NANC vs BTAL

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

NANC vs BTAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

NANC

$282M

Winner

BTAL

$283M

Expense Ratio

Winner

NANC

0.72%

BTAL

1.40%

Max Drawdown

Winner

NANC

20.94%

BTAL

58.79%

Sharpe Ratio

Winner

NANC

0.99

BTAL

-1.40

5Y Beta

NANC

1.05

Winner

BTAL

-0.87

P/E Ratio

NANC

28.80

BTAL

N/A

Forward P/E

NANC

21.57

BTAL

N/A

PEG Ratio

NANC

0.35

BTAL

N/A

5Y EPS CAGR

NANC

29.06%

BTAL

N/A

Debt to Equity

NANC

14.74%

BTAL

N/A

P/S Ratio

NANC

3.59

BTAL

N/A

P/B Ratio

NANC

5.94

BTAL

N/A

NANC vs BTAL - Holdings Comparison

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

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

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

NANC vs BTAL - Historical Returns

Returns include dividend reinvestment.

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

NANC

+0.36%

Winner

BTAL

+8.42%

Winner

NANC

+7.98%

BTAL

-5.58%

Winner

NANC

+9.05%

BTAL

-14.57%

Winner

NANC

+18.61%

BTAL

-27.16%

5Y(CAGR)

NANC

N/A

BTAL

-4.74%

10Y(CAGR)

NANC

N/A

BTAL

-4.82%

Max(CAGR)

Winner

NANC

+21.99%

BTAL

-3.82%

NANC vs BTAL - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

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

NANC vs BTAL Drawdown Comparison

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

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

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

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

Correlation

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

-0.66

-101