CVRD vs. BDGS
Compare and contrast key facts about Madison Covered Call ETF (CVRD) and Bridges Capital Tactical ETF (BDGS).
CVRD and BDGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVRD is an actively managed fund by Madison. It was launched on Aug 21, 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: CVRD or BDGS.
Correlation
The correlation between CVRD and BDGS is 0.59, 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
CVRD vs. BDGS - Performance Comparison
Key characteristics
CVRD:
0.65
BDGS:
3.96
CVRD:
0.90
BDGS:
7.03
CVRD:
1.12
BDGS:
2.23
CVRD:
1.14
BDGS:
8.68
CVRD:
2.85
BDGS:
38.02
CVRD:
1.70%
BDGS:
0.55%
CVRD:
7.51%
BDGS:
5.25%
CVRD:
-6.47%
BDGS:
-5.38%
CVRD:
-3.18%
BDGS:
-0.15%
Returns By Period
In the year-to-date period, CVRD achieves a -0.24% return, which is significantly lower than BDGS's 2.55% return.
CVRD
-0.24%
-1.24%
0.43%
4.71%
N/A
N/A
BDGS
2.55%
0.87%
9.10%
20.72%
N/A
N/A
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CVRD vs. BDGS - Expense Ratio Comparison
CVRD has a 0.90% expense ratio, which is higher than BDGS's 0.85% expense ratio.
Risk-Adjusted Performance
CVRD vs. BDGS — Risk-Adjusted Performance Rank
CVRD
BDGS
CVRD vs. BDGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Madison Covered Call ETF (CVRD) 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
CVRD vs. BDGS - Dividend Comparison
CVRD's dividend yield for the trailing twelve months is around 15.74%, more than BDGS's 1.77% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CVRD Madison Covered Call ETF | 15.74% | 15.70% | 0.53% |
BDGS Bridges Capital Tactical ETF | 1.77% | 1.81% | 0.84% |
Drawdowns
CVRD vs. BDGS - Drawdown Comparison
The maximum CVRD drawdown since its inception was -6.47%, which is greater than BDGS's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for CVRD and BDGS. For additional features, visit the drawdowns tool.
Volatility
CVRD vs. BDGS - Volatility Comparison
Madison Covered Call ETF (CVRD) has a higher volatility of 1.86% compared to Bridges Capital Tactical ETF (BDGS) at 1.22%. This indicates that CVRD'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.