BTAL vs. SPY
Compare and contrast key facts about AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and SPDR S&P 500 ETF (SPY).
BTAL and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both BTAL and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTAL or SPY.
Performance
BTAL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, BTAL achieves a 13.45% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, BTAL has underperformed SPY with an annualized return of 0.53%, while SPY has yielded a comparatively higher 13.07% annualized return.
BTAL
13.45%
-1.33%
1.48%
1.03%
-2.27%
0.53%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| BTAL | SPY | |
|---|---|---|
| Sharpe Ratio | 0.01 | 2.69 |
| Sortino Ratio | 0.13 | 3.59 |
| Omega Ratio | 1.02 | 1.50 |
| Calmar Ratio | 0.01 | 3.89 |
| Martin Ratio | 0.04 | 17.53 |
| Ulcer Index | 5.16% | 1.87% |
| Daily Std Dev | 16.64% | 12.15% |
| Max Drawdown | -38.36% | -55.19% |
| Current Drawdown | -21.49% | -1.41% |
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BTAL vs. SPY - Expense Ratio Comparison
BTAL has a 2.11% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between BTAL and SPY is -0.50. 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.
Risk-Adjusted Performance
BTAL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and SPDR S&P 500 ETF (SPY). 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.
Dividends
BTAL vs. SPY - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 5.41%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 5.41% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BTAL vs. SPY - Drawdown Comparison
The maximum BTAL drawdown since its inception was -38.36%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BTAL and SPY. For additional features, visit the drawdowns tool.
Volatility
BTAL vs. SPY - Volatility Comparison
AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and SPDR S&P 500 ETF (SPY) have volatilities of 3.90% and 4.09%, 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.