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AGF U.S. Market Neutral Anti-Beta Fund (BTAL) Alternatives

ETF · Currency in USD · Last updated Aug 2, 2026

AGF U.S. Market Neutral Anti-Beta Fund (BTAL) is an actively managed market-neutral ETF seeking consistent negative beta exposure to the U.S. equity market. The strategy generally takes long positions in low-beta U.S. equities and short positions in high-beta U.S. equities on a dollar-neutral basis within sectors.

AGF U.S. Market Neutral Anti-Beta Fund (BTAL) belongs to the Equity Market Neutral category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BTAL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to BTAL

BTAL charges 1.40% annually. There are 3 ETFs in the Equity Market Neutral category with lower expense ratios, going as low as 0.90%.

SymbolNameExpense RatioAUMInception
RNMN
RiverNorth Market Neutral ETF0.90%7.15MJul 2022BTAL vs RNMN
NTRL
First Trust Equity Market Neutral ETF0.95%16.26MFeb 2020BTAL vs NTRL
AINT
FINQ Dollar Neutral U.S. Large Cap AI-Managed Equi...1.25%6.60MFeb 2026BTAL vs AINT
MKTN
Federated Hermes MDT Market Neutral ETF1.94%106.80MSep 2025BTAL vs MKTN

Lowest Volatility Alternatives to BTAL

BTAL has 23.85% 1-year volatility. There are 3 ETFs in the Equity Market Neutral category with lower 1-year volatility, going as low as 1.86%.

SymbolNameVolatility 1YAUMInception
RNMN
RiverNorth Market Neutral ETF1.86%7.15MJul 2022BTAL vs RNMN
MKTN
Federated Hermes MDT Market Neutral ETF6.65%106.80MSep 2025BTAL vs MKTN
NTRL
First Trust Equity Market Neutral ETF13.83%16.26MFeb 2020BTAL vs NTRL
AINT
FINQ Dollar Neutral U.S. Large Cap AI-Managed Equi...32.77%6.60MFeb 2026BTAL vs AINT

Often Compared With BTAL

Investors most often compare BTAL with SPY, TAIL, KMLM. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SPY
State Street SPDR S&P 500 ETFS&P 500
67
10.13%
789.06BJan 1993BTAL vs SPY
TAIL
Cambria Tail Risk ETFEquity Hedged, Options Trading
1
-8.13%
146.94MApr 2017BTAL vs TAIL
KMLM
KFA Mount Lucas Index Strategy ETFSystematic Trend
61
12.95%
419.76MDec 2020BTAL vs KMLM
CCOR
Core Alternative ETFLarge Cap Growth Equities
9
0.43%
39.10MMay 2017BTAL vs CCOR
VOO
Vanguard S&P 500 ETFS&P 500
68
10.16%
1.70TSep 2010BTAL vs VOO
EUO
ProShares UltraShort EuroLeveraged Currency
16
6.49%
34.76MNov 2008BTAL vs EUO
CPB
Campbell Soup Company
13
-17.15%
——BTAL vs CPB
EUAD
Select STOXX Europe Aerospace & Defense ETFAerospace & Defense
18
6.69%
980.32MOct 2024BTAL vs EUAD
AVUV
Avantis US Small Cap Value ETFSmall Cap Value Equities
91
23.62%
30.19BSep 2019BTAL vs AVUV
MRSK
Agility Shares Managed Risk ETFEquity Hedged
57
5.79%
320.77MJun 2020BTAL vs MRSK
TOLZ
ProShares DJ Brookfield Global Infrastructure ETFInfrastructure Equities, Industrials Equities
71
12.26%
176.36MMar 2014BTAL vs TOLZ
SCHK
Schwab 1000 Index ETFLarge Cap Blend Equities
65
10.36%
5.72BOct 2017BTAL vs SCHK
BUFD
FT Vest Laddered Deep Buffer ETFDefined Outcome
89
5.83%
1.97BJan 2021BTAL vs BUFD
DWSH
AdvisorShares Dorsey Wright Short ETFInverse Equities
3
-9.98%
6.46MJul 2018BTAL vs DWSH
FLSP
Franklin Liberty Systematic Style Premia ETFLong-Short
88
5.20%
1.04BDec 2019BTAL vs FLSP
HICOX
Colorado Bond Shares A Tax Exempt FundMunicipal Bonds
97
2.11%
—Jun 1987BTAL vs HICOX
AKR
Acadia Realty Trust
77
11.61%
——BTAL vs AKR
MPAIX
Morgan Stanley Institutional Fund, Inc. Advantage ...Large Cap Growth Equities
2
-6.30%
—Jun 2008BTAL vs MPAIX
BHMG.L
BH Macro Limited
58
4.51%
——BTAL vs BHMG.L
MPAA
Motorcar Parts of America, Inc.
61
8.59%
——BTAL vs MPAA

Compare BTAL with Any Fund or Stock

Compare BTAL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair BTAL with funds that move differently

AGF U.S. Market Neutral Anti-Beta Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BTAL.

Explore BTAL Diversifiers