AVGO vs. BTAL
AVGO (Broadcom Inc.) 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, AVGO returned 42.14%/yr vs -5.40%/yr for BTAL. At a correlation of -0.40, they often move in opposite directions.
Performance
AVGO vs. BTAL - Performance Comparison
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Returns By Period
In the year-to-date period, AVGO achieves a 19.10% return, which is significantly higher than BTAL's -23.84% return. Over the past 10 years, AVGO has outperformed BTAL with an annualized return of 42.14%, while BTAL has yielded a comparatively lower -5.40% annualized return.
AVGO
- 1D
- 4.70%
- 1M
- -0.67%
- YTD
- 19.10%
- 6M
- 21.34%
- 1Y
- 65.49%
- 3Y*
- 70.21%
- 5Y*
- 57.88%
- 10Y*
- 42.14%
BTAL
- 1D
- -2.92%
- 1M
- -10.46%
- YTD
- -23.84%
- 6M
- -22.94%
- 1Y
- -38.64%
- 3Y*
- -13.54%
- 5Y*
- -6.13%
- 10Y*
- -5.40%
AVGO vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 19.10% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -23.84% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -2.13% |
Correlation
The correlation between AVGO and BTAL is -0.61, 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 (1Y) Calculated over the trailing 1-year period | -0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.43 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | -0.40 |
Over the past year, the inverse relationship between AVGO and BTAL has strengthened: their correlation has moved from -0.40 to -0.61, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
AVGO vs. BTAL — Risk / Return Rank
AVGO
BTAL
AVGO vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) 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.
| AVGO | BTAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.12 | ||
| Sortino ratioReturn per unit of downside risk | +4.68 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.72 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | -1.00 | +3.28 |
| Martin ratioReturn relative to average drawdown | 5.21 | -1.84 | +7.05 |
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Drawdowns
AVGO vs. BTAL - Drawdown Comparison
The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum BTAL drawdown of -52.53%. Use the drawdown chart below to compare losses from any high point for AVGO and BTAL.
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Drawdown Indicators
| AVGO | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.30% | -52.53% | +4.23% |
Max Drawdown (1Y)Largest decline over 1 year | -28.67% | -38.64% | +9.97% |
Max Drawdown (3Y)Largest decline over 3 years | -41.15% | -47.64% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | -47.64% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -48.30% | -52.53% | +4.23% |
Current DrawdownCurrent decline from peak | -14.58% | -52.53% | +37.95% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -22.04% | +14.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.51% | 20.94% | -8.43% |
Volatility
AVGO vs. BTAL - Volatility Comparison
Broadcom Inc. (AVGO) has a higher volatility of 21.16% compared to AGF U.S. Market Neutral Anti-Beta Fund (BTAL) at 8.68%. This indicates that AVGO's price experiences larger fluctuations and is considered to be riskier 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
| AVGO | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.16% | 8.68% | +12.48% |
Volatility (6M)Calculated over the trailing 6-month period | 33.31% | 16.70% | +16.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.14% | 22.64% | +23.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.54% | 19.05% | +24.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.60% | 17.38% | +22.22% |
Dividends
AVGO vs. BTAL - Dividend Comparison
AVGO's dividend yield for the trailing twelve months is around 0.60%, less than BTAL's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.46% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 3.27% | 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
AVGO and BTAL have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGO has higher volatility (21.16%) compared to BTAL (8.68%). In terms of maximum drawdown, AVGO dropped -48.30% vs BTAL's -52.53%.
AVGO currently has the higher Sharpe Ratio (1.42 vs -1.70), 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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