OVLH vs. BDGS
Compare and contrast key facts about Overlay Shares Hedged Large Cap Equity ETF (OVLH) and Bridges Capital Tactical ETF (BDGS).
OVLH and BDGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OVLH is an actively managed fund by Liquid Strategies. It was launched on Jan 14, 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: OVLH or BDGS.
Correlation
The correlation between OVLH and BDGS is 0.74, 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
OVLH vs. BDGS - Performance Comparison
Key characteristics
OVLH:
2.03
BDGS:
3.77
OVLH:
2.92
BDGS:
6.44
OVLH:
1.37
BDGS:
2.18
OVLH:
3.37
BDGS:
7.78
OVLH:
12.13
BDGS:
34.75
OVLH:
1.45%
BDGS:
0.54%
OVLH:
8.70%
BDGS:
4.95%
OVLH:
-20.69%
BDGS:
-5.38%
OVLH:
-3.37%
BDGS:
-2.09%
Returns By Period
In the year-to-date period, OVLH achieves a -0.41% return, which is significantly lower than BDGS's -0.28% return.
OVLH
-0.41%
-2.84%
2.55%
17.52%
N/A
N/A
BDGS
-0.28%
-1.08%
6.99%
18.52%
N/A
N/A
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OVLH vs. BDGS - Expense Ratio Comparison
OVLH has a 0.78% expense ratio, which is lower than BDGS's 0.85% expense ratio.
Risk-Adjusted Performance
OVLH vs. BDGS — Risk-Adjusted Performance Rank
OVLH
BDGS
OVLH vs. BDGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Overlay Shares Hedged Large Cap Equity ETF (OVLH) 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
OVLH vs. BDGS - Dividend Comparison
OVLH has not paid dividends to shareholders, while BDGS's dividend yield for the trailing twelve months is around 1.82%.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
OVLH Overlay Shares Hedged Large Cap Equity ETF | 0.00% | 0.00% | 0.83% | 0.79% | 0.40% |
BDGS Bridges Capital Tactical ETF | 1.82% | 1.81% | 0.84% | 0.00% | 0.00% |
Drawdowns
OVLH vs. BDGS - Drawdown Comparison
The maximum OVLH drawdown since its inception was -20.69%, which is greater than BDGS's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for OVLH and BDGS. For additional features, visit the drawdowns tool.
Volatility
OVLH vs. BDGS - Volatility Comparison
Overlay Shares Hedged Large Cap Equity ETF (OVLH) has a higher volatility of 2.84% compared to Bridges Capital Tactical ETF (BDGS) at 2.54%. This indicates that OVLH'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.