BTAL vs QQQ ETF Comparison
Compare BTAL and QQQ across fund costs, diversification, holdings, performance, income, risk and current AlgovestIQ evidence.
What is the main difference between BTAL and QQQ?
BTAL is AGF U.S. Market Neutral Anti-Beta Fund, while QQQ is Invesco QQQ Trust, Series 1. BTAL is tied to Alternatives; QQQ is tied to Equity. BTAL is broader by holdings count, with 400 positions versus 102 for QQQ. QQQ is more concentrated at the top, based on top-10 holdings weight.
| Metric | BTAL | QQQ | Type |
|---|---|---|---|
| Expense ratio | 1.65% | 0.18% | Fund |
| Assets under management | $299M | $485.9B | Fund |
| Holdings | 400 | 102 | Fund |
| Top-10 concentration | 11.5% | 152.9% | Fund |
| Average volume | 354,988 | 48,821,168 | Fund |
| Underlying exposure | Alternatives | Equity | Fund |
| 1Y return | -26.2% | +26.1% | Performance |
| YTD return | -16.1% | +17% | Performance |
| Annualized volatility | 23.6% | 19.7% | Risk |
| Max drawdown | -32.6% | -12.2% | Risk |
| Beta | -1.39 | 1.43 | Risk |
| Sharpe ratio | -1.28 | 1.04 | Risk |
| Sortino ratio | -2.24 | 1.55 | Risk |
| AIQ Score | 51/100 | 59/100 | AlgovestIQ |
| AIQ Edge Score | 4/10 | 7/10 | AlgovestIQ |
| Momentum | 60/100 | 54/100 | AlgovestIQ |
| Risk Resilience | 42/100 | 75/100 | AlgovestIQ |
AlgovestIQ AIQ Comparison
AGF U.S. Market Neutral Anti-Beta Fund vs Invesco QQQ Trust, Series 1
QQQ leads
QQQ leads by 8 AIQ points, primarily on Quality and Risk Resilience, but the lead has narrowed from 20 points over 30 sessions.
Fragile: 3 of 4 evidence groups support QQQ, its lead is narrowing, and its current signal state is conflicted.
AGF U.S. Market Neutral Anti-Beta Fund
Invesco QQQ Trust, Series 1
The Algovestiq AIQ Score currently favors QQQ over BTAL, 59 versus 51 as of Sep 6, 2026. QQQ's advantage is driven primarily by stronger quality and risk resilience, while BTAL holds the stronger value profile. QQQ also shows the stronger technical structure relative to its 50-day moving average. 3 of 4 covered evidence groups favor QQQ today, and the comparison is rated Fragile on stability: the leader's advantage has been narrowing. QQQ lead: Weakening — the AIQ differential moved from 20 to 8 points over 30 sessions.
Compare AGF U.S. Market Neutral Anti-Beta Fund and Invesco QQQ Trust, Series 1 across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
Performance over time
Price-return comparison for both ETFs using available daily close history.
Total return comparison
Growth of $10,000
Based on available close-price history. Distribution reinvestment is not added unless already reflected in the source series.
Compare BTAL and QQQ against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Quality30%46 vs 83QQQ +37
- Risk Resilience15%42 vs 75QQQ +33
- Value30%52 vs 30BTAL +22
- Momentum25%60 vs 54BTAL +6
3 of 4 evidence groups favor QQQ. QQQ’s edge is concentrated in quality and risk resilience; BTAL keeps a meaningful value edge.
What changed since the last close
Latest scored session 2026-09-05, compared against the prior scored session 2026-09-04.
Largest factor move: Value +1
No new signals fired.
No factor moved materially.
No new signals fired.
QQQ's lead narrowed by 1 AIQ points in the latest snapshot.
Deeper signal detail for each name lives on its own signals page — BTAL and QQQ both carry a full feed there.
The central trade-off
QQQ (Invesco QQQ Trust, Series 1): the stronger current systematic profile, led by quality and risk resilience.
BTAL (AGF U.S. Market Neutral Anti-Beta Fund): the counter-case, on value, momentum, valuation — but at materially higher volatility, 20.8% against 12.9%.
Which one fits your objective
The same two names rank differently depending on what you are optimizing for. All six reads are shown at once — none of them is hidden behind a toggle.
Balanced
QQQQQQ on the overall AIQ Score, which weights Quality and Value at 30% each.
Growth
EvenGrowth figures are not covered for both names.
Value
BTALBTAL on the peer-relative Value factor, by 22 points.
Momentum
BTALBTAL on the Momentum factor, by 6 points.
Lower downside
QQQQQQ on Risk Resilience, by 33 points.
Analyst upside
EvenAnalyst targets are level or not covered for both names.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | BTAL | QQQ | Why it matters |
|---|---|---|---|
| Expense ratio | 1.65% | 0.18% | Lower is better — it compounds against you every year you hold. |
| Assets under management | $299M | $485.9B | Larger funds generally carry tighter spreads. |
| Holdings | 121 | 103 | More holdings means broader diversification, not better returns. |
| Average volume | 354,988 | 48,821,168 | Liquidity — matters most if you trade size. |
| Annualized volatility | 23.6% | 19.7% | Lower is a steadier ride for the same exposure. |
| Max drawdown | -32.6% | -12.2% | The worst peak-to-trough loss on record for the fund. |
| Sharpe ratio | -1.28 | 1.04 | Return per unit of risk. Higher is better. |
| Beta | -1.39 | 1.43 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
BTAL and QQQ share 30.94% of their weighted exposure across 44 common holdings.
QQQ is the more concentrated of the two: its ten largest positions are 152.9% of the fund, against 11.53% for BTAL (102 holdings vs 400). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
356 holdings are unique to BTAL and 58 to QQQ. Owning both is genuinely additive — most of the capital sits in different securities.
Largest shared positions
| Holding | BTAL | QQQ | Shared |
|---|---|---|---|
| MUMicron Technology Inc. | 1.2% | 20.06% | 1.2% |
| AMGNAmgen Inc. | 1.11% | 4.13% | 1.11% |
| TMUST-Mobile US Inc. | 1.1% | 3.44% | 1.1% |
| GILDGilead Sciences Inc. | 1.07% | 3.28% | 1.07% |
| ADPAutomatic Data Processing Inc. | 1.06% | 1.94% | 1.06% |
| INTCIntel Corp. | 1.03% | 8.42% | 1.03% |
| MPWRMonolithic Power Systems Inc. | 1.01% | 1.05% | 1.01% |
| INTUIntuit Inc. | 1.01% | 1.59% | 1.01% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
ETF comparison questions
Short answers to the fund-specific questions behind this comparison.
Which ETF is more diversified, BTAL or QQQ?
BTAL currently has more reported holdings, with 400 positions versus 102.
Which has the lower expense ratio?
QQQ has the lower reported expense ratio in the current fund profile.
Which ETF has the higher distribution yield?
The current dataset does not show a higher-yield winner.
Which ETF has been more volatile?
BTAL has the higher annualized volatility in the current risk snapshot.
Which ETF has had the smaller drawdown?
QQQ has the less severe max drawdown in the current risk snapshot.
Which ETF has the stronger current AlgovestIQ evidence?
QQQ currently leads on supporting AlgovestIQ evidence, 59 to 51.
AIQ Agreement Matrix
3 of 4 covered evidence groups favor QQQ. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | QQQ | 51 vs 59 |
| Fundamentals | Not covered | Not covered |
| Valuation | BTAL | Value 52 vs 30 |
| Technicals | QQQ | Price vs 50-day 1% vs 1.1%; vs 200-day -7.7% vs 9.3% |
| Risk Resilience | QQQ | Risk Resilience 42 vs 75 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of BTAL and QQQ and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is moderate at 8 points.
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on QQQ.
How the comparison changed
120 daily snapshots · Apr 24 – Sep 5QQQ lead: Weakening — the AIQ differential moved from 20 to 8 points over 30 sessions.
- Today
- QQQ +8
- 51 vs 59
- 7 sessions ago
- QQQ +9
- 51 vs 60
- 30 sessions ago
- QQQ +20
- 47 vs 67
- 90 sessions ago
- QQQ +10
- 46 vs 56
The lead changed hands 7 times in this window, most recently on Aug 3 when QQQ moved ahead of BTAL.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 1 bearish, conflicted
- Death Cross Active — bearish, trend, long horizon (9.49%)
- MACD Bullish Crossover — bullish, momentum, short horizon
3 bullish / 1 bearish / 1 neutral, conflicted
- Golden Cross Active — bullish, trend, long horizon (8.12%)
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- Uptrend Structure Active — bullish, trend, long horizon
QQQ leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price is down while the AIQ Score moved up 1 points over the same session — price and model disagree (price -2.03%, AIQ +1 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.18%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1BTAL closes the Quality gap — currently 37 points behind, the largest single contributor to QQQ's edge.
- 2BTAL's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3QQQ's conflicting signal state resolves bearish — it currently carries 3 bullish and 1 bearish rules at once.
- 4The narrowing continues — the lead has already given back 12 points over 30 sessions, and a further 8-point move would eliminate QQQ's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
QQQ leads 5 of 6 windows| Metric | BTAL | QQQ |
|---|---|---|
| 1 week (5 sessions) | -1.5% | 0.4% |
| 1 month (20 sessions) | 1.3% | -0.6% |
| 3 months (63 sessions) | 0.8% | 2% |
| 6 months (126 sessions) | -16.8% | 19.9% |
| Year to date | -16.1% | 17% |
| 1 year (252 sessions) | -26.2% | 26.1% |
Technicals
QQQ has the stronger structure| Metric | BTAL | QQQ |
|---|---|---|
| RSI (14) | 56.4 | 42.1 |
| ADX (14) | 29.5 | 10.9 |
| Price vs 50-day | 1% | 1.1% |
| Price vs 200-day | -7.7% | 9.3% |
| Volatility (1M, annualized) | 20.8% | 12.9% |
Risk
QQQ is the more resilient| Metric | BTAL | QQQ |
|---|---|---|
| Beta | -1.39 | 1.43 |
| Sharpe ratio | -1.28 | 1.04 |
| Sortino ratio | -2.24 | 1.55 |
| Max drawdown | -32.6% | -12.2% |
| Current drawdown | -25.5% | -3.6% |
| Annualized volatility | 23.6% | 19.7% |
| Value at risk (95%) | -2.4% | -1.9% |
Straight answers
Each answer is regenerated from the current snapshot, not written once and left to age.
Which is better, BTAL or QQQ?
On the Algovestiq AIQ Score, QQQ is the stronger of the two as of Sep 6, 2026, scoring 59 against BTAL's 51. The edge comes from quality and risk resilience. BTAL is not without a case — it holds the better value profile, which matters more if that is the objective you are optimizing for. This is a systematic score, not a recommendation: it ranks the two on the same evidence, it does not know your holding period or tax position.
Is BTAL or QQQ the better buy right now?
QQQ carries the stronger systematic profile as of Sep 6, 2026, and the comparison is rated Fragile — 3 of 4 covered evidence groups agree. A Fragile rating means the conclusion is sensitive: the leader's advantage has been narrowing. Treat the lead as provisional.
Why does the AIQ Score favor QQQ over BTAL?
The composite weights Quality at 30%, Value at 30%, Momentum at 25% and Risk Resilience at 15%. QQQ leads Quality by 37 points; QQQ leads Risk Resilience by 33 points; BTAL leads Value by 22 points. Where the two split, the factor with the larger weight carries the result.
Which is better value, BTAL or QQQ?
BTAL is the better-valued of the two on the peer-relative Value factor. BTAL on the peer-relative Value factor, by 22 points. The Value factor reads valuation relative to sector peers and to the company's own fundamental quality, so it is not the same as simply having the lower multiple.
Which has stronger growth, BTAL or QQQ?
Growth figures are not covered for both names. Growth here is measured on reported revenue and earnings, not on forward estimates — it describes what the businesses have delivered, not what the Street expects next.
Which has stronger momentum, BTAL or QQQ?
BTAL on the Momentum factor, by 6 points. Momentum carries 25% of the AIQ composite. It has documented persistence over three- to twelve-month horizons, which makes it a timing input rather than a reason to hold something indefinitely.
Which is riskier, BTAL or QQQ?
QQQ is the more resilient of the two, so the other name carries the higher downside risk. QQQ on Risk Resilience, by 33 points. The Risk Resilience factor weights 15% of the composite; position sizing usually responds to it more usefully than the buy/avoid decision does.
Is BTAL more profitable than QQQ?
Margin data is not comparable for both names in the current snapshot.
Is QQQ's lead over BTAL getting stronger or weaker?
QQQ lead: Weakening — the AIQ differential moved from 20 to 8 points over 30 sessions. This is measured from 120 daily comparison snapshots between 2026-04-24 and 2026-09-05. The lead has changed hands 7 times in that window, most recently on 2026-08-03, when QQQ moved ahead of BTAL.
What would change the BTAL vs QQQ verdict?
The result is a state, not a forecast, so it changes when the underlying evidence changes. Concretely: BTAL closes the Quality gap — currently 37 points behind, the largest single contributor to QQQ's edge; BTAL's Death Cross Active resolves — a bearish trend rule currently active against it; QQQ's conflicting signal state resolves bearish — it currently carries 3 bullish and 1 bearish rules at once; the narrowing continues — the lead has already given back 12 points over 30 sessions, and a further 8-point move would eliminate QQQ's advantage entirely.
What do the current signals say about BTAL and QQQ?
BTAL: 1 bullish / 1 bearish, conflicted. QQQ: 3 bullish / 1 bearish / 1 neutral, conflicted. A conflicted state means bullish and bearish rules are active on the same name at once — the technical evidence is not pointing one way, and a decision taken on it carries more timing risk. The most decision-relevant rule on BTAL is Death Cross Active (bearish, long horizon). On QQQ it is Golden Cross Active (bullish, long horizon).
Compare BTAL and QQQ with others
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality (30%), Value (30%), Momentum (25%) and Risk (15%). Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.