BTAL vs. VOO
Compare and contrast key facts about AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Vanguard S&P 500 ETF (VOO).
BTAL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both BTAL and VOO 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 VOO.
Key characteristics
| BTAL | VOO | |
|---|---|---|
| YTD Return | 14.45% | 26.88% |
| 1Y Return | -1.96% | 37.59% |
| 3Y Return (Ann) | 8.00% | 10.23% |
| 5Y Return (Ann) | -2.02% | 15.93% |
| 10Y Return (Ann) | 0.59% | 13.41% |
| Sharpe Ratio | -0.11 | 3.06 |
| Sortino Ratio | -0.04 | 4.08 |
| Omega Ratio | 0.99 | 1.58 |
| Calmar Ratio | -0.06 | 4.43 |
| Martin Ratio | -0.29 | 20.25 |
| Ulcer Index | 6.53% | 1.85% |
| Daily Std Dev | 16.74% | 12.23% |
| Max Drawdown | -38.36% | -33.99% |
| Current Drawdown | -20.80% | -0.30% |
Correlation
The correlation between BTAL and VOO 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.
Performance
BTAL vs. VOO - Performance Comparison
In the year-to-date period, BTAL achieves a 14.45% return, which is significantly lower than VOO's 26.88% return. Over the past 10 years, BTAL has underperformed VOO with an annualized return of 0.59%, while VOO has yielded a comparatively higher 13.41% annualized 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. VOO - Expense Ratio Comparison
BTAL has a 2.11% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
BTAL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 5.37%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 5.37% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
BTAL vs. VOO - Drawdown Comparison
The maximum BTAL drawdown since its inception was -38.36%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BTAL and VOO. For additional features, visit the drawdowns tool.
Volatility
BTAL vs. VOO - Volatility Comparison
AGFiQ US Market Neutral Anti-Beta Fund (BTAL) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.91% and 3.89%, 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.