RAYD vs. BDGS
Compare and contrast key facts about Rayliant Quantitative Developed Market Equity ETF (RAYD) and Bridges Capital Tactical ETF (BDGS).
RAYD and BDGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RAYD is an actively managed fund by Rayliant. It was launched on Dec 15, 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: RAYD or BDGS.
Key characteristics
| RAYD | BDGS | |
|---|---|---|
| YTD Return | 22.32% | 12.74% |
| 1Y Return | 29.29% | 19.12% |
| Sharpe Ratio | 2.35 | 2.89 |
| Daily Std Dev | 12.51% | 6.58% |
| Max Drawdown | -21.00% | -5.38% |
| Current Drawdown | -0.36% | -0.15% |
Correlation
The correlation between RAYD and BDGS is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RAYD vs. BDGS - Performance Comparison
In the year-to-date period, RAYD achieves a 22.32% return, which is significantly higher than BDGS's 12.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RAYD vs. BDGS - Expense Ratio Comparison
RAYD has a 0.80% expense ratio, which is lower than BDGS's 0.85% expense ratio.
Risk-Adjusted Performance
RAYD vs. BDGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant Quantitative Developed Market Equity ETF (RAYD) 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
RAYD vs. BDGS - Dividend Comparison
RAYD's dividend yield for the trailing twelve months is around 1.33%, more than BDGS's 0.74% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
RAYD Rayliant Quantitative Developed Market Equity ETF | 1.33% | 1.63% | 1.39% | 0.01% |
BDGS Bridges Capital Tactical ETF | 0.74% | 0.84% | 0.00% | 0.00% |
Drawdowns
RAYD vs. BDGS - Drawdown Comparison
The maximum RAYD drawdown since its inception was -21.00%, which is greater than BDGS's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for RAYD and BDGS. For additional features, visit the drawdowns tool.
Volatility
RAYD vs. BDGS - Volatility Comparison
Rayliant Quantitative Developed Market Equity ETF (RAYD) has a higher volatility of 4.12% compared to Bridges Capital Tactical ETF (BDGS) at 0.68%. This indicates that RAYD'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.