FFLC vs. BDGS

Last updated Jun 21, 2026

FFLC (Fidelity Fundamental Large Cap Core ETF) and BDGS (Bridges Capital Tactical ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 3 years, FFLC returned 22.73%/yr vs 13.85%/yr for BDGS. A 0.77 correlation means they provide meaningful diversification when combined. FFLC charges 0.38%/yr vs 0.87%/yr for BDGS.

Performance

FFLC vs. BDGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Fundamental Large Cap Core ETF (FFLC) and Bridges Capital Tactical ETF (BDGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFLC achieves a 11.82% return, which is significantly higher than BDGS's 5.33% return.

FFLC

• 1D: 1.29%
• 1M: 2.38%
• YTD: 11.82%
• 6M: 12.47%
• 1Y: 28.51%
• 3Y*: 22.73%
• 5Y*: 17.27%
• 10Y*: —

BDGS

• 1D: 0.71%
• 1M: 0.07%
• YTD: 5.33%
• 6M: 5.49%
• 1Y: 13.68%
• 3Y*: 13.85%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FFLC vs. BDGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FFLC Fidelity Fundamental Large Cap Core ETF	11.82%	17.67%	27.89%	17.33%
BDGS Bridges Capital Tactical ETF	5.33%	10.61%	19.07%	8.23%

Correlation

The correlation between FFLC and BDGS is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 11, 2023	0.77

The correlation between FFLC and BDGS has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

FFLC vs. BDGS - Sectors Allocation Comparison

Sectors	FFLC	BDGS
Technology	32.5%	37.4%
Financial Services	11.6%	9.3%
Industrials	11.5%	6.6%
Communication Services	10.9%	16.6%
Consumer Cyclical	9.7%	10.9%
Healthcare	8.1%	7.5%
Consumer Defensive	4.6%	4.1%
Energy	4.4%	2.6%
Utilities	2.6%	1.9%
Basic Materials	1.7%	1.5%
Real Estate	1.1%	1.5%

Return for Risk

FFLC vs. BDGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFLC

FFLC Risk / Return Rank: 66
FFLC Sharpe Ratio Rank: 68
FFLC Sortino Ratio Rank: 66
FFLC Omega Ratio Rank: 67
FFLC Calmar Ratio Rank: 60
FFLC Martin Ratio Rank: 71

BDGS

BDGS Risk / Return Rank: 74
BDGS Sharpe Ratio Rank: 68
BDGS Sortino Ratio Rank: 76
BDGS Omega Ratio Rank: 78
BDGS Calmar Ratio Rank: 69
BDGS Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FFLC vs. BDGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Core ETF (FFLC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FFLC	BDGS	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.11	0.00
Sortino ratio: Return per unit of downside risk	2.86	3.16	-0.30
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	2.83	3.31	-0.47
Martin ratio: Return relative to average drawdown	12.65	14.81	-2.16

FFLC vs. BDGS - Sharpe Ratio Comparison

The current FFLC Sharpe Ratio is 2.11, which is comparable to the BDGS Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of FFLC and BDGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FFLC vs. BDGS - Drawdown Comparison

The maximum FFLC drawdown since its inception was -19.72%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for FFLC and BDGS.

Drawdown Indicators

	FFLC	BDGS	Difference
Max Drawdown Largest peak-to-trough decline	-19.72%	-9.12%	-10.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-4.03%	-5.95%
Max Drawdown (3Y) Largest decline over 3 years	-19.72%	-9.12%	-10.60%
Max Drawdown (5Y) Largest decline over 5 years	-19.72%	—	—
Current Drawdown Current decline from peak	0.00%	-1.11%	+1.11%
Average Drawdown Average peak-to-trough decline	-2.98%	-0.66%	-2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	0.90%	+1.33%

Volatility

FFLC vs. BDGS - Volatility Comparison

Fidelity Fundamental Large Cap Core ETF (FFLC) has a higher volatility of 5.01% compared to Bridges Capital Tactical ETF (BDGS) at 2.18%. This indicates that FFLC'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.

Volatility by Period

	FFLC	BDGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	2.18%	+2.83%
Volatility (6M) Calculated over the trailing 6-month period	10.65%	5.11%	+5.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.42%	6.33%	+7.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	8.22%	+8.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	8.22%	+9.46%

FFLC vs. BDGS - Expense Ratio Comparison

FFLC has a 0.38% expense ratio, which is lower than BDGS's 0.87% expense ratio.

Dividends

FFLC vs. BDGS - Dividend Comparison

FFLC's dividend yield for the trailing twelve months is around 1.20%, more than BDGS's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BDGS Bridges Capital Tactical ETF	0.52%	0.55%	1.81%	0.84%	0.00%	0.00%	0.00%
FFLC Fidelity Fundamental Large Cap Core ETF	0.98%	1.10%	0.82%	0.57%	1.67%	1.68%	0.89%

Frequently Asked Questions

Can I hold both FFLC and BDGS in my portfolio?

FFLC and BDGS have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFLC or BDGS?

FFLC has higher volatility (5.01%) compared to BDGS (2.18%). In terms of maximum drawdown, FFLC dropped -19.72% vs BDGS's -9.12%.

Which ETF is better, FFLC or BDGS?

On 3-year performance, FFLC leads with 22.73% vs 13.85% for BDGS. On fees, FFLC is cheaper at 0.38% per year. On volatility, BDGS has been the lower-risk option at 2.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFLC or BDGS?

Over the 3-year period, FFLC has performed better with a 22.73% return vs 13.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFLC or BDGS?

FFLC is cheaper with a 0.38% expense ratio, compared with 0.87% for BDGS.

Which ETF pays a higher dividend yield, FFLC or BDGS?

FFLC has the higher dividend yield at 0.98%, compared with 0.52% for BDGS.

What is the main difference between FFLC and BDGS?

They also come from different issuers: Fidelity and Bridges. Their fees differ too: 0.38% for FFLC and 0.87% for BDGS.

Which has better risk-adjusted returns?

FFLC currently has the higher Sharpe Ratio (2.11 vs 2.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.