{"url":"https://etfiq.com/compare/alternatives/btal-vs-mktn","section":"compare","title":"BTAL vs MKTN: which moved less with stocks? | ETFIQ","description":"BTAL and MKTN both run market neutral strategies. Over the year to Sep 30, 2026, BTAL had a correlation of \u22120.76 with the S&P 500 and MKTN \u22120.01.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which moved less with the S&P 500, BTAL or MKTN?","acceptedAnswer":{"@type":"Answer","text":"Over the 52 weeks to Sep 30, 2026, BTAL\u2019s weekly returns had a correlation of \u22120.76 with the S&P 500 and MKTN\u2019s \u22120.01, so BTAL moved less with the index."}},{"@type":"Question","name":"Which did better when the S&P 500 fell, BTAL or MKTN?","acceptedAnswer":{"@type":"Answer","text":"In the 25 weeks the S&P 500 fell, by 1.15% a week on average, BTAL averaged +1.62% and MKTN +0.40%, so BTAL returned more in those weeks."}},{"@type":"Question","name":"Which earned more than cash, BTAL or MKTN?","acceptedAnswer":{"@type":"Answer","text":"Over the same weeks, BTAL finished 25.1 percentage points behind cash and MKTN finished 10.2 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills."}},{"@type":"Question","name":"Which is cheaper, BTAL or MKTN?","acceptedAnswer":{"@type":"Answer","text":"BTAL charges 1.40% a year and MKTN charges 1.94%, so BTAL is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Alternatives ETFs","item":"https://etfiq.com/alternatives/"},{"@type":"ListItem","position":3,"name":"BTAL vs MKTN","item":"https://etfiq.com/compare/alternatives/btal-vs-mktn"}]},{"@type":"WebPage","name":"BTAL vs MKTN: which moved less with stocks?","description":"BTAL and MKTN both run market neutral strategies. Over the year to Sep 30, 2026, BTAL had a correlation of \u22120.76 with the S&P 500 and MKTN \u22120.01.","url":"https://etfiq.com/compare/alternatives/btal-vs-mktn","dateModified":"2026-09-30","abstract":"Over the year to Sep 30, 2026, BTAL moved less with the S&P 500 than MKTN: correlation \u22120.76 against \u22120.01.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BTAL and MKTN","description":"BTAL and MKTN both run market neutral strategies. Over the year to Sep 30, 2026, BTAL had a correlation of \u22120.76 with the S&P 500 and MKTN \u22120.01.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/alternatives/btal-vs-mktn","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"}],"variableMeasured":["Correlation with the S&P 500","Beta to the S&P 500","Down-week capture","Average week when the S&P 500 fell","Return against T-bills","Total return","Strategy","Expense ratio"],"keywords":["exchange-traded funds","ETF","Alternatives ETFs","fund data","SEC filings"]}],"characters":6240,"truncated":true,"content":"ETFIQ / Alternatives ETFs / Head to head / BTAL vs MKTN \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BTAL vs MKTN: which moved less with stocks?\n\n Over the year to Sep 30, 2026, BTAL moved less with the S&P 500 than MKTN: correlation \u22120.76 against \u22120.01.\n Copy this for sharing \n \n AGF U.S. Market Neutral Anti-Beta Fund and Federated Hermes MDT Market Neutral ETF.\n\n Download as PDF \n\n \u22120.76 BTAL correlation with the S&P 500 \n \u22120.01 MKTN correlation with the S&P 500 \n \u2212141.3% BTAL down-week capture \n \u221235.0% MKTN down-week capture \n\n ETFIQ Diversifier Score: BTAL scores","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/alternatives/btal-vs-mktn","a":{"ticker":"BTAL","name":"AGF U.S. Market Neutral Anti-Beta Fund","issuer":"AGF Investments","desk":"alternatives","as_of":"2026-09-30","verdict":"In the S&P 500\u2019s down weeks over the year to Sep 30, 2026, BTAL rose 1.62% a week on average.","url":"https://etfiq.com/funds/btal","key_facts":[{"label":"Correlation with the S&P 500","value":"\u22120.76","as_of":"2026-09-30","source":null},{"label":"Beta to the S&P 500","value":"\u22121.38","as_of":"2026-09-30","source":null},{"label":"Down-week capture","value":"\u2212141.3%","as_of":"2026-09-30","source":null},{"label":"Against T-bills, 52 weeks","value":"\u221225.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$283m","as_of":"2026-09-30","source":"SEC N-PORT, whole fund, as filed for Jun 30, 2026"},{"label":"Expense ratio","value":"1.40%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 27, 2025"}]},"b":{"ticker":"MKTN","name":"Federated Hermes MDT Market Neutral ETF","issuer":"Federated Hermes","desk":"alternatives","as_of":"2026-09-30","verdict":"In the S&P 500\u2019s down weeks over the year to Sep 30, 2026, MKTN rose 0.40% a week on average.","url":"https://etfiq.com/funds/mktn","key_facts":[{"label":"Correlation with the S&P 500","value":"\u22120.01","as_of":"2026-09-30","source":null},{"label":"Beta to the S&P 500","value":"0.00","as_of":"2026-09-30","source":null},{"label":"Down-week capture","value":"\u221235.0%","as_of":"2026-09-30","source":null},{"label":"Against T-bills, 52 weeks","value":"+10.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$107m","as_of":"2026-09-30","source":"SEC N-PORT, whole fund, as filed for Jun 30, 2026"},{"label":"Expense ratio","value":"1.94%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 24, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/alternatives/btal-vs-mktn"}