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 -1.60%/yr vs 14.06%/yr for BDGS. At a 0.28 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 -15.06% return, which is significantly lower than BDGS's 5.64% return.
SNDL
- 1D
- -2.08%
- 1M
- -0.70%
- YTD
- -15.06%
- 6M
- -18.97%
- 1Y
- 10.16%
- 3Y*
- -1.60%
- 5Y*
- -33.57%
- 10Y*
- —
BDGS
- 1D
- -0.29%
- 1M
- 1.26%
- YTD
- 5.64%
- 6M
- 5.65%
- 1Y
- 13.85%
- 3Y*
- 14.06%
- 5Y*
- —
- 10Y*
- —
SNDL vs. BDGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SNDL Sundial Growers Inc. | -15.06% | -7.26% | 9.15% | 0.61% |
BDGS Bridges Capital Tactical ETF | 5.64% | 10.61% | 19.07% | 8.31% |
Correlation
The correlation between SNDL and BDGS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 12, 2023 | 0.28 |
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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.
| SNDL | BDGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.47 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 3.45 | -3.26 |
| Martin ratioReturn relative to average drawdown | 0.30 | 16.47 | -16.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SNDL | BDGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.29 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 1.76 | -2.15 |
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 | -89.57% | — | — |
Current DrawdownCurrent decline from peak | -98.92% | -0.83% | -98.09% |
Average DrawdownAverage peak-to-trough decline | -94.42% | -0.64% | -93.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.40% | 0.84% | +33.56% |
Volatility
SNDL vs. BDGS - Volatility Comparison
Sundial Growers Inc. (SNDL) has a higher volatility of 8.63% compared to Bridges Capital Tactical ETF (BDGS) at 1.14%. 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 | 8.63% | 1.14% | +7.49% |
Volatility (6M)Calculated over the trailing 6-month period | 42.64% | 4.74% | +37.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.54% | 6.08% | +62.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.09% | 8.21% | +62.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.44% | 8.21% | +106.23% |
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 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNDL has higher volatility (8.63%) compared to BDGS (1.14%). In terms of maximum drawdown, SNDL dropped -99.07% vs BDGS's -9.12%.
BDGS currently has the higher Sharpe Ratio (2.29 vs 0.15), 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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