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AHOY vs. BDGS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


AHOYBDGS
YTD Return18.13%13.43%
1Y Return30.80%20.46%
Sharpe Ratio2.683.36
Sortino Ratio3.815.90
Omega Ratio1.472.14
Calmar Ratio2.663.90
Martin Ratio15.1325.47
Ulcer Index2.07%0.82%
Daily Std Dev11.70%6.24%
Max Drawdown-15.91%-5.38%
Current Drawdown-0.51%-0.08%

Correlation

-0.50.00.51.00.6

The correlation between AHOY and BDGS is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

AHOY vs. BDGS - Performance Comparison

In the year-to-date period, AHOY achieves a 18.13% return, which is significantly higher than BDGS's 13.43% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%MayJuneJulyAugustSeptemberOctober
11.26%
10.92%
AHOY
BDGS

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AHOY vs. BDGS - Expense Ratio Comparison

AHOY has a 0.75% expense ratio, which is lower than BDGS's 0.85% expense ratio.


BDGS
Bridges Capital Tactical ETF
Expense ratio chart for BDGS: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%
Expense ratio chart for AHOY: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Risk-Adjusted Performance

AHOY vs. BDGS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Newday Ocean Health ETF (AHOY) and Bridges Capital Tactical ETF (BDGS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


AHOY
Sharpe ratio
The chart of Sharpe ratio for AHOY, currently valued at 2.68, compared to the broader market0.002.004.002.68
Sortino ratio
The chart of Sortino ratio for AHOY, currently valued at 3.81, compared to the broader market-2.000.002.004.006.008.0010.0012.003.81
Omega ratio
The chart of Omega ratio for AHOY, currently valued at 1.47, compared to the broader market1.001.502.002.503.001.47
Calmar ratio
The chart of Calmar ratio for AHOY, currently valued at 2.66, compared to the broader market0.005.0010.0015.002.66
Martin ratio
The chart of Martin ratio for AHOY, currently valued at 15.13, compared to the broader market0.0020.0040.0060.0080.00100.0015.13
BDGS
Sharpe ratio
The chart of Sharpe ratio for BDGS, currently valued at 3.36, compared to the broader market0.002.004.003.36
Sortino ratio
The chart of Sortino ratio for BDGS, currently valued at 5.90, compared to the broader market-2.000.002.004.006.008.0010.0012.005.90
Omega ratio
The chart of Omega ratio for BDGS, currently valued at 2.14, compared to the broader market1.001.502.002.503.002.14
Calmar ratio
The chart of Calmar ratio for BDGS, currently valued at 3.90, compared to the broader market0.005.0010.0015.003.90
Martin ratio
The chart of Martin ratio for BDGS, currently valued at 25.47, compared to the broader market0.0020.0040.0060.0080.00100.0025.47

AHOY vs. BDGS - Sharpe Ratio Comparison

The current AHOY Sharpe Ratio is 2.68, which roughly equals the BDGS Sharpe Ratio of 3.36. The chart below compares the historical Sharpe Ratios of AHOY and BDGS, offering insights into how both instruments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctober
2.68
3.36
AHOY
BDGS

Dividends

AHOY vs. BDGS - Dividend Comparison

AHOY's dividend yield for the trailing twelve months is around 0.48%, less than BDGS's 0.74% yield.


TTM20232022
AHOY
Newday Ocean Health ETF
0.48%0.57%0.42%
BDGS
Bridges Capital Tactical ETF
0.74%0.84%0.00%

Drawdowns

AHOY vs. BDGS - Drawdown Comparison

The maximum AHOY drawdown since its inception was -15.91%, which is greater than BDGS's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for AHOY and BDGS. For additional features, visit the drawdowns tool.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%MayJuneJulyAugustSeptemberOctober
-0.51%
-0.08%
AHOY
BDGS

Volatility

AHOY vs. BDGS - Volatility Comparison

Newday Ocean Health ETF (AHOY) has a higher volatility of 2.74% compared to Bridges Capital Tactical ETF (BDGS) at 0.72%. This indicates that AHOY's price experiences larger fluctuations and is considered to be riskier than BDGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%MayJuneJulyAugustSeptemberOctober
2.74%
0.72%
AHOY
BDGS