- Issuer
- Bridgeway
- Inception Date
- Oct 15, 2024
- Category
- Equity Market Neutral
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
BRGOX Performance Chart
Bridgeway Global Opportunities Fund Class N (BRGOX) is up 5.6% since the beginning of the year. BRGOX is currently trading at $11 per share.
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Returns By Period
Bridgeway Global Opportunities Fund Class N (BRGOX) has returned 5.59% so far this year and 17.62% over the past 12 months.
Bridgeway Global Opportunities Fund Class N
- 1D
- 0.36%
- 1M
- -0.54%
- 6M
- 4.70%
- YTD
- 5.59%
- 1Y
- 17.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.42%
- 1M
- 1.94%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 21.02%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
BRGOX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2025, BRGOX's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, an investment would double in approximately 5.6 years.
Historically, 68% of months were positive and 32% were negative. The best month was Jan 2026 with a return of +4.5%, while the worst month was May 2026 at -1.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BRGOX closed higher 48% of trading days. The best single day was Apr 14, 2025 with a return of +2.9%, while the worst single day was Apr 11, 2025 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.45% | 3.18% | -1.32% | -1.07% | -1.44% | 2.38% | -0.54% | 5.59% | |||||
| 2025 | -0.88% | 0.10% | 3.35% | 0.67% | 1.42% | -1.12% | 1.51% | 2.60% | 2.26% | 0.80% | 2.64% | 0.62% | 14.76% |
Benchmark Metrics
Bridgeway Global Opportunities Fund Class N has an annualized alpha of 14.51%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 2025.
- This fund captured 22.83% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -70.52%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 14.51%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 22.83%
- Downside Capture
- -70.52%
Expense Ratio
BRGOX has a high expense ratio of 1.63%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BRGOX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Bridgeway Global Opportunities Fund Class N (BRGOX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BRGOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.30 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 2.28 | +1.72 |
| Martin ratioReturn relative to average drawdown | 10.45 | 9.88 | +0.56 |
Dividends
Dividend History
Bridgeway Global Opportunities Fund Class N provided a 10.76% dividend yield over the last twelve months, with an annual payout of $1.20 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $1.20 | $1.20 |
Dividend yield | 10.76% | 11.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Bridgeway Global Opportunities Fund Class N. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $1.20 | $1.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Bridgeway Global Opportunities Fund Class N. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bridgeway Global Opportunities Fund Class N was 4.37%, occurring on May 29, 2026. The portfolio has not yet recovered.
The current Bridgeway Global Opportunities Fund Class N drawdown is 2.62%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -4.37%May 2026 | 3mo 2d | — | 4mo 17dFeb 2026 - now |
2025 pullback2025 | -3.78%Jul 2025 | 1mo 22d | 10d | 2mo 2dJun 2025 - Aug 2025 |
2025 selloff2025 | -3.04%Apr 2025 | 9d | 4d | 13dApr 2025 - Apr 2025 |
2025 pullback2025 | -2.73%Oct 2025 | 1mo 5d | 9d | 1mo 14dSep 2025 - Oct 2025 |
2025 selloff2025 | -2.73%May 2025 | 19d | 8d | 27dApr 2025 - May 2025 |
Drawdown Indicators
| BRGOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.37% | -56.78% | +52.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.37% | -9.10% | +4.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.62% | -0.45% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -1.21% | -10.71% | +9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.09% | -0.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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