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AGF U.S. Market Neutral Anti-Beta Fund

BTAL
$
Today’s Change
()

Snapshot
*

Inception Date
Sep 13, 2011
Expense Ratio
1.54%
Type
US Equities
Fund Owner
AGFiQ
Volume (1m avg. daily)
$5,886,981
AUM
$301,752,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

USD
94.47%
NVR
NVR Inc.
0.59%
AZO
Autozone Inc.
0.51%
NTNX
Nutanix Inc - Ordinary Shares - Class A
0.45%
RNR
RenaissanceRe Holdings Ltd
0.45%
CIEN
CIENA Corp.
0.44%
VST
Vistra Corp
0.44%
CF
CF Industries Holdings Inc
0.44%
RLI
RLI Corp.
0.43%
EG
Everest Group Ltd
0.43%

What is BTAL?

BTAL's objective is to provide a consistent negative beta exposure to the U.S. equity market. BTAL strives to achieve this objective by investing primarily in long positions in low beta U.S. equities and short positions in high beta U.S. equities on a dollar neutral basis, within sectors. The investment objective and Principal Investment Strategies of the AGFiQ U.S. Market Neutral Anti-Beta Fund were changed on February 14, 2022. It dopped Dow Jones U.S. Thematic Market Neutral Low Beta Index, to become actively managed.

1M
3M
6M
YTD
1Y
3Y
Max

BTAL
Performance Measures**

for the time period Sep 13, 2011 to Dec 4, 2025

Returns

1M Trailing Return: -4.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -9.8%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -38.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 16.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.09

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.07

The annualized return divided by the max drawdown for the selected time period.

ETFs related toBTAL

ETFs correlated to BTAL include SARK, WEBS, HIBS

BTAL
AGF Investments Trust - AGF U.S. Market Neutral Anti-Beta Fund
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
HDGE
Advisorshares Trust - Ranger Equity Bear -1x Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SOXS
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toBTAL

Modified Foreign Rat

Category

Tactical asset allocation, volatility regime, leveraged ETFs, mean reversion, trend following, emerging markets, hedged/cash, daily rebalance

OOS Cumulative Return

565.11%

5/6/24 OG BEST TQQQ v1.1 + VIXn' + BrianE's 4TLT l 3+1 group + Sideways Market Deleverage

Category

Leveraged ETFs, tech & semis focus, tactical timing, momentum + mean‑reversion, VIX hedging, trend following, bonds/cash defense

OOS Cumulative Return

510.68%

Create your own algorithmic trading strategy with BTAL using Composer

FAQ

BTAL is a US Equities ETF. BTAL's objective is to provide a consistent negative beta exposure to the U.S. equity market. BTAL strives to achieve this objective by investing primarily in long positions in low beta U.S. equities and short positions in high beta U.S. equities on a dollar neutral basis, within sectors. The investment objective and Principal Investment Strategies of the AGFiQ U.S. Market Neutral Anti-Beta Fund were changed on February 14, 2022. It dopped Dow Jones U.S. Thematic Market Neutral Low Beta Index, to become actively managed.

Yes, BTAL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BTAL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BTAL is 0.0308%. This is the percent change in the value of BTAL over the most recent 1-month period. The 3-month return on BTAL is 0.0409%. This is the percent change in the value of BTAL over the most recent 3-month period.

The standard deviation of BTAL for the past year is 0.1643%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BTAL include SPHQ, DSI, and QUAL.

ETFs correlated to BTAL include SARK, WEBS, and HIBS.

ETFs that are inversely correlated to BTAL include IPO, ARKK, and TARK.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.