BTAL vs. USDU
BTAL (AGFiQ US Market Neutral Anti-Beta Fund) and USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) are both exchange-traded funds - BTAL is a Long-Short fund tracking the Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index, while USDU is a Currency fund actively managed by WisdomTree. BTAL is passively managed, while USDU is actively managed. Over the past 10 years, BTAL returned -4.76%/yr vs 2.77%/yr for USDU. At a 0.14 correlation, their price movements are largely independent. BTAL charges 2.11%/yr vs 0.51%/yr for USDU.
Performance
BTAL vs. USDU - Performance Comparison
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Returns By Period
In the year-to-date period, BTAL achieves a -18.69% return, which is significantly lower than USDU's 2.56% return. Over the past 10 years, BTAL has underperformed USDU with an annualized return of -4.76%, while USDU has yielded a comparatively higher 2.77% annualized return.
BTAL
- 1D
- -2.26%
- 1M
- -2.66%
- YTD
- -18.69%
- 6M
- -16.94%
- 1Y
- -35.41%
- 3Y*
- -12.18%
- 5Y*
- -4.53%
- 10Y*
- -4.76%
USDU
- 1D
- -0.08%
- 1M
- 2.52%
- YTD
- 2.56%
- 6M
- 2.09%
- 1Y
- 5.00%
- 3Y*
- 4.92%
- 5Y*
- 5.68%
- 10Y*
- 2.77%
BTAL vs. USDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | -18.69% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -2.13% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 2.56% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
Correlation
The correlation between BTAL and USDU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | 0.14 |
The correlation between BTAL and USDU shifts across timeframes, from 0.14 (all time) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BTAL vs. USDU — Risk / Return Rank
BTAL
USDU
BTAL vs. USDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU). 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.
| BTAL | USDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.85 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.16 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 1.38 | -2.32 |
| Martin ratioReturn relative to average drawdown | -1.62 | 3.74 | -5.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTAL | USDU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.61 | 0.89 | -2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.86 | -1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.28 | 0.37 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.44 | -0.68 |
Drawdowns
BTAL vs. USDU - Drawdown Comparison
The maximum BTAL drawdown since its inception was -50.28%, which is greater than USDU's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for BTAL and USDU.
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Drawdown Indicators
| BTAL | USDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.28% | -14.54% | -35.74% |
Max Drawdown (1Y)Largest decline over 1 year | -37.50% | -3.64% | -33.86% |
Max Drawdown (3Y)Largest decline over 3 years | -45.16% | -7.73% | -37.43% |
Max Drawdown (5Y)Largest decline over 5 years | -45.16% | -9.28% | -35.88% |
Max Drawdown (10Y)Largest decline over 10 years | -50.28% | -14.54% | -35.74% |
Current DrawdownCurrent decline from peak | -49.32% | -1.62% | -47.70% |
Average DrawdownAverage peak-to-trough decline | -21.98% | -4.72% | -17.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.90% | 1.34% | +20.56% |
Volatility
BTAL vs. USDU - Volatility Comparison
AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a higher volatility of 7.68% compared to WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) at 1.28%. This indicates that BTAL's price experiences larger fluctuations and is considered to be riskier than USDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTAL | USDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 1.28% | +6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.98% | 4.36% | +11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.07% | 5.67% | +16.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 6.63% | +12.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 7.46% | +9.83% |
BTAL vs. USDU - Expense Ratio Comparison
BTAL has a 2.11% expense ratio, which is higher than USDU's 0.51% expense ratio.
Dividends
BTAL vs. USDU - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 3.06%, less than USDU's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.06% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.74% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Frequently Asked Questions
BTAL and USDU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (7.68%) compared to USDU (1.28%). In terms of maximum drawdown, BTAL dropped -50.28% vs USDU's -14.54%.
On 10-year performance, USDU leads with 2.77% vs -4.76% for BTAL. On fees, USDU is cheaper at 0.51% per year. On volatility, USDU has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USDU has performed better with a 2.77% return vs -4.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 2.11% for BTAL.
USDU has the higher dividend yield at 3.74%, compared with 3.06% for BTAL.
BTAL is categorized as Long-Short, while USDU is Currency. They also come from different issuers: AGF and WisdomTree. Their fees differ too: 2.11% for BTAL and 0.51% for USDU.
USDU currently has the higher Sharpe Ratio (0.89 vs -1.61), 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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