Episode 114: An Analysis Of Anti-Beta Fund BTAL
Risk Parity Radio
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The Negative Correlation Between BTL and the Stock Market
This fund BTL has a negative correlation to the stock market represented by VTI at negative 0.65%. It's even more negatively correlated with something like small cap value than either VIXY or VIXM. The annualized returns you can see for this fund were negative 1.7% compared with the negative 45% for the VIXY and negative 9.17% for theVIXM. And so it does have a much better performance characteristics than these volatility funds that are commonly in use.
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