ONOF vs. BDGS
Compare and contrast key facts about Global X Adaptive U.S. Risk Management ETF (ONOF) and Bridges Capital Tactical ETF (BDGS).
ONOF and BDGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ONOF is a passively managed fund by Global X that tracks the performance of the Adaptive Wealth Strategies U.S. Risk Management Index. It was launched on Jan 12, 2021. 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: ONOF or BDGS.
Correlation
The correlation between ONOF and BDGS is 0.71, 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.
Performance
ONOF vs. BDGS - Performance Comparison
Key characteristics
ONOF:
1.44
BDGS:
3.93
ONOF:
1.96
BDGS:
6.97
ONOF:
1.26
BDGS:
2.22
ONOF:
2.06
BDGS:
8.59
ONOF:
6.15
BDGS:
37.69
ONOF:
2.97%
BDGS:
0.54%
ONOF:
12.72%
BDGS:
5.24%
ONOF:
-26.21%
BDGS:
-5.38%
ONOF:
-1.35%
BDGS:
-0.39%
Returns By Period
In the year-to-date period, ONOF achieves a 2.95% return, which is significantly higher than BDGS's 2.31% return.
ONOF
2.95%
2.13%
9.74%
17.05%
N/A
N/A
BDGS
2.31%
1.75%
11.69%
20.33%
N/A
N/A
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ONOF vs. BDGS - Expense Ratio Comparison
ONOF has a 0.39% expense ratio, which is lower than BDGS's 0.85% expense ratio.
Risk-Adjusted Performance
ONOF vs. BDGS — Risk-Adjusted Performance Rank
ONOF
BDGS
ONOF vs. BDGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Adaptive U.S. Risk Management ETF (ONOF) 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.
Dividends
ONOF vs. BDGS - Dividend Comparison
ONOF's dividend yield for the trailing twelve months is around 0.91%, less than BDGS's 1.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
ONOF Global X Adaptive U.S. Risk Management ETF | 0.91% | 0.93% | 1.37% | 1.92% | 0.69% |
BDGS Bridges Capital Tactical ETF | 1.77% | 1.81% | 0.84% | 0.00% | 0.00% |
Drawdowns
ONOF vs. BDGS - Drawdown Comparison
The maximum ONOF drawdown since its inception was -26.21%, which is greater than BDGS's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for ONOF and BDGS. For additional features, visit the drawdowns tool.
Volatility
ONOF vs. BDGS - Volatility Comparison
Global X Adaptive U.S. Risk Management ETF (ONOF) has a higher volatility of 4.15% compared to Bridges Capital Tactical ETF (BDGS) at 2.13%. This indicates that ONOF'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.