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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Breakwave Dry Bulk Shipping ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Breakwave Dry Bulk Shipping ETF (BDRY) has returned 13.68% so far this year and 59.52% over the past 12 months.
Breakwave Dry Bulk Shipping ETF
- 1D
- 0.30%
- 1M
- -17.40%
- YTD
- 13.68%
- 6M
- 32.76%
- 1Y
- 59.52%
- 3Y*
- -0.43%
- 5Y*
- -11.08%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Mar 22, 2018, BDRY's average daily return is +0.03%, while the average monthly return is +0.97%. At this rate, your investment would double in approximately 6.0 years.
Historically, 44% of months were positive and 56% were negative. The best month was Nov 2023 with a return of +86.2%, while the worst month was Aug 2022 at -36.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BDRY closed higher 48% of trading days. The best single day was Feb 16, 2021 with a return of +27.3%, while the worst single day was Feb 18, 2021 at -18.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 31.47% | 4.68% | -17.40% | 13.68% | |||||||||
| 2025 | -5.10% | 10.92% | -2.34% | -7.76% | -9.97% | 6.94% | 33.33% | 13.11% | -10.27% | 7.86% | 8.27% | 0.00% | 44.24% |
| 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% |
| 2021 | 34.29% | 22.92% | 33.12% | 45.98% | -6.88% | 27.61% | -12.10% | 9.81% | 27.11% | -16.58% | -11.28% | 10.66% | 282.99% |
Benchmark Metrics
Breakwave Dry Bulk Shipping ETF has an annualized alpha of 4.88%, beta of 0.24, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 23, 2018.
- This ETF participated in 123.08% of S&P 500 Index downside but only 35.57% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R² of 0.01 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.01 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.88%
- Beta
- 0.24
- R²
- 0.01
- Upside Capture
- 35.57%
- Downside Capture
- 123.08%
Expense Ratio
BDRY has a high expense ratio of 3.76%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BDRY ranks 71 for risk / return — better than 71% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Breakwave Dry Bulk Shipping ETF (BDRY) and compare them to a chosen benchmark (S&P 500 Index).
| BDRY | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 0.90 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.92 | 1.39 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.63 | 1.40 | +1.23 |
Martin ratioReturn relative to average drawdown | 5.84 | 6.61 | -0.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore BDRY risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
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 75.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -89.16% | Oct 7, 2021 | 447 | Jul 19, 2023 | — | — | — |
| -84.71% | Aug 22, 2018 | 434 | May 13, 2020 | 245 | May 4, 2021 | 679 |
| -26.58% | Mar 23, 2018 | 46 | May 29, 2018 | 59 | Aug 21, 2018 | 105 |
| -23.19% | Jun 17, 2021 | 19 | Jul 14, 2021 | 28 | Aug 23, 2021 | 47 |
| -20.51% | May 11, 2021 | 5 | May 17, 2021 | 18 | Jun 11, 2021 | 23 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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