AHOY vs. BDGS
Compare and contrast key facts about Newday Ocean Health ETF (AHOY) and Bridges Capital Tactical ETF (BDGS).
AHOY and BDGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AHOY is an actively managed fund by Newday. It was launched on Jun 6, 2022. BDGS is an actively managed fund by Bridges. It was launched on May 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AHOY or BDGS.
Correlation
The correlation between AHOY and BDGS is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AHOY vs. BDGS - Performance Comparison
Key characteristics
Returns By Period
AHOY
N/A
N/A
N/A
N/A
N/A
N/A
BDGS
0.24%
7.39%
1.91%
15.60%
N/A
N/A
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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.
Risk-Adjusted Performance
AHOY vs. BDGS — Risk-Adjusted Performance Rank
AHOY
BDGS
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.
Dividends
AHOY vs. BDGS - Dividend Comparison
AHOY has not paid dividends to shareholders, while BDGS's dividend yield for the trailing twelve months is around 1.81%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
AHOY Newday Ocean Health ETF | 98.94% | 98.94% | 0.57% | 0.42% |
BDGS Bridges Capital Tactical ETF | 1.81% | 1.81% | 0.84% | 0.00% |
Drawdowns
AHOY vs. BDGS - Drawdown Comparison
Volatility
AHOY vs. BDGS - Volatility Comparison
The current volatility for Newday Ocean Health ETF (AHOY) is 0.00%, while Bridges Capital Tactical ETF (BDGS) has a volatility of 7.99%. This indicates that AHOY experiences smaller price fluctuations and is considered to be less risky than BDGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.