The Negative Correlation Between BTL and the Stock Market

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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.

In this episode we analyze the AGFiQ US Market Neutral Anti-Beta Fund ETF, ticker symbol BTAL, using David Stein's Ten Questions to Master Investing, which are:

1. What is it?
2. Is it an investment, a speculation, or a gamble?
3. What is the upside?
4. What is the downside?
5. Who is on the other side of the trade?
6. What is the investment vehicle?
7. What does it take to be successful?
8. Who is getting a cut?
9. How does it impact your portfolio?
10. Should you invest?

This fund analysis was suggested/requested by listener Javen S.

Additional Links:

BTAL Fact Sheet: AGFiQ U.S. Market Neutral Anti-Beta Fund - - Fund Profile

BTAL Prospectus: AGFiQ Annual Prospectus

BTAL Correlation Matrix: Asset Correlations BTAL (portfoliovisualizer.com)

Backtest Golden Butterfly Portfolio Example: Backtest GB Portfolios (portfoliovisualizer.com)

Backtest Golden Ratio Portfolio Example: Backtest GR Portfolios (portfoliovisualizer.com)

Backtest Leveraged Portfolios Examples:
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