BTAL vs. NECB
BTAL (AGFiQ US Market Neutral Anti-Beta Fund) is Long-Short fund tracking the Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index, while NECB (Northeast Community Bancorp, Inc.) is a stock. Over the past 10 years, BTAL returned -5.05%/yr vs 20.80%/yr for NECB. At a correlation of -0.13, they often move in opposite directions.
Performance
BTAL vs. NECB - Performance Comparison
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Returns By Period
In the year-to-date period, BTAL achieves a -20.15% return, which is significantly lower than NECB's 16.88% return. Over the past 10 years, BTAL has underperformed NECB with an annualized return of -5.05%, while NECB has yielded a comparatively higher 20.80% annualized return.
BTAL
- 1D
- -0.09%
- 1M
- -4.33%
- YTD
- -20.15%
- 6M
- -19.27%
- 1Y
- -36.60%
- 3Y*
- -12.17%
- 5Y*
- -4.94%
- 10Y*
- -5.05%
NECB
- 1D
- 1.33%
- 1M
- 9.99%
- YTD
- 16.88%
- 6M
- 13.37%
- 1Y
- 18.22%
- 3Y*
- 25.98%
- 5Y*
- 20.75%
- 10Y*
- 20.80%
BTAL vs. NECB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | -20.15% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -2.13% |
NECB Northeast Community Bancorp, Inc. | 16.88% | -3.51% | 41.77% | 20.41% | 38.91% | 10.09% | 16.28% | 9.72% | 11.13% | 29.67% |
Correlation
The correlation between BTAL and NECB is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | -0.13 |
The correlation between BTAL and NECB shifts across timeframes, from -0.28 (3 years) to -0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BTAL vs. NECB — Risk / Return Rank
BTAL
NECB
BTAL vs. NECB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Northeast Community Bancorp, Inc. (NECB). 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 | NECB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.13 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 0.97 | -1.95 |
| Martin ratioReturn relative to average drawdown | -1.64 | 1.99 | -3.62 |
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Drawdowns
BTAL vs. NECB - Drawdown Comparison
The maximum BTAL drawdown since its inception was -50.28%, smaller than the maximum NECB drawdown of -61.91%. Use the drawdown chart below to compare losses from any high point for BTAL and NECB.
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Drawdown Indicators
| BTAL | NECB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.28% | -61.91% | +11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -37.50% | -18.77% | -18.73% |
Max Drawdown (3Y)Largest decline over 3 years | -45.16% | -34.54% | -10.62% |
Max Drawdown (5Y)Largest decline over 5 years | -45.16% | -34.54% | -10.62% |
Max Drawdown (10Y)Largest decline over 10 years | -50.28% | -47.80% | -2.48% |
Current DrawdownCurrent decline from peak | -50.23% | -11.33% | -38.90% |
Average DrawdownAverage peak-to-trough decline | -22.01% | -24.85% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.38% | 9.20% | +13.18% |
Volatility
BTAL vs. NECB - Volatility Comparison
AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a higher volatility of 8.74% compared to Northeast Community Bancorp, Inc. (NECB) at 5.30%. This indicates that BTAL's price experiences larger fluctuations and is considered to be riskier than NECB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTAL | NECB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 5.30% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 16.58% | 15.65% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 26.79% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 24.88% | -5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 29.10% | -11.77% |
Dividends
BTAL vs. NECB - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 3.11%, less than NECB's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.11% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% |
NECB Northeast Community Bancorp, Inc. | 3.85% | 4.20% | 2.29% | 1.01% | 2.82% | 1.82% | 1.09% | 1.00% | 1.08% | 1.19% | 1.52% | 1.69% |
Frequently Asked Questions
BTAL and NECB have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (8.74%) compared to NECB (5.30%). In terms of maximum drawdown, BTAL dropped -50.28% vs NECB's -61.91%.
NECB currently has the higher Sharpe Ratio (0.68 vs -1.64), 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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