Correlation
The correlation between HAPI and BDGS is 0.79, 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.
HAPI vs. BDGS
Compare and contrast key facts about Harbor Corporate Culture ETF (HAPI) and Bridges Capital Tactical ETF (BDGS).
HAPI and BDGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HAPI is a passively managed fund by Harbor Funds that tracks the performance of the CIBC Human Capital Index. It was launched on Oct 12, 2022. 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: HAPI or BDGS.
Performance
HAPI vs. BDGS - Performance Comparison
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Key characteristics
HAPI:
0.70
BDGS:
1.47
HAPI:
1.05
BDGS:
2.33
HAPI:
1.15
BDGS:
1.42
HAPI:
0.69
BDGS:
1.85
HAPI:
2.60
BDGS:
8.65
HAPI:
5.13%
BDGS:
1.95%
HAPI:
19.97%
BDGS:
11.54%
HAPI:
-19.46%
BDGS:
-9.12%
HAPI:
-3.01%
BDGS:
-0.77%
Returns By Period
The year-to-date returns for both stocks are quite close, with HAPI having a 1.97% return and BDGS slightly lower at 1.92%.
HAPI
1.97%
6.85%
0.05%
13.87%
N/A
N/A
N/A
BDGS
1.92%
2.09%
2.74%
16.85%
N/A
N/A
N/A
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HAPI vs. BDGS - Expense Ratio Comparison
HAPI has a 0.35% expense ratio, which is lower than BDGS's 0.85% expense ratio.
Risk-Adjusted Performance
HAPI vs. BDGS — Risk-Adjusted Performance Rank
HAPI
BDGS
HAPI vs. BDGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Corporate Culture ETF (HAPI) 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
HAPI vs. BDGS - Dividend Comparison
HAPI's dividend yield for the trailing twelve months is around 0.21%, less than BDGS's 1.78% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HAPI Harbor Corporate Culture ETF | 0.21% | 0.21% | 1.21% | 0.29% |
BDGS Bridges Capital Tactical ETF | 1.78% | 1.81% | 0.84% | 0.00% |
Drawdowns
HAPI vs. BDGS - Drawdown Comparison
The maximum HAPI drawdown since its inception was -19.46%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for HAPI and BDGS.
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Volatility
HAPI vs. BDGS - Volatility Comparison
Harbor Corporate Culture ETF (HAPI) has a higher volatility of 4.51% compared to Bridges Capital Tactical ETF (BDGS) at 1.24%. This indicates that HAPI'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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