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BTAL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


BTAL 100%GLD 25%UUP 25%SPY 100%SPHB 40%QQQ 30%XLK 30%AlternativesAlternativesBondBondCommodityCommodityCurrencyCurrencyEquityEquityReal EstateReal Estate
PositionCategory/SectorTarget Weight
BIL
SPDR Barclays 1-3 Month T-Bill ETF
Government Bonds
-150%
BTAL
AGFiQ US Market Neutral Anti-Beta Fund
Long-Short
100%
GLD
SPDR Gold Trust
Precious Metals, Gold
25%
IAK
iShares U.S. Insurance ETF
Financials Equities
-10%
PPA
Invesco Aerospace & Defense ETF
Industrials Equities, Aerospace & Defense
-15%
QQQ
Invesco QQQ
Large Cap Blend Equities
30%
SPHB
Invesco S&P 500® High Beta ETF
Large Cap Blend Equities
40%
SPY
SPDR S&P 500 ETF
Large Cap Growth Equities
100%
UUP
Invesco DB US Dollar Index Bullish Fund
Currency
25%
VNQ
Vanguard Real Estate ETF
REIT
-25%
XLK
Technology Select Sector SPDR Fund
Technology Equities
30%
XLU
Utilities Select Sector SPDR Fund
Utilities Equities
-25%
XLV
Health Care Select Sector SPDR Fund
Health & Biotech Equities
-25%

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.


400.00%600.00%800.00%1,000.00%1,200.00%NovemberDecember2025FebruaryMarch
1,139.34%
378.47%
BTAL
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Sep 13, 2011, corresponding to the inception date of BTAL

Returns By Period

As of Apr 1, 2025, the BTAL returned -4.11% Year-To-Date and 23.28% of annualized return in the last 10 years.


YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500
-4.59%-5.75%-2.61%6.80%17.91%10.53%
BTAL-4.11%-4.74%4.75%13.19%28.47%23.28%
XLV
Health Care Select Sector SPDR Fund
6.55%-1.58%-3.90%1.29%12.58%9.13%
XLU
Utilities Select Sector SPDR Fund
4.91%0.24%-1.67%24.54%11.47%9.42%
VNQ
Vanguard Real Estate ETF
2.68%-2.59%-4.58%10.89%10.90%4.80%
PPA
Invesco Aerospace & Defense ETF
1.63%-0.10%0.85%16.51%20.32%13.44%
IAK
iShares U.S. Insurance ETF
9.58%1.87%7.74%19.99%26.42%12.95%
BTAL
AGFiQ US Market Neutral Anti-Beta Fund
12.77%6.76%8.05%18.44%-2.23%1.55%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
1.00%0.33%2.16%4.87%2.47%1.72%
UUP
Invesco DB US Dollar Index Bullish Fund
-2.99%-2.89%5.40%4.73%3.37%2.55%
GLD
SPDR Gold Trust
19.00%9.45%17.32%38.65%13.73%9.62%
QQQ
Invesco QQQ
-8.14%-7.59%-2.26%6.03%21.18%17.09%
XLK
Technology Select Sector SPDR Fund
-11.04%-8.29%-5.94%-0.45%22.53%18.94%
SPY
SPDR S&P 500 ETF
-4.27%-5.57%-1.00%8.49%19.13%12.44%
SPHB
Invesco S&P 500® High Beta ETF
-11.56%-9.75%-10.64%-9.60%24.16%10.08%
*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-0.12%0.79%-4.11%
202410.70%5.02%2.42%-0.14%5.11%11.04%-6.03%0.65%0.61%2.47%2.12%3.82%43.47%
202310.71%-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%
20210.25%-2.25%0.91%4.54%1.28%6.06%2.05%3.23%-4.55%8.46%5.22%3.29%31.60%
20205.50%-6.23%-2.92%19.73%10.51%6.90%10.20%9.38%-7.32%-6.70%2.91%7.46%56.57%
20196.69%3.92%5.21%7.32%-8.42%8.95%5.10%3.52%-1.79%4.11%3.85%3.92%49.95%
20187.99%-1.44%-2.80%-0.57%7.08%1.59%0.93%6.20%-0.11%-6.19%-3.07%-4.40%4.16%
20172.82%3.57%4.08%1.97%4.91%-5.70%3.20%0.54%-0.42%5.99%1.40%5.28%30.72%
20161.20%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 higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


Expense ratio chart for BTAL: current value at 2.11% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%2.11%
Expense ratio chart for UUP: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for PPA: current value at 0.61% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.61%
Expense ratio chart for IAK: current value at 0.43% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.43%
Expense ratio chart for GLD: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%
Expense ratio chart for SPHB: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%
Expense ratio chart for BIL: current value at 0.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.14%
Expense ratio chart for XLU: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%
Expense ratio chart for XLK: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%
Expense ratio chart for XLV: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%
Expense ratio chart for VNQ: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BTAL is 48, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BTAL is 4848
Overall Rank
The Sharpe Ratio Rank of BTAL is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of BTAL is 5252
Sortino Ratio Rank
The Omega Ratio Rank of BTAL is 5353
Omega Ratio Rank
The Calmar Ratio Rank of BTAL is 4747
Calmar Ratio Rank
The Martin Ratio Rank of BTAL is 3737
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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
The chart of Sharpe ratio for BTAL, currently valued at 0.64, compared to the broader market-6.00-4.00-2.000.002.000.640.50
The chart of Sortino ratio for BTAL, currently valued at 0.99, compared to the broader market-6.00-4.00-2.000.002.004.000.990.75
The chart of Omega ratio for BTAL, currently valued at 1.13, compared to the broader market0.400.600.801.001.201.401.601.131.10
The chart of Calmar ratio for BTAL, currently valued at 0.84, compared to the broader market0.002.004.006.000.840.68
The chart of Martin ratio for BTAL, currently valued at 2.21, compared to the broader market0.005.0010.0015.0020.0025.002.212.26
BTAL
^GSPC

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
XLV
Health Care Select Sector SPDR Fund
0.040.131.020.030.08
XLU
Utilities Select Sector SPDR Fund
1.582.181.271.646.53
VNQ
Vanguard Real Estate ETF
0.610.901.110.382.00
PPA
Invesco Aerospace & Defense ETF
0.941.401.171.794.15
IAK
iShares U.S. Insurance ETF
1.211.731.221.764.92
BTAL
AGFiQ US Market Neutral Anti-Beta Fund
1.101.731.190.723.15
BIL
SPDR Barclays 1-3 Month T-Bill ETF
20.71253.12147.14446.944,115.28
UUP
Invesco DB US Dollar Index Bullish Fund
0.841.201.151.012.60
GLD
SPDR Gold Trust
2.703.441.455.1613.97
QQQ
Invesco QQQ
0.310.531.070.451.21
XLK
Technology Select Sector SPDR Fund
-0.020.141.02-0.02-0.06
SPY
SPDR S&P 500 ETF
0.600.881.110.832.76
SPHB
Invesco S&P 500® High Beta ETF
-0.42-0.430.95-0.56-1.56

The current BTAL Sharpe ratio is 0.64. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 0.36 to 0.98, this portfolio's current Sharpe ratio lies between the 25th and 75th percentiles. This indicates that the its risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

Use the chart below to compare the Sharpe ratio of BTAL with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarch
0.64
0.50
BTAL
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

BTAL provided a -2.73% dividend yield over the last twelve months.


TTM20242023202220212020201920182017201620152014
Portfolio-2.73%-3.40%-0.01%-0.68%-0.09%-0.20%-1.31%-1.03%-0.53%0.26%0.94%0.92%
XLV
Health Care Select Sector SPDR Fund
1.60%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
2.89%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
4.01%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
0.54%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
3.10%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
4.41%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
4.61%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
0.64%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
0.76%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
1.28%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
0.76%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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarch
-8.82%
-8.66%
BTAL
Benchmark (^GSPC)
Portfolio components

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 8.82%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-26.02%Dec 28, 2021192Sep 30, 2022158May 18, 2023350
-22.82%Feb 20, 202023Mar 23, 202026Apr 29, 202049
-20.07%Oct 2, 201858Dec 24, 201858Mar 20, 2019116
-18.9%Sep 2, 202049Nov 10, 2020153Jun 22, 2021202
-17.73%Jul 11, 202418Aug 5, 202490Dec 11, 2024108

Volatility

Volatility Chart

The current BTAL volatility is 7.00%, 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%NovemberDecember2025FebruaryMarch
7.00%
5.97%
BTAL
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

BILGLDUUPXLUBTALVNQIAKXLVPPAXLKQQQSPHBSPY
BIL1.000.020.020.010.03-0.02-0.01-0.03-0.000.01-0.01-0.00-0.00
GLD0.021.00-0.460.140.010.12-0.040.030.040.040.040.040.05
UUP0.02-0.461.00-0.140.12-0.20-0.10-0.13-0.13-0.14-0.15-0.17-0.18
XLU0.010.14-0.141.00-0.030.610.370.430.380.280.280.270.42
BTAL0.030.010.12-0.031.00-0.24-0.38-0.29-0.45-0.44-0.46-0.68-0.50
VNQ-0.020.12-0.200.61-0.241.000.500.530.540.480.480.530.62
IAK-0.01-0.04-0.100.37-0.380.501.000.570.710.490.490.690.69
XLV-0.030.03-0.130.43-0.290.530.571.000.590.590.640.580.75
PPA-0.000.04-0.130.38-0.450.540.710.591.000.620.620.760.77
XLK0.010.04-0.140.28-0.440.480.490.590.621.000.960.740.89
QQQ-0.010.04-0.150.28-0.460.480.490.640.620.961.000.750.90
SPHB-0.000.04-0.170.27-0.680.530.690.580.760.740.751.000.87
SPY-0.000.05-0.180.42-0.500.620.690.750.770.890.900.871.00
The correlation results are calculated based on daily price changes starting from Sep 14, 2011
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The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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