BTAL vs. SCHK
BTAL (AGF U.S. Market Neutral Anti-Beta Fund) and SCHK (Schwab 1000 Index ETF) are both exchange-traded funds - BTAL is a Equity Market Neutral fund actively managed by AGF, while SCHK is a Large Cap Blend Equities fund tracking the Schwab 1000 Index. BTAL is actively managed, while SCHK is passively managed. Over the past 5 years, BTAL returned -4.51%/yr vs 12.33%/yr for SCHK. Their -0.59 correlation means they have often moved in opposite directions in the past. BTAL charges 1.40%/yr vs 0.03%/yr for SCHK.
Performance
BTAL vs. SCHK - Performance Comparison
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Returns By Period
In the year-to-date period, BTAL achieves a -16.19% return, which is significantly lower than SCHK's 11.92% return.
BTAL
- 1D
- -1.55%
- 1M
- 4.15%
- 6M
- -14.41%
- YTD
- -16.19%
- 1Y
- -26.63%
- 3Y*
- -9.91%
- 5Y*
- -4.51%
- 10Y*
- -4.34%
- ALL TIME*
- -3.88%
SCHK
- 1D
- 1.42%
- 1M
- 1.50%
- 6M
- 9.74%
- YTD
- 11.92%
- 1Y
- 23.09%
- 3Y*
- 20.65%
- 5Y*
- 12.33%
- 10Y*
- —
- ALL TIME*
- 14.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.44M | $8.83M | $8.21M | |
| $27.70M | $27.97M | $27.91M |
BTAL vs. SCHK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -16.19% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | 0.16% |
SCHK Schwab 1000 Index ETF | 11.92% | 17.23% | 24.48% | 26.63% | -19.51% | 26.17% | 20.75% | 31.31% | -5.09% | 5.24% |
Correlation
The correlation between BTAL and SCHK is -0.77, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.77 |
Correlation (3Y) Balances recent behavior with more history. | -0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2017 | -0.59 |
The correlation between BTAL and SCHK shifts across timeframes, from -0.77 (1 year) to -0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BTAL vs. SCHK — Risk / Return Rank
BTAL
SCHK
BTAL vs. SCHK - 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 Schwab 1000 Index ETF (SCHK). 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 | SCHK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.32 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 2.59 | -3.36 |
| Martin ratioReturn relative to average drawdown | -1.39 | 11.09 | -12.48 |
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Drawdowns
BTAL vs. SCHK - Drawdown Comparison
The maximum BTAL drawdown since its inception was -52.70%, which is greater than SCHK's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for BTAL and SCHK.
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Drawdown Indicators
| BTAL | SCHK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.70% | -34.80% | -17.90% |
Max Drawdown (1Y)Largest decline over 1 year | -34.57% | -8.97% | -25.60% |
Max Drawdown (3Y)Largest decline over 3 years | -47.83% | -19.21% | -28.62% |
Max Drawdown (5Y)Largest decline over 5 years | -47.83% | -25.44% | -22.39% |
Max Drawdown (10Y)Largest decline over 10 years | -52.70% | — | — |
Current DrawdownCurrent decline from peak | -47.76% | 0.00% | -47.76% |
Average DrawdownAverage peak-to-trough decline | -22.25% | -5.11% | -17.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.17% | 2.09% | +17.08% |
Volatility
BTAL vs. SCHK - Volatility Comparison
AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a higher volatility of 7.90% compared to Schwab 1000 Index ETF (SCHK) at 3.78%. This indicates that BTAL's price experiences larger fluctuations and is considered to be riskier than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTAL | SCHK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.90% | 3.78% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 17.92% | 10.36% | +7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 13.10% | +10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.41% | 17.36% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.48% | 19.05% | -1.57% |
BTAL vs. SCHK - Expense Ratio Comparison
BTAL has a 1.40% expense ratio, which is higher than SCHK's 0.03% expense ratio.
Dividends
BTAL vs. SCHK - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 2.97%, more than SCHK's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 2.97% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% |
SCHK Schwab 1000 Index ETF | 1.02% | 1.09% | 1.20% | 1.38% | 1.57% | 1.17% | 1.58% | 1.82% | 1.80% | 0.31% |
Frequently Asked Questions
BTAL and SCHK have a correlation of -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (7.90%) compared to SCHK (3.78%). In terms of maximum drawdown, BTAL dropped -52.70% vs SCHK's -34.80%.
On 5-year performance, SCHK leads with 12.33% vs -4.51% for BTAL. On fees, SCHK is cheaper at 0.03% per year. On volatility, SCHK has been the lower-risk option at 3.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHK has performed better with a 12.33% return vs -4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHK is cheaper with a 0.03% expense ratio, compared with 1.40% for BTAL.
BTAL has the higher dividend yield at 2.97%, compared with 1.02% for SCHK.
BTAL is categorized as Equity Market Neutral, while SCHK is Large Cap Blend Equities. They also come from different issuers: AGF and Charles Schwab. Their fees differ too: 1.40% for BTAL and 0.03% for SCHK.
SCHK currently has the higher Sharpe Ratio (1.77 vs -1.12), 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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