Bridges Capital Tactical ETF (BDGS) — Stock Correlations & Overview
Over the past year, BDGS has moved most closely with GROZ, PJFG, BLGR. Explore the stocks most correlated and inversely correlated with BDGS below, along with its price, financials, and company profile.
Stocks correlated with BDGS
Correlation of daily returns. Higher positive values move with BDGS; negative values move opposite it. Informational only, not investment advice.
Most correlated with BDGS
| Symbol | Company | Correlation |
|---|---|---|
| GROZ | Zacks Focus Growth ETF | 0.86 |
| PJFG | PGIM Jennison Focused Growth ETF | 0.86 |
| BLGR | Bluemonte Large Cap Growth ETF | 0.85 |
| PRXG | Praxis Impact Large Cap Growth ETF | 0.85 |
| MGK | Vanguard Morningstar Mega Cap Growth ETF | 0.85 |
Most inversely correlated with BDGS
| Symbol | Company | Correlation |
|---|---|---|
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.85 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.84 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.83 |
| SDS | ProShares UltraShort S&P500 | -0.81 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.81 |
Frequently asked questions about BDGS correlations
- Which stocks are most correlated with BDGS?
- Based on one year of daily returns, the stocks most correlated with Bridges Capital Tactical ETF (BDGS) are GROZ (0.86), PJFG (0.86) and BLGR (0.85). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BDGS?
- Over the past year, the stocks most inversely correlated with Bridges Capital Tactical ETF (BDGS) are FNGD (-0.85), BERZ (-0.84) and QQDN (-0.83). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BDGS correlations calculated?
- We compute the correlation of daily returns between BDGS and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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