FFLS vs. BTAL
Compare and contrast key facts about The Future Fund Long/Short ETF (FFLS) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL).
FFLS and BTAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FFLS is an actively managed fund by The Future Fund. It was launched on Jun 20, 2023. 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.
Performance
FFLS vs. BTAL - Performance Comparison
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FFLS vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FFLS The Future Fund Long/Short ETF | -5.65% | 7.49% | 17.71% | 2.03% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | -2.99% | -20.17% | 12.83% | -6.80% |
Returns By Period
In the year-to-date period, FFLS achieves a -5.65% return, which is significantly lower than BTAL's -2.99% return.
FFLS
- 1D
- 1.08%
- 1M
- -2.66%
- YTD
- -5.65%
- 6M
- -8.08%
- 1Y
- -0.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTAL
- 1D
- -2.72%
- 1M
- -0.85%
- YTD
- -2.99%
- 6M
- -10.10%
- 1Y
- -31.33%
- 3Y*
- -8.29%
- 5Y*
- -1.50%
- 10Y*
- -3.16%
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FFLS vs. BTAL - Expense Ratio Comparison
FFLS has a 1.75% expense ratio, which is lower than BTAL's 2.11% expense ratio.
Return for Risk
FFLS vs. BTAL — Risk / Return Rank
FFLS
BTAL
FFLS vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Future Fund Long/Short ETF (FFLS) 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.
| FFLS | BTAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.00 | -1.40 | +1.40 |
Sortino ratioReturn per unit of downside risk | 0.06 | -2.13 | +2.19 |
Omega ratioGain probability vs. loss probability | 1.01 | 0.77 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.88 | +0.86 |
Martin ratioReturn relative to average drawdown | -0.06 | -1.20 | +1.14 |
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
| FFLS | BTAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.00 | -1.40 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.08 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | -0.17 | +0.83 |
Correlation
The correlation between FFLS and BTAL is -0.50. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FFLS vs. BTAL - Dividend Comparison
FFLS's dividend yield for the trailing twelve months is around 6.97%, more than BTAL's 2.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FFLS The Future Fund Long/Short ETF | 6.97% | 6.58% | 3.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 2.56% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% |
Drawdowns
FFLS vs. BTAL - Drawdown Comparison
The maximum FFLS drawdown since its inception was -11.05%, smaller than the maximum BTAL drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for FFLS and BTAL.
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Drawdown Indicators
| FFLS | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.05% | -41.01% | +29.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -34.94% | +23.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.01% | — |
Current DrawdownCurrent decline from peak | -10.09% | -39.53% | +29.44% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -21.67% | +18.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 25.64% | -21.46% |
Volatility
FFLS vs. BTAL - Volatility Comparison
The current volatility for The Future Fund Long/Short ETF (FFLS) is 3.06%, while AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a volatility of 6.87%. This indicates that FFLS 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.
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Volatility by Period
| FFLS | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 6.87% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 6.27% | 15.84% | -9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.24% | 22.51% | -13.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 18.36% | -7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 17.04% | -5.85% |