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 -4.64%/yr vs 12.32%/yr for SCHK. At a correlation of -0.59, they often move in opposite directions. 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 -17.58% return, which is significantly lower than SCHK's 10.72% return.
BTAL
- 1D
- 1.98%
- 1M
- 3.22%
- 6M
- -14.80%
- YTD
- -17.58%
- 1Y
- -28.86%
- 3Y*
- -9.69%
- 5Y*
- -4.64%
- 10Y*
- -4.85%
SCHK
- 1D
- -0.77%
- 1M
- 1.22%
- 6M
- 8.38%
- YTD
- 10.72%
- 1Y
- 21.33%
- 3Y*
- 19.96%
- 5Y*
- 12.32%
- 10Y*
- —
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 | -17.58% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | 0.16% |
SCHK Schwab 1000 Index ETF | 10.72% | 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 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 | -0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.68 |
Correlation (5Y) Calculated over the trailing 5-year 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 | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.30 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.39 | -3.23 |
| Martin ratioReturn relative to average drawdown | -1.61 | 10.43 | -12.04 |
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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 | -34.61% | -8.97% | -25.64% |
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 | -48.63% | -1.02% | -47.61% |
Average DrawdownAverage peak-to-trough decline | -22.15% | -5.14% | -17.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.00% | 2.05% | +15.95% |
Volatility
BTAL vs. SCHK - Volatility Comparison
AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a higher volatility of 8.77% compared to Schwab 1000 Index ETF (SCHK) at 4.07%. 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 | 8.77% | 4.07% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 10.17% | +7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.28% | 12.86% | +10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.23% | 17.35% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 19.08% | -1.72% |
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 3.02%, more than SCHK's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 3.02% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% |
SCHK Schwab 1000 Index ETF | 1.03% | 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 (8.77%) compared to SCHK (4.07%). In terms of maximum drawdown, BTAL dropped -52.70% vs SCHK's -34.80%.
On 5-year performance, SCHK leads with 12.32% vs -4.64% for BTAL. On fees, SCHK is cheaper at 0.03% per year. On volatility, SCHK has been the lower-risk option at 4.07%. 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 12.32% return vs -4.64%. 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 3.02%, compared with 1.03% 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 (1.67 vs -1.25), 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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