Efficiency:AAlpha 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. HDGE.TO is Accelerate’s quantitative long/short North American equity sleeve: ranked longs and shorts with material short exposure, scored like other long/short equity vehicles versus SPY net of costs.

HDGE / HDGE.U price history

Range
+5.36%
Total return (1Y)
HDGE.TO

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

Strategy

The model scores liquid North American stocks on proprietary factors and builds the book from that ranking. The long book gets the highest-scoring names; the short book gets the lowest-scoring ones. Returns depend on the model’s ability to separate future outperformers from underperformers, not on which way the index moves.

Accelerate typically runs the portfolio at roughly 110% gross long and 50% gross short, so ~60% net long. The long book earns when top-ranked names outperform; the short book earns when bottom-ranked names underperform. Both can contribute independently of broad market direction.

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 stock dispersion is high: strong winners and clear losers within sectors, factor rotations, periods where a company’s fundamentals matter more than the index direction. Both the long book and short book can contribute at the same time in those conditions.

Underperforms in a correlated broad selloff, where every stock moves together and the long/short spread collapses. Short squeezes are the other risk: when the most-shorted names rip regardless of fundamentals, the short book loses even when the thesis is right.

Similar ETFs

TickerNameScoreMERAUM
HDGEAccelerate Absolute Return FundA3.95%~$105M CAD
PFLSPicton Mahoney Fortified Long Short Alternative Fund ETFA0.95% + perf fee~$62M CAD
TGAFTralucent Global Alt (Long/Short) Equity Fund ETFA1.0%~$75M+ CAD

Official ETF page

Read the official ETF page for current NAV, holdings, and documents: HDGE.TO official page.

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