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AGF U.S. Market Neutral Anti-Beta Fund (BTAL) Sharpe Ratio: -1.62

ETF · Currency in USD · Last updated Jun 24, 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.

BTAL's Sharpe Ratio of -1.62 indicates that for each unit of volatility, it generates -1.62 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

BTAL Sharpe Ratio Rank

BTAL Sharpe Ratio Rank: 0.00
Concerning

BTAL ranks above 0.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

BTAL Sharpe Ratio Market Positioning

The chart shows BTAL's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.84 or lower
  • Yellow zone (middle 50%): 0.84 to 2.15
  • Green zone (top 25%): 2.15 or higher
  • Top 1%: 7.01+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares AGF U.S. Market Neutral Anti-Beta Fund's Sharpe Ratio with other ETFs in the Equity Market Neutral, Long-Short category across multiple time periods, showing how BTAL's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CLSEConvergence Long/Short Equity ETF3.56
QAIIQ Hedge Multi-Strategy Tracker ETF2.31
HDGProShares Hedge Replication2.14
HTUSHull Tactical US ETF2.02
CSMProshares Large Cap Core Plus1.97
IDUBAptus International Enhanced Yield ETF1.94
LSEQHarbor Long-Short Equity ETF1.93
FTLSFirst Trust Long/Short Equity ETF1.80
ORRMilitia Long/Short Equity ETF1.76
RSEERareview Systematic Equity ETF1.74
BTALAGF U.S. Market Neutral Anti-Beta Fund-1.62

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows BTAL's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when BTAL consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does BTAL fit in your portfolio?

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