AKR vs. BTAL
AKR (Acadia Realty Trust) is a stock, while BTAL (AGF U.S. Market Neutral Anti-Beta Fund) is Equity Market Neutral fund actively managed by AGF. Over the past 10 years, AKR returned -1.09%/yr vs -4.34%/yr for BTAL. Their -0.26 correlation means they have often moved in opposite directions in the past.
Performance
AKR vs. BTAL - Performance Comparison
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Returns By Period
In the year-to-date period, AKR achieves a 11.01% return, which is significantly higher than BTAL's -16.19% return. Over the past 10 years, AKR has outperformed BTAL with an annualized return of -1.09%, while BTAL has yielded a comparatively lower -4.34% annualized return.
AKR
- 1D
- -0.53%
- 1M
- 5.08%
- 6M
- 14.76%
- YTD
- 11.01%
- 1Y
- 25.70%
- 3Y*
- 16.15%
- 5Y*
- 5.91%
- 10Y*
- -1.09%
- ALL TIME*
- 5.69%
BTAL
- 1D
- -1.55%
- 1M
- 4.15%
- 6M
- -14.41%
- YTD
- -16.19%
- 1Y
- -26.63%
- 3Y*
- -9.91%
- 5Y*
- -4.51%
- 10Y*
- -4.34%
- ALL TIME*
- -3.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.54M | $28.26M | $31.56M | |
| $11.44M | $8.83M | $8.21M |
AKR vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AKR Acadia Realty Trust | 11.01% | -11.52% | 47.65% | 24.36% | -31.18% | 58.37% | -44.09% | 13.78% | -9.40% | -13.13% |
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -16.19% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -2.13% |
Correlation
The correlation between AKR and BTAL is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | -0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | -0.26 |
Over the past year, the inverse relationship between AKR and BTAL has weakened: their correlation has moved from -0.26 to -0.02, meaning they move in opposite directions less often than they have historically.
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Return for Risk
AKR vs. BTAL — Risk / Return Rank
AKR
BTAL
AKR vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Acadia Realty Trust (AKR) and AGF U.S. Market Neutral Anti-Beta Fund (BTAL). 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.
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.
| AKR | BTAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.83 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | -0.77 | +2.85 |
| Martin ratioReturn relative to average drawdown | 6.81 | -1.39 | +8.20 |
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Drawdowns
AKR vs. BTAL - Drawdown Comparison
The maximum AKR drawdown since its inception was -71.02%, which is greater than BTAL's maximum drawdown of -52.70%. Use the drawdown chart below to compare losses from any high point for AKR and BTAL.
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Drawdown Indicators
| AKR | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.02% | -52.70% | -18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -34.57% | +22.16% |
Max Drawdown (3Y)Largest decline over 3 years | -31.75% | -47.83% | +16.08% |
Max Drawdown (5Y)Largest decline over 5 years | -43.82% | -47.83% | +4.01% |
Max Drawdown (10Y)Largest decline over 10 years | -70.86% | -52.70% | -18.16% |
Current DrawdownCurrent decline from peak | -12.98% | -47.76% | +34.78% |
Average DrawdownAverage peak-to-trough decline | -24.33% | -22.25% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 19.17% | -15.38% |
Volatility
AKR vs. BTAL - Volatility Comparison
The current volatility for Acadia Realty Trust (AKR) is 5.77%, while AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a volatility of 7.90%. This indicates that AKR experiences smaller price fluctuations and is considered to be less risky than BTAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AKR | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 7.90% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 16.34% | 17.92% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.71% | 23.82% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.80% | 19.41% | +8.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.38% | 17.48% | +16.90% |
Dividends
AKR vs. BTAL - Dividend Comparison
AKR's dividend yield for the trailing twelve months is around 3.58%, more than BTAL's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AKR Acadia Realty Trust | 3.58% | 3.89% | 3.06% | 4.24% | 5.02% | 2.75% | 2.04% | 4.36% | 4.59% | 3.84% | 3.55% | 2.93% |
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 2.97% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AKR and BTAL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (7.90%) compared to AKR (5.77%). In terms of maximum drawdown, AKR dropped -71.02% vs BTAL's -52.70%.
AKR currently has the higher Sharpe Ratio (1.19 vs -1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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