TOLIX vs. BTAL
TOLIX (DWS RREEF Global Infrastructure Fund) and BTAL (AGF U.S. Market Neutral Anti-Beta Fund) are both funds - TOLIX is a Infrastructure Equities fund managed by DWS, while BTAL is a Equity Market Neutral fund actively managed by AGF. Over the past 10 years, TOLIX returned 6.34%/yr vs -4.41%/yr for BTAL. Their -0.24 correlation means they have often moved in opposite directions in the past. TOLIX charges 1.03%/yr vs 1.40%/yr for BTAL.
Performance
TOLIX vs. BTAL - Performance Comparison
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Returns By Period
In the year-to-date period, TOLIX achieves a 9.44% return, which is significantly higher than BTAL's -14.87% return. Over the past 10 years, TOLIX has outperformed BTAL with an annualized return of 6.34%, while BTAL has yielded a comparatively lower -4.41% annualized return.
TOLIX
- 1D
- 0.31%
- 1M
- 0.12%
- 6M
- 4.99%
- YTD
- 9.44%
- 1Y
- 11.48%
- 3Y*
- 11.50%
- 5Y*
- 6.30%
- 10Y*
- 6.34%
- ALL TIME*
- 7.56%
BTAL
- 1D
- -0.33%
- 1M
- 5.79%
- 6M
- -13.85%
- YTD
- -14.87%
- 1Y
- -25.47%
- 3Y*
- -8.33%
- 5Y*
- -4.14%
- 10Y*
- -4.41%
- ALL TIME*
- -3.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.19M | $8.38M | $8.16M | |
| $0.00 | $0.00 | $0.00 |
TOLIX vs. BTAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOLIX DWS RREEF Global Infrastructure Fund | 9.44% | 12.73% | 11.98% | 1.93% | -9.26% | 20.37% | -1.90% | 29.21% | -11.05% | 13.61% |
BTAL AGF U.S. Market Neutral Anti-Beta Fund | -14.87% | -20.17% | 12.83% | -15.11% | 20.48% | -6.81% | -13.86% | 1.07% | 15.13% | -2.13% |
Correlation
The correlation between TOLIX and BTAL is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | -0.24 |
The correlation between TOLIX and BTAL shifts across timeframes, from -0.24 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TOLIX vs. BTAL — Risk / Return Rank
TOLIX
BTAL
TOLIX vs. BTAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS RREEF Global Infrastructure Fund (TOLIX) 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.
| TOLIX | BTAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.85 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.69 | +2.73 |
| Martin ratioReturn relative to average drawdown | 4.53 | -1.25 | +5.78 |
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Drawdowns
TOLIX vs. BTAL - Drawdown Comparison
The maximum TOLIX drawdown since its inception was -42.68%, smaller than the maximum BTAL drawdown of -52.70%. Use the drawdown chart below to compare losses from any high point for TOLIX and BTAL.
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Drawdown Indicators
| TOLIX | BTAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.68% | -52.70% | +10.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.05% | -34.57% | +28.52% |
Max Drawdown (3Y)Largest decline over 3 years | -11.28% | -47.83% | +36.55% |
Max Drawdown (5Y)Largest decline over 5 years | -25.01% | -47.83% | +22.82% |
Max Drawdown (10Y)Largest decline over 10 years | -35.19% | -52.70% | +17.51% |
Current DrawdownCurrent decline from peak | -4.29% | -46.94% | +42.65% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -22.25% | +15.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 19.09% | -16.38% |
Volatility
TOLIX vs. BTAL - Volatility Comparison
The current volatility for DWS RREEF Global Infrastructure Fund (TOLIX) is 3.63%, while AGF U.S. Market Neutral Anti-Beta Fund (BTAL) has a volatility of 7.89%. This indicates that TOLIX 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
| TOLIX | BTAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 7.89% | -4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 17.97% | -8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 23.85% | -12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 19.39% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.89% | 17.47% | -1.58% |
TOLIX vs. BTAL - Expense Ratio Comparison
TOLIX has a 1.03% expense ratio, which is lower than BTAL's 1.40% expense ratio.
Dividends
TOLIX vs. BTAL - Dividend Comparison
TOLIX's dividend yield for the trailing twelve months is around 11.96%, more than BTAL's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTAL AGF U.S. Market Neutral Anti-Beta Fund | 2.92% | 2.49% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% |
TOLIX DWS RREEF Global Infrastructure Fund | 11.96% | 10.99% | 9.47% | 2.67% | 8.92% | 6.06% | 1.68% | 2.00% | 2.57% | 2.10% | 1.34% | 1.86% |
Frequently Asked Questions
TOLIX and BTAL have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTAL has higher volatility (7.89%) compared to TOLIX (3.63%). In terms of maximum drawdown, TOLIX dropped -42.68% vs BTAL's -52.70%.
TOLIX currently has the higher Sharpe Ratio (1.09 vs -1.00), 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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