SCHK vs. BTAL
SCHK (Schwab 1000 Index ETF) and BTAL (AGF U.S. Market Neutral Anti-Beta Fund) are both exchange-traded funds - SCHK is a Large Cap Blend Equities fund tracking the Schwab 1000 Index, while BTAL is a Equity Market Neutral fund actively managed by AGF. SCHK is passively managed, while BTAL is actively managed. Over the past 5 years, SCHK returned 12.59%/yr vs -4.93%/yr for BTAL. At a correlation of -0.59, they often move in opposite directions. SCHK charges 0.03%/yr vs 1.40%/yr for BTAL.
Performance
SCHK vs. BTAL - Performance Comparison
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Returns By Period
In the year-to-date period, SCHK achieves a 10.97% return, which is significantly higher than BTAL's -17.44% return.
SCHK
- 1D
- -0.52%
- 1M
- 0.32%
- 6M
- 9.01%
- YTD
- 10.97%
- 1Y
- 21.52%
- 3Y*
- 19.89%
- 5Y*
- 12.59%
- 10Y*
- —
BTAL
- 1D
- 2.68%
- 1M
- 5.41%
- 6M
- -14.66%
- YTD
- -17.44%
- 1Y
- -28.44%
- 3Y*
- -9.44%
- 5Y*
- -4.93%
- 10Y*
- -4.73%
SCHK vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHK Schwab 1000 Index ETF | 10.97% | 17.23% | 24.48% | 26.63% | -19.51% | 26.17% | 20.75% | 31.31% | -5.09% | 5.24% |
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -17.44% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | 0.16% |
Correlation
The correlation between SCHK and BTAL is -0.77, 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 | -0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2017 | -0.59 |
The correlation between SCHK and BTAL shifts across timeframes, from -0.77 (1 year) to -0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SCHK vs. BTAL — Risk / Return Rank
SCHK
BTAL
SCHK vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1000 Index ETF (SCHK) 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.
| SCHK | BTAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.90 | ||
| Sortino ratioReturn per unit of downside risk | +4.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.81 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | -0.83 | +3.24 |
| Martin ratioReturn relative to average drawdown | 10.52 | -1.56 | +12.08 |
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Drawdowns
SCHK vs. BTAL - Drawdown Comparison
The maximum SCHK drawdown since its inception was -34.80%, smaller than the maximum BTAL drawdown of -52.70%. Use the drawdown chart below to compare losses from any high point for SCHK and BTAL.
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Drawdown Indicators
| SCHK | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.80% | -52.70% | +17.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.97% | -34.57% | +25.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -47.83% | +28.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -47.83% | +22.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.70% | — |
Current DrawdownCurrent decline from peak | -0.81% | -48.54% | +47.73% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -22.17% | +17.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 18.24% | -16.19% |
Volatility
SCHK vs. BTAL - Volatility Comparison
The current volatility for Schwab 1000 Index ETF (SCHK) is 3.35%, while AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a volatility of 7.79%. This indicates that SCHK 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
| SCHK | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 7.79% | -4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 17.46% | -7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 23.44% | -10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.35% | 19.27% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.07% | 17.39% | +1.68% |
SCHK vs. BTAL - Expense Ratio Comparison
SCHK has a 0.03% expense ratio, which is lower than BTAL's 1.40% expense ratio.
Dividends
SCHK vs. BTAL - Dividend Comparison
SCHK's dividend yield for the trailing twelve months is around 1.03%, less than BTAL's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 3.01% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% |
SCHK Schwab 1000 Index ETF | 1.03% | 1.09% | 1.20% | 1.38% | 1.57% | 1.17% | 1.58% | 1.82% | 1.80% | 0.31% |
Frequently Asked Questions
SCHK and BTAL have a correlation of -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (7.79%) compared to SCHK (3.35%). In terms of maximum drawdown, SCHK dropped -34.80% vs BTAL's -52.70%.
On 5-year performance, SCHK leads with 12.59% vs -4.93% for BTAL. On fees, SCHK is cheaper at 0.03% per year. On volatility, SCHK has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHK has performed better with a 12.59% return vs -4.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHK is cheaper with a 0.03% expense ratio, compared with 1.40% for BTAL.
BTAL has the higher dividend yield at 3.01%, compared with 1.03% for SCHK.
SCHK is categorized as Large Cap Blend Equities, while BTAL is Equity Market Neutral. They also come from different issuers: Charles Schwab and AGF. Their fees differ too: 0.03% for SCHK and 1.40% for BTAL.
SCHK currently has the higher Sharpe Ratio (1.68 vs -1.22), 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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