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 0.03, 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
HICOX vs. BTAL - Performance Comparison
Key characteristics
HICOX:
1.34
BTAL:
0.74
HICOX:
1.76
BTAL:
1.23
HICOX:
1.33
BTAL:
1.14
HICOX:
1.45
BTAL:
0.56
HICOX:
7.49
BTAL:
2.33
HICOX:
0.71%
BTAL:
6.06%
HICOX:
3.97%
BTAL:
19.17%
HICOX:
-8.07%
BTAL:
-38.36%
HICOX:
-2.67%
BTAL:
-11.99%
Returns By Period
In the year-to-date period, HICOX achieves a -0.95% return, which is significantly lower than BTAL's 12.72% return. Over the past 10 years, HICOX has outperformed BTAL with an annualized return of 4.00%, while BTAL has yielded a comparatively lower 2.06% annualized return.
HICOX
-0.95%
-2.25%
-0.36%
5.30%
4.38%
4.00%
BTAL
12.72%
2.06%
9.99%
13.40%
-2.25%
2.06%
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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 5.15%, more than BTAL's 3.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HICOX Colorado Bond Shares A Tax Exempt Fund | 5.15% | 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 | 3.10% | 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 2.85%, while AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a volatility of 10.41%. 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.