BTAL vs NANC

Comparison between AGF U.S. MARKET NEUTRAL ANTI-BETA FUND (BTAL, ETF) and UNUSUAL WHALES SUBVERSIVE DEMOCRATIC TRADING ETF (NANC, ETF).

BTAL vs NANC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BTAL(ETF)	NANC(ETF)
Net Assets	$283M	$282M
Expense Ratio	1.40%	0.72%
Max Drawdown	58.79%	20.94%
Sharpe Ratio	-1.40	0.99
5Y Beta	-0.87	1.05
P/E Ratio	N/A	28.80
Forward P/E	N/A	21.57
PEG Ratio	N/A	0.35
5Y EPS CAGR	N/A	29.06%
Debt to Equity	N/A	14.74%
P/S Ratio	N/A	3.59
P/B Ratio	N/A	5.94

Net Assets

Winner

BTAL

$283M

NANC

$282M

Expense Ratio

BTAL

1.40%

Winner

NANC

0.72%

Max Drawdown

BTAL

58.79%

Winner

NANC

20.94%

Sharpe Ratio

BTAL

-1.40

Winner

NANC

0.99

5Y Beta

Winner

BTAL

-0.87

NANC

1.05

P/E Ratio

BTAL

N/A

NANC

28.80

Forward P/E

BTAL

N/A

NANC

21.57

PEG Ratio

BTAL

N/A

NANC

0.35

5Y EPS CAGR

BTAL

N/A

NANC

29.06%

Debt to Equity

BTAL

N/A

NANC

14.74%

P/S Ratio

BTAL

N/A

NANC

3.59

P/B Ratio

BTAL

N/A

NANC

5.94

BTAL vs NANC - Holdings Comparison

BTAL and NANC have 49 common holdings. Overlap is -6.50%

BTAL's top 25 holdings weight is 107.08%. NANC's top 25 holdings weight is 73.64%.

Rank	BTAL	NANC
#1	CASH (n/a) - 95.63%	NVIDIA CORP (NVDA) - 10.45%
#2	OKTA INC CLASS A (OKTA) - 0.69%	MICROSOFT CORP (MSFT) - 7.49%
#3	MOLINA HEALTHCARE INC (MOH) - 0.54%	ALPHABET INC CLASS C (GOOG) - 5.65%
#4	CCC INTELLIGENT SOLUTIONS HOLDINGS INC (CCC) - 0.53%	AMAZON.COM INC (AMZN) - 5.32%
#5	CLOUDFLARE INC (NET) - 0.53%	APPLE INC (AAPL) - 4.16%
#6	RIVIAN AUTOMOTIVE INC CLASS A (RIVN) - 0.50%	ARTIVION INC (AORT) - 3.38%
#7	SAMSARA INC ORDINARY SHARES CLASS A (IOT) - 0.49%	AMERICAN EXPRESS CO (AXP) - 3.27%
#8	DAVITA INC (DVA) - 0.48%	SALESFORCE INC (CRM) - 2.99%
#9	PROGRESSIVE CORP (PGR) - 0.47%	PHILIP MORRIS INTERNATIONAL INC (PM) - 2.79%
#10	BROWN & BROWN INC (BRO) - 0.47%	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 2.75%
#11	ALLSTATE CORP (ALL) - 0.47%	NETFLIX INC (NFLX) - 2.59%
#12	CENCORA INC (COR) - 0.47%	COSTCO WHOLESALE CORP (COST) - 2.42%
#13	CARDINAL HEALTH INC (CAH) - 0.47%	ELI LILLY AND CO (LLY) - 2.40%
#14	AUTOMATIC DATA PROCESSING INC (ADP) - 0.47%	META PLATFORMS INC CLASS A (META) - 2.31%
#15	PAYCHEX INC (PAYX) - 0.47%	APPLIED MATERIALS INC (AMAT) - 2.24%
#16	VERISK ANALYTICS INC (VRSK) - 0.46%	VULCAN MATERIALS CO (VMC) - 2.17%
#17	ABBVIE INC (ABBV) - 0.46%	SS&C TECHNOLOGIES HOLDINGS INC (SSNC) - 1.75%
#18	THE TRAVELERS COMPANIES INC (TRV) - 0.46%	D.R. HORTON INC (DHI) - 1.63%
#19	DYNATRACE INC ORDINARY SHARES (DT) - 0.46%	THE WALT DISNEY CO (DIS) - 1.37%
#20	n/a (EXPD) - 0.46%	JOHNSON & JOHNSON (JNJ) - 1.17%
#21	OLD REPUBLIC INTERNATIONAL CORP (ORI) - 0.42%	BROADCOM INC (AVGO) - 1.17%
#22	AGREE REALTY CORP (ADC) - 0.42%	API GROUP CORP (APG) - 1.11%
#23	ARCH CAPITAL GROUP LTD (ACGL) - 0.42%	ABBOTT LABORATORIES (ABT) - 1.05%
#24	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.42%	INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.04%
#25	AFLAC INC (AFL) - 0.42%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.97%
Total Holdings	365	131

BTAL vs NANC - Historical Returns

Returns include dividend reinvestment.

Period	BTAL	NANC
1 month	+8.42%	+0.36%
3 months	-5.58%	+7.98%
6 months	-14.57%	+9.05%
1 year	-27.16%	+18.61%
5 years(CAGR)	-4.74%	N/A
10 years(CAGR)	-4.82%	N/A
Max(CAGR)	-3.82%	+21.99%

Winner

BTAL

+8.42%

NANC

+0.36%

BTAL

-5.58%

Winner

NANC

+7.98%

BTAL

-14.57%

Winner

NANC

+9.05%

BTAL

-27.16%

Winner

NANC

+18.61%

5Y(CAGR)

BTAL

-4.74%

NANC

N/A

10Y(CAGR)

BTAL

-4.82%

NANC

N/A

Max(CAGR)

BTAL

-3.82%

Winner

NANC

+21.99%

BTAL vs NANC - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	BTAL	NANC
2026	-15.73%	+9.38%
2025	-19.89%	+18.72%
2024	+10.73%	+28.13%
2023	-16.21%	+20.79%
2022	+21.71%	N/A
2021	-7.35%	N/A
2020	-13.74%	N/A
2019	+2.04%	N/A
2018	+16.45%	N/A
2017	-1.13%	N/A
2016	-5.06%	N/A
2015	+4.33%	N/A
2014	+8.06%	N/A
2013	-11.09%	N/A
2012	-7.04%	N/A
2011	-2.50%	N/A

BTAL vs NANC Drawdown Comparison

The maximum drawdown for BTAL was -52.72%, occurring on Jun 22, 2026. This drawdown has not yet recovered.

The maximum drawdown for NANC was -20.94%, occurring on Apr 8, 2025. Recovery took 86 trading sessions.

The current BTAL drawdown is -48.74%. The current NANC drawdown is -1.54%.

Rank	BTAL	NANC
#1	-52.72% Mar 12, 2020 - Jun 22, 2026	-20.94% Feb 19, 2025 - Jun 24, 2025
#2	-29.52% Oct 3, 2011 - Mar 9, 2020	-12.21% Jan 12, 2026 - Apr 22, 2026
#3	-2.13% Sep 26, 2011 - Sep 29, 2011	-11.06% Jul 10, 2024 - Sep 26, 2024
#4	-1.62% Sep 13, 2011 - Sep 21, 2011	-10.17% Jul 19, 2023 - Nov 20, 2023
#5	-1.46% Mar 9, 2020 - Mar 12, 2020	-8.21% Feb 7, 2023 - May 17, 2023
#6	N/A	-6.93% Mar 22, 2024 - May 15, 2024
#7	N/A	-5.95% Dec 4, 2024 - Jan 23, 2025
#8	N/A	-5.85% Nov 3, 2025 - Jan 6, 2026
#9	N/A	-5.18% Jun 1, 2026 - Jul 6, 2026
#10	N/A	-3.07% Dec 18, 2023 - Jan 12, 2024
#11	N/A	-2.75% Oct 22, 2024 - Nov 6, 2024
#12	N/A	-2.70% Jun 15, 2023 - Jun 30, 2023
#13	N/A	-2.67% Oct 8, 2025 - Oct 21, 2025
#14	N/A	-2.54% Nov 11, 2024 - Nov 26, 2024
#15	N/A	-2.37% Jul 25, 2025 - Aug 8, 2025

Correlation

Correlation between BTAL and NANC is -0.66 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.66

-101