PLTD vs. BDGS

Last updated Jul 14, 2026

PLTD (Direxion Daily PLTR Bear 1X Shares) and BDGS (Bridges Capital Tactical ETF) are both exchange-traded funds - PLTD is a Inverse Equities fund tracking the Palantir Technologies Inc. (-100%), while BDGS is a Large Cap Blend Equities fund actively managed by Bridges. PLTD is passively managed, while BDGS is actively managed. Over the past year, PLTD returned -9.20% vs 11.67% for BDGS. At a correlation of -0.62, they often move in opposite directions. PLTD charges 0.98%/yr vs 0.87%/yr for BDGS.

Performance

PLTD vs. BDGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bear 1X Shares (PLTD) 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, PLTD achieves a 21.25% return, which is significantly higher than BDGS's 5.76% return.

PLTD

• 1D: -2.71%
• 1M: -3.60%
• 6M: 23.12%
• YTD: 21.25%
• 1Y: -9.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDGS

• 1D: -0.21%
• 1M: 1.03%
• 6M: 5.24%
• YTD: 5.76%
• 1Y: 11.67%
• 3Y*: 13.83%
• 5Y*: —
• 10Y*: —

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

PLTD vs. BDGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTD Direxion Daily PLTR Bear 1X Shares	21.25%	-70.53%	-5.12%
BDGS Bridges Capital Tactical ETF	5.76%	10.61%	-0.06%

Correlation

The correlation between PLTD and BDGS is -0.61, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.61
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024	-0.62

The correlation between PLTD and BDGS has been stable across timeframes, ranging from -0.62 to -0.61 - a consistent structural relationship.

Return for Risk

PLTD vs. BDGS — Risk / Return Rank

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

PLTD

PLTD Risk / Return Rank: 8
PLTD Sharpe Ratio Rank: 7
PLTD Sortino Ratio Rank: 9
PLTD Omega Ratio Rank: 9
PLTD Calmar Ratio Rank: 7
PLTD Martin Ratio Rank: 6

BDGS

BDGS Risk / Return Rank: 76
BDGS Sharpe Ratio Rank: 72
BDGS Sortino Ratio Rank: 78
BDGS Omega Ratio Rank: 79
BDGS Calmar Ratio Rank: 72
BDGS Martin Ratio Rank: 78

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.

PLTD vs. BDGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PLTD	BDGS	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	1.84	-2.02
Sortino ratio: Return per unit of downside risk	0.10	2.76	-2.66
Omega ratio: Gain probability vs. loss probability	1.01	1.37	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.30	2.91	-3.21
Martin ratio: Return relative to average drawdown	-0.58	11.86	-12.44

PLTD vs. BDGS - Sharpe Ratio Comparison

The current PLTD Sharpe Ratio is -0.18, which is lower than the BDGS Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of PLTD 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.

Drawdowns

PLTD vs. BDGS - Drawdown Comparison

The maximum PLTD drawdown since its inception was -77.34%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for PLTD and BDGS.

Drawdown Indicators

	PLTD	BDGS	Difference
Max Drawdown Largest peak-to-trough decline	-77.34%	-9.12%	-68.22%
Max Drawdown (1Y) Largest decline over 1 year	-30.55%	-4.03%	-26.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.12%	—
Current Drawdown Current decline from peak	-68.95%	-0.71%	-68.24%
Average Drawdown Average peak-to-trough decline	-59.83%	-0.67%	-59.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.14%	0.99%	+17.15%

Volatility

PLTD vs. BDGS - Volatility Comparison

Direxion Daily PLTR Bear 1X Shares (PLTD) has a higher volatility of 16.74% compared to Bridges Capital Tactical ETF (BDGS) at 2.36%. This indicates that PLTD'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

	PLTD	BDGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.74%	2.36%	+14.38%
Volatility (6M) Calculated over the trailing 6-month period	39.19%	5.28%	+33.91%
Volatility (1Y) Calculated over the trailing 1-year period	51.80%	6.37%	+45.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.04%	8.19%	+54.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.04%	8.19%	+54.85%

PLTD vs. BDGS - Expense Ratio Comparison

PLTD has a 0.98% expense ratio, which is higher than BDGS's 0.87% expense ratio.

Dividends

PLTD vs. BDGS - Dividend Comparison

PLTD's dividend yield for the trailing twelve months is around 2.89%, 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%
PLTD Direxion Daily PLTR Bear 1X Shares	2.89%	5.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTD and BDGS in my portfolio?

PLTD and BDGS have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTD or BDGS?

PLTD has higher volatility (16.74%) compared to BDGS (2.36%). In terms of maximum drawdown, PLTD dropped -77.34% vs BDGS's -9.12%.

Which ETF is better, PLTD or BDGS?

On 1-year performance, BDGS leads with 11.67% vs -9.20% for PLTD. On fees, BDGS is cheaper at 0.87% per year. On volatility, BDGS has been the lower-risk option at 2.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTD or BDGS?

Over the 1-year period, BDGS has performed better with a 11.67% return vs -9.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTD or BDGS?

BDGS is cheaper with a 0.87% expense ratio, compared with 0.98% for PLTD.

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

PLTD has the higher dividend yield at 2.89%, compared with 0.52% for BDGS.

What is the main difference between PLTD and BDGS?

PLTD is categorized as Inverse Equities, while BDGS is Large Cap Blend Equities. They also come from different issuers: Direxion and Bridges. Their fees differ too: 0.98% for PLTD and 0.87% for BDGS.

Which has better risk-adjusted returns?

BDGS currently has the higher Sharpe Ratio (1.84 vs -0.18), 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.