JPEF vs. BDGS

Last updated Jun 4, 2026

JPEF (JPMorgan Equity Focus ETF) and BDGS (Bridges Capital Tactical ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, JPEF returned 19.43% vs 13.85% for BDGS. A 0.76 correlation means they provide meaningful diversification when combined. JPEF charges 0.50%/yr vs 0.85%/yr for BDGS.

Performance

JPEF vs. BDGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Focus ETF (JPEF) 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, JPEF achieves a 7.80% return, which is significantly higher than BDGS's 5.64% return.

JPEF

• 1D: -0.61%
• 1M: 3.38%
• YTD: 7.80%
• 6M: 7.01%
• 1Y: 19.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDGS

• 1D: -0.29%
• 1M: 1.26%
• YTD: 5.64%
• 6M: 5.65%
• 1Y: 13.85%
• 3Y*: 14.06%
• 5Y*: —
• 10Y*: —

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

JPEF vs. BDGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPEF JPMorgan Equity Focus ETF	7.80%	12.07%	28.19%	5.72%
BDGS Bridges Capital Tactical ETF	5.64%	10.61%	19.07%	5.47%

Correlation

The correlation between JPEF and BDGS is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.76

The correlation between JPEF and BDGS has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

JPEF vs. BDGS - Sectors Allocation Comparison

Sectors	JPEF	BDGS
Technology	29.0%	37.4%
Financial Services	14.0%	9.3%
Communication Services	12.1%	16.6%
Consumer Cyclical	11.8%	10.9%
Industrials	9.3%	6.6%
Healthcare	8.7%	7.5%
Energy	5.2%	2.6%
Utilities	2.9%	1.9%
Real Estate	2.6%	1.5%
Basic Materials	2.2%	1.5%
Consumer Defensive	2.0%	4.1%

Return for Risk

JPEF vs. BDGS — Risk / Return Rank

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

JPEF

JPEF Risk / Return Rank: 51
JPEF Sharpe Ratio Rank: 49
JPEF Sortino Ratio Rank: 49
JPEF Omega Ratio Rank: 50
JPEF Calmar Ratio Rank: 48
JPEF Martin Ratio Rank: 60

BDGS

BDGS Risk / Return Rank: 74
BDGS Sharpe Ratio Rank: 68
BDGS Sortino Ratio Rank: 74
BDGS Omega Ratio Rank: 78
BDGS Calmar Ratio Rank: 68
BDGS Martin Ratio Rank: 81

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.

JPEF vs. BDGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Focus ETF (JPEF) 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.

	JPEF	BDGS	Difference
Sharpe ratio Return per unit of total volatility	1.72	2.29	-0.57
Sortino ratio Return per unit of downside risk	2.43	3.40	-0.97
Omega ratio Gain probability vs. loss probability	1.32	1.47	-0.16
Calmar ratio Return relative to maximum drawdown	2.36	3.45	-1.09
Martin ratio Return relative to average drawdown	10.68	16.47	-5.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPEF vs. BDGS - Sharpe Ratio Comparison

The current JPEF Sharpe Ratio is 1.72, which is comparable to the BDGS Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of JPEF 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.

Sharpe Ratios by Period

	JPEF	BDGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.29	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	1.76	-0.49

Drawdowns

JPEF vs. BDGS - Drawdown Comparison

The maximum JPEF drawdown since its inception was -18.09%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for JPEF and BDGS.

Drawdown Indicators

	JPEF	BDGS	Difference
Max Drawdown Largest peak-to-trough decline	-18.09%	-9.12%	-8.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-4.03%	-4.22%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.12%	—
Current Drawdown Current decline from peak	-0.81%	-0.83%	+0.02%
Average Drawdown Average peak-to-trough decline	-2.15%	-0.64%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	0.84%	+0.98%

Volatility

JPEF vs. BDGS - Volatility Comparison

JPMorgan Equity Focus ETF (JPEF) has a higher volatility of 3.01% compared to Bridges Capital Tactical ETF (BDGS) at 1.14%. This indicates that JPEF'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

	JPEF	BDGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	1.14%	+1.87%
Volatility (6M) Calculated over the trailing 6-month period	8.64%	4.74%	+3.90%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	6.08%	+5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	8.21%	+6.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	8.21%	+6.81%

JPEF vs. BDGS - Expense Ratio Comparison

JPEF has a 0.50% expense ratio, which is lower than BDGS's 0.85% expense ratio.

Dividends

JPEF vs. BDGS - Dividend Comparison

JPEF's dividend yield for the trailing twelve months is around 0.65%, more than BDGS's 0.52% yield.

Position	TTM	2025	2024	2023
BDGS Bridges Capital Tactical ETF	0.52%	0.55%	1.81%	0.84%
JPEF JPMorgan Equity Focus ETF	0.65%	0.70%	0.71%	0.39%

Frequently Asked Questions

Can I hold both JPEF and BDGS in my portfolio?

JPEF and BDGS have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPEF or BDGS?

JPEF has higher volatility (3.01%) compared to BDGS (1.14%). In terms of maximum drawdown, JPEF dropped -18.09% vs BDGS's -9.12%.

Which ETF is better, JPEF or BDGS?

On 1-year performance, JPEF leads with 19.43% vs 13.85% for BDGS. On fees, JPEF is cheaper at 0.50% per year. On volatility, BDGS has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPEF or BDGS?

Over the 1-year period, JPEF has performed better with a 19.43% return vs 13.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPEF or BDGS?

JPEF is cheaper with a 0.50% expense ratio, compared with 0.85% for BDGS.

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

JPEF has the higher dividend yield at 0.65%, compared with 0.52% for BDGS.

What is the main difference between JPEF and BDGS?

They also come from different issuers: JPMorgan and Bridges. Their fees differ too: 0.50% for JPEF and 0.85% for BDGS.

Which has better risk-adjusted returns?

BDGS currently has the higher Sharpe Ratio (2.29 vs 1.72), 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.