MPAA vs. BTAL

Last updated Jun 3, 2026

MPAA (Motorcar Parts of America, Inc.) is a stock, while BTAL (AGFiQ US Market Neutral Anti-Beta Fund) is Long-Short fund tracking the Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index. Over the past 10 years, MPAA returned -9.49%/yr vs -4.80%/yr for BTAL. At a correlation of -0.31, they often move in opposite directions.

Performance

MPAA vs. BTAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Motorcar Parts of America, Inc. (MPAA) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPAA achieves a -13.21% return, which is significantly higher than BTAL's -20.22% return. Over the past 10 years, MPAA has underperformed BTAL with an annualized return of -9.49%, while BTAL has yielded a comparatively higher -4.80% annualized return.

MPAA

• 1D: 0.94%
• 1M: -4.72%
• YTD: -13.21%
• 6M: -16.65%
• 1Y: -5.47%
• 3Y*: 24.05%
• 5Y*: -14.92%
• 10Y*: -9.49%

BTAL

• 1D: -1.46%
• 1M: -7.27%
• YTD: -20.22%
• 6M: -20.85%
• 1Y: -38.09%
• 3Y*: -12.84%
• 5Y*: -4.71%
• 10Y*: -4.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MPAA vs. BTAL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPAA Motorcar Parts of America, Inc.	-13.21%	62.37%	-18.63%	-21.25%	-30.52%	-13.00%	-10.94%	32.39%	-33.41%	-7.17%
BTAL AGFiQ US Market Neutral Anti-Beta Fund	-20.22%	-20.17%	12.83%	-15.11%	20.48%	-6.81%	-13.86%	1.07%	15.13%	-2.13%

Correlation

The correlation between MPAA and BTAL is -0.34, 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	-0.34
Correlation (3Y) Calculated over the trailing 3-year period	-0.32
Correlation (5Y) Calculated over the trailing 5-year period	-0.34
Correlation (10Y) Calculated over the trailing 10-year period	-0.35
Correlation (All Time) Calculated using the full available price history since Sep 14, 2011	-0.31

Return for Risk

MPAA vs. BTAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MPAA

MPAA Risk / Return Rank: 37
MPAA Sharpe Ratio Rank: 36
MPAA Sortino Ratio Rank: 36
MPAA Omega Ratio Rank: 38
MPAA Calmar Ratio Rank: 37
MPAA Martin Ratio Rank: 37

BTAL

BTAL Risk / Return Rank: 0
BTAL Sharpe Ratio Rank: 0
BTAL Sortino Ratio Rank: 0
BTAL Omega Ratio Rank: 0
BTAL Calmar Ratio Rank: 0
BTAL Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MPAA vs. BTAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Motorcar Parts of America, Inc. (MPAA) 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.

	MPAA	BTAL	Difference
Sharpe ratio Return per unit of total volatility	-0.09	-1.77	+1.68
Sortino ratio Return per unit of downside risk	0.31	-2.80	+3.10
Omega ratio Gain probability vs. loss probability	1.05	0.71	+0.33
Calmar ratio Return relative to maximum drawdown	-0.08	-1.02	+0.94
Martin ratio Return relative to average drawdown	-0.15	-1.76	+1.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPAA vs. BTAL - Sharpe Ratio Comparison

The current MPAA Sharpe Ratio is -0.09, which is higher than the BTAL Sharpe Ratio of -1.77. The chart below compares the historical Sharpe Ratios of MPAA and BTAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MPAA	BTAL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	-1.77	+1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	-0.25	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.17	-0.28	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	-0.24	+0.26

Drawdowns

MPAA vs. BTAL - Drawdown Comparison

The maximum MPAA drawdown since its inception was -97.82%, which is greater than BTAL's maximum drawdown of -50.28%. Use the drawdown chart below to compare losses from any high point for MPAA and BTAL.

Drawdown Indicators

	MPAA	BTAL	Difference
Max Drawdown Largest peak-to-trough decline	-97.82%	-50.28%	-47.54%
Max Drawdown (1Y) Largest decline over 1 year	-46.31%	-37.50%	-8.81%
Max Drawdown (3Y) Largest decline over 3 years	-53.34%	-45.16%	-8.18%
Max Drawdown (5Y) Largest decline over 5 years	-82.71%	-45.16%	-37.55%
Max Drawdown (10Y) Largest decline over 10 years	-86.63%	-50.28%	-36.35%
Current Drawdown Current decline from peak	-73.39%	-50.28%	-23.11%
Average Drawdown Average peak-to-trough decline	-51.31%	-21.95%	-29.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.07%	22.09%	+3.98%

Volatility

MPAA vs. BTAL - Volatility Comparison

Motorcar Parts of America, Inc. (MPAA) has a higher volatility of 9.80% compared to AGFiQ US Market Neutral Anti-Beta Fund (BTAL) at 7.47%. This indicates that MPAA's price experiences larger fluctuations and is considered to be riskier than BTAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPAA	BTAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.80%	7.47%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	33.34%	15.35%	+17.99%
Volatility (1Y) Calculated over the trailing 1-year period	61.52%	21.60%	+39.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.97%	18.75%	+42.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.46%	17.24%	+37.22%

Dividends

MPAA vs. BTAL - Dividend Comparison

MPAA has not paid dividends to shareholders, while BTAL's dividend yield for the trailing twelve months is around 3.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BTAL AGFiQ US Market Neutral Anti-Beta Fund	3.12%	2.49%	3.49%	6.14%	1.01%	0.00%	0.00%	0.88%	0.39%
MPAA Motorcar Parts of America, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MPAA and BTAL in my portfolio?

MPAA and BTAL have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPAA or BTAL?

MPAA has higher volatility (9.80%) compared to BTAL (7.47%). In terms of maximum drawdown, MPAA dropped -97.82% vs BTAL's -50.28%.

Which has better risk-adjusted returns?

MPAA currently has the higher Sharpe Ratio (-0.09 vs -1.77), 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.