TAIL vs. BTAL
Compare and contrast key facts about Cambria Tail Risk ETF (TAIL) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL).
TAIL and BTAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAIL is an actively managed fund by Cambria. It was launched on Apr 6, 2017. BTAL is a passively managed fund by AGF that tracks the performance of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Total Return Index. It was launched on Sep 13, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TAIL or BTAL.
Key characteristics
| TAIL | BTAL | |
|---|---|---|
| YTD Return | -10.01% | 13.98% |
| 1Y Return | -7.57% | -0.37% |
| 3Y Return (Ann) | -12.37% | 7.84% |
| 5Y Return (Ann) | -9.20% | -2.04% |
| Sharpe Ratio | -0.66 | -0.14 |
| Sortino Ratio | -0.94 | -0.08 |
| Omega Ratio | 0.89 | 0.99 |
| Calmar Ratio | -0.15 | -0.07 |
| Martin Ratio | -1.17 | -0.43 |
| Ulcer Index | 6.81% | 5.45% |
| Daily Std Dev | 11.96% | 16.74% |
| Max Drawdown | -51.27% | -38.36% |
| Current Drawdown | -51.27% | -21.13% |
Correlation
The correlation between TAIL and BTAL is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TAIL vs. BTAL - Performance Comparison
In the year-to-date period, TAIL achieves a -10.01% return, which is significantly lower than BTAL's 13.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TAIL vs. BTAL - Expense Ratio Comparison
TAIL has a 0.59% expense ratio, which is lower than BTAL's 2.11% expense ratio.
Risk-Adjusted Performance
TAIL vs. BTAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Tail Risk ETF (TAIL) 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.
Dividends
TAIL vs. BTAL - Dividend Comparison
TAIL's dividend yield for the trailing twelve months is around 3.59%, less than BTAL's 5.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
TAIL Cambria Tail Risk ETF | 3.59% | 3.73% | 1.50% | 0.49% | 0.36% | 1.58% | 1.52% | 0.91% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 5.39% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% |
Drawdowns
TAIL vs. BTAL - Drawdown Comparison
The maximum TAIL drawdown since its inception was -51.27%, which is greater than BTAL's maximum drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for TAIL and BTAL. For additional features, visit the drawdowns tool.
Volatility
TAIL vs. BTAL - Volatility Comparison
The current volatility for Cambria Tail Risk ETF (TAIL) is 3.65%, while AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a volatility of 3.92%. This indicates that TAIL 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.