SNDL vs. BDGS
SNDL (Sundial Growers Inc.) is a stock, while BDGS (Bridges Capital Tactical ETF) is Large Cap Blend Equities fund actively managed by Bridges. Over the past 3 years, SNDL returned -2.44%/yr vs 13.87%/yr for BDGS. At a 0.27 correlation, their price movements are largely independent.
Performance
SNDL vs. BDGS - Performance Comparison
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Returns By Period
In the year-to-date period, SNDL achieves a -21.69% return, which is significantly lower than BDGS's 5.86% return.
SNDL
- 1D
- -0.76%
- 1M
- -8.45%
- 6M
- -21.21%
- YTD
- -21.69%
- 1Y
- -17.72%
- 3Y*
- -2.44%
- 5Y*
- -30.76%
- 10Y*
- —
BDGS
- 1D
- 0.10%
- 1M
- 1.13%
- 6M
- 5.42%
- YTD
- 5.86%
- 1Y
- 11.64%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
SNDL vs. BDGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SNDL Sundial Growers Inc. | -21.69% | -7.26% | 9.15% | -9.39% |
BDGS Bridges Capital Tactical ETF | 5.86% | 10.61% | 19.07% | 8.23% |
Correlation
The correlation between SNDL and BDGS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 11, 2023 | 0.27 |
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Return for Risk
SNDL vs. BDGS — Risk / Return Rank
SNDL
BDGS
SNDL vs. BDGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sundial Growers Inc. (SNDL) 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.
| SNDL | BDGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 2.90 | -3.23 |
| Martin ratioReturn relative to average drawdown | -0.46 | 11.82 | -12.29 |
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Drawdowns
SNDL vs. BDGS - Drawdown Comparison
The maximum SNDL drawdown since its inception was -99.07%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for SNDL and BDGS.
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Drawdown Indicators
| SNDL | BDGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -9.12% | -89.95% |
Max Drawdown (1Y)Largest decline over 1 year | -54.17% | -4.03% | -50.14% |
Max Drawdown (3Y)Largest decline over 3 years | -54.34% | -9.12% | -45.22% |
Max Drawdown (5Y)Largest decline over 5 years | -86.85% | — | — |
Current DrawdownCurrent decline from peak | -99.00% | -0.61% | -98.39% |
Average DrawdownAverage peak-to-trough decline | -94.48% | -0.67% | -93.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.18% | 0.99% | +37.19% |
Volatility
SNDL vs. BDGS - Volatility Comparison
Sundial Growers Inc. (SNDL) has a higher volatility of 9.02% compared to Bridges Capital Tactical ETF (BDGS) at 2.30%. This indicates that SNDL'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
| SNDL | BDGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.02% | 2.30% | +6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 29.73% | 5.28% | +24.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.55% | 6.36% | +61.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.17% | 8.18% | +61.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.34% | 8.18% | +106.16% |
Dividends
SNDL vs. BDGS - Dividend Comparison
SNDL has not paid dividends to shareholders, while BDGS's dividend yield for the trailing twelve months is around 0.52%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BDGS Bridges Capital Tactical ETF | 0.52% | 0.55% | 1.81% | 0.84% |
SNDL Sundial Growers Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNDL and BDGS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNDL has higher volatility (9.02%) compared to BDGS (2.30%). In terms of maximum drawdown, SNDL dropped -99.07% vs BDGS's -9.12%.
BDGS currently has the higher Sharpe Ratio (1.84 vs -0.27), 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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