DSM vs BTAL

Comparison between BNY Mellon Strategic Municipal Bond Fund Inc (DSM, ETF) and AGF U.S. MARKET NEUTRAL ANTI-BETA FUND (BTAL, ETF).

5-Year PerformanceDSM has outperformed BTAL, delivering a return of -1.5% compared to -3.9%

DSM vs BTAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DSM(ETF)	BTAL(ETF)
Net Assets	$321M	$321M
Expense Ratio	N/A	1.40%
Max Drawdown	53.69%	56.68%
Sharpe Ratio	1.07	-1.98
5Y Beta	0.19	-0.83
5Y Dividends CAGR	-4.74%	N/A

Net Assets

DSM

$321M

Winner

BTAL

$321M

Expense Ratio

DSM

N/A

BTAL

1.40%

Max Drawdown

Winner

DSM

53.69%

BTAL

56.68%

Sharpe Ratio

Winner

DSM

1.07

BTAL

-1.98

5Y Beta

DSM

0.19

Winner

BTAL

-0.83

5Y Dividends CAGR

DSM

-4.74%

BTAL

N/A

DSM vs BTAL - Historical Returns

Returns include dividend reinvestment.

Period	DSM	BTAL
1 month	+0.42%	-1.97%
3 months	+1.29%	-15.76%
6 months	+3.50%	-15.74%
1 year	+14.94%	-34.85%
5 years(CAGR)	-1.46%	-3.90%
10 years(CAGR)	+1.25%	-4.25%
Max(CAGR)	+5.15%	-3.78%

Winner

DSM

+0.42%

BTAL

-1.97%

Winner

DSM

+1.29%

BTAL

-15.76%

Winner

DSM

+3.50%

BTAL

-15.74%

Winner

DSM

+14.94%

BTAL

-34.85%

5Y(CAGR)

Winner

DSM

-1.46%

BTAL

-3.90%

10Y(CAGR)

Winner

DSM

+1.25%

BTAL

-4.25%

Max(CAGR)

Winner

DSM

+5.15%

BTAL

-3.78%

DSM vs BTAL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	DSM	BTAL
2026	+0.60%	-14.80%
2025	+10.70%	-19.89%
2024	+4.98%	+10.73%
2023	+3.00%	-16.21%
2022	-27.37%	+21.71%
2021	+11.90%	-7.35%
2020	+3.37%	-13.74%
2019	+18.05%	+2.04%
2018	-13.10%	+16.45%
2017	+12.39%	-1.13%
2016	+4.71%	-5.06%
2015	+7.30%	+4.33%
2014	+15.36%	+8.06%
2013	-16.99%	-11.09%
2012	+14.93%	-7.04%
2011	+24.19%	-2.50%
2010	+5.63%	N/A
2009	+45.32%	N/A
2008	-24.63%	N/A
2007	-13.34%	N/A
2006	+23.72%	N/A
2005	+1.31%	N/A
2004	+4.76%	N/A
2003	+18.37%	N/A
2002	+2.05%	N/A
2001	+3.76%	N/A
2000	+23.02%	N/A
1999	-6.54%	N/A

DSM vs BTAL Drawdown Comparison

The maximum drawdown for DSM was -49.10%, occurring on Oct 10, 2008. Recovery took 691 trading sessions.

The maximum drawdown for BTAL was -50.29%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current DSM drawdown is -11.86%. The current BTAL drawdown is -48.17%.

Rank	DSM	BTAL
#1	-49.10% May 4, 2007 - Feb 1, 2010	-50.29% Mar 12, 2020 - Jun 2, 2026
#2	-38.73% Aug 3, 2021 - Oct 25, 2023	-29.52% Oct 3, 2011 - Mar 9, 2020
#3	-31.97% Nov 6, 2019 - May 5, 2021	-2.13% Sep 26, 2011 - Sep 29, 2011
#4	-23.32% Jan 9, 2013 - Dec 21, 2015	-1.62% Sep 13, 2011 - Sep 21, 2011
#5	-17.18% Oct 1, 2010 - Aug 31, 2011	-1.46% Mar 9, 2020 - Mar 12, 2020
#6	-16.59% Aug 2, 2017 - May 9, 2019	N/A
#7	-16.42% Feb 18, 2004 - Nov 3, 2004	N/A
#8	-13.68% Jul 8, 2005 - Aug 16, 2006	N/A
#9	-12.71% Sep 30, 2002 - Mar 4, 2003	N/A
#10	-12.32% Nov 12, 1999 - Jan 28, 2000	N/A
#11	-12.03% Aug 13, 2001 - Jul 1, 2002	N/A
#12	-11.60% Sep 28, 2016 - Jul 12, 2017	N/A
#13	-11.55% Jun 16, 2003 - Jan 7, 2004	N/A
#14	-8.87% Jan 28, 2000 - Apr 4, 2000	N/A
#15	-7.89% Sep 30, 2011 - Dec 6, 2011	N/A

Correlation

Correlation between DSM and BTAL is -0.27 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.27

-101

Dividend Comparison (1999 - 2026)

DSM vs BTAL dividend yield comparison.

Year	DSM	BTAL
2026	2.08%	0.00%
2025	4.07%	2.49%
2024	3.72%	3.49%
2023	4.27%	6.14%
2022	5.95%	1.01%
2021	4.31%	0.00%
2020	4.57%	0.00%
2019	5.19%	0.88%
2018	6.11%	0.39%
2017	5.82%	0.00%
2016	6.19%	0.00%
2015	6.17%	0.00%
2014	7.71%	0.00%
2013	7.68%	0.00%
2012	6.60%	0.00%
2011	6.56%	1.80%
2010	7.22%	0.00%
2009	6.09%	0.00%
2008	8.38%	0.00%
2007	6.37%	0.00%
2006	5.39%	0.00%
2005	7.15%	0.00%
2004	7.19%	0.00%
2003	6.90%	0.00%
2002	6.94%	0.00%
2001	6.67%	0.00%
2000	6.94%	0.00%
1999	1.36%	0.00%