BTAL vs. EUO
Compare and contrast key facts about AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and ProShares UltraShort Euro (EUO).
BTAL and EUO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EUO is a passively managed fund by ProShares that tracks the performance of the USD/EUR Exchange Rate (-200%). It was launched on Nov 25, 2008. Both BTAL and EUO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BTAL vs. EUO - Performance Comparison
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BTAL vs. EUO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | -2.99% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -2.13% |
EUO ProShares UltraShort Euro | 4.48% | -18.87% | 19.79% | -1.02% | 13.88% | 14.83% | -15.97% | 10.51% | 14.39% | -21.71% |
Returns By Period
In the year-to-date period, BTAL achieves a -2.99% return, which is significantly lower than EUO's 4.48% return. Over the past 10 years, BTAL has underperformed EUO with an annualized return of -3.16%, while EUO has yielded a comparatively higher 2.49% annualized return.
BTAL
- 1D
- -2.72%
- 1M
- -0.85%
- YTD
- -2.99%
- 6M
- -10.10%
- 1Y
- -31.33%
- 3Y*
- -8.29%
- 5Y*
- -1.50%
- 10Y*
- -3.16%
EUO
- 1D
- -1.82%
- 1M
- 4.67%
- YTD
- 4.48%
- 6M
- 5.68%
- 1Y
- -8.27%
- 3Y*
- 0.64%
- 5Y*
- 4.14%
- 10Y*
- 2.49%
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BTAL vs. EUO - Expense Ratio Comparison
BTAL has a 2.11% expense ratio, which is higher than EUO's 0.99% expense ratio.
Return for Risk
BTAL vs. EUO — Risk / Return Rank
BTAL
EUO
BTAL vs. EUO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and ProShares UltraShort Euro (EUO). 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.
| BTAL | EUO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.40 | -0.53 | -0.87 |
Sortino ratioReturn per unit of downside risk | -2.13 | -0.62 | -1.50 |
Omega ratioGain probability vs. loss probability | 0.77 | 0.92 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.50 | -0.38 |
Martin ratioReturn relative to average drawdown | -1.20 | -0.70 | -0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTAL | EUO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.40 | -0.53 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.27 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.17 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.05 | -0.22 |
Correlation
The correlation between BTAL and EUO is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BTAL vs. EUO - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 2.56%, while EUO has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 2.56% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% |
EUO ProShares UltraShort Euro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BTAL vs. EUO - Drawdown Comparison
The maximum BTAL drawdown since its inception was -41.01%, which is greater than EUO's maximum drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for BTAL and EUO.
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Drawdown Indicators
| BTAL | EUO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.01% | -38.58% | -2.43% |
Max Drawdown (1Y)Largest decline over 1 year | -34.94% | -16.43% | -18.51% |
Max Drawdown (5Y)Largest decline over 5 years | -34.94% | -25.28% | -9.66% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -29.61% | -11.40% |
Current DrawdownCurrent decline from peak | -39.53% | -18.48% | -21.05% |
Average DrawdownAverage peak-to-trough decline | -21.67% | -18.49% | -3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.64% | 11.66% | +13.98% |
Volatility
BTAL vs. EUO - Volatility Comparison
AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a higher volatility of 6.87% compared to ProShares UltraShort Euro (EUO) at 4.69%. This indicates that BTAL's price experiences larger fluctuations and is considered to be riskier than EUO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTAL | EUO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 4.69% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 8.59% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.51% | 15.64% | +6.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 15.62% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 14.97% | +2.07% |