BTAL vs. AVUV
BTAL (AGF U.S. Market Neutral Anti-Beta Fund) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - BTAL is a Equity Market Neutral fund actively managed by AGF, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. Both are actively managed. Over the past 5 years, BTAL returned -4.51%/yr vs 13.90%/yr for AVUV. Their -0.63 correlation means they have often moved in opposite directions in the past. BTAL charges 1.40%/yr vs 0.25%/yr for AVUV.
Performance
BTAL vs. AVUV - Performance Comparison
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Returns By Period
In the year-to-date period, BTAL achieves a -16.19% return, which is significantly lower than AVUV's 25.35% return.
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%
AVUV
- 1D
- 1.40%
- 1M
- 2.86%
- 6M
- 15.44%
- YTD
- 25.35%
- 1Y
- 42.62%
- 3Y*
- 17.00%
- 5Y*
- 13.90%
- 10Y*
- —
- ALL TIME*
- 16.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $147.82M | $147.76M | $156.17M | |
| $11.44M | $8.83M | $8.21M |
BTAL vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -16.19% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | -5.19% |
AVUV Avantis US Small Cap Value ETF | 25.35% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.54% |
Correlation
The correlation between BTAL and AVUV is -0.53, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.53 |
Correlation (3Y) Balances recent behavior with more history. | -0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | -0.63 |
The correlation between BTAL and AVUV shifts across timeframes, from -0.63 (all time) to -0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BTAL vs. AVUV — Risk / Return Rank
BTAL
AVUV
BTAL vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGF U.S. Market Neutral Anti-Beta Fund (BTAL) and Avantis US Small Cap Value ETF (AVUV). 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.
| BTAL | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.68 | ||
| Sortino ratioReturn per unit of downside risk | -5.30 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.45 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 5.39 | -6.16 |
| Martin ratioReturn relative to average drawdown | -1.39 | 17.01 | -18.40 |
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Drawdowns
BTAL vs. AVUV - Drawdown Comparison
The maximum BTAL drawdown since its inception was -52.70%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for BTAL and AVUV.
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Drawdown Indicators
| BTAL | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.70% | -49.42% | -3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -34.57% | -7.95% | -26.62% |
Max Drawdown (3Y)Largest decline over 3 years | -47.83% | -28.79% | -19.04% |
Max Drawdown (5Y)Largest decline over 5 years | -47.83% | -28.79% | -19.04% |
Max Drawdown (10Y)Largest decline over 10 years | -52.70% | — | — |
Current DrawdownCurrent decline from peak | -47.76% | 0.00% | -47.76% |
Average DrawdownAverage peak-to-trough decline | -22.25% | -7.78% | -14.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.17% | 2.51% | +16.66% |
Volatility
BTAL vs. AVUV - Volatility Comparison
AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a higher volatility of 7.90% compared to Avantis US Small Cap Value ETF (AVUV) at 3.08%. This indicates that BTAL's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTAL | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.90% | 3.08% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 17.92% | 10.58% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 16.77% | +7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.41% | 22.41% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.48% | 28.02% | -10.54% |
BTAL vs. AVUV - Expense Ratio Comparison
BTAL has a 1.40% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Dividends
BTAL vs. AVUV - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 2.97%, more than AVUV's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.23% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% |
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% |
Frequently Asked Questions
BTAL and AVUV have a correlation of -0.53, 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 AVUV (3.08%). In terms of maximum drawdown, BTAL dropped -52.70% vs AVUV's -49.42%.
On 5-year performance, AVUV leads with 13.90% vs -4.51% for BTAL. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 3.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVUV has performed better with a 13.90% return vs -4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVUV is cheaper with a 0.25% expense ratio, compared with 1.40% for BTAL.
BTAL has the higher dividend yield at 2.97%, compared with 1.23% for AVUV.
BTAL is categorized as Equity Market Neutral, while AVUV is Small Cap Value Equities. They also come from different issuers: AGF and Avantis. Their fees differ too: 1.40% for BTAL and 0.25% for AVUV.
AVUV currently has the higher Sharpe Ratio (2.56 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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