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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HICOX or BTAL.
Correlation
The correlation between HICOX and BTAL is -0.01. 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
HICOX vs. BTAL - Performance Comparison
Key characteristics
HICOX:
1.25
BTAL:
0.39
HICOX:
1.76
BTAL:
0.90
HICOX:
1.32
BTAL:
1.10
HICOX:
1.47
BTAL:
0.39
HICOX:
5.74
BTAL:
1.59
HICOX:
0.94%
BTAL:
6.21%
HICOX:
4.03%
BTAL:
19.45%
HICOX:
-8.07%
BTAL:
-38.36%
HICOX:
-2.07%
BTAL:
-16.56%
Returns By Period
In the year-to-date period, HICOX achieves a -0.33% return, which is significantly lower than BTAL's 6.87% return. Over the past 10 years, HICOX has outperformed BTAL with an annualized return of 4.09%, while BTAL has yielded a comparatively lower 1.18% annualized return.
HICOX
-0.33%
0.57%
0.83%
5.01%
4.47%
4.09%
BTAL
6.87%
-6.22%
5.41%
7.58%
-2.62%
1.18%
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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.
Risk-Adjusted Performance
HICOX vs. BTAL — Risk-Adjusted Performance Rank
HICOX
BTAL
HICOX vs. BTAL - Risk-Adjusted Performance 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.
Dividends
HICOX vs. BTAL - Dividend Comparison
HICOX's dividend yield for the trailing twelve months is around 5.51%, more than BTAL's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 5.51% | 5.44% | 4.97% | 4.43% | 3.84% | 4.00% | 4.07% | 4.03% | 4.69% | 4.73% | 4.13% | 4.79% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.27% | 3.49% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HICOX vs. BTAL - Drawdown Comparison
The maximum HICOX drawdown since its inception was -8.07%, smaller than the maximum BTAL drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for HICOX and BTAL. For additional features, visit the drawdowns tool.
Volatility
HICOX vs. BTAL - Volatility Comparison
The current volatility for Colorado Bond Shares A Tax Exempt Fund (HICOX) is 2.09%, while AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a volatility of 7.83%. 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.