HDG vs. BTAL
Compare and contrast key facts about ProShares Hedge Replication (HDG) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL).
HDG and BTAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDG is a passively managed fund by ProShares that tracks the performance of the Merrill Lynch Factor Model - Exchange Series. It was launched on Jul 12, 2011. 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 HDG 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: HDG or BTAL.
Correlation
The correlation between HDG and BTAL is -0.51. 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.
Performance
HDG vs. BTAL - Performance Comparison
Key characteristics
HDG:
1.20
BTAL:
0.25
HDG:
1.69
BTAL:
0.48
HDG:
1.22
BTAL:
1.05
HDG:
1.06
BTAL:
0.14
HDG:
7.99
BTAL:
0.78
HDG:
0.79%
BTAL:
5.02%
HDG:
5.25%
BTAL:
15.30%
HDG:
-15.31%
BTAL:
-38.36%
HDG:
-1.04%
BTAL:
-23.61%
Returns By Period
In the year-to-date period, HDG achieves a 0.26% return, which is significantly higher than BTAL's -2.16% return. Over the past 10 years, HDG has outperformed BTAL with an annualized return of 2.60%, while BTAL has yielded a comparatively lower -0.29% annualized return.
HDG
0.26%
-0.48%
1.12%
6.60%
2.54%
2.60%
BTAL
-2.16%
1.31%
-2.49%
2.36%
-2.16%
-0.29%
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HDG vs. BTAL - Expense Ratio Comparison
HDG has a 0.95% expense ratio, which is lower than BTAL's 2.11% expense ratio.
Risk-Adjusted Performance
HDG vs. BTAL — Risk-Adjusted Performance Rank
HDG
BTAL
HDG vs. BTAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Hedge Replication (HDG) 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
HDG vs. BTAL - Dividend Comparison
HDG's dividend yield for the trailing twelve months is around 3.49%, less than BTAL's 3.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HDG ProShares Hedge Replication | 3.49% | 3.50% | 3.48% | 0.39% | 0.00% | 0.08% | 1.09% | 0.52% | 0.00% | 0.00% | 0.00% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.57% | 3.49% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% |
Drawdowns
HDG vs. BTAL - Drawdown Comparison
The maximum HDG drawdown since its inception was -15.31%, smaller than the maximum BTAL drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for HDG and BTAL. For additional features, visit the drawdowns tool.
Volatility
HDG vs. BTAL - Volatility Comparison
The current volatility for ProShares Hedge Replication (HDG) is 1.34%, while AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a volatility of 5.01%. This indicates that HDG 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.