For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers

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Canadian income, preferred-share, convertible-bond, arbitrage, and AAA CLO sleeves measured against XBB.

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TickerWeightBetaNotes
EIT-UN.TO30%0.63Canoe EIT Income Fund, the equity-income core.
HPR.TO15%0.23Active preferred-share income, sized below the equity-income core.
CVD.TO10%0.12Canadian convertible bonds, income with lower duration than broad bonds.
PFAA.TO20%0Multi-strategy alternatives, a low-beta return diversifier.
ARB.TO10%0.09Merger arbitrage, a low-beta event-driven return source.
BAAA.TO15%0.02AAA CLO floating-rate income, with JAAA used for pre-listing chart history.

Weighted portfolio beta (approx.): 0.25

Estimated portfolio distribution yield: 4.90%, weighted as of August 28, 2026

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Total return (vs XBB.TO)

Range
+10.30%
Portfolio
-0.89%
XBB.TO (benchmark)
+11.18%
Excess α vs XBB.TO
-2.54%
Max drawdown
-2.97%
XBB.TO max DD
1.66
Sharpe
Excess return above the 4.5% risk-free rate divided by annualised volatility. Above 1.0 is good; above 2.0 is excellent. SPY typically scores around 0.5–0.8.
2.78
Sortino
Excess return above the 4.5% risk-free rate divided by annualised downside deviation (penalises losses only). Above 1.5 is good; above 3.0 is excellent.
Portfolio score: B

Alpha score: D

Max DD score: B+

Beta score: A+

Beta: 0.25

Net leverage:

Total: 100.0%

Gross longs: 30.0%

Gross shorts: 0.0%

Gross alpha & alts: 70.0%

Portfolio weights:

EIT-UN.TO: 30%

HPR.TO: 15%

CVD.TO: 10%

PFAA.TO: 20%

ARB.TO: 10%

BAAA.TO: 15%

PortfolioXBB.TO

Educational model only — not investment advice. Portfolio betas in the holdings table are weighted to the listed names and weights.

ARB.TO: methodology lists MRGRas Yahoo proxies for joint history before live listing when calendar overlap allows. In this chart's Yahoo range there was no separate pre-listing window to splice—line shows the fund's reported adjusted closes only.

BAAA.TO: methodology lists JAAAas Yahoo proxies for joint history before live listing when calendar overlap allows. In this chart's Yahoo range there was no separate pre-listing window to splice—line shows the fund's reported adjusted closes only.

PFAA.TO's inception date of 2022-05-10 is limiting the backtest.

Growthshared core
Fixed income
Alpha: long-duration bonds (HPR.TO, CVD.TO, BAAA.TO)Growth: Canadian equity (EIT-UN.TO*)
57.1%
Recession
Deflation
Premia/carry
Alpha: systematic premia / carry (PFAA.TO)Growth: Canadian equity (EIT-UN.TO*)
28.6%
Inflation
Sideways Chop
Arbitrage
Alpha: merger arbitrage (ARB.TO)Growth: Canadian equity (EIT-UN.TO*)
14.3%
Sideways Chop