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
304.7 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) | $329 |
| 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 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -4.2% | -9.8% | -2.9% | -6.7% | -6.2% | -0.7% | -- | -2.4% |
| Dividend Yield | 0.0% | 3.2% | 4.7% | 3.3% | 2.0% | 1.2% | -- | 1.0% |
| Total Returns | -4.2% | -6.6% | 1.8% | -3.4% | -4.2% | 0.5% | -- | -1.4% | Ann. Volatility | 24.3% | 20.3% | 18.4% | 18.5% | 18.4% | 16.8% | -- | 17.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -0.61 | 34% |
| MSCI EAFE | -0.32 | 10% |
| MSCI Emg Mkts | -0.35 | 12% |
Liquidity Measures
| Avg. volume (000) | 625 |
| ADV traded (mns) | $11 |
| Turnover | 3.5% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| Recent close | $17.12 |
| 30d moving avg. | $18.16 |
| Annualized volatility | 16.7% |
| Relative strength (RSI) | 36 |
| Short interest | 0.3% |
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 | 19.8 | 68.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .