Correlation
The correlation between CANQ and BDGS is 0.78, 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.
CANQ vs. BDGS
Compare and contrast key facts about Calamos Alternative Nasdaq & Bond ETF (CANQ) and Bridges Capital Tactical ETF (BDGS).
CANQ and BDGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CANQ is an actively managed fund by Calamos. It was launched on Feb 13, 2024. 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: CANQ or BDGS.
Performance
CANQ vs. BDGS - Performance Comparison
Loading data...
Key characteristics
CANQ:
1.11
BDGS:
1.49
CANQ:
1.53
BDGS:
2.34
CANQ:
1.20
BDGS:
1.43
CANQ:
1.21
BDGS:
1.86
CANQ:
3.27
BDGS:
8.69
CANQ:
4.72%
BDGS:
1.95%
CANQ:
14.83%
BDGS:
11.54%
CANQ:
-12.79%
BDGS:
-9.12%
CANQ:
-4.00%
BDGS:
-0.62%
Returns By Period
In the year-to-date period, CANQ achieves a 0.77% return, which is significantly lower than BDGS's 2.08% return.
CANQ
0.77%
3.67%
3.50%
16.36%
N/A
N/A
N/A
BDGS
2.08%
2.34%
2.66%
17.07%
N/A
N/A
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.
CANQ vs. BDGS - Expense Ratio Comparison
CANQ has a 0.90% expense ratio, which is higher than BDGS's 0.85% expense ratio.
Risk-Adjusted Performance
CANQ vs. BDGS — Risk-Adjusted Performance Rank
CANQ
BDGS
CANQ vs. BDGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Alternative Nasdaq & Bond ETF (CANQ) 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.
Loading data...
Dividends
CANQ vs. BDGS - Dividend Comparison
CANQ's dividend yield for the trailing twelve months is around 5.49%, more than BDGS's 1.77% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CANQ Calamos Alternative Nasdaq & Bond ETF | 5.49% | 4.19% | 0.00% |
BDGS Bridges Capital Tactical ETF | 1.77% | 1.81% | 0.84% |
Drawdowns
CANQ vs. BDGS - Drawdown Comparison
The maximum CANQ drawdown since its inception was -12.79%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for CANQ and BDGS.
Loading data...
Volatility
CANQ vs. BDGS - Volatility Comparison
Calamos Alternative Nasdaq & Bond ETF (CANQ) has a higher volatility of 2.75% compared to Bridges Capital Tactical ETF (BDGS) at 1.23%. This indicates that CANQ'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.
Loading data...