BTC-USD vs. BTAL
BTC-USD (Bitcoin) is a cryptocurrency, while BTAL (AGF U.S. Market Neutral Anti-Beta Fund) is Equity Market Neutral fund actively managed by AGF. Over the past 10 years, BTC-USD returned 58.67%/yr vs -5.40%/yr for BTAL. At a correlation of -0.11, they often move in opposite directions.
Performance
BTC-USD vs. BTAL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTC-USD achieves a -27.06% return, which is significantly lower than BTAL's -23.84% return. Over the past 10 years, BTC-USD has outperformed BTAL with an annualized return of 58.67%, while BTAL has yielded a comparatively lower -5.40% annualized return.
BTC-USD
- 1D
- -0.63%
- 1M
- -15.41%
- YTD
- -27.06%
- 6M
- -28.00%
- 1Y
- -37.53%
- 3Y*
- 28.77%
- 5Y*
- 14.42%
- 10Y*
- 58.67%
BTAL
- 1D
- -2.92%
- 1M
- -10.46%
- YTD
- -23.84%
- 6M
- -22.94%
- 1Y
- -38.64%
- 3Y*
- -13.54%
- 5Y*
- -6.13%
- 10Y*
- -5.40%
BTC-USD vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTC-USD Bitcoin | -27.06% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -23.84% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -2.13% |
Correlation
The correlation between BTC-USD and BTAL is -0.35, 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 | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2012 | -0.11 |
Over the past year, the inverse relationship between BTC-USD and BTAL has strengthened: their correlation has moved from -0.11 to -0.35, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTC-USD vs. BTAL — Risk / Return Rank
BTC-USD
BTAL
BTC-USD vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-USD) and AGF U.S. Market Neutral Anti-Beta Fund (BTAL). 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.
| BTC-USD | BTAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.72 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -1.00 | +0.26 |
| Martin ratioReturn relative to average drawdown | -1.24 | -1.84 | +0.59 |
Loading charts...
Drawdowns
BTC-USD vs. BTAL - Drawdown Comparison
The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than BTAL's maximum drawdown of -52.53%. Use the drawdown chart below to compare losses from any high point for BTC-USD and BTAL.
Loading charts...
Drawdown Indicators
| BTC-USD | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -52.53% | -32.77% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -38.64% | -12.57% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | -47.64% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | -47.64% | -29.03% |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | -52.53% | -31.27% |
Current DrawdownCurrent decline from peak | -48.83% | -52.53% | +3.70% |
Average DrawdownAverage peak-to-trough decline | -42.43% | -22.04% | -20.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.44% | 20.94% | +10.50% |
Volatility
BTC-USD vs. BTAL - Volatility Comparison
Bitcoin (BTC-USD) has a higher volatility of 12.28% compared to AGF U.S. Market Neutral Anti-Beta Fund (BTAL) at 8.68%. This indicates that BTC-USD's price experiences larger fluctuations and is considered to be riskier than BTAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTC-USD | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.28% | 8.68% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 34.51% | 16.70% | +17.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.67% | 22.64% | +13.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.29% | 19.05% | +25.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.44% | 17.38% | +39.06% |
Frequently Asked Questions
BTC-USD and BTAL have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.28%) compared to BTAL (8.68%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs BTAL's -52.53%.
BTC-USD currently has the higher Sharpe Ratio (-0.87 vs -1.70), 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.
Find the right allocation for BTC-USD and BTAL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer