BKGI vs. AGR
Compare and contrast key facts about Bny Mellon Global Infrastructure Income ETF (BKGI) and Avangrid, Inc. (AGR).
BKGI is an actively managed fund by BNY Mellon. It was launched on Nov 2, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKGI or AGR.
Key characteristics
| BKGI | AGR | |
|---|---|---|
| YTD Return | 15.53% | 15.36% |
| 1Y Return | 21.40% | 19.74% |
| Sharpe Ratio | 1.71 | 0.98 |
| Sortino Ratio | 2.38 | 1.84 |
| Omega Ratio | 1.30 | 1.29 |
| Calmar Ratio | 3.01 | 0.50 |
| Martin Ratio | 8.32 | 4.63 |
| Ulcer Index | 2.53% | 4.37% |
| Daily Std Dev | 12.30% | 20.73% |
| Max Drawdown | -14.79% | -44.27% |
| Current Drawdown | -3.15% | -25.48% |
Correlation
The correlation between BKGI and AGR is 0.51, 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
BKGI vs. AGR - Performance Comparison
The year-to-date returns for both stocks are quite close, with BKGI having a 15.53% return and AGR slightly lower at 15.36%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BKGI vs. AGR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bny Mellon Global Infrastructure Income ETF (BKGI) and Avangrid, Inc. (AGR). 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
BKGI vs. AGR - Dividend Comparison
BKGI's dividend yield for the trailing twelve months is around 3.84%, less than AGR's 4.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BKGI Bny Mellon Global Infrastructure Income ETF | 3.84% | 4.55% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGR Avangrid, Inc. | 4.89% | 5.43% | 4.09% | 3.53% | 3.87% | 3.44% | 3.48% | 3.42% | 4.56% |
Drawdowns
BKGI vs. AGR - Drawdown Comparison
The maximum BKGI drawdown since its inception was -14.79%, smaller than the maximum AGR drawdown of -44.27%. Use the drawdown chart below to compare losses from any high point for BKGI and AGR. For additional features, visit the drawdowns tool.
Volatility
BKGI vs. AGR - Volatility Comparison
Bny Mellon Global Infrastructure Income ETF (BKGI) has a higher volatility of 3.93% compared to Avangrid, Inc. (AGR) at 1.18%. This indicates that BKGI's price experiences larger fluctuations and is considered to be riskier than AGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.