BTPIX vs. ATESX
Compare and contrast key facts about Salient Tactical Plus Fund (BTPIX) and Anchor Risk Managed Equity Strategies Fund (ATESX).
BTPIX is managed by Salient Funds. It was launched on Dec 30, 2012. ATESX is managed by BlackRock. It was launched on Sep 5, 2016.
Performance
BTPIX vs. ATESX - Performance Comparison
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BTPIX vs. ATESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTPIX Salient Tactical Plus Fund | -1.76% | -2.44% | 3.17% | 4.22% | -1.65% | 6.48% | 7.46% | 7.54% | 2.94% | -0.00% |
ATESX Anchor Risk Managed Equity Strategies Fund | -1.11% | 5.56% | 7.21% | 8.12% | -9.25% | 11.06% | 18.02% | 20.31% | 3.72% | 16.12% |
Returns By Period
In the year-to-date period, BTPIX achieves a -1.76% return, which is significantly lower than ATESX's -1.11% return.
BTPIX
- 1D
- -0.28%
- 1M
- -4.83%
- YTD
- -1.76%
- 6M
- -0.49%
- 1Y
- -1.03%
- 3Y*
- 1.13%
- 5Y*
- 1.35%
- 10Y*
- 3.26%
ATESX
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- -1.11%
- 6M
- -3.80%
- 1Y
- 8.95%
- 3Y*
- 5.81%
- 5Y*
- 4.36%
- 10Y*
- —
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BTPIX vs. ATESX - Expense Ratio Comparison
BTPIX has a 1.08% expense ratio, which is lower than ATESX's 2.10% expense ratio.
Return for Risk
BTPIX vs. ATESX — Risk / Return Rank
BTPIX
ATESX
BTPIX vs. ATESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient Tactical Plus Fund (BTPIX) and Anchor Risk Managed Equity Strategies Fund (ATESX). 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.
| BTPIX | ATESX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.09 | 0.93 | -1.02 |
Sortino ratioReturn per unit of downside risk | -0.06 | 1.27 | -1.33 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.18 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | -0.23 | 1.05 | -1.28 |
Martin ratioReturn relative to average drawdown | -0.60 | 2.26 | -2.86 |
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
| BTPIX | ATESX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.93 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.42 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.76 | -0.33 |
Correlation
The correlation between BTPIX and ATESX is 0.57, 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.
Dividends
BTPIX vs. ATESX - Dividend Comparison
BTPIX's dividend yield for the trailing twelve months is around 2.86%, while ATESX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BTPIX Salient Tactical Plus Fund | 2.86% | 2.81% | 3.80% | 4.93% | 7.72% | 0.00% | 6.10% | 6.16% | 3.08% | 0.00% | 4.14% |
ATESX Anchor Risk Managed Equity Strategies Fund | 0.00% | 0.00% | 0.00% | 1.30% | 7.45% | 0.00% | 0.00% | 11.78% | 7.70% | 6.02% | 0.00% |
Drawdowns
BTPIX vs. ATESX - Drawdown Comparison
The maximum BTPIX drawdown since its inception was -13.30%, roughly equal to the maximum ATESX drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for BTPIX and ATESX.
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Drawdown Indicators
| BTPIX | ATESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.30% | -12.87% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -8.92% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -8.90% | -12.87% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -11.04% | — | — |
Current DrawdownCurrent decline from peak | -6.75% | -7.71% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -3.69% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 4.14% | -1.53% |
Volatility
BTPIX vs. ATESX - Volatility Comparison
Salient Tactical Plus Fund (BTPIX) has a higher volatility of 2.33% compared to Anchor Risk Managed Equity Strategies Fund (ATESX) at 0.64%. This indicates that BTPIX's price experiences larger fluctuations and is considered to be riskier than ATESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTPIX | ATESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 0.64% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.04% | 7.73% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.79% | 9.81% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.09% | 10.46% | -4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.62% | 10.96% | -2.34% |