EUO vs. BTAL
Compare and contrast key facts about ProShares UltraShort Euro (EUO) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL).
EUO and BTAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EUO is a passively managed fund by ProShares that tracks the performance of the USD/EUR Exchange Rate (-200%). It was launched on Nov 25, 2008. BTAL is a passively managed fund by AGF that tracks the performance of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index. It was launched on Sep 13, 2011. Both EUO and BTAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EUO or BTAL.
Key characteristics
| EUO | BTAL | |
|---|---|---|
| YTD Return | 7.24% | 10.80% |
| 1Y Return | 10.50% | -5.54% |
| 3Y Return (Ann) | 10.43% | 6.11% |
| 5Y Return (Ann) | 3.84% | -0.87% |
| 10Y Return (Ann) | 6.59% | 0.42% |
| Sharpe Ratio | 0.84 | -0.34 |
| Daily Std Dev | 13.54% | 16.48% |
| Max Drawdown | -38.58% | -38.36% |
| Current Drawdown | -13.91% | -23.33% |
Correlation
The correlation between EUO and BTAL is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EUO vs. BTAL - Performance Comparison
In the year-to-date period, EUO achieves a 7.24% return, which is significantly lower than BTAL's 10.80% return. Over the past 10 years, EUO has outperformed BTAL with an annualized return of 6.59%, while BTAL has yielded a comparatively lower 0.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EUO vs. BTAL - Expense Ratio Comparison
EUO has a 0.99% expense ratio, which is lower than BTAL's 2.11% expense ratio.
Risk-Adjusted Performance
EUO vs. BTAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Euro (EUO) and AGFiQ US 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.
Dividends
EUO vs. BTAL - Dividend Comparison
EUO has not paid dividends to shareholders, while BTAL's dividend yield for the trailing twelve months is around 5.54%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
EUO ProShares UltraShort Euro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 5.54% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% |
Drawdowns
EUO vs. BTAL - Drawdown Comparison
The maximum EUO drawdown since its inception was -38.58%, roughly equal to the maximum BTAL drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for EUO and BTAL. For additional features, visit the drawdowns tool.
Volatility
EUO vs. BTAL - Volatility Comparison
The current volatility for ProShares UltraShort Euro (EUO) is 3.55%, while AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a volatility of 4.81%. This indicates that EUO 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.