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

Correlation

The correlation between AHOY and BDGS is 0.60, 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.


-0.50.00.51.00.6

Performance

AHOY vs. BDGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Newday Ocean Health ETF (AHOY) and Bridges Capital Tactical ETF (BDGS). The values are adjusted to include any dividend payments, if applicable.

15.00%20.00%25.00%30.00%35.00%JulyAugustSeptemberOctoberNovemberDecember
27.23%
29.31%
AHOY
BDGS

Key characteristics

Sharpe Ratio

AHOY:

1.24

BDGS:

4.50

Sortino Ratio

AHOY:

1.80

BDGS:

8.68

Omega Ratio

AHOY:

1.22

BDGS:

2.63

Calmar Ratio

AHOY:

2.18

BDGS:

8.26

Martin Ratio

AHOY:

6.48

BDGS:

48.12

Ulcer Index

AHOY:

2.19%

BDGS:

0.41%

Daily Std Dev

AHOY:

11.47%

BDGS:

4.38%

Max Drawdown

AHOY:

-15.91%

BDGS:

-5.38%

Current Drawdown

AHOY:

-6.20%

BDGS:

-0.98%

Returns By Period

In the year-to-date period, AHOY achieves a 12.26% return, which is significantly lower than BDGS's 19.39% return.


AHOY

YTD

12.26%

1M

-2.56%

6M

1.33%

1Y

13.07%

5Y*

N/A

10Y*

N/A

BDGS

YTD

19.39%

1M

2.07%

6M

14.30%

1Y

19.56%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for AHOY, currently valued at 1.24, compared to the broader market0.002.004.001.244.50
The chart of Sortino ratio for AHOY, currently valued at 1.80, compared to the broader market-2.000.002.004.006.008.0010.001.808.68
The chart of Omega ratio for AHOY, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.222.63
The chart of Calmar ratio for AHOY, currently valued at 2.18, compared to the broader market0.005.0010.0015.002.188.26
The chart of Martin ratio for AHOY, currently valued at 6.48, compared to the broader market0.0020.0040.0060.0080.00100.006.4848.12
AHOY
BDGS

The current AHOY Sharpe Ratio is 1.24, which is lower than the BDGS Sharpe Ratio of 4.50. The chart below compares the historical Sharpe Ratios of AHOY and BDGS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
1.24
4.50
AHOY
BDGS

Dividends

AHOY vs. BDGS - Dividend Comparison

Neither AHOY nor BDGS has paid dividends to shareholders.


TTM20232022
AHOY
Newday Ocean Health ETF
0.00%0.57%0.42%
BDGS
Bridges Capital Tactical ETF
0.00%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.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.20%
-0.98%
AHOY
BDGS

Volatility

AHOY vs. BDGS - Volatility Comparison

Newday Ocean Health ETF (AHOY) has a higher volatility of 3.18% compared to Bridges Capital Tactical ETF (BDGS) at 1.38%. 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%JulyAugustSeptemberOctoberNovemberDecember
3.18%
1.38%
AHOY
BDGS
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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