KLMN vs. BDGS

Last updated Jun 4, 2026

KLMN (Invesco MSCI North America Climate ETF) and BDGS (Bridges Capital Tactical ETF) are both Large Cap Blend Equities funds. KLMN is passively managed, while BDGS is actively managed. Over the past year, KLMN returned 27.74% vs 13.85% for BDGS. Their correlation of 0.84 suggests significant overlap in exposure. KLMN charges 0.09%/yr vs 0.87%/yr for BDGS.

Performance

KLMN vs. BDGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI North America Climate ETF (KLMN) 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, KLMN achieves a 10.80% return, which is significantly higher than BDGS's 5.64% return.

KLMN

• 1D: -0.74%
• 1M: 5.01%
• YTD: 10.80%
• 6M: 10.80%
• 1Y: 27.74%
• 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)

KLMN vs. BDGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KLMN Invesco MSCI North America Climate ETF	10.80%	18.24%	-3.62%
BDGS Bridges Capital Tactical ETF	5.64%	10.61%	-0.40%

Correlation

The correlation between KLMN and BDGS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.84

The correlation between KLMN and BDGS has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

Return for Risk

KLMN vs. BDGS — Risk / Return Rank

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

KLMN

KLMN Risk / Return Rank: 70
KLMN Sharpe Ratio Rank: 71
KLMN Sortino Ratio Rank: 69
KLMN Omega Ratio Rank: 69
KLMN Calmar Ratio Rank: 64
KLMN Martin Ratio Rank: 75

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.

KLMN vs. BDGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI North America Climate ETF (KLMN) 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.

	KLMN	BDGS	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.29	-0.01
Sortino ratio: Return per unit of downside risk	3.12	3.40	-0.29
Omega ratio: Gain probability vs. loss probability	1.41	1.47	-0.07
Calmar ratio: Return relative to maximum drawdown	3.11	3.45	-0.34
Martin ratio: Return relative to average drawdown	14.14	16.47	-2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLMN vs. BDGS - Sharpe Ratio Comparison

The current KLMN Sharpe Ratio is 2.28, which is comparable to the BDGS Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of KLMN 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

	KLMN	BDGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	2.29	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	1.76	-0.77

Drawdowns

KLMN vs. BDGS - Drawdown Comparison

The maximum KLMN drawdown since its inception was -19.16%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for KLMN and BDGS.

Drawdown Indicators

	KLMN	BDGS	Difference
Max Drawdown Largest peak-to-trough decline	-19.16%	-9.12%	-10.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-4.03%	-4.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.12%	—
Current Drawdown Current decline from peak	-0.74%	-0.83%	+0.09%
Average Drawdown Average peak-to-trough decline	-2.54%	-0.64%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	0.84%	+1.13%

Volatility

KLMN vs. BDGS - Volatility Comparison

Invesco MSCI North America Climate ETF (KLMN) has a higher volatility of 2.95% compared to Bridges Capital Tactical ETF (BDGS) at 1.14%. This indicates that KLMN'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

	KLMN	BDGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	1.14%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	4.74%	+4.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	6.08%	+6.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.61%	8.21%	+9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.61%	8.21%	+9.40%

KLMN vs. BDGS - Expense Ratio Comparison

KLMN has a 0.09% expense ratio, which is lower than BDGS's 0.87% expense ratio.

Dividends

KLMN vs. BDGS - Dividend Comparison

KLMN's dividend yield for the trailing twelve months is around 1.28%, 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%
KLMN Invesco MSCI North America Climate ETF	1.28%	1.25%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLMN and BDGS in my portfolio?

KLMN and BDGS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KLMN or BDGS?

KLMN has higher volatility (2.95%) compared to BDGS (1.14%). In terms of maximum drawdown, KLMN dropped -19.16% vs BDGS's -9.12%.

Which ETF is better, KLMN or BDGS?

On 1-year performance, KLMN leads with 27.74% vs 13.85% for BDGS. On fees, KLMN is cheaper at 0.09% 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, KLMN or BDGS?

Over the 1-year period, KLMN has performed better with a 27.74% return vs 13.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KLMN or BDGS?

KLMN is cheaper with a 0.09% expense ratio, compared with 0.87% for BDGS.

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

KLMN has the higher dividend yield at 1.28%, compared with 0.52% for BDGS.

What is the main difference between KLMN and BDGS?

They also come from different issuers: Invesco and Bridges. Their fees differ too: 0.09% for KLMN and 0.87% for BDGS.

Which has better risk-adjusted returns?

BDGS currently has the higher Sharpe Ratio (2.29 vs 2.28), 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.