- Issuer
- AGF
- Inception Date
- Oct 7, 2019
- Category
- Equity Market Neutral
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
Share Price Chart
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Performance
QBTL.TO Performance Chart
AGF US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL.TO) is down 19.5% since the beginning of the year. QBTL.TO is currently trading at CA$12 per share. Investors who bought CA$1,000 worth of QBTL.TO shares 5 years ago would now be looking at an investment worth CA$727.
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Returns By Period
AGF US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL.TO) has returned -19.48% so far this year and -31.52% over the past 12 months.
AGF US Market Neutral Anti-Beta CAD-Hedged ETF
- 1D
- 0.16%
- 1M
- 4.28%
- 6M
- -16.45%
- YTD
- -19.48%
- 1Y
- -31.52%
- 3Y*
- -11.05%
- 5Y*
- -6.18%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.31%
- 1M
- 0.87%
- 6M
- 10.62%
- YTD
- 13.50%
- 1Y
- 24.35%
- 3Y*
- 21.67%
- 5Y*
- 14.33%
- 10Y*
- 14.32%
QBTL.TO Monthly Returns History
Based on dividend-adjusted daily data since Oct 7, 2019, QBTL.TO's average daily return is -0.03%, while the average monthly return is -0.64%.
Historically, 44% of months were positive and 56% were negative. The best month was Mar 2020 with a return of +10.3%, while the worst month was Nov 2020 at -14.7%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 7 months.
On a daily basis, QBTL.TO closed higher 45% of trading days. The best single day was Jun 11, 2020 with a return of +6.8%, while the worst single day was Nov 9, 2020 at -9.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.86% | -0.87% | -1.28% | -10.55% | -7.76% | -3.30% | 4.01% | -19.48% | |||||
| 2025 | -2.12% | 8.07% | 6.15% | -2.90% | -5.59% | -7.57% | -7.54% | -0.29% | -3.83% | -6.98% | 1.12% | -1.50% | -21.84% |
| 2024 | 8.11% | -0.91% | -0.16% | 4.33% | 2.34% | 1.22% | -1.15% | 3.60% | -2.59% | 1.51% | -5.20% | 1.15% | 12.22% |
| 2023 | -6.85% | -0.84% | 3.50% | 3.02% | -6.01% | -5.39% | -5.31% | 5.96% | 5.01% | 7.00% | -4.86% | -10.10% | -15.56% |
| 2022 | 4.83% | -3.56% | 2.16% | 7.96% | 2.47% | 6.94% | -8.14% | -1.74% | 3.13% | 2.53% | -0.20% | 4.04% | 21.08% |
| 2021 | 0.79% | -10.66% | -0.94% | -0.94% | -1.43% | 1.15% | 1.49% | 0.06% | -0.53% | -2.19% | 1.33% | 3.88% | -8.37% |
Benchmark Metrics
AGF US Market Neutral Anti-Beta CAD-Hedged ETF has an annualized alpha of -1.93%, beta of -0.37, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since October 07, 2019.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -83.20%), but participation in market rallies was also limited (-47.09%) - a profile typical of counter-cyclical assets.
- Beta of -0.37 may look defensive, but with R2 of 0.15 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 0.15 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
- -1.93%
- Beta
- -0.37
- R²
- 0.15
- Upside Capture
- -47.09%
- Downside Capture
- -83.20%
Return for Risk
Risk / Return Rank
QBTL.TO 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 AGF US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL.TO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QBTL.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.24 | ||
| Sortino ratioReturn per unit of downside risk | -4.67 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.33 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.67 | -3.54 |
| Martin ratioReturn relative to average drawdown | -1.64 | 9.87 | -11.52 |
Dividends
Dividend History
AGF US Market Neutral Anti-Beta CAD-Hedged ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of CA$0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.63 | CA$0.00 | CA$1.27 | CA$0.04 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 3.09% | 0.00% | 6.68% | 0.16% |
Monthly Dividends
The table displays the monthly dividend distributions for AGF US Market Neutral Anti-Beta CAD-Hedged ETF. 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 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | |||||
| 2025 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 |
| 2024 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 |
| 2023 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 |
| 2022 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.63 | CA$0.63 |
| 2021 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$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 AGF US Market Neutral Anti-Beta CAD-Hedged ETF. 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 AGF US Market Neutral Anti-Beta CAD-Hedged ETF was 54.72%, occurring on Jun 22, 2026. The portfolio has not yet recovered.
The current AGF US Market Neutral Anti-Beta CAD-Hedged ETF drawdown is 51.54%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-54.72%Jun 2026 | 6y 3mo | — | 6y 4moMar 2020 - now | — |
-9.65%Dec 2019 | 2mo 15d | 2mo 11d | 4mo 26dOct 2019 - Mar 2020 | — |
-1.25%Mar 2020 | 0s | 1d | 1dMar 2020 - Mar 2020 | COVID crash2020 |
Drawdown Indicators
| QBTL.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.72% | -48.87% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -36.08% | -9.17% | -26.91% |
Max Drawdown (3Y)Largest decline over 3 years | -49.31% | -19.59% | -29.72% |
Max Drawdown (5Y)Largest decline over 5 years | -49.31% | -23.14% | -26.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.97% | — |
Current DrawdownCurrent decline from peak | -51.54% | -0.82% | -50.72% |
Average DrawdownAverage peak-to-trough decline | -25.15% | -9.63% | -15.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.19% | 2.47% | +16.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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