BTAL vs. TAIL
Compare and contrast key facts about AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Cambria Tail Risk ETF (TAIL).
BTAL and TAIL 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. TAIL is an actively managed fund by Cambria. It was launched on Apr 6, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTAL or TAIL.
Key characteristics
| BTAL | TAIL | |
|---|---|---|
| YTD Return | 13.63% | -8.85% |
| 1Y Return | -2.57% | -7.36% |
| 3Y Return (Ann) | 8.03% | -12.23% |
| 5Y Return (Ann) | -1.82% | -8.84% |
| Sharpe Ratio | -0.11 | -0.66 |
| Sortino Ratio | -0.04 | -0.93 |
| Omega Ratio | 1.00 | 0.89 |
| Calmar Ratio | -0.06 | -0.15 |
| Martin Ratio | -0.28 | -1.17 |
| Ulcer Index | 6.49% | 6.70% |
| Daily Std Dev | 16.69% | 11.96% |
| Max Drawdown | -38.36% | -51.07% |
| Current Drawdown | -21.37% | -50.64% |
Correlation
The correlation between BTAL and TAIL is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BTAL vs. TAIL - Performance Comparison
In the year-to-date period, BTAL achieves a 13.63% return, which is significantly higher than TAIL's -8.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BTAL vs. TAIL - Expense Ratio Comparison
BTAL has a 2.11% expense ratio, which is higher than TAIL's 0.59% expense ratio.
Risk-Adjusted Performance
BTAL vs. TAIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Cambria Tail Risk ETF (TAIL). 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. TAIL - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 5.40%, more than TAIL's 3.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 5.40% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% |
TAIL Cambria Tail Risk ETF | 3.54% | 3.73% | 1.50% | 0.49% | 0.36% | 1.58% | 1.52% | 0.91% |
Drawdowns
BTAL vs. TAIL - Drawdown Comparison
The maximum BTAL drawdown since its inception was -38.36%, smaller than the maximum TAIL drawdown of -51.07%. Use the drawdown chart below to compare losses from any high point for BTAL and TAIL. For additional features, visit the drawdowns tool.
Volatility
BTAL vs. TAIL - Volatility Comparison
The current volatility for AGFiQ US Market Neutral Anti-Beta Fund (BTAL) is 3.70%, while Cambria Tail Risk ETF (TAIL) has a volatility of 4.01%. This indicates that BTAL experiences smaller price fluctuations and is considered to be less risky than TAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.