Btal
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | Long-Short | 80% |
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 20% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Btal, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every 3 months.
The earliest data available for this chart is Sep 13, 2011, corresponding to the inception date of BTAL
Returns By Period
As of Apr 23, 2025, the Btal returned 1.11% Year-To-Date and 11.11% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -8.60% | -6.79% | -7.27% | 6.02% | 13.70% | 9.79% |
| Btal | -37.68% | -25.97% | -31.37% | -7.59% | 22.41% | 22.20% |
| Portfolio components: | ||||||
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 11.47% | 5.64% | 7.02% | 12.38% | -2.11% | 1.68% |
TQQQ ProShares UltraPro QQQ | -39.10% | -27.13% | -32.65% | -8.45% | 25.26% | 26.26% |
Monthly Returns
The table below presents the monthly returns of Btal, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.36% | -8.98% | -22.36% | -15.50% | -37.68% | ||||||||
| 2024 | 4.00% | 14.03% | 2.25% | -13.66% | 17.85% | 17.91% | -7.31% | 0.61% | 5.69% | -4.02% | 14.37% | -0.57% | 56.50% |
| 2023 | 27.60% | -3.14% | 26.08% | 0.17% | 20.77% | 16.90% | 9.74% | -5.83% | -14.74% | -7.12% | 31.18% | 14.76% | 171.51% |
| 2022 | -24.91% | -14.79% | 10.59% | -35.61% | -8.86% | -25.08% | 34.51% | -15.62% | -28.00% | 7.73% | 11.15% | -23.44% | -76.69% |
| 2021 | -0.39% | -1.83% | 2.17% | 17.17% | -4.61% | 18.78% | 8.16% | 12.23% | -16.25% | 23.76% | 5.28% | 1.79% | 78.83% |
| 2020 | 7.93% | -15.89% | -32.27% | 36.52% | 16.18% | 15.38% | 20.21% | 31.61% | -17.69% | -9.72% | 30.46% | 14.14% | 96.96% |
| 2019 | 20.27% | 6.95% | 9.71% | 13.99% | -20.07% | 18.46% | 5.57% | -5.54% | 1.22% | 10.49% | 10.19% | 9.71% | 105.34% |
| 2018 | 22.74% | -5.37% | -11.13% | -0.38% | 14.28% | 2.43% | 6.42% | 15.54% | -1.36% | -22.91% | -2.49% | -21.82% | -14.20% |
| 2017 | 10.45% | 9.93% | 4.78% | 6.46% | 9.75% | -7.13% | 9.76% | 4.11% | -1.64% | 11.29% | 4.39% | 1.10% | 82.26% |
| 2016 | -10.98% | -3.65% | 11.17% | -7.17% | 7.91% | -1.97% | 11.21% | 1.22% | 3.38% | -2.70% | -2.19% | 2.25% | 6.04% |
| 2015 | -3.22% | 11.61% | -4.99% | 1.95% | 4.12% | -5.72% | 10.74% | -13.87% | -3.63% | 20.25% | 0.68% | -2.93% | 10.95% |
| 2014 | -3.82% | 7.64% | -3.51% | -0.01% | 6.86% | 4.58% | 2.82% | 8.03% | -1.20% | 4.36% | 9.90% | -3.93% | 35.00% |
Expense Ratio
Btal has a high expense ratio of 1.88%, indicating above-average management fees. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 79, Btal is among the top 21% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 0.55 | 0.97 | 1.11 | 0.42 | 1.77 |
TQQQ ProShares UltraPro QQQ | -0.02 | 0.49 | 1.07 | -0.03 | -0.08 |
Dividends
Dividend yield
Btal provided a 2.92% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.92% | 3.05% | 5.17% | 0.92% | 0.00% | 0.00% | 0.72% | 0.33% | 0.00% | 0.00% | 0.00% | 0.01% |
| Portfolio components: | ||||||||||||
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.13% | 3.49% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 2.05% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Btal. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Btal was 79.28%, occurring on Dec 28, 2022. Recovery took 486 trading sessions.
The current Btal drawdown is 4.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -79.28% | Nov 22, 2021 | 277 | Dec 28, 2022 | 486 | Dec 4, 2024 | 763 |
| -63.31% | Feb 20, 2020 | 23 | Mar 23, 2020 | 76 | Jul 10, 2020 | 99 |
| -56.28% | Dec 17, 2024 | 76 | Apr 8, 2025 | — | — | — |
| -50.33% | Aug 30, 2018 | 80 | Dec 24, 2018 | 216 | Nov 1, 2019 | 296 |
| -33.26% | Sep 3, 2020 | 14 | Sep 23, 2020 | 66 | Dec 28, 2020 | 80 |
Volatility
Volatility Chart
The current Btal volatility is 44.98%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 2 assets, with an effective number of assets of 1.47, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| BTAL | TQQQ | |
|---|---|---|
| BTAL | 1.00 | -0.46 |
| TQQQ | -0.46 | 1.00 |