BTAL
AGF U.S. Market Neutral Anti-Beta Fund
The AGFiQ U.S. Market Neutral Anti-Beta ETF tracks an equal weighted index that takes long positions in low beta US stocks offset by short positions in high beta US stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
400.4 M
ASSETS UNDER MGMT
143 bp
EXPENSES
Fund Basics
| Fund sponsor | AGFiQ |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 13, 2011 |
| Assets (mns) | $415 |
| Expense ratio | 143 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.6% | 7.5% | -0.6% | 3.0% | -3.7% | -0.3% | -- | -1.7% |
| Dividend Yield | 7.2% | 8.1% | 5.1% | 4.1% | 1.0% | 1.6% | -- | 0.9% |
| Total Returns | 12.8% | 15.7% | 4.5% | 7.1% | -2.6% | 1.3% | -- | -0.8% | Ann. Volatility | 22.4% | 16.5% | 16.4% | 18.2% | 19.0% | 16.5% | -- | 16.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.65 | 43% |
| MSCI EAFE | -0.48 | 23% |
| MSCI Emg Mkts | -0.46 | 21% |
Liquidity Measures
| Avg. volume (000) | 1,203 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $20.12 |
| 30d moving avg. | $20.53 |
| Annualized volatility | 17.4% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 7.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| BTAL (143 bp) Percentile rank | 99 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BTAL | 143.0 | 15.5 | 158.5 |
| Peer Avg. | 49.0 | 20.2 | 69.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .