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SHE vs. BDGS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SHE vs. BDGS

Last updated Jun 4, 2026

SHE (SPDR SSGA Gender Diversity Index ETF) and BDGS (Bridges Capital Tactical ETF) are both exchange-traded funds - SHE is a Large Cap Growth Equities fund tracking the SSGA Gender Diversity (TR), while BDGS is a Large Cap Blend Equities fund actively managed by Bridges. SHE is passively managed, while BDGS is actively managed. Over the past 3 years, SHE returned 24.28%/yr vs 14.06%/yr for BDGS. A 0.69 correlation means they provide meaningful diversification when combined. SHE charges 0.20%/yr vs 0.85%/yr for BDGS.

Performance

SHE vs. BDGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Gender Diversity Index ETF (SHE) and Bridges Capital Tactical ETF (BDGS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SHE achieves a 19.56% return, which is significantly higher than BDGS's 5.64% return.

SHE

1D
-0.58%
1M
10.08%
YTD
19.56%
6M
21.08%
1Y
31.32%
3Y*
24.28%
5Y*
10.89%
10Y*
12.83%

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)

SHE vs. BDGS - Yearly Performance Comparison

2026 (YTD)202520242023
SHE
SPDR SSGA Gender Diversity Index ETF		19.56%15.50%23.35%15.74%
BDGS
Bridges Capital Tactical ETF		5.64%10.61%19.07%8.31%

Correlation

The correlation between SHE and BDGS is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.69

Correlation (All Time)
Calculated using the full available price history since May 12, 2023

0.69

The correlation between SHE and BDGS has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.

SHE vs. BDGS - Sectors Allocation Comparison

Sectors
SHE
BDGS

Technology

38.0%
37.4%

Financial Services

11.9%
9.3%

Communication Services

9.5%
16.6%

Industrials

8.9%
6.6%

Consumer Cyclical

8.9%
10.9%

Healthcare

8.7%
7.5%

Consumer Defensive

4.6%
4.1%

Energy

3.4%
2.6%

Utilities

2.2%
1.9%

Real Estate

1.9%
1.5%

Basic Materials

1.9%
1.5%

Technology

SHE
38.0%
BDGS
37.4%

Financial Services

SHE
11.9%
BDGS
9.3%

Communication Services

SHE
9.5%
BDGS
16.6%

Industrials

SHE
8.9%
BDGS
6.6%

Consumer Cyclical

SHE
8.9%
BDGS
10.9%

Healthcare

SHE
8.7%
BDGS
7.5%

Consumer Defensive

SHE
4.6%
BDGS
4.1%

Energy

SHE
3.4%
BDGS
2.6%

Utilities

SHE
2.2%
BDGS
1.9%

Real Estate

SHE
1.9%
BDGS
1.5%

Basic Materials

SHE
1.9%
BDGS
1.5%

Compare stocks, funds, or ETFs

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SPDR SSGA Gender Diversity Index ETF

Bridges Capital Tactical ETF

Often compared with SHE:
SHE vs. SPYSHE vs. VOOSHE vs. VEGNSHE vs. SCHXSHE vs. VTISHE vs. ESGVSHE vs. ^GSPC
Often compared with BDGS:
BDGS vs. AFLGBDGS vs. AAPYBDGS vs. GDEBDGS vs. BEEZBDGS vs. AMZPBDGS vs. CFABDGS vs. MODL

Return for Risk

SHE vs. BDGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHE
SHE Risk / Return Rank: 7474
Overall Rank
SHE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
SHE Sortino Ratio Rank: 7575
Sortino Ratio Rank
SHE Omega Ratio Rank: 7070
Omega Ratio Rank
SHE Calmar Ratio Rank: 7373
Calmar Ratio Rank
SHE Martin Ratio Rank: 7777
Martin Ratio Rank
BDGS
BDGS Risk / Return Rank: 7474
Overall Rank
BDGS Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
BDGS Sortino Ratio Rank: 7474
Sortino Ratio Rank
BDGS Omega Ratio Rank: 7878
Omega Ratio Rank
BDGS Calmar Ratio Rank: 6868
Calmar Ratio Rank
BDGS Martin Ratio Rank: 8181
Martin Ratio Rank
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.

SHE vs. BDGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Gender Diversity Index ETF (SHE) 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.

SHEBDGSDifference

Sharpe ratio

Return per unit of total volatility

2.43

2.29

+0.15

Sortino ratio

Return per unit of downside risk

3.43

3.40

+0.02

Omega ratio

Gain probability vs. loss probability

1.43

1.47

-0.05

Calmar ratio

Return relative to maximum drawdown

3.68

3.45

+0.23

Martin ratio

Return relative to average drawdown

14.98

16.47

-1.49

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHE vs. BDGS - Sharpe Ratio Comparison

The current SHE Sharpe Ratio is 2.43, which is comparable to the BDGS Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SHE 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.

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Sharpe Ratios by Period

SHEBDGSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.43

2.29

+0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

1.76

-1.02

Drawdowns

SHE vs. BDGS - Drawdown Comparison

The maximum SHE drawdown since its inception was -35.80%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for SHE and BDGS.

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Drawdown Indicators

SHEBDGSDifference

Max Drawdown

Largest peak-to-trough decline

-35.80%

-9.12%

-26.68%

Max Drawdown (1Y)

Largest decline over 1 year

-8.54%

-4.03%

-4.51%

Max Drawdown (3Y)

Largest decline over 3 years

-17.07%

-9.12%

-7.95%

Max Drawdown (5Y)

Largest decline over 5 years

-31.69%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-35.80%

—

—

Current Drawdown

Current decline from peak

-0.58%

-0.83%

+0.25%

Average Drawdown

Average peak-to-trough decline

-6.30%

-0.64%

-5.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

0.84%

+1.26%

Volatility

SHE vs. BDGS - Volatility Comparison

SPDR SSGA Gender Diversity Index ETF (SHE) has a higher volatility of 5.06% compared to Bridges Capital Tactical ETF (BDGS) at 1.14%. This indicates that SHE'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.

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Volatility by Period

SHEBDGSDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.06%

1.14%

+3.92%

Volatility (6M)

Calculated over the trailing 6-month period

10.29%

4.74%

+5.55%

Volatility (1Y)

Calculated over the trailing 1-year period

12.94%

6.08%

+6.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.22%

8.21%

+9.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.04%

8.21%

+9.83%

SHE vs. BDGS - Expense Ratio Comparison

SHE has a 0.20% expense ratio, which is lower than BDGS's 0.85% expense ratio.

Dividends

SHE vs. BDGS - Dividend Comparison

SHE's dividend yield for the trailing twelve months is around 1.06%, more than BDGS's 0.52% yield.

PositionTTM2025202420232022202120202019201820172016
BDGS
Bridges Capital Tactical ETF		0.52%0.55%1.81%0.84%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SHE
SPDR SSGA Gender Diversity Index ETF		1.06%1.18%1.14%1.37%1.54%0.99%1.24%1.91%7.39%5.37%6.41%

Frequently Asked Questions

SHE and BDGS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SHE has higher volatility (5.06%) compared to BDGS (1.14%). In terms of maximum drawdown, SHE dropped -35.80% vs BDGS's -9.12%.

On 3-year performance, SHE leads with 24.28% vs 14.06% for BDGS. On fees, SHE is cheaper at 0.20% 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.

Over the 3-year period, SHE has performed better with a 24.28% return vs 14.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SHE is cheaper with a 0.20% expense ratio, compared with 0.85% for BDGS.

SHE has the higher dividend yield at 1.06%, compared with 0.52% for BDGS.

SHE is categorized as Large Cap Growth Equities, while BDGS is Large Cap Blend Equities. They also come from different issuers: State Street and Bridges. Their fees differ too: 0.20% for SHE and 0.85% for BDGS.

SHE currently has the higher Sharpe Ratio (2.43 vs 2.29), 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.

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