NECB vs. BTAL
NECB (Northeast Community Bancorp, Inc.) is a stock, while BTAL (AGF U.S. Market Neutral Anti-Beta Fund) is Equity Market Neutral fund actively managed by AGF. Over the past 10 years, NECB returned 21.59%/yr vs -4.60%/yr for BTAL. At a correlation of -0.13, they often move in opposite directions.
Performance
NECB vs. BTAL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NECB achieves a 21.49% return, which is significantly higher than BTAL's -15.84% return. Over the past 10 years, NECB has outperformed BTAL with an annualized return of 21.59%, while BTAL has yielded a comparatively lower -4.60% annualized return.
NECB
- 1D
- 0.94%
- 1M
- 4.91%
- 6M
- 18.43%
- YTD
- 21.49%
- 1Y
- 21.09%
- 3Y*
- 23.35%
- 5Y*
- 24.33%
- 10Y*
- 21.59%
- ALL TIME*
- 8.18%
BTAL
- 1D
- 0.00%
- 1M
- 10.49%
- 6M
- -12.25%
- YTD
- -15.84%
- 1Y
- -25.57%
- 3Y*
- -9.44%
- 5Y*
- -4.30%
- 10Y*
- -4.60%
- ALL TIME*
- -3.86%
NECB vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NECB Northeast Community Bancorp, Inc. | 21.49% | -3.51% | 41.77% | 20.41% | 38.91% | 10.09% | 16.28% | 9.72% | 11.13% | 29.67% |
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -15.84% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -2.13% |
Correlation
The correlation between NECB and BTAL is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | -0.13 |
The correlation between NECB and BTAL shifts across timeframes, from -0.27 (3 years) to -0.13 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NECB vs. BTAL — Risk / Return Rank
NECB
BTAL
NECB vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northeast Community Bancorp, Inc. (NECB) 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.
| NECB | BTAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.83 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | -0.74 | +2.11 |
| Martin ratioReturn relative to average drawdown | 2.89 | -1.39 | +4.28 |
Loading charts...
Drawdowns
NECB vs. BTAL - Drawdown Comparison
The maximum NECB drawdown since its inception was -61.91%, which is greater than BTAL's maximum drawdown of -52.70%. Use the drawdown chart below to compare losses from any high point for NECB and BTAL.
Loading charts...
Drawdown Indicators
| NECB | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.91% | -52.70% | -9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -15.49% | -34.57% | +19.08% |
Max Drawdown (3Y)Largest decline over 3 years | -34.54% | -47.83% | +13.29% |
Max Drawdown (5Y)Largest decline over 5 years | -34.54% | -47.83% | +13.29% |
Max Drawdown (10Y)Largest decline over 10 years | -47.80% | -52.70% | +4.90% |
Current DrawdownCurrent decline from peak | -7.83% | -47.55% | +39.72% |
Average DrawdownAverage peak-to-trough decline | -24.78% | -22.19% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.32% | 18.40% | -11.08% |
Volatility
NECB vs. BTAL - Volatility Comparison
Northeast Community Bancorp, Inc. (NECB) and AGF U.S. Market Neutral Anti-Beta Fund (BTAL) have volatilities of 8.28% and 7.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NECB | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.28% | 7.95% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 17.50% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.83% | 23.51% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.99% | 19.27% | +5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 17.40% | +11.73% |
Dividends
NECB vs. BTAL - Dividend Comparison
NECB's dividend yield for the trailing twelve months is around 3.92%, more than BTAL's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 2.96% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% |
NECB Northeast Community Bancorp, Inc. | 3.92% | 4.20% | 2.29% | 1.01% | 2.82% | 1.82% | 1.09% | 1.00% | 1.08% | 1.19% | 1.52% | 1.69% |
Frequently Asked Questions
NECB and BTAL have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NECB has higher volatility (8.28%) compared to BTAL (7.95%). In terms of maximum drawdown, NECB dropped -61.91% vs BTAL's -52.70%.
NECB currently has the higher Sharpe Ratio (0.79 vs -1.09), 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.
Find the right allocation for NECB and BTAL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer