HICOX vs. BTAL
Compare and contrast key facts about Colorado Bond Shares A Tax Exempt Fund (HICOX) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL).
HICOX is managed by Freedom Funds. It was launched on Jun 3, 1987. 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
HICOX vs. BTAL - Performance Comparison
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HICOX vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 0.72% | 4.36% | 8.64% | 5.10% | -6.14% | 4.44% | 4.69% | 6.42% | 4.64% | 5.63% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | -4.03% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -2.13% |
Returns By Period
In the year-to-date period, HICOX achieves a 0.72% return, which is significantly higher than BTAL's -4.03% return. Over the past 10 years, HICOX has outperformed BTAL with an annualized return of 4.03%, while BTAL has yielded a comparatively lower -3.26% annualized return.
HICOX
- 1D
- 0.34%
- 1M
- -0.76%
- YTD
- 0.72%
- 6M
- 2.56%
- 1Y
- 5.36%
- 3Y*
- 5.71%
- 5Y*
- 2.94%
- 10Y*
- 4.03%
BTAL
- 1D
- -1.07%
- 1M
- -1.50%
- YTD
- -4.03%
- 6M
- -9.59%
- 1Y
- -31.80%
- 3Y*
- -8.62%
- 5Y*
- -1.72%
- 10Y*
- -3.26%
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HICOX vs. BTAL - Expense Ratio Comparison
HICOX has a 0.55% expense ratio, which is lower than BTAL's 2.11% expense ratio.
Return for Risk
HICOX vs. BTAL — Risk / Return Rank
HICOX
BTAL
HICOX vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Colorado Bond Shares A Tax Exempt Fund (HICOX) 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.
| HICOX | BTAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | -1.42 | +2.80 |
Sortino ratioReturn per unit of downside risk | 1.78 | -2.16 | +3.94 |
Omega ratioGain probability vs. loss probability | 1.48 | 0.77 | +0.71 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | -0.92 | +2.31 |
Martin ratioReturn relative to average drawdown | 6.74 | -1.25 | +7.99 |
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
| HICOX | BTAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | -1.42 | +2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | -0.09 | +0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.31 | -0.19 | +1.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | -0.17 | +1.78 |
Correlation
The correlation between HICOX and BTAL is 0.01, 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.
Dividends
HICOX vs. BTAL - Dividend Comparison
HICOX's dividend yield for the trailing twelve months is around 5.17%, more than BTAL's 2.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 5.17% | 3.98% | 6.34% | 2.53% | 2.85% | 3.60% | 3.64% | 4.11% | 4.54% | 4.56% | 5.49% | 4.32% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 2.59% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% |
Drawdowns
HICOX vs. BTAL - Drawdown Comparison
The maximum HICOX drawdown since its inception was -11.00%, smaller than the maximum BTAL drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for HICOX and BTAL.
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Drawdown Indicators
| HICOX | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.00% | -41.01% | +30.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -34.94% | +31.27% |
Max Drawdown (5Y)Largest decline over 5 years | -9.66% | -34.94% | +25.28% |
Max Drawdown (10Y)Largest decline over 10 years | -9.66% | -41.01% | +31.35% |
Current DrawdownCurrent decline from peak | -0.76% | -40.18% | +39.42% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -21.67% | +19.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 25.73% | -24.97% |
Volatility
HICOX vs. BTAL - Volatility Comparison
The current volatility for Colorado Bond Shares A Tax Exempt Fund (HICOX) is 0.93%, while AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a volatility of 6.72%. This indicates that HICOX 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
| HICOX | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 6.72% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 15.84% | -14.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 22.50% | -18.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.53% | 18.36% | -14.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.09% | 17.04% | -13.95% |