BTAL vs. HICOX
Compare and contrast key facts about AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Colorado Bond Shares A Tax Exempt Fund (HICOX).
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. HICOX is managed by Freedom Funds. It was launched on Jun 3, 1987.
Performance
BTAL vs. HICOX - Performance Comparison
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BTAL vs. HICOX - 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% |
HICOX Colorado Bond Shares A Tax Exempt Fund | 0.39% | 4.36% | 8.64% | 5.10% | -6.14% | 4.44% | 4.69% | 6.42% | 4.64% | 5.63% |
Returns By Period
In the year-to-date period, BTAL achieves a -2.99% return, which is significantly lower than HICOX's 0.39% return. Over the past 10 years, BTAL has underperformed HICOX with an annualized return of -3.16%, while HICOX has yielded a comparatively higher 4.00% 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%
HICOX
- 1D
- 0.00%
- 1M
- -1.10%
- YTD
- 0.39%
- 6M
- 2.33%
- 1Y
- 5.47%
- 3Y*
- 5.59%
- 5Y*
- 2.89%
- 10Y*
- 4.00%
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BTAL vs. HICOX - Expense Ratio Comparison
BTAL has a 2.11% expense ratio, which is higher than HICOX's 0.55% expense ratio.
Return for Risk
BTAL vs. HICOX — Risk / Return Rank
BTAL
HICOX
BTAL vs. HICOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Colorado Bond Shares A Tax Exempt Fund (HICOX). 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 | HICOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.40 | 1.30 | -2.70 |
Sortino ratioReturn per unit of downside risk | -2.13 | 1.67 | -3.80 |
Omega ratioGain probability vs. loss probability | 0.77 | 1.45 | -0.68 |
Calmar ratioReturn relative to maximum drawdown | -0.88 | 1.30 | -2.18 |
Martin ratioReturn relative to average drawdown | -1.20 | 6.29 | -7.49 |
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 | HICOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.40 | 1.30 | -2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.83 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 1.30 | -1.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 1.60 | -1.77 |
Correlation
The correlation between BTAL and HICOX is 0.01, 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. HICOX - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 2.56%, less than HICOX's 5.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
HICOX Colorado Bond Shares A Tax Exempt Fund | 5.19% | 3.98% | 6.34% | 2.53% | 2.85% | 3.60% | 3.64% | 4.11% | 4.54% | 4.56% | 5.49% | 4.32% |
Drawdowns
BTAL vs. HICOX - Drawdown Comparison
The maximum BTAL drawdown since its inception was -41.01%, which is greater than HICOX's maximum drawdown of -11.00%. Use the drawdown chart below to compare losses from any high point for BTAL and HICOX.
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Drawdown Indicators
| BTAL | HICOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.01% | -11.00% | -30.01% |
Max Drawdown (1Y)Largest decline over 1 year | -34.94% | -3.67% | -31.27% |
Max Drawdown (5Y)Largest decline over 5 years | -34.94% | -9.66% | -25.28% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -9.66% | -31.35% |
Current DrawdownCurrent decline from peak | -39.53% | -1.10% | -38.43% |
Average DrawdownAverage peak-to-trough decline | -21.67% | -2.57% | -19.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.64% | 0.76% | +24.88% |
Volatility
BTAL vs. HICOX - Volatility Comparison
AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a higher volatility of 6.87% compared to Colorado Bond Shares A Tax Exempt Fund (HICOX) at 0.84%. This indicates that BTAL's price experiences larger fluctuations and is considered to be riskier than HICOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTAL | HICOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 0.84% | +6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 1.54% | +14.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.51% | 4.32% | +18.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 3.52% | +14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 3.09% | +13.95% |