QBTL.TO vs. QIF.NEO
QBTL.TO (AGF US Market Neutral Anti-Beta CAD-Hedged ETF) and QIF.NEO (AGF Systematic Global Infrastructure ETF) are both exchange-traded funds - QBTL.TO is a Equity Market Neutral fund actively managed by AGF, while QIF.NEO is a Industrials Equities fund actively managed by AGF. Both are actively managed. Over the past 5 years, QBTL.TO returned -6.18%/yr vs 11.27%/yr for QIF.NEO. At a correlation of -0.17, they often move in opposite directions.
Performance
QBTL.TO vs. QIF.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, QBTL.TO achieves a -19.48% return, which is significantly lower than QIF.NEO's 13.73% return.
QBTL.TO
- 1D
- 0.16%
- 1M
- 4.28%
- 6M
- -16.45%
- YTD
- -19.48%
- 1Y
- -31.52%
- 3Y*
- -11.05%
- 5Y*
- -6.18%
- 10Y*
- —
QIF.NEO
- 1D
- -0.49%
- 1M
- -0.40%
- 6M
- 10.78%
- YTD
- 13.73%
- 1Y
- 22.63%
- 3Y*
- 17.37%
- 5Y*
- 11.27%
- 10Y*
- —
QBTL.TO vs. QIF.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QBTL.TO AGF US Market Neutral Anti-Beta CAD-Hedged ETF | -19.48% | -21.84% | 12.22% | -15.56% | 21.08% | -8.37% | -12.51% | -7.06% |
QIF.NEO AGF Systematic Global Infrastructure ETF | 13.73% | 14.80% | 21.37% | 4.72% | -2.67% | 20.54% | -8.96% | 1.46% |
Correlation
The correlation between QBTL.TO and QIF.NEO is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2019 | -0.17 |
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Return for Risk
QBTL.TO vs. QIF.NEO — Risk / Return Rank
QBTL.TO
QIF.NEO
QBTL.TO vs. QIF.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AGF US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL.TO) and AGF Systematic Global Infrastructure ETF (QIF.NEO). 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.
| QBTL.TO | QIF.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.69 | ||
| Sortino ratioReturn per unit of downside risk | -5.26 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.43 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 4.89 | -5.76 |
| Martin ratioReturn relative to average drawdown | -1.64 | 13.28 | -14.93 |
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Drawdowns
QBTL.TO vs. QIF.NEO - Drawdown Comparison
The maximum QBTL.TO drawdown since its inception was -54.72%, which is greater than QIF.NEO's maximum drawdown of -30.71%. Use the drawdown chart below to compare losses from any high point for QBTL.TO and QIF.NEO.
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Drawdown Indicators
| QBTL.TO | QIF.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.72% | -30.71% | -24.01% |
Max Drawdown (1Y)Largest decline over 1 year | -36.08% | -4.67% | -31.41% |
Max Drawdown (3Y)Largest decline over 3 years | -49.31% | -10.29% | -39.02% |
Max Drawdown (5Y)Largest decline over 5 years | -49.31% | -15.54% | -33.77% |
Current DrawdownCurrent decline from peak | -51.54% | -2.34% | -49.20% |
Average DrawdownAverage peak-to-trough decline | -25.15% | -4.33% | -20.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.19% | 1.71% | +17.48% |
Volatility
QBTL.TO vs. QIF.NEO - Volatility Comparison
AGF US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL.TO) has a higher volatility of 6.16% compared to AGF Systematic Global Infrastructure ETF (QIF.NEO) at 2.29%. This indicates that QBTL.TO's price experiences larger fluctuations and is considered to be riskier than QIF.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QBTL.TO | QIF.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 2.29% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 17.78% | 7.76% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.54% | 9.72% | +13.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.77% | 11.66% | +8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 14.78% | +5.18% |
Dividends
QBTL.TO vs. QIF.NEO - Dividend Comparison
QBTL.TO has not paid dividends to shareholders, while QIF.NEO's dividend yield for the trailing twelve months is around 5.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QBTL.TO AGF US Market Neutral Anti-Beta CAD-Hedged ETF | 0.00% | 0.00% | 0.00% | 0.00% | 3.09% | 0.00% | 6.68% | 0.16% | 0.00% |
QIF.NEO AGF Systematic Global Infrastructure ETF | 5.14% | 5.32% | 4.60% | 3.61% | 3.22% | 3.05% | 3.12% | 3.16% | 2.24% |
Frequently Asked Questions
QBTL.TO and QIF.NEO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBTL.TO is categorized as Equity Market Neutral, while QIF.NEO is Industrials Equities.
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