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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AGFiQ US Market Neutral Anti-Beta Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has returned -2.99% so far this year and -31.33% over the past 12 months. Over the last ten years, BTAL has returned -3.16% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
AGFiQ US Market Neutral Anti-Beta Fund
- 1D
- -2.72%
- 1M
- -0.85%
- YTD
- -2.99%
- 6M
- -10.10%
- 1Y
- -31.33%
- 3Y*
- -8.29%
- 5Y*
- -1.50%
- 10Y*
- -3.16%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Sep 13, 2011, BTAL's average daily return is -0.01%, while the average monthly return is -0.15%.
Historically, 45% of months were positive and 55% were negative. The best month was Jan 2016 with a return of +9.5%, while the worst month was Nov 2020 at -15.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BTAL closed higher 44% of trading days. The best single day was Jun 11, 2020 with a return of +6.6%, while the worst single day was Nov 9, 2020 at -8.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.18% | -0.98% | -0.85% | -2.99% | |||||||||
| 2025 | -1.89% | 7.67% | 6.76% | -2.78% | -4.99% | -8.05% | -6.95% | -0.61% | -2.75% | -7.91% | 1.50% | -0.86% | -20.17% |
| 2024 | 8.26% | -1.09% | -0.74% | 5.58% | 1.31% | 1.82% | -1.27% | 4.18% | -2.87% | 1.22% | -4.94% | 1.41% | 12.83% |
| 2023 | -6.36% | -0.55% | 3.29% | 2.70% | -5.44% | -5.30% | -4.90% | 5.38% | 5.64% | 6.19% | -4.84% | -10.28% | -15.11% |
| 2022 | 5.23% | -4.49% | 2.63% | 8.51% | 1.76% | 7.56% | -8.40% | -0.85% | 2.78% | 1.92% | -0.29% | 3.69% | 20.48% |
| 2021 | 1.42% | -11.01% | -0.53% | -1.30% | -1.87% | 1.99% | 1.83% | -0.81% | -0.35% | -1.41% | 1.91% | 3.92% | -6.81% |
Benchmark Metrics
AGFiQ US Market Neutral Anti-Beta Fund has an annualized alpha of 4.93%, beta of -0.47, and R² of 0.24 versus S&P 500 Index. Calculated based on daily prices since September 14, 2011.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -100.43%), but participation in market rallies was also limited (-36.82%) — a profile typical of counter-cyclical assets.
- Beta of -0.47 may look defensive, but with R² of 0.24 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.24 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.93%
- Beta
- -0.47
- R²
- 0.24
- Upside Capture
- -36.82%
- Downside Capture
- -100.43%
Expense Ratio
BTAL has a high expense ratio of 2.11%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BTAL ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and compare them to a chosen benchmark (S&P 500 Index).
| BTAL | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.40 | 0.90 | -2.29 |
Sortino ratioReturn per unit of downside risk | -2.13 | 1.39 | -3.51 |
Omega ratioGain probability vs. loss probability | 0.77 | 1.21 | -0.44 |
Calmar ratioReturn relative to maximum drawdown | -0.88 | 1.40 | -2.28 |
Martin ratioReturn relative to average drawdown | -1.20 | 6.61 | -7.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore BTAL risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
AGFiQ US Market Neutral Anti-Beta Fund provided a 2.56% dividend yield over the last twelve months, with an annual payout of $0.36 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $0.64 | $1.04 | $0.21 | $0.00 | $0.00 | $0.20 | $0.09 |
Dividend yield | 2.56% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% |
Monthly Dividends
The table displays the monthly dividend distributions for AGFiQ US Market Neutral Anti-Beta Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.64 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 | $1.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2021 | $0.00 | $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 AGFiQ US Market Neutral Anti-Beta Fund. 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 AGFiQ US Market Neutral Anti-Beta Fund was 41.01%, occurring on Feb 25, 2026. The portfolio has not yet recovered.
The current AGFiQ US Market Neutral Anti-Beta Fund drawdown is 39.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.01% | Mar 13, 2020 | 1496 | Feb 25, 2026 | — | — | — |
| -29.52% | Oct 4, 2011 | 1580 | Jan 12, 2018 | 540 | Mar 9, 2020 | 2120 |
| -2.13% | Sep 27, 2011 | 1 | Sep 27, 2011 | 2 | Sep 29, 2011 | 3 |
| -1.62% | Sep 14, 2011 | 2 | Sep 15, 2011 | 3 | Sep 20, 2011 | 5 |
| -1.46% | Mar 10, 2020 | 1 | Mar 10, 2020 | 2 | Mar 12, 2020 | 3 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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