EMPB vs. BTAL
EMPB (Efficient Market Portfolio Plus ETF) and BTAL (AGF U.S. Market Neutral Anti-Beta Fund) are both exchange-traded funds - EMPB is a Long-Short fund actively managed by NextGen EMP, while BTAL is a Equity Market Neutral fund actively managed by AGF. Both are actively managed. Over the past year, EMPB returned 17.10% vs -25.47% for BTAL. Their -0.59 correlation means they have often moved in opposite directions in the past. EMPB charges 1.82%/yr vs 1.40%/yr for BTAL.
Performance
EMPB vs. BTAL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMPB achieves a 14.62% return, which is significantly higher than BTAL's -14.87% return.
EMPB
- 1D
- 1.10%
- 1M
- 1.13%
- 6M
- 14.24%
- YTD
- 14.62%
- 1Y
- 17.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.65%
BTAL
- 1D
- -0.33%
- 1M
- 5.79%
- 6M
- -13.85%
- YTD
- -14.87%
- 1Y
- -25.47%
- 3Y*
- -8.33%
- 5Y*
- -4.14%
- 10Y*
- -4.41%
- ALL TIME*
- -3.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.19M | $8.38M | $8.16M | |
| $259.83K | $233.39K | $230.26K |
EMPB vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EMPB Efficient Market Portfolio Plus ETF | 14.62% | 14.84% | 0.43% |
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -14.87% | -20.17% | 3.43% |
Correlation
The correlation between EMPB and BTAL is -0.61, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | -0.59 |
The correlation between EMPB and BTAL has been stable across timeframes, ranging from -0.61 to -0.59 - a consistent structural relationship.
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
EMPB vs. BTAL — Risk / Return Rank
EMPB
BTAL
EMPB vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Efficient Market Portfolio Plus ETF (EMPB) 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.
| EMPB | BTAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.85 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | -0.69 | +3.50 |
| Martin ratioReturn relative to average drawdown | 8.07 | -1.25 | +9.32 |
Loading charts...
Drawdowns
EMPB vs. BTAL - Drawdown Comparison
The maximum EMPB drawdown since its inception was -7.55%, smaller than the maximum BTAL drawdown of -52.70%. Use the drawdown chart below to compare losses from any high point for EMPB and BTAL.
Loading charts...
Drawdown Indicators
| EMPB | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.55% | -52.70% | +45.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -34.57% | +28.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -47.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.70% | — |
Current DrawdownCurrent decline from peak | -0.76% | -46.94% | +46.18% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -22.25% | +20.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 19.09% | -17.02% |
Volatility
EMPB vs. BTAL - Volatility Comparison
The current volatility for Efficient Market Portfolio Plus ETF (EMPB) is 3.75%, while AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a volatility of 7.89%. This indicates that EMPB 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.
Loading charts...
Volatility by Period
| EMPB | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 7.89% | -4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.07% | 17.97% | -8.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 23.85% | -12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.72% | 19.39% | -7.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.72% | 17.47% | -5.75% |
EMPB vs. BTAL - Expense Ratio Comparison
EMPB has a 1.82% expense ratio, which is higher than BTAL's 1.40% expense ratio.
Dividends
EMPB vs. BTAL - Dividend Comparison
EMPB's dividend yield for the trailing twelve months is around 0.77%, less than BTAL's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 2.92% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% |
EMPB Efficient Market Portfolio Plus ETF | 0.77% | 0.88% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMPB and BTAL have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (7.89%) compared to EMPB (3.75%). In terms of maximum drawdown, EMPB dropped -7.55% vs BTAL's -52.70%.
On 1-year performance, EMPB leads with 17.10% vs -25.47% for BTAL. On fees, BTAL is cheaper at 1.40% per year. On volatility, EMPB has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EMPB has performed better with a 17.10% return vs -25.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTAL is cheaper with a 1.40% expense ratio, compared with 1.82% for EMPB.
BTAL has the higher dividend yield at 2.92%, compared with 0.77% for EMPB.
EMPB is categorized as Long-Short, while BTAL is Equity Market Neutral. They also come from different issuers: NextGen EMP and AGF. Their fees differ too: 1.82% for EMPB and 1.40% for BTAL.
EMPB currently has the higher Sharpe Ratio (1.44 vs -1.00), 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 EMPB 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