SSXU vs. BAM
SSXU (Day Hagan/Ned Davis Research Smart Sector International ETF) is Foreign Large Cap Equities fund actively managed by Day Hagan, while BAM (Brookfield Asset Management Ltd.) is a stock. Over the past 3 years, SSXU returned 10.88%/yr vs 16.94%/yr for BAM. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
SSXU vs. BAM - Performance Comparison
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Returns By Period
In the year-to-date period, SSXU achieves a 3.36% return, which is significantly higher than BAM's -7.40% return.
SSXU
- 1D
- 1.26%
- 1M
- -1.31%
- 6M
- 1.03%
- YTD
- 3.36%
- 1Y
- 15.08%
- 3Y*
- 10.88%
- 5Y*
- —
- 10Y*
- —
BAM
- 1D
- 1.91%
- 1M
- 0.83%
- 6M
- -7.60%
- YTD
- -7.40%
- 1Y
- -13.58%
- 3Y*
- 16.94%
- 5Y*
- —
- 10Y*
- —
SSXU vs. BAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SSXU Day Hagan/Ned Davis Research Smart Sector International ETF | 3.36% | 27.09% | 5.28% | 9.56% | -1.29% |
BAM Brookfield Asset Management Ltd. | -7.40% | -0.24% | 39.70% | 45.61% | -10.80% |
Correlation
The correlation between SSXU and BAM is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.59 |
The correlation between SSXU and BAM has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
SSXU vs. BAM — Risk / Return Rank
SSXU
BAM
SSXU vs. BAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Day Hagan/Ned Davis Research Smart Sector International ETF (SSXU) and Brookfield Asset Management Ltd. (BAM). 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.
| SSXU | BAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.95 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | -0.45 | +1.86 |
| Martin ratioReturn relative to average drawdown | 4.46 | -0.75 | +5.22 |
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Drawdowns
SSXU vs. BAM - Drawdown Comparison
The maximum SSXU drawdown since its inception was -13.91%, smaller than the maximum BAM drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for SSXU and BAM.
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Drawdown Indicators
| SSXU | BAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.91% | -30.37% | +16.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -30.37% | +19.66% |
Max Drawdown (3Y)Largest decline over 3 years | -13.91% | -30.37% | +16.46% |
Current DrawdownCurrent decline from peak | -5.08% | -22.02% | +16.94% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -9.19% | +5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 18.11% | -14.72% |
Volatility
SSXU vs. BAM - Volatility Comparison
The current volatility for Day Hagan/Ned Davis Research Smart Sector International ETF (SSXU) is 4.21%, while Brookfield Asset Management Ltd. (BAM) has a volatility of 7.79%. This indicates that SSXU experiences smaller price fluctuations and is considered to be less risky than BAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSXU | BAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 7.79% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 22.95% | -10.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 30.00% | -15.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 30.10% | -15.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 30.10% | -15.68% |
Dividends
SSXU vs. BAM - Dividend Comparison
SSXU's dividend yield for the trailing twelve months is around 2.57%, less than BAM's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | 3.96% | 3.34% | 2.80% | 3.19% | 0.00% |
SSXU Day Hagan/Ned Davis Research Smart Sector International ETF | 2.57% | 2.66% | 2.74% | 2.07% | 0.65% |
Frequently Asked Questions
SSXU and BAM have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAM has higher volatility (7.79%) compared to SSXU (4.21%). In terms of maximum drawdown, SSXU dropped -13.91% vs BAM's -30.37%.
SSXU currently has the higher Sharpe Ratio (1.07 vs -0.45), 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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