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
| Position | Category/Sector | Target Weight |
|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | -100% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | Long-Short | 50% |
GLD SPDR Gold Trust | Precious Metals, Gold | 150% |
PPLT Aberdeen Standard Physical Platinum Shares ETF | Precious Metals | -100% |
SPY SPDR S&P 500 ETF | Large Cap Growth Equities | 100% |
Performance
Performance Chart
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The earliest data available for this chart is Sep 13, 2011, corresponding to the inception date of BTAL
Returns By Period
As of May 28, 2025, the BTAL returned 20.81% Year-To-Date and 28.09% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.12% | 6.51% | -1.84% | 10.98% | 14.10% | 10.82% |
| BTAL | 20.07% | -7.06% | 19.58% | 77.05% | 24.44% | 28.01% |
| Portfolio components: | ||||||
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.68% | -4.10% | 4.64% | 3.98% | -3.28% | 1.16% |
SPY SPDR S&P 500 ETF | 0.58% | 6.70% | -1.23% | 12.34% | 15.74% | 12.71% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 1.67% | 0.33% | 2.10% | 4.73% | 2.60% | 1.79% |
GLD SPDR Gold Trust | 25.47% | -1.70% | 24.77% | 39.24% | 13.27% | 10.29% |
PPLT Aberdeen Standard Physical Platinum Shares ETF | 19.11% | 9.23% | 16.19% | 1.69% | 4.58% | -0.84% |
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 | 3.47% | 8.87% | 6.32% | 8.69% | -7.76% | 20.07% | |||||||
| 2024 | 10.37% | 7.69% | 10.47% | -0.23% | -3.51% | 8.84% | 10.43% | 11.21% | 3.02% | 4.39% | 2.31% | -0.04% | 85.84% |
| 2023 | 17.33% | -5.32% | 11.65% | -4.34% | 3.37% | 9.86% | -1.16% | -3.63% | -2.62% | 8.70% | 9.63% | -4.20% | 42.69% |
| 2022 | -11.24% | 2.15% | 13.94% | -2.34% | -7.05% | 1.88% | 1.07% | -3.61% | -14.64% | -1.33% | 5.73% | -4.19% | -20.58% |
| 2021 | -4.84% | -23.56% | 4.58% | 9.46% | 12.29% | 0.49% | 9.44% | 5.28% | -4.82% | 3.42% | 7.34% | 7.92% | 23.44% |
| 2020 | 10.29% | 1.12% | 5.63% | 13.27% | 2.41% | 5.73% | 14.18% | 0.68% | -5.43% | 0.43% | -18.06% | 1.05% | 30.62% |
| 2019 | 6.76% | -4.06% | 3.64% | -2.49% | 10.60% | 10.75% | -1.33% | 6.29% | 0.36% | 0.47% | 1.20% | -0.15% | 35.47% |
| 2018 | 0.90% | -4.92% | 5.64% | 1.88% | 0.03% | 2.77% | 1.67% | 6.52% | -3.17% | -4.02% | 7.38% | 1.96% | 16.96% |
| 2017 | -1.77% | 6.07% | 8.75% | 4.33% | 2.88% | -1.81% | 3.53% | 0.68% | 3.71% | 0.96% | 0.53% | 6.33% | 39.36% |
| 2016 | 10.48% | 8.97% | -0.82% | -3.89% | 2.46% | 12.95% | -7.85% | 4.07% | 2.25% | -0.59% | -6.36% | 1.26% | 22.74% |
| 2015 | 8.91% | -2.46% | -1.28% | -1.17% | 4.78% | -1.86% | 3.78% | -2.09% | 6.75% | 1.48% | 6.42% | -6.99% | 16.11% |
| 2014 | 0.93% | 8.43% | -0.72% | 2.06% | -4.28% | 8.49% | -3.70% | 5.68% | -1.21% | 3.05% | 6.00% | 2.25% | 29.31% |
Expense Ratio
BTAL has a high expense ratio of 1.00%, 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 98, BTAL is among the top 2% 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 | 0.20 | 0.42 | 1.05 | 0.15 | 0.55 |
SPY SPDR S&P 500 ETF | 0.61 | 1.05 | 1.15 | 0.70 | 2.68 |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 20.92 | 244.30 | 139.79 | 431.01 | 3,968.50 |
GLD SPDR Gold Trust | 2.21 | 3.06 | 1.39 | 5.03 | 13.76 |
PPLT Aberdeen Standard Physical Platinum Shares ETF | 0.08 | 0.52 | 1.06 | 0.11 | 0.63 |
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Dividends
Dividend yield
BTAL provided a -1.78% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | -1.78% | -2.08% | -0.46% | 0.80% | 1.20% | 1.22% | 0.14% | 0.58% | 1.12% | 1.96% | 2.06% | 1.87% |
| Portfolio components: | ||||||||||||
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.37% | 3.49% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.68% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 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% |
PPLT Aberdeen Standard Physical Platinum Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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.
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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 44.87%, occurring on Mar 3, 2021. Recovery took 281 trading sessions.
The current BTAL drawdown is 10.57%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.87% | Sep 3, 2020 | 124 | Mar 3, 2021 | 281 | Apr 12, 2022 | 405 |
| -30.44% | Apr 25, 2022 | 125 | Oct 20, 2022 | 192 | Jul 28, 2023 | 317 |
| -23.01% | Sep 19, 2012 | 193 | Jun 27, 2013 | 321 | Oct 6, 2014 | 514 |
| -14.05% | Aug 28, 2019 | 12 | Sep 13, 2019 | 92 | Jan 27, 2020 | 104 |
| -12.5% | Jun 28, 2016 | 135 | Jan 9, 2017 | 49 | Mar 21, 2017 | 184 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 0.18, 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
| ^GSPC | BIL | GLD | BTAL | PPLT | SPY | Portfolio | |
|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | -0.01 | 0.04 | -0.51 | 0.25 | 1.00 | 0.25 |
| BIL | -0.01 | 1.00 | 0.02 | 0.03 | -0.01 | -0.01 | 0.01 |
| GLD | 0.04 | 0.02 | 1.00 | 0.02 | 0.60 | 0.04 | 0.38 |
| BTAL | -0.51 | 0.03 | 0.02 | 1.00 | -0.18 | -0.51 | 0.18 |
| PPLT | 0.25 | -0.01 | 0.60 | -0.18 | 1.00 | 0.25 | -0.27 |
| SPY | 1.00 | -0.01 | 0.04 | -0.51 | 0.25 | 1.00 | 0.25 |
| Portfolio | 0.25 | 0.01 | 0.38 | 0.18 | -0.27 | 0.25 | 1.00 |