TOLZ vs. BTAL
Compare and contrast key facts about ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and AGFiQ US Market Neutral Anti-Beta Fund (BTAL).
TOLZ and BTAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOLZ is a passively managed fund by ProShares that tracks the performance of the Dow Jones Brookfield Global Infrastructure Composite Index. It was launched on Mar 25, 2014. 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. Both TOLZ and BTAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOLZ or BTAL.
Key characteristics
| TOLZ | BTAL | |
|---|---|---|
| YTD Return | 13.55% | 13.75% |
| 1Y Return | 20.12% | 0.59% |
| 3Y Return (Ann) | 5.87% | 7.89% |
| 5Y Return (Ann) | 5.67% | -2.07% |
| 10Y Return (Ann) | 4.77% | 0.52% |
| Sharpe Ratio | 1.82 | -0.03 |
| Sortino Ratio | 2.55 | 0.07 |
| Omega Ratio | 1.33 | 1.01 |
| Calmar Ratio | 1.86 | -0.02 |
| Martin Ratio | 9.00 | -0.11 |
| Ulcer Index | 2.26% | 5.18% |
| Daily Std Dev | 11.20% | 16.63% |
| Max Drawdown | -39.33% | -38.36% |
| Current Drawdown | -1.93% | -21.29% |
Correlation
The correlation between TOLZ and BTAL is -0.31. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TOLZ vs. BTAL - Performance Comparison
The year-to-date returns for both investments are quite close, with TOLZ having a 13.55% return and BTAL slightly higher at 13.75%. Over the past 10 years, TOLZ has outperformed BTAL with an annualized return of 4.77%, while BTAL has yielded a comparatively lower 0.52% annualized 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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TOLZ vs. BTAL - Expense Ratio Comparison
TOLZ has a 0.46% expense ratio, which is lower than BTAL's 2.11% expense ratio.
Risk-Adjusted Performance
TOLZ vs. BTAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) 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
TOLZ vs. BTAL - Dividend Comparison
TOLZ's dividend yield for the trailing twelve months is around 3.44%, less than BTAL's 5.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TOLZ ProShares DJ Brookfield Global Infrastructure ETF | 3.44% | 3.34% | 3.00% | 3.28% | 3.17% | 2.96% | 3.63% | 3.30% | 2.96% | 4.52% | 2.03% |
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 5.40% | 6.14% | 1.00% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TOLZ vs. BTAL - Drawdown Comparison
The maximum TOLZ drawdown since its inception was -39.33%, roughly equal to the maximum BTAL drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for TOLZ and BTAL. For additional features, visit the drawdowns tool.
Volatility
TOLZ vs. BTAL - Volatility Comparison
The current volatility for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) is 3.17%, while AGFiQ US Market Neutral Anti-Beta Fund (BTAL) has a volatility of 3.87%. This indicates that TOLZ 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.