ATTR vs. BTAL

Last updated Jun 4, 2026

ATTR (Arin Tactical Tail Risk ETF) and BTAL (AGFiQ US Market Neutral Anti-Beta Fund) are both Long-Short funds. ATTR is actively managed, while BTAL is passively managed. At a correlation of -0.62, they often move in opposite directions. ATTR charges 0.63%/yr vs 2.11%/yr for BTAL.

Performance

ATTR vs. BTAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arin Tactical Tail Risk ETF (ATTR) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATTR achieves a 4.25% return, which is significantly higher than BTAL's -19.67% return.

ATTR

• 1D: -0.12%
• 1M: 0.85%
• YTD: 4.25%
• 6M: 4.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTAL

• 1D: 0.70%
• 1M: -6.55%
• YTD: -19.67%
• 6M: -18.88%
• 1Y: -37.06%
• 3Y*: -12.64%
• 5Y*: -4.56%
• 10Y*: -4.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ATTR vs. BTAL - Yearly Performance Comparison

	2026 (YTD)	2025
ATTR Arin Tactical Tail Risk ETF	4.25%	0.58%
BTAL AGFiQ US Market Neutral Anti-Beta Fund	-19.67%	-0.32%

Correlation

The correlation between ATTR and BTAL is -0.62, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	-0.62

Return for Risk

ATTR vs. BTAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTAL

BTAL Risk / Return Rank: 0
BTAL Sharpe Ratio Rank: 0
BTAL Sortino Ratio Rank: 0
BTAL Omega Ratio Rank: 0
BTAL Calmar Ratio Rank: 0
BTAL Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ATTR vs. BTAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arin Tactical Tail Risk ETF (ATTR) and AGFiQ US 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ATTR	BTAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.72	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.24	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.81	-0.24	+3.05

Drawdowns

ATTR vs. BTAL - Drawdown Comparison

The maximum ATTR drawdown since its inception was -1.76%, smaller than the maximum BTAL drawdown of -50.28%. Use the drawdown chart below to compare losses from any high point for ATTR and BTAL.

Drawdown Indicators

	ATTR	BTAL	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-50.28%	+48.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-37.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-45.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.16%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.28%	—
Current Drawdown Current decline from peak	-0.19%	-49.93%	+49.74%
Average Drawdown Average peak-to-trough decline	-0.18%	-21.95%	+21.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.54%	—

Volatility

Volatility by Period

	ATTR	BTAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	21.59%	-18.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	18.75%	-15.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	17.23%	-14.26%

ATTR vs. BTAL - Expense Ratio Comparison

ATTR has a 0.63% expense ratio, which is lower than BTAL's 2.11% expense ratio.

Dividends

ATTR vs. BTAL - Dividend Comparison

ATTR has not paid dividends to shareholders, while BTAL's dividend yield for the trailing twelve months is around 3.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ATTR Arin Tactical Tail Risk ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BTAL AGFiQ US Market Neutral Anti-Beta Fund	3.10%	2.49%	3.49%	6.14%	1.01%	0.00%	0.00%	0.88%	0.39%

Frequently Asked Questions

Can I hold both ATTR and BTAL in my portfolio?

ATTR and BTAL have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ATTR or BTAL?

On fees, ATTR is cheaper at 0.63% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ATTR or BTAL?

ATTR is cheaper with a 0.63% expense ratio, compared with 2.11% for BTAL.

Which ETF pays a higher dividend yield, ATTR or BTAL?

BTAL has the higher dividend yield at 3.10%, compared with 0.00% for ATTR.

What is the main difference between ATTR and BTAL?

They also come from different issuers: Arin Risk Advisors and AGF. Their fees differ too: 0.63% for ATTR and 2.11% for BTAL.