BTAL vs VTI

BTAL vs VTI

Which is better, BTAL or VTI?

Opposite sides of the same exposure.

VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.65, so holding both offsets the exposure while paying both fees.

Lower Fees: VTIHigher Returns: VTI

MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.

Side-by-Side Comparison

MetricBTALVTI
Expense Ratio1.40%0.03%Best
AUM$306M$666.9B
Dividend Yield2.92%1.03%
Holdings4023,543
YTD Return-12.60%+12.30%Best
1Y Return-18.73%+16.08%Best
3Y Return (annualized)-10.96%+21.01%Best
5Y Return (annualized)-4.06%+12.36%Best
Volatility (annualized)14.8%14.5%Best
Max Drawdown-52.7%-35.0%Best
$10,000 over 5 years$8,128$17,908Best
Fund FamilyAGFiQVanguard (US)
CategoryAlternativeEquity
StyleMulti AlternativeLarge Cap Blend
InceptionSep 13, 2011May 24, 2001

Not shown on this pair: Top 10 Weight.

Volatility and max drawdown are measured over the window both funds cover: Sep 13, 2011 to Sep 18, 2026 (15 years).

BTAL vs VTI growth

Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.

BTAL vs VTI Performance

AGF US Market Neutral Anti-Beta Fund ETF (BTAL) is an ETF from AGFiQ and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year BTAL returned -18.73% while VTI returned +16.08%. Year to date, BTAL is down 12.60% versus a gain of 12.30% for VTI.

Over three years, BTAL compounded at -10.96% per year against +21.01% for VTI; over five years the annualized figures are -4.06% and +12.36% respectively. Across the full 15-year window we track, VTI has the edge at +13.51% annualized vs -3.54%.

Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

BTAL has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.5% for VTI. 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at -0.65. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.

Fees and Cost Over Time

BTAL charges 1.40% per year while VTI 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 1.03% for VTI.

Holdings Overlap

VTI already in BTAL33.0%

At least 33.0% of VTI's money is in holdings BTAL also owns.

Stated as a floor: for BTAL, our book for it covers 79.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.

They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.

370 positions in common, counted across the 400 positions we hold weights for in BTAL and 3,463 in VTI, against full books of 402 and 3,543.

Top Shared Holdings

StockWeight in BTALWeight in VTIDifference
AMZNAmazon.Com Inc-0.38%3.65%4.03%
AVGOBroadcom Inc-0.37%2.56%2.93%
METAMeta Platforms Inc-0.41%1.70%2.11%
JNJJohnson & Johnson - Common0.40%0.86%0.46%
ABBVAbbvie Inc.0.37%0.61%0.24%
CSCOCisco Systems Inc. - Ordinary Shares0.40%0.57%0.17%
MRKMerck & Company Inc0.39%0.45%0.06%
PMPhilip Morris International Inc.0.40%0.41%0.01%
NFLXNetflix, Inc.0.39%0.42%0.03%
TSLATesla Inc-0.43%1.22%1.65%

33.0% of VTI is already inside BTAL.

You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.

BTALVTI

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Frequently Asked Questions

Which is cheaper, BTAL or VTI?

BTAL has an expense ratio of 1.40% while VTI charges 0.03%. VTI is the cheaper option, by $137 a year on a $10,000 investment.

Which performed better, BTAL or VTI?

Over the past year BTAL returned -18.73% vs +16.08% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (15 years), BTAL annualized -3.54% vs +13.51% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.

Which is riskier, BTAL or VTI?

BTAL has been the more volatile fund at 14.8% annualized versus 14.5% for VTI. Worst drawdown: BTAL -52.7% vs VTI -35.0%.

Should I hold both BTAL and VTI?

BTAL and VTI have a monthly-return correlation of -0.65, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.

What is the holdings overlap between BTAL and VTI?

At least 33.0% of VTI's money is in holdings BTAL also owns. Our book for BTAL is partial, so the real figure is this or higher. They hold 370 positions in common, counted across the 400 positions we hold weights for in BTAL and 3,463 in VTI.

Which pays a higher dividend, BTAL or VTI?

BTAL yields 2.92% while VTI yields 1.03%, so BTAL currently pays the higher dividend yield.

Is VTI better than BTAL?

VTI has a lower expense ratio. VTI led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.65, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.