COST vs. BTAL

Last updated Jun 20, 2026

COST (Costco Wholesale Corporation) is a stock, while BTAL (AGF U.S. Market Neutral Anti-Beta Fund) is Equity Market Neutral fund actively managed by AGF. Over the past 10 years, COST returned 21.83%/yr vs -5.40%/yr for BTAL. At a correlation of -0.13, they often move in opposite directions.

Performance

COST vs. BTAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Costco Wholesale Corporation (COST) and AGF U.S. Market Neutral Anti-Beta Fund (BTAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COST achieves a 10.64% return, which is significantly higher than BTAL's -23.84% return. Over the past 10 years, COST has outperformed BTAL with an annualized return of 21.83%, while BTAL has yielded a comparatively lower -5.40% annualized return.

COST

• 1D: -1.46%
• 1M: -7.47%
• YTD: 10.64%
• 6M: 11.51%
• 1Y: -2.40%
• 3Y*: 23.66%
• 5Y*: 21.40%
• 10Y*: 21.83%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COST vs. BTAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COST Costco Wholesale Corporation	10.64%	-5.39%	39.62%	49.00%	-19.05%	51.82%	32.67%	45.70%	10.60%	22.37%
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 COST and BTAL is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.16
Correlation (10Y) Calculated over the trailing 10-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011	-0.13

The correlation between COST and BTAL shifts across timeframes, from -0.16 (5 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

COST vs. BTAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COST

COST Risk / Return Rank: 35
COST Sharpe Ratio Rank: 38
COST Sortino Ratio Rank: 31
COST Omega Ratio Rank: 31
COST Calmar Ratio Rank: 38
COST Martin Ratio Rank: 37

BTAL

BTAL Risk / Return Rank: 0
BTAL Sharpe Ratio Rank: 0
BTAL Sortino Ratio Rank: 0
BTAL Omega Ratio Rank: 0
BTAL Calmar Ratio Rank: 0
BTAL Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COST vs. BTAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Costco Wholesale Corporation (COST) 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.

	COST	BTAL	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	-1.70	+1.61
Sortino ratio: Return per unit of downside risk	-0.01	-2.69	+2.68
Omega ratio: Gain probability vs. loss probability	1.00	0.72	+0.28
Calmar ratio: Return relative to maximum drawdown	-0.12	-1.00	+0.87
Martin ratio: Return relative to average drawdown	-0.27	-1.84	+1.56

COST vs. BTAL - Sharpe Ratio Comparison

The current COST Sharpe Ratio is -0.10, which is higher than the BTAL Sharpe Ratio of -1.70. The chart below compares the historical Sharpe Ratios of COST and BTAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COST vs. BTAL - Drawdown Comparison

The maximum COST drawdown since its inception was -53.39%, roughly equal to the maximum BTAL drawdown of -52.53%. Use the drawdown chart below to compare losses from any high point for COST and BTAL.

Drawdown Indicators

	COST	BTAL	Difference
Max Drawdown Largest peak-to-trough decline	-53.39%	-52.53%	-0.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.14%	-38.64%	+23.50%
Max Drawdown (3Y) Largest decline over 3 years	-20.74%	-47.64%	+26.90%
Max Drawdown (5Y) Largest decline over 5 years	-31.40%	-47.64%	+16.24%
Max Drawdown (10Y) Largest decline over 10 years	-31.40%	-52.53%	+21.13%
Current Drawdown Current decline from peak	-13.06%	-52.53%	+39.47%
Average Drawdown Average peak-to-trough decline	-13.36%	-22.04%	+8.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.81%	20.94%	-14.13%

Volatility

COST vs. BTAL - Volatility Comparison

The current volatility for Costco Wholesale Corporation (COST) is 6.60%, while AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a volatility of 8.68%. This indicates that COST experiences smaller price fluctuations and is considered to be less risky than BTAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COST	BTAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.60%	8.68%	-2.08%
Volatility (6M) Calculated over the trailing 6-month period	14.49%	16.70%	-2.21%
Volatility (1Y) Calculated over the trailing 1-year period	18.93%	22.64%	-3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.74%	19.05%	+3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.96%	17.38%	+4.58%

Dividends

COST vs. BTAL - Dividend Comparison

COST's dividend yield for the trailing twelve months is around 0.56%, less than BTAL's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTAL AGF U.S. Market Neutral Anti-Beta Fund	3.27%	2.49%	3.49%	6.14%	1.01%	0.00%	0.00%	0.88%	0.39%	0.00%	0.00%	0.00%
COST Costco Wholesale Corporation	0.56%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%

Frequently Asked Questions

Can I hold both COST and BTAL in my portfolio?

COST and BTAL have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COST or BTAL?

BTAL has higher volatility (8.68%) compared to COST (6.60%). In terms of maximum drawdown, COST dropped -53.39% vs BTAL's -52.53%.

Which has better risk-adjusted returns?

COST currently has the higher Sharpe Ratio (-0.10 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.