BHMG.L vs. BTAL
Compare and contrast key facts about BH Macro Limited (BHMG.L) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL).
BTAL is a passively managed fund by AGF that tracks the performance of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index. It was launched on Sep 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHMG.L or BTAL.
Key characteristics
| BHMG.L | BTAL | |
|---|---|---|
| YTD Return | 0.54% | 19.53% |
| 1Y Return | 0.00% | 11.98% |
| 3Y Return (Ann) | 1.30% | 8.15% |
| 5Y Return (Ann) | 6.12% | -0.76% |
| 10Y Return (Ann) | 6.27% | 1.44% |
| Sharpe Ratio | 0.08 | 0.74 |
| Daily Std Dev | 16.67% | 16.71% |
| Max Drawdown | -35.94% | -38.36% |
| Current Drawdown | -27.93% | -17.29% |
Correlation
The correlation between BHMG.L and BTAL is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BHMG.L vs. BTAL - Performance Comparison
In the year-to-date period, BHMG.L achieves a 0.54% return, which is significantly lower than BTAL's 19.53% return. Over the past 10 years, BHMG.L has outperformed BTAL with an annualized return of 6.27%, while BTAL has yielded a comparatively lower 1.44% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BHMG.L vs. BTAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BH Macro Limited (BHMG.L) 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.
Dividends
BHMG.L vs. BTAL - Dividend Comparison
BHMG.L has not paid dividends to shareholders, while BTAL's dividend yield for the trailing twelve months is around 5.14%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BHMG.L BH Macro Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 5.14% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% |
Drawdowns
BHMG.L vs. BTAL - Drawdown Comparison
The maximum BHMG.L drawdown since its inception was -35.94%, smaller than the maximum BTAL drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for BHMG.L and BTAL. For additional features, visit the drawdowns tool.
Volatility
BHMG.L vs. BTAL - Volatility Comparison
BH Macro Limited (BHMG.L) has a higher volatility of 5.65% compared to AGFiQ US Market Neutral Anti-Beta Fund (BTAL) at 4.07%. This indicates that BHMG.L'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.