BTAL vs. WTMF
BTAL (AGFiQ US Market Neutral Anti-Beta Fund) and WTMF (WisdomTree Managed Futures Strategy 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 WTMF is a Hedge Fund fund tracking the WisdomTree Managed Futures Index. Both are passively managed. Over the past 10 years, BTAL returned -5.05%/yr vs 3.15%/yr for WTMF. At a correlation of -0.11, they often move in opposite directions. BTAL charges 2.11%/yr vs 0.65%/yr for WTMF.
Performance
BTAL vs. WTMF - Performance Comparison
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Returns By Period
In the year-to-date period, BTAL achieves a -20.15% return, which is significantly lower than WTMF's 7.65% return. Over the past 10 years, BTAL has underperformed WTMF with an annualized return of -5.05%, while WTMF has yielded a comparatively higher 3.15% annualized return.
BTAL
- 1D
- -0.09%
- 1M
- -4.17%
- YTD
- -20.15%
- 6M
- -19.27%
- 1Y
- -37.44%
- 3Y*
- -12.17%
- 5Y*
- -4.94%
- 10Y*
- -5.05%
WTMF
- 1D
- 0.59%
- 1M
- -0.91%
- YTD
- 7.65%
- 6M
- 7.62%
- 1Y
- 20.55%
- 3Y*
- 9.45%
- 5Y*
- 6.05%
- 10Y*
- 3.15%
BTAL vs. WTMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | -20.15% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -2.13% |
WTMF WisdomTree Managed Futures Strategy Fund | 7.65% | 12.17% | 3.20% | 16.72% | -6.52% | 9.48% | 0.48% | -2.75% | 0.24% | -3.40% |
Correlation
The correlation between BTAL and WTMF is -0.44, 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 | -0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | -0.11 |
Over the past year, the inverse relationship between BTAL and WTMF has strengthened: their correlation has moved from -0.11 to -0.44, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BTAL vs. WTMF — Risk / Return Rank
BTAL
WTMF
BTAL vs. WTMF - 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 Managed Futures Strategy Fund (WTMF). 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 | WTMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.92 | ||
| Sortino ratioReturn per unit of downside risk | -5.67 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.44 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 5.05 | -6.03 |
| Martin ratioReturn relative to average drawdown | -1.64 | 21.53 | -23.17 |
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Drawdowns
BTAL vs. WTMF - Drawdown Comparison
The maximum BTAL drawdown since its inception was -50.28%, which is greater than WTMF's maximum drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for BTAL and WTMF.
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Drawdown Indicators
| BTAL | WTMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.28% | -30.79% | -19.49% |
Max Drawdown (1Y)Largest decline over 1 year | -37.50% | -4.04% | -33.46% |
Max Drawdown (3Y)Largest decline over 3 years | -45.16% | -9.93% | -35.23% |
Max Drawdown (5Y)Largest decline over 5 years | -45.16% | -13.21% | -31.95% |
Max Drawdown (10Y)Largest decline over 10 years | -50.28% | -15.62% | -34.66% |
Current DrawdownCurrent decline from peak | -50.23% | -0.91% | -49.32% |
Average DrawdownAverage peak-to-trough decline | -22.01% | -17.67% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.38% | 0.94% | +21.44% |
Volatility
BTAL vs. WTMF - Volatility Comparison
AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a higher volatility of 8.74% compared to WisdomTree Managed Futures Strategy Fund (WTMF) at 2.76%. This indicates that BTAL's price experiences larger fluctuations and is considered to be riskier than WTMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTAL | WTMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 2.76% | +5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 16.58% | 7.21% | +9.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 8.93% | +13.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 9.51% | +9.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 8.10% | +9.23% |
BTAL vs. WTMF - Expense Ratio Comparison
BTAL has a 2.11% expense ratio, which is higher than WTMF's 0.65% expense ratio.
Dividends
BTAL vs. WTMF - Dividend Comparison
BTAL's dividend yield for the trailing twelve months is around 3.11%, more than WTMF's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.11% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% |
WTMF WisdomTree Managed Futures Strategy Fund | 2.83% | 3.04% | 3.57% | 4.74% | 5.29% | 14.71% | 0.47% | 1.63% | 3.59% |
Frequently Asked Questions
BTAL and WTMF have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (8.74%) compared to WTMF (2.76%). In terms of maximum drawdown, BTAL dropped -50.28% vs WTMF's -30.79%.
On 10-year performance, WTMF leads with 3.15% vs -5.05% for BTAL. On fees, WTMF is cheaper at 0.65% per year. On volatility, WTMF has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, WTMF has performed better with a 3.15% return vs -5.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTMF is cheaper with a 0.65% expense ratio, compared with 2.11% for BTAL.
BTAL has the higher dividend yield at 3.11%, compared with 2.83% for WTMF.
BTAL is categorized as Long-Short, while WTMF is Hedge Fund. BTAL tracks Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index, while WTMF tracks WisdomTree Managed Futures Index. They also come from different issuers: AGF and WisdomTree. Their fees differ too: 2.11% for BTAL and 0.65% for WTMF.
WTMF currently has the higher Sharpe Ratio (2.28 vs -1.64), 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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