IDUB vs. BTAL
IDUB (Aptus International Enhanced Yield ETF) and BTAL (AGF U.S. Market Neutral Anti-Beta Fund) are both exchange-traded funds - IDUB is a Long-Short fund actively managed by Aptus, while BTAL is a Equity Market Neutral fund actively managed by AGF. Both are actively managed. Over the past 3 years, IDUB returned 15.95%/yr vs -9.69%/yr for BTAL. At a correlation of -0.58, they often move in opposite directions. IDUB charges 0.45%/yr vs 1.40%/yr for BTAL.
Performance
IDUB vs. BTAL - Performance Comparison
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Returns By Period
In the year-to-date period, IDUB achieves a 14.07% return, which is significantly higher than BTAL's -17.58% return.
IDUB
- 1D
- -1.71%
- 1M
- -1.16%
- 6M
- 9.74%
- YTD
- 14.07%
- 1Y
- 27.23%
- 3Y*
- 15.95%
- 5Y*
- —
- 10Y*
- —
BTAL
- 1D
- 1.98%
- 1M
- 3.22%
- 6M
- -14.80%
- YTD
- -17.58%
- 1Y
- -28.86%
- 3Y*
- -9.69%
- 5Y*
- -4.64%
- 10Y*
- -4.85%
IDUB vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IDUB Aptus International Enhanced Yield ETF | 14.07% | 27.53% | 6.12% | 9.07% | -19.79% | -1.16% |
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -17.58% | -20.17% | 12.83% | -15.11% | 20.48% | 3.01% |
Correlation
The correlation between IDUB and BTAL is -0.65, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2021 | -0.58 |
The correlation between IDUB and BTAL has been stable across timeframes, ranging from -0.65 to -0.57 - a consistent structural relationship.
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Return for Risk
IDUB vs. BTAL — Risk / Return Rank
IDUB
BTAL
IDUB vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus International Enhanced Yield ETF (IDUB) and AGF U.S. 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IDUB | BTAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.90 | ||
| Sortino ratioReturn per unit of downside risk | +4.16 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.81 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | -0.84 | +3.22 |
| Martin ratioReturn relative to average drawdown | 9.23 | -1.61 | +10.84 |
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Drawdowns
IDUB vs. BTAL - Drawdown Comparison
The maximum IDUB drawdown since its inception was -29.20%, smaller than the maximum BTAL drawdown of -52.70%. Use the drawdown chart below to compare losses from any high point for IDUB and BTAL.
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Drawdown Indicators
| IDUB | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.20% | -52.70% | +23.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -34.61% | +23.15% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | -47.83% | +34.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.70% | — |
Current DrawdownCurrent decline from peak | -2.92% | -48.63% | +45.71% |
Average DrawdownAverage peak-to-trough decline | -10.97% | -22.15% | +11.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 18.00% | -15.04% |
Volatility
IDUB vs. BTAL - Volatility Comparison
The current volatility for Aptus International Enhanced Yield ETF (IDUB) is 5.53%, while AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a volatility of 8.77%. This indicates that IDUB 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
| IDUB | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 8.77% | -3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 17.19% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 23.28% | -6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 19.23% | -4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.80% | 17.36% | -2.56% |
IDUB vs. BTAL - Expense Ratio Comparison
IDUB has a 0.45% expense ratio, which is lower than BTAL's 1.40% expense ratio.
Dividends
IDUB vs. BTAL - Dividend Comparison
IDUB's dividend yield for the trailing twelve months is around 4.64%, more than BTAL's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 3.02% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% |
IDUB Aptus International Enhanced Yield ETF | 4.64% | 4.90% | 5.64% | 3.71% | 2.62% | 1.38% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDUB and BTAL have a correlation of -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (8.77%) compared to IDUB (5.53%). In terms of maximum drawdown, IDUB dropped -29.20% vs BTAL's -52.70%.
On 3-year performance, IDUB leads with 15.95% vs -9.69% for BTAL. On fees, IDUB is cheaper at 0.45% per year. On volatility, IDUB has been the lower-risk option at 5.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IDUB has performed better with a 15.95% return vs -9.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDUB is cheaper with a 0.45% expense ratio, compared with 1.40% for BTAL.
IDUB has the higher dividend yield at 4.64%, compared with 3.02% for BTAL.
IDUB is categorized as Long-Short, while BTAL is Equity Market Neutral. They also come from different issuers: Aptus and AGF. Their fees differ too: 0.45% for IDUB and 1.40% for BTAL.
IDUB currently has the higher Sharpe Ratio (1.65 vs -1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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