BTAL vs. MPAIX
Compare and contrast key facts about AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Morgan Stanley Institutional Fund, Inc. Advantage Portfolio (MPAIX).
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. MPAIX is managed by T. Rowe Price. It was launched on Jun 30, 2008.
Performance
BTAL vs. MPAIX - Performance Comparison
Loading graphics...
BTAL vs. MPAIX - 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% |
MPAIX Morgan Stanley Institutional Fund, Inc. Advantage Portfolio | -15.92% | 18.96% | 36.20% | 46.28% | -54.25% | -4.91% | 74.81% | 29.09% | 2.07% | 32.08% |
Returns By Period
In the year-to-date period, BTAL achieves a -2.99% return, which is significantly higher than MPAIX's -15.92% return. Over the past 10 years, BTAL has underperformed MPAIX with an annualized return of -3.16%, while MPAIX has yielded a comparatively higher 10.73% 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%
MPAIX
- 1D
- 0.30%
- 1M
- -6.23%
- YTD
- -15.92%
- 6M
- -21.30%
- 1Y
- 7.34%
- 3Y*
- 18.67%
- 5Y*
- -2.28%
- 10Y*
- 10.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BTAL vs. MPAIX - Expense Ratio Comparison
BTAL has a 2.11% expense ratio, which is higher than MPAIX's 0.85% expense ratio.
Return for Risk
BTAL vs. MPAIX — Risk / Return Rank
BTAL
MPAIX
BTAL vs. MPAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Morgan Stanley Institutional Fund, Inc. Advantage Portfolio (MPAIX). 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 | MPAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.40 | 0.20 | -1.60 |
Sortino ratioReturn per unit of downside risk | -2.13 | 0.50 | -2.63 |
Omega ratioGain probability vs. loss probability | 0.77 | 1.06 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | -0.88 | 0.09 | -0.97 |
Martin ratioReturn relative to average drawdown | -1.20 | 0.24 | -1.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BTAL | MPAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.40 | 0.20 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.06 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.37 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.41 | -0.58 |
Correlation
The correlation between BTAL and MPAIX is -0.48. 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.
Dividends
BTAL vs. MPAIX - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 2.56%, more than MPAIX's 0.03% 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% |
MPAIX Morgan Stanley Institutional Fund, Inc. Advantage Portfolio | 0.03% | 0.03% | 1.50% | 0.00% | 28.33% | 23.18% | 5.16% | 3.77% | 4.54% | 7.43% | 2.17% | 8.89% |
Drawdowns
BTAL vs. MPAIX - Drawdown Comparison
The maximum BTAL drawdown since its inception was -41.01%, smaller than the maximum MPAIX drawdown of -64.09%. Use the drawdown chart below to compare losses from any high point for BTAL and MPAIX.
Loading graphics...
Drawdown Indicators
| BTAL | MPAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.01% | -64.09% | +23.08% |
Max Drawdown (1Y)Largest decline over 1 year | -34.94% | -24.12% | -10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.94% | -64.09% | +29.15% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -64.09% | +23.08% |
Current DrawdownCurrent decline from peak | -39.53% | -24.56% | -14.97% |
Average DrawdownAverage peak-to-trough decline | -21.67% | -13.49% | -8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.64% | 9.30% | +16.34% |
Volatility
BTAL vs. MPAIX - Volatility Comparison
AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Morgan Stanley Institutional Fund, Inc. Advantage Portfolio (MPAIX) have volatilities of 6.87% and 7.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BTAL | MPAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 7.04% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 19.00% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.51% | 29.10% | -6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 35.46% | -17.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 29.33% | -12.29% |