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Breakwave Dry Bulk Shipping ETF (BDRY)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US26923H2004

CUSIP

26923H200

Issuer

ETFMG

Inception Date

Mar 22, 2018

Region

Global (Broad)

Category

Commodities

Leveraged

1x

Index Tracked

Breakwave Dry Freight Futures Index

Asset Class

Commodity

Expense Ratio

BDRY has a high expense ratio of 3.76%, indicating above-average management fees.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

Breakwave Dry Bulk Shipping ETF (BDRY) returned -10.69% year-to-date (YTD) and -60.25% over the past 12 months.


BDRY

YTD

-10.69%

1M

1.88%

6M

-33.37%

1Y

-60.25%

5Y*

3.38%

10Y*

N/A

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of BDRY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-5.10%10.92%-2.34%-7.76%-5.81%-10.69%
2024-2.77%35.68%-9.11%-8.30%-6.06%2.51%-12.42%3.64%-3.33%-30.35%-11.10%-8.57%-47.40%
2023-15.13%16.03%11.60%-13.27%-34.02%-3.98%-10.81%-1.21%12.27%-8.74%86.23%23.90%25.79%
2022-25.60%-2.32%12.83%-11.17%3.31%-22.62%-27.66%-36.88%15.31%-21.46%10.70%16.92%-68.84%
202134.29%22.92%33.12%45.98%-6.88%27.61%-12.10%9.81%27.11%-16.58%-11.28%10.66%282.99%
2020-36.44%-16.60%-21.98%-13.30%-16.06%58.92%10.28%4.54%-3.29%-17.84%-5.17%19.94%-50.16%
2019-33.74%-9.32%-15.22%32.33%-1.09%7.35%22.59%31.11%-6.74%-8.52%1.66%-15.71%-15.92%
2018-10.71%-5.62%-5.87%8.91%11.62%3.39%-9.81%-6.82%-23.27%12.03%-27.98%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BDRY is 0, meaning it’s performing worse than 100% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BDRY is 00
Overall Rank
The Sharpe Ratio Rank of BDRY is 00
Sharpe Ratio Rank
The Sortino Ratio Rank of BDRY is 00
Sortino Ratio Rank
The Omega Ratio Rank of BDRY is 00
Omega Ratio Rank
The Calmar Ratio Rank of BDRY is 00
Calmar Ratio Rank
The Martin Ratio Rank of BDRY is 11
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Breakwave Dry Bulk Shipping ETF (BDRY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Breakwave Dry Bulk Shipping ETF Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: -1.18
  • 5-Year: 0.05
  • All Time: -0.30

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Breakwave Dry Bulk Shipping ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History


Breakwave Dry Bulk Shipping ETF doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Breakwave Dry Bulk Shipping ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Breakwave Dry Bulk Shipping ETF was 89.16%, occurring on Jul 19, 2023. The portfolio has not yet recovered.

The current Breakwave Dry Bulk Shipping ETF drawdown is 86.92%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-89.16%Oct 7, 2021447Jul 19, 2023
-84.71%Aug 22, 2018403May 13, 2020245May 4, 2021648
-26.58%Mar 23, 201842May 29, 201844Aug 21, 201886
-23.19%Jun 17, 202119Jul 14, 202128Aug 23, 202147
-20.51%May 11, 20215May 17, 202118Jun 11, 202123

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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