BTAL vs IVV
AGF US Market Neutral Anti-Beta Fund ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | BTAL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.40% | 0.03% | |
| AUM | $294M | $907.0B | |
| Dividend Yield | 2.92% | 1.10% | |
| Holdings | 402 | 508 | |
| YTD Return | -14.02% | +12.28% | |
| 1Y Return | -27.62% | +20.94% | |
| 3Y Return (annualized) | -11.19% | +21.81% | |
| 5Y Return (annualized) | -4.78% | +13.05% | |
| Volatility (annualized) | 14.9% | 15.1% | |
| Max Drawdown | -52.7% | -56.5% | |
| Fund Family | AGFiQ | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 13, 2011 | May 15, 2000 |
BTAL vs IVV Performance
AGF US Market Neutral Anti-Beta Fund ETF (BTAL) is a ETF from AGFiQ and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BTAL returned -27.62% while IVV returned +20.94%. Year to date, BTAL is down 14.02% versus a gain of 12.28% for IVV.
Over three years, BTAL compounded at -11.19% per year against +21.81% for IVV; over five years the annualized figures are -4.78% and +13.05% respectively. Across the full 15-year window we track, IVV has the edge at +6.98% annualized vs -3.66%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.9% for BTAL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -52.7% for BTAL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BTAL charges 1.40% per year while IVV charges 0.03%. On a $10,000 position that is $140 vs $3 annually, a gap of $137 per year that compounds over a long holding period. On income, BTAL currently yields 2.92% against 1.10% for IVV.
Holdings Overlap
BTAL and IVV share 193 holdings out of 711 unique holdings combined, representing a 12.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BTAL or IVV?
BTAL has an expense ratio of 1.40% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $137 per year of difference.
Which performed better, BTAL or IVV?
Over the past year BTAL returned -27.62% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (15 years), BTAL annualized -3.66% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, BTAL or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.9% for BTAL. Worst drawdown: BTAL -52.7% vs IVV -56.5%.
Should I hold both BTAL and IVV?
BTAL and IVV have a monthly-return correlation of -0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BTAL and IVV?
BTAL and IVV share 193 common holdings with a 12.8% weight overlap. Combined, they hold 711 unique securities.
Which pays a higher dividend, BTAL or IVV?
BTAL yields 2.92% while IVV yields 1.10%, so BTAL currently pays the higher dividend yield.
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