Btal
Asset Allocation
| Position | Category/Sector | 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 Quarterly
The earliest data available for this chart is Sep 13, 2011, corresponding to the inception date of BTAL
Returns By Period
As of Sep 20, 2024, the Btal returned 20.06% Year-To-Date and 11.69% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 19.79% | 2.08% | 9.01% | 29.79% | 13.85% | 11.12% |
| Btal | 20.06% | -2.98% | 8.96% | 20.95% | 11.19% | 11.72% |
| Portfolio components: | ||||||
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 15.16% | -3.27% | 7.79% | 3.47% | -1.95% | 0.95% |
TQQQ ProShares UltraPro QQQ | 40.25% | -1.74% | 13.12% | 100.61% | 35.71% | 35.14% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 7.40% | 1.88% | -0.06% | 1.57% | 4.22% | 5.05% | -2.50% | 3.49% | 20.06% | ||||
| 2023 | 1.41% | -1.30% | 9.18% | 2.12% | 0.38% | 0.21% | -1.70% | 2.64% | 1.09% | 3.34% | 2.09% | -3.82% | 16.19% |
| 2022 | -0.85% | -6.07% | 3.47% | -0.28% | 0.39% | 3.16% | 0.72% | -5.05% | -5.10% | 3.16% | 2.27% | -2.90% | -7.45% |
| 2021 | 1.03% | -9.09% | 0.02% | 2.70% | -2.54% | 6.05% | 3.14% | 2.01% | -4.13% | 3.73% | 2.73% | 3.47% | 8.42% |
| 2020 | 6.19% | -3.30% | 0.87% | 6.45% | 5.97% | 2.57% | 6.58% | 4.37% | -6.07% | -4.56% | -5.47% | 2.64% | 15.95% |
| 2019 | 2.26% | 1.47% | 4.64% | 2.40% | -0.45% | 1.21% | 2.58% | 5.44% | -1.57% | 2.11% | 0.68% | 0.88% | 23.67% |
| 2018 | 2.76% | -1.38% | -0.15% | -0.19% | 3.23% | 3.54% | 0.93% | 4.58% | 0.04% | -0.83% | -0.63% | 0.04% | 12.37% |
| 2017 | 1.41% | 3.21% | 2.96% | 2.59% | 5.48% | -4.62% | 2.33% | 1.42% | -3.46% | 3.31% | 0.41% | 0.93% | 16.68% |
| 2016 | 3.54% | -1.04% | 1.03% | -4.41% | 2.54% | 5.14% | -0.06% | -0.95% | 0.09% | 0.30% | -7.10% | 1.75% | 0.22% |
| 2015 | 1.22% | -0.59% | -1.60% | -2.24% | 0.96% | -2.87% | 7.00% | -2.58% | 2.31% | 3.80% | -0.13% | 1.04% | 6.02% |
| 2014 | -1.92% | 2.11% | 0.41% | 1.46% | 2.20% | 0.78% | 2.61% | 1.04% | 0.50% | 1.92% | 4.84% | 0.61% | 17.72% |
| 2013 | -2.08% | 2.74% | 1.38% | 2.73% | -1.80% | -1.38% | 1.92% | -1.55% | 1.42% | 3.42% | 1.89% | -0.09% | 8.71% |
Expense Ratio
Btal has a high expense ratio of 1.88%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Btal is 41, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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 | 0.34 | 0.60 | 1.07 | 0.18 | 0.85 |
TQQQ ProShares UltraPro QQQ | 1.52 | 1.99 | 1.26 | 1.25 | 6.88 |
Dividends
Dividend yield
Btal granted a 4.47% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Btal | 4.47% | 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 | 5.33% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.02% | 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 25.62%, occurring on Mar 8, 2021. Recovery took 652 trading sessions.
The current Btal drawdown is 3.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.62% | Sep 3, 2020 | 127 | Mar 8, 2021 | 652 | Oct 9, 2023 | 779 |
| -11.04% | Jul 7, 2016 | 104 | Dec 1, 2016 | 84 | Apr 4, 2017 | 188 |
| -10.57% | Feb 20, 2020 | 23 | Mar 23, 2020 | 17 | Apr 16, 2020 | 40 |
| -9.24% | Oct 4, 2012 | 82 | Feb 4, 2013 | 197 | Nov 13, 2013 | 279 |
| -9.14% | Jun 1, 2020 | 6 | Jun 8, 2020 | 10 | Jun 22, 2020 | 16 |
Volatility
Volatility Chart
The current Btal volatility is 3.20%, 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
Asset Correlations Table
| BTAL | TQQQ | |
|---|---|---|
| BTAL | 1.00 | -0.45 |
| TQQQ | -0.45 | 1.00 |