SKRE vs. BDGS
Compare and contrast key facts about Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) and Bridges Capital Tactical ETF (BDGS).
SKRE and BDGS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKRE is a passively managed fund by Tuttle that tracks the performance of the S&P Regional Banks Select Industry. It was launched on Jan 4, 2024. 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: SKRE or BDGS.
Correlation
The correlation between SKRE and BDGS is 0.77, 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
SKRE vs. BDGS - Performance Comparison
Key characteristics
SKRE:
-0.62
BDGS:
1.39
SKRE:
-0.62
BDGS:
2.22
SKRE:
0.92
BDGS:
1.41
SKRE:
-0.63
BDGS:
1.74
SKRE:
-0.95
BDGS:
8.44
SKRE:
41.74%
BDGS:
1.88%
SKRE:
64.21%
BDGS:
11.51%
SKRE:
-63.05%
BDGS:
-9.12%
SKRE:
-47.53%
BDGS:
-2.90%
Returns By Period
In the year-to-date period, SKRE achieves a 11.13% return, which is significantly higher than BDGS's -0.27% return.
SKRE
11.13%
0.61%
-0.92%
-41.35%
N/A
N/A
BDGS
-0.27%
1.08%
4.30%
15.75%
N/A
N/A
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SKRE vs. BDGS - Expense Ratio Comparison
SKRE has a 0.75% expense ratio, which is lower than BDGS's 0.85% expense ratio.
Risk-Adjusted Performance
SKRE vs. BDGS — Risk-Adjusted Performance Rank
SKRE
BDGS
SKRE vs. BDGS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) 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
SKRE vs. BDGS - Dividend Comparison
SKRE's dividend yield for the trailing twelve months is around 2.84%, more than BDGS's 1.82% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 2.84% | 3.16% | 0.00% |
BDGS Bridges Capital Tactical ETF | 1.82% | 1.81% | 0.84% |
Drawdowns
SKRE vs. BDGS - Drawdown Comparison
The maximum SKRE drawdown since its inception was -63.05%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for SKRE and BDGS. For additional features, visit the drawdowns tool.
Volatility
SKRE vs. BDGS - Volatility Comparison
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) has a higher volatility of 33.60% compared to Bridges Capital Tactical ETF (BDGS) at 9.08%. This indicates that SKRE'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.