CDEI vs. BDGS
Compare and contrast key facts about Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) and Bridges Capital Tactical ETF (BDGS).
CDEI and BDGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CDEI is a passively managed fund by Calvert that tracks the performance of the Russell 1000 Index. It was launched on Jan 30, 2023. 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: CDEI or BDGS.
Key characteristics
| CDEI | BDGS | |
|---|---|---|
| YTD Return | 13.32% | 12.74% |
| 1Y Return | 24.07% | 18.99% |
| Sharpe Ratio | 1.91 | 2.89 |
| Daily Std Dev | 12.65% | 6.58% |
| Max Drawdown | -9.98% | -5.38% |
| Current Drawdown | -1.58% | -0.15% |
Correlation
The correlation between CDEI and BDGS is 0.74, 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
CDEI vs. BDGS - Performance Comparison
The year-to-date returns for both stocks are quite close, with CDEI having a 13.32% return and BDGS slightly lower at 12.74%. 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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CDEI vs. BDGS - Expense Ratio Comparison
CDEI has a 0.14% expense ratio, which is lower than BDGS's 0.85% expense ratio.
Risk-Adjusted Performance
CDEI vs. BDGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) 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
CDEI vs. BDGS - Dividend Comparison
CDEI's dividend yield for the trailing twelve months is around 1.00%, more than BDGS's 0.74% yield.
| TTM | 2023 | |
|---|---|---|
CDEI Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF | 1.00% | 1.16% |
BDGS Bridges Capital Tactical ETF | 0.74% | 0.84% |
Drawdowns
CDEI vs. BDGS - Drawdown Comparison
The maximum CDEI drawdown since its inception was -9.98%, which is greater than BDGS's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for CDEI and BDGS. For additional features, visit the drawdowns tool.
Volatility
CDEI vs. BDGS - Volatility Comparison
Calvert US Large-Cap Diversity, Equity And Inclusion Index ETF (CDEI) has a higher volatility of 4.55% compared to Bridges Capital Tactical ETF (BDGS) at 0.81%. This indicates that CDEI'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.