BTAL
Only high beta and small market cap - never know winners plus losers
Low beta - healthcare, consumer staples, gold, dow jones industrial average, aerospace and defense
Asset Allocation
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 3, 2025, the BTAL returned -4.47% Year-To-Date and 23.22% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -8.25% | -6.60% | -5.32% | 3.55% | 16.80% | 10.02% |
| BTAL | -12.05% | -11.07% | -5.02% | 3.51% | 26.16% | 22.09% |
| Portfolio components: | ||||||
XLV Health Care Select Sector SPDR Fund | 5.30% | -2.25% | -3.96% | 1.80% | 12.50% | 8.98% |
XLU Utilities Select Sector SPDR Fund | 5.67% | 2.49% | -0.97% | 25.73% | 12.43% | 9.34% |
VNQ Vanguard Real Estate ETF | -0.17% | -4.64% | -6.05% | 9.06% | 10.58% | 4.39% |
PPA Invesco Aerospace & Defense ETF | 3.61% | 4.65% | 3.54% | 19.21% | 21.17% | 13.53% |
IAK iShares U.S. Insurance ETF | 10.11% | 4.01% | 8.99% | 21.12% | 27.08% | 12.96% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 10.01% | 1.04% | 5.46% | 14.97% | -2.91% | 1.30% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 1.04% | 0.34% | 2.17% | 4.89% | 2.48% | 1.72% |
UUP Invesco DB US Dollar Index Bullish Fund | -3.30% | -1.39% | 4.29% | 5.03% | 3.19% | 2.59% |
GLD SPDR Gold Trust | 18.29% | 6.45% | 16.67% | 34.63% | 13.46% | 9.41% |
QQQ Invesco QQQ | -11.72% | -8.92% | -6.13% | 2.56% | 20.53% | 16.52% |
XLK Technology Select Sector SPDR Fund | -15.89% | -10.49% | -12.08% | -5.21% | 21.50% | 18.15% |
SPY SPDR S&P 500 ETF | -8.15% | -6.68% | -4.88% | 4.64% | 18.45% | 11.89% |
SPHB Invesco S&P 500® High Beta ETF | -9.40% | -3.06% | -8.66% | -6.10% | 25.19% | 10.21% |
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 | -0.12% | 0.79% | -4.93% | -8.11% | -12.05% | ||||||||
| 2024 | 10.70% | 5.02% | 2.42% | -0.14% | 5.11% | 11.04% | -6.03% | 0.65% | 0.61% | 2.47% | 2.12% | 3.82% | 43.47% |
| 2023 | 10.71% | -0.98% | 12.47% | 0.75% | 5.55% | 3.49% | 0.58% | 2.20% | -2.21% | 2.31% | 7.86% | -2.10% | 47.35% |
| 2022 | -2.40% | -8.22% | 3.35% | -6.26% | 0.35% | -4.77% | 9.14% | -7.55% | -10.06% | 8.31% | 7.58% | -8.90% | -20.11% |
| 2021 | 0.25% | -2.25% | 0.90% | 4.54% | 1.28% | 6.06% | 2.05% | 3.23% | -4.55% | 8.46% | 5.22% | 3.29% | 31.60% |
| 2020 | 5.50% | -6.23% | -2.92% | 19.73% | 10.51% | 6.90% | 10.20% | 9.38% | -7.32% | -6.70% | 2.91% | 7.46% | 56.57% |
| 2019 | 6.69% | 3.92% | 5.21% | 7.32% | -8.42% | 8.95% | 5.10% | 3.52% | -1.79% | 4.11% | 3.85% | 3.92% | 49.95% |
| 2018 | 7.99% | -1.44% | -2.80% | -0.57% | 7.08% | 1.59% | 0.93% | 6.20% | -0.11% | -6.19% | -3.07% | -4.40% | 4.16% |
| 2017 | 2.82% | 3.57% | 4.08% | 1.97% | 4.91% | -5.70% | 3.20% | 0.54% | -0.42% | 5.99% | 1.40% | 5.28% | 30.72% |
| 2016 | 1.20% | 1.36% | 4.67% | -1.87% | 1.50% | 4.24% | 2.08% | 2.15% | 1.11% | 1.38% | -2.49% | 2.00% | 18.49% |
| 2015 | -1.38% | 5.08% | -4.29% | 0.79% | 0.64% | -4.69% | 2.69% | -2.94% | -0.93% | 9.25% | -0.20% | -3.91% | -0.80% |
| 2014 | -7.13% | 4.85% | 1.59% | 1.37% | 3.23% | 3.00% | 3.16% | 1.82% | 0.26% | -1.80% | 6.54% | 0.53% | 18.10% |
Expense Ratio
BTAL has a high expense ratio of 2.25%, 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
The current rank of BTAL is 31, indicating average performance compared to other portfolios on our website. Here’s 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 | |
|---|---|---|---|---|---|
XLV Health Care Select Sector SPDR Fund | 0.14 | 0.28 | 1.03 | 0.13 | 0.32 |
XLU Utilities Select Sector SPDR Fund | 1.62 | 2.22 | 1.28 | 1.68 | 6.66 |
VNQ Vanguard Real Estate ETF | 0.56 | 0.83 | 1.11 | 0.35 | 1.90 |
PPA Invesco Aerospace & Defense ETF | 1.21 | 1.75 | 1.22 | 2.31 | 5.30 |
IAK iShares U.S. Insurance ETF | 1.28 | 1.83 | 1.23 | 1.87 | 5.33 |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 0.84 | 1.36 | 1.15 | 0.55 | 2.42 |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 20.65 | 252.22 | 146.62 | 446.68 | 4,100.31 |
UUP Invesco DB US Dollar Index Bullish Fund | 0.70 | 1.01 | 1.12 | 0.85 | 2.12 |
GLD SPDR Gold Trust | 2.32 | 3.02 | 1.39 | 4.41 | 11.94 |
QQQ Invesco QQQ | 0.14 | 0.31 | 1.04 | 0.17 | 0.53 |
XLK Technology Select Sector SPDR Fund | -0.20 | -0.10 | 0.99 | -0.26 | -0.78 |
SPY SPDR S&P 500 ETF | 0.32 | 0.51 | 1.07 | 0.39 | 1.52 |
SPHB Invesco S&P 500® High Beta ETF | -0.25 | -0.18 | 0.98 | -0.32 | -0.89 |
Dividends
Dividend yield
BTAL provided a -3.16% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | -3.16% | -3.40% | -0.01% | -0.68% | -0.09% | -0.20% | -1.31% | -1.03% | -0.53% | 0.26% | 0.94% | 0.92% |
| Portfolio components: | ||||||||||||
XLV Health Care Select Sector SPDR Fund | 1.62% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% |
XLU Utilities Select Sector SPDR Fund | 2.87% | 2.96% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.42% | 3.67% | 3.19% |
VNQ Vanguard Real Estate ETF | 4.13% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% |
PPA Invesco Aerospace & Defense ETF | 0.53% | 0.61% | 0.67% | 0.83% | 0.59% | 0.88% | 0.95% | 0.90% | 0.67% | 1.70% | 1.41% | 0.62% |
IAK iShares U.S. Insurance ETF | 1.63% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% | 1.57% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.17% | 3.49% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.78% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 4.63% | 4.48% | 6.45% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% | 0.00% | 0.00% | 0.00% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.66% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
XLK Technology Select Sector SPDR Fund | 0.80% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
SPY SPDR S&P 500 ETF | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
SPHB Invesco S&P 500® High Beta ETF | 0.74% | 0.80% | 0.73% | 0.72% | 0.91% | 1.90% | 1.26% | 1.96% | 1.34% | 0.93% | 1.69% | 0.98% |
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 26.02%, occurring on Sep 30, 2022. Recovery took 158 trading sessions.
The current BTAL drawdown is 9.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.02% | Dec 28, 2021 | 192 | Sep 30, 2022 | 158 | May 18, 2023 | 350 |
| -22.82% | Feb 20, 2020 | 23 | Mar 23, 2020 | 26 | Apr 29, 2020 | 49 |
| -20.07% | Oct 2, 2018 | 58 | Dec 24, 2018 | 58 | Mar 20, 2019 | 116 |
| -18.9% | Sep 2, 2020 | 49 | Nov 10, 2020 | 153 | Jun 22, 2021 | 202 |
| -17.73% | Jul 11, 2024 | 18 | Aug 5, 2024 | 90 | Dec 11, 2024 | 108 |
Volatility
Volatility Chart
The current BTAL volatility is 10.24%, 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
| BIL | GLD | UUP | XLU | BTAL | VNQ | IAK | XLV | PPA | XLK | QQQ | SPHB | SPY | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BIL | 1.00 | 0.02 | 0.01 | 0.02 | 0.03 | -0.02 | -0.01 | -0.03 | 0.00 | 0.01 | -0.00 | -0.00 | 0.00 |
| GLD | 0.02 | 1.00 | -0.46 | 0.14 | 0.01 | 0.12 | -0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 |
| UUP | 0.01 | -0.46 | 1.00 | -0.14 | 0.12 | -0.20 | -0.10 | -0.13 | -0.13 | -0.14 | -0.15 | -0.18 | -0.18 |
| XLU | 0.02 | 0.14 | -0.14 | 1.00 | -0.03 | 0.61 | 0.37 | 0.42 | 0.38 | 0.28 | 0.28 | 0.27 | 0.42 |
| BTAL | 0.03 | 0.01 | 0.12 | -0.03 | 1.00 | -0.24 | -0.38 | -0.29 | -0.45 | -0.44 | -0.46 | -0.68 | -0.50 |
| VNQ | -0.02 | 0.12 | -0.20 | 0.61 | -0.24 | 1.00 | 0.50 | 0.53 | 0.54 | 0.48 | 0.49 | 0.53 | 0.62 |
| IAK | -0.01 | -0.04 | -0.10 | 0.37 | -0.38 | 0.50 | 1.00 | 0.57 | 0.71 | 0.49 | 0.49 | 0.69 | 0.69 |
| XLV | -0.03 | 0.03 | -0.13 | 0.42 | -0.29 | 0.53 | 0.57 | 1.00 | 0.59 | 0.59 | 0.64 | 0.58 | 0.75 |
| PPA | 0.00 | 0.04 | -0.13 | 0.38 | -0.45 | 0.54 | 0.71 | 0.59 | 1.00 | 0.62 | 0.62 | 0.76 | 0.77 |
| XLK | 0.01 | 0.04 | -0.14 | 0.28 | -0.44 | 0.48 | 0.49 | 0.59 | 0.62 | 1.00 | 0.96 | 0.74 | 0.89 |
| QQQ | -0.00 | 0.04 | -0.15 | 0.28 | -0.46 | 0.49 | 0.49 | 0.64 | 0.62 | 0.96 | 1.00 | 0.75 | 0.90 |
| SPHB | -0.00 | 0.04 | -0.18 | 0.27 | -0.68 | 0.53 | 0.69 | 0.58 | 0.76 | 0.74 | 0.75 | 1.00 | 0.87 |
| SPY | 0.00 | 0.05 | -0.18 | 0.42 | -0.50 | 0.62 | 0.69 | 0.75 | 0.77 | 0.89 | 0.90 | 0.87 | 1.00 |