AGFiQ U.S. Market Neutral Anti-Beta Fund

10-Year Study

BTAL.US · · US · ETF

Executive Summary: AGFiQ U.S. Market Neutral Anti-Beta Fund has compounded at -3.7% annually over the last 10 years, with a maximum drawdown of 43.1% and an annualized volatility of 19.9%.

1Y CAGR
-33.9%
3Y CAGR
-10.2%
5Y CAGR
-2.5%
10Y CAGR
-3.7%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
43.1%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.48
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.68
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
15.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · +20.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · -20.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
40%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-1.2-1.0-0.9-8.0————————-10.7%
2025-1.97.76.8-2.8-5.0-8.1-6.9-0.6-2.7-7.91.5-0.9-20.2%
20248.3-1.1-0.75.51.31.8-1.34.2-2.91.2-4.91.412.8%
2023-6.4-0.63.32.7-5.4-5.3-4.95.45.66.2-4.8-10.3-15.1%
20225.2-4.52.68.51.87.6-8.4-0.92.81.9-0.33.720.5%
20211.4-11.0-0.5-1.3-1.92.01.8-0.8-0.4-1.41.93.9-6.8%
20205.70.49.3-3.41.2-3.12.5-5.3-0.1-3.1-15.0-1.9-13.9%
2019-4.0-0.92.6-1.36.7-3.51.68.9-2.4-0.5-2.7-2.61.1%
2018-3.30.23.8-0.1-0.44.0-0.71.00.55.6-0.24.315.1%
2017-2.10.32.11.23.9-3.6-0.20.4-4.10.6-1.10.7-2.1%
2016———-3.10.18.4-5.9-2.3-1.61.6-9.11.4-10.9%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 19.9%. The dominant macroeconomic risk driver is VTI.US, accounting for 86.3% of variance. Idiosyncratic stock-specific factors contribute 9.5%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019687.829307736449
2016-05-019701.392873911002
2016-06-0110520.371433042934
2016-07-019900.464291303668
2016-08-019675.465595492722
2016-09-019515.88502269289
2016-10-019665.240753299599
2016-11-018787.365016432783
2016-12-018914.027857478219
2017-01-018729.980698001982
2017-02-018755.699306171422
2017-03-018936.668579477282
2017-04-019046.376962804528
2017-05-019398.873180656268
2017-06-019056.445302311022
2017-07-019036.204288173614
2017-08-019072.408576347227
2017-09-018701.810214408679
2017-10-018757.942511346444
2017-11-018665.188585737387
2017-12-018724.920444467629
2018-01-018437.320674004903
2018-02-018450.258229432939
2018-03-018769.262872345975
2018-04-018757.838176222025
2018-05-018723.981428347852
2018-06-019071.99123584955
2018-07-019004.538577912253
2018-08-019095.049298346288
2018-09-019142.260942146173
2018-10-019651.625019562836
2018-11-019628.984297563775
2018-12-0110043.612082007407
2019-01-019637.852783139442
2019-02-019548.489749074026
2019-03-019793.78162658459
2019-04-019671.142138725367
2019-05-0110320.730217808232
2019-06-019961.865293916833
2019-07-0110125.39837467222
2019-08-0111029.370582696385
2019-09-0110765.901945946865
2019-10-0110706.848665124293
2019-11-0110420.66676881965
2019-12-0110151.265839019461
2020-01-0110728.720140056657
2020-02-0110774.549641167156
2020-03-0111773.634556407093
2020-04-0111374.917200233675
2020-05-0111516.987758160658
2020-06-0111154.935793906747
2020-07-0111429.912800569726
2020-08-0110824.96219189043
2020-09-0110811.213043052096
2020-10-0110476.656391423001
2020-11-018909.282279354136
2020-12-018744.295478345977
2021-01-018868.035827856418
2021-02-017891.864170645801
2021-03-017850.6167241307985
2021-04-017749.792617701534
2021-05-017603.137517635845
2021-06-017754.375169805669
2021-07-017896.4477177672225
2021-08-017832.285520696971
2021-09-017804.788218037586
2021-10-017694.797514874123
2021-11-017841.451619922527
2021-12-018148.509973874953
2022-01-018574.725627725042
2022-02-018189.757420389956
2022-03-018405.155777104104
2022-04-019120.098581472792
2022-05-019280.501337850888
2022-06-019981.695988398524
2022-07-019143.013829536683
2022-08-019065.103976154025
2022-09-019317.166729770397
2022-10-019495.901684599607
2022-11-019468.404381940221
2022-12-019817.321123020383
2023-01-019192.45623840749
2023-02-019141.542198972787
2023-03-019442.402590259562
2023-04-019696.977762519502
2023-05-019169.313131385432
2023-06-018683.307883922182
2023-07-018257.474316709373
2023-08-018701.822170536372
2023-09-019192.45623840749
2023-10-019761.779258195096
2023-11-019289.6574869036
2023-12-018334.316516545676
2024-01-019022.6963394852
2024-02-018924.355796198248
2024-03-018860.434890819508
2024-04-019352.135617219697
2024-05-019475.06005255678
2024-06-019647.155257045983
2024-07-019524.229826691615
2024-08-019922.506390207966
2024-09-019637.320506205187
2024-10-019755.32856113916
2024-11-019273.462585579764
2024-12-019403.848655533919
2025-01-019225.745536680419
2025-02-019933.070488718357
2025-03-0110604.773821968309
2025-04-0110309.631795016021
2025-05-019795.676512028902
2025-06-019006.93427068016
2025-07-018381.02760297031
2025-08-018330.141921528219
2025-09-018101.151628706699
2025-10-017459.979903325458
2025-11-017571.930790539545
2025-12-017506.912381095912
2026-01-017418.22748553853
2026-02-017345.192759142365
2026-03-017282.591684490583
2026-04-016703.531743961604
Annual Return Matrix
YearAnnual Return
2017-0.021214586271675495
20180.15114082081699043
20190.01071862952621494
2020-0.13860048421403437
2021-0.06813419170777157
20220.20479954672643563
2023-0.15106000790757967
20240.12832871620185737
2025-0.20171914116479417
2026-0.10701878433500833
Total Factor Risk
0.19866531906187473
VTI.US Exposure
0.862674712883988
VEA.US Exposure
0.056395174746495885
VWO.US Exposure
-0.0354611917908208
QQQ.US Exposure
-0.04234367334227489
VTV.US Exposure
-0.08559922036297968
IJR.US Exposure
0.27692646720421255
QUAL.US Exposure
-0.14503902075244288
SHV.US Exposure
0.0004386416216506672
TLT.US Exposure
0.054245694324032576
LQD.US Exposure
0.0005912504328247374
HYG.US Exposure
-0.024566310082264106
GLD.US Exposure
0.007780617056179641
USO.US Exposure
0.004893570586936336
VNQ.US Exposure
-0.0350396317688813
BTC-USD.CC Exposure
-0.005679578328455263
CPER.US Exposure
0.016352137669010877
VIX.INDX Exposure
-0.011339177751393236
UUP.US Exposure
0.0018141378098042677
TIP.US Exposure
0.007972710107439822
Idiosyncratic Exposure
0.09498268973693685
Value Score
43.8
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
30.6
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
19.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →15.5x
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.55%
Market Cap$23.7B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-7.7%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-13.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
37.6% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-1.01
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is AGFiQ U.S. Market Neutral Anti-Beta Fund a high-risk investment?

AGFiQ U.S. Market Neutral Anti-Beta Fund (BTAL.US) has an annualized volatility of 19.9% and experienced a maximum drawdown of 43.1% over the last 10 years. Its primary macro risk driver is VTI.US.

What is the 10-year return of BTAL.US?

Over the past 10 years, BTAL.US has generated a Compound Annual Growth Rate (CAGR) of -3.7%. It has had a positive return in 40% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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