BTAL vs. BUFD
BTAL (AGF U.S. Market Neutral Anti-Beta Fund) and BUFD (FT Vest Laddered Deep Buffer ETF) are both exchange-traded funds - BTAL is a Equity Market Neutral fund actively managed by AGF, while BUFD is a Defined Outcome fund actively managed by FT Vest. Both are actively managed. Over the past 5 years, BTAL returned -5.19%/yr vs 7.32%/yr for BUFD. At a correlation of -0.58, they often move in opposite directions. BTAL charges 1.40%/yr vs 0.95%/yr for BUFD.
Performance
BTAL vs. BUFD - Performance Comparison
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Returns By Period
In the year-to-date period, BTAL achieves a -21.82% return, which is significantly lower than BUFD's 4.64% return.
BTAL
- 1D
- -0.09%
- 1M
- -7.79%
- YTD
- -21.82%
- 6M
- -20.63%
- 1Y
- -35.93%
- 3Y*
- -13.04%
- 5Y*
- -5.19%
- 10Y*
- -5.51%
BUFD
- 1D
- 0.08%
- 1M
- 0.00%
- YTD
- 4.64%
- 6M
- 4.12%
- 1Y
- 12.44%
- 3Y*
- 11.62%
- 5Y*
- 7.32%
- 10Y*
- —
BTAL vs. BUFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -21.82% | -20.17% | 12.83% | -15.11% | 20.48% | -4.20% |
BUFD FT Vest Laddered Deep Buffer ETF | 4.64% | 10.66% | 12.42% | 15.40% | -7.70% | 5.86% |
Correlation
The correlation between BTAL and BUFD is -0.68, 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 | -0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | -0.58 |
The correlation between BTAL and BUFD shifts across timeframes, from -0.68 (1 year) to -0.57 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BTAL vs. BUFD — Risk / Return Rank
BTAL
BUFD
BTAL vs. BUFD - 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 FT Vest Laddered Deep Buffer ETF (BUFD). 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 | BUFD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.98 | ||
| Sortino ratioReturn per unit of downside risk | -6.09 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.49 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 3.64 | -4.60 |
| Martin ratioReturn relative to average drawdown | -1.81 | 19.50 | -21.31 |
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Drawdowns
BTAL vs. BUFD - Drawdown Comparison
The maximum BTAL drawdown since its inception was -52.70%, which is greater than BUFD's maximum drawdown of -10.75%. Use the drawdown chart below to compare losses from any high point for BTAL and BUFD.
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Drawdown Indicators
| BTAL | BUFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.70% | -10.75% | -41.95% |
Max Drawdown (1Y)Largest decline over 1 year | -37.60% | -3.43% | -34.17% |
Max Drawdown (3Y)Largest decline over 3 years | -47.83% | -10.15% | -37.68% |
Max Drawdown (5Y)Largest decline over 5 years | -47.83% | -10.75% | -37.08% |
Max Drawdown (10Y)Largest decline over 10 years | -52.70% | — | — |
Current DrawdownCurrent decline from peak | -51.27% | -0.64% | -50.63% |
Average DrawdownAverage peak-to-trough decline | -22.06% | -1.95% | -20.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.14% | 0.64% | +19.50% |
Volatility
BTAL vs. BUFD - Volatility Comparison
AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a higher volatility of 9.29% compared to FT Vest Laddered Deep Buffer ETF (BUFD) at 1.67%. This indicates that BTAL's price experiences larger fluctuations and is considered to be riskier than BUFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTAL | BUFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 1.67% | +7.62% |
Volatility (6M)Calculated over the trailing 6-month period | 16.70% | 4.17% | +12.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.83% | 5.26% | +17.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 7.75% | +11.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 7.54% | +9.81% |
BTAL vs. BUFD - Expense Ratio Comparison
BTAL has a 1.40% expense ratio, which is higher than BUFD's 0.95% expense ratio.
Dividends
BTAL vs. BUFD - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 3.18%, while BUFD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 3.18% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% |
BUFD FT Vest Laddered Deep Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BTAL and BUFD have a correlation of -0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (9.29%) compared to BUFD (1.67%). In terms of maximum drawdown, BTAL dropped -52.70% vs BUFD's -10.75%.
On 5-year performance, BUFD leads with 7.32% vs -5.19% for BTAL. On fees, BUFD is cheaper at 0.95% per year. On volatility, BUFD has been the lower-risk option at 1.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BUFD has performed better with a 7.32% return vs -5.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BUFD is cheaper with a 0.95% expense ratio, compared with 1.40% for BTAL.
BTAL has the higher dividend yield at 3.18%, compared with 0.00% for BUFD.
BTAL is categorized as Equity Market Neutral, while BUFD is Defined Outcome. They also come from different issuers: AGF and FT Vest. Their fees differ too: 1.40% for BTAL and 0.95% for BUFD.
BUFD currently has the higher Sharpe Ratio (2.40 vs -1.58), 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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