Correlation
The correlation between DFVE and BDGS is 0.77, 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.
DFVE vs. BDGS
Compare and contrast key facts about Doubleline Fortune 500 Equal Weight ETF (DFVE) and Bridges Capital Tactical ETF (BDGS).
DFVE and BDGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFVE is a passively managed fund by DoubleLine that tracks the performance of the Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross. It was launched on Jan 31, 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: DFVE or BDGS.
Performance
DFVE vs. BDGS - Performance Comparison
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Key characteristics
DFVE:
0.45
BDGS:
1.49
DFVE:
0.75
BDGS:
2.34
DFVE:
1.10
BDGS:
1.43
DFVE:
0.42
BDGS:
1.86
DFVE:
1.46
BDGS:
8.69
DFVE:
5.57%
BDGS:
1.95%
DFVE:
18.93%
BDGS:
11.54%
DFVE:
-19.43%
BDGS:
-9.12%
DFVE:
-5.94%
BDGS:
-0.62%
Returns By Period
In the year-to-date period, DFVE achieves a 1.10% return, which is significantly lower than BDGS's 2.08% return.
DFVE
1.10%
5.29%
-5.80%
7.06%
N/A
N/A
N/A
BDGS
2.08%
1.96%
2.66%
16.98%
N/A
N/A
N/A
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DFVE vs. BDGS - Expense Ratio Comparison
DFVE has a 0.20% expense ratio, which is lower than BDGS's 0.85% expense ratio.
Risk-Adjusted Performance
DFVE vs. BDGS — Risk-Adjusted Performance Rank
DFVE
BDGS
DFVE vs. BDGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) 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.
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Dividends
DFVE vs. BDGS - Dividend Comparison
DFVE's dividend yield for the trailing twelve months is around 1.65%, less than BDGS's 1.77% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
DFVE Doubleline Fortune 500 Equal Weight ETF | 1.65% | 1.53% | 0.00% |
BDGS Bridges Capital Tactical ETF | 1.77% | 1.81% | 0.84% |
Drawdowns
DFVE vs. BDGS - Drawdown Comparison
The maximum DFVE drawdown since its inception was -19.43%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for DFVE and BDGS.
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Volatility
DFVE vs. BDGS - Volatility Comparison
Doubleline Fortune 500 Equal Weight ETF (DFVE) has a higher volatility of 5.02% compared to Bridges Capital Tactical ETF (BDGS) at 1.23%. This indicates that DFVE'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.
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