- Issuer
- Amplify
- Inception Date
- May 3, 2023
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Breakwave Wet Freight Futures Index
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $28M
Share Price Chart
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Performance
BWET Performance Chart
Breakwave Tanker Shipping ETF (BWET) is up 1,030.3% since the beginning of the year. BWET is currently trading at $218 per share.
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Returns By Period
Breakwave Tanker Shipping ETF (BWET) has returned 1,030.31% so far this year and 1,640.62% over the past 12 months.
Breakwave Tanker Shipping ETF
- 1D
- 2.73%
- 1M
- 25.30%
- YTD
- 1,030.31%
- 6M
- 892.97%
- 1Y
- 1,640.62%
- 3Y*
- 128.11%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BWET Monthly Returns History
Based on dividend-adjusted daily data since May 3, 2023, BWET's average daily return is +0.44%, while the average monthly return is +9.90%. At this rate, an investment would double in approximately 0.6 years.
Historically, 50% of months were positive and 50% were negative. The best month was Jan 2026 with a return of +90.6%, while the worst month was Aug 2023 at -19.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 9 months.
On a daily basis, BWET closed higher 48% of trading days. The best single day was Mar 2, 2026 with a return of +27.8%, while the worst single day was Apr 15, 2026 at -19.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 90.56% | 56.09% | 71.90% | 65.83% | -2.74% | 37.07% | 1,030.31% | ||||||
| 2025 | 21.10% | -9.84% | 1.77% | 4.77% | -5.95% | -0.98% | 3.81% | 14.30% | 16.75% | 22.06% | 27.77% | -16.22% | 96.22% |
| 2024 | 5.57% | 3.52% | 5.55% | -1.62% | -3.00% | -5.57% | -9.77% | -0.73% | -1.89% | -13.45% | -11.79% | -12.85% | -39.21% |
| 2023 | 3.71% | 42.28% | -3.26% | -19.27% | -3.33% | 15.58% | -4.91% | -6.79% | 14.13% |
Benchmark Metrics
Breakwave Tanker Shipping ETF has an annualized alpha of 211.47%, beta of -0.10, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 03, 2023.
- This ETF captured 301.38% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -340.09%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.10 may look defensive, but with R2 of 0.00 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 0.00 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
- 211.47%
- Beta
- -0.10
- R²
- 0.00
- Upside Capture
- 301.38%
- Downside Capture
- -340.09%
Expense Ratio
BWET has a high expense ratio of 3.50%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BWET ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and compare them to S&P 500 Index.
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.
| BWET | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +14.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.92 | 1.37 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 54.19 | 2.78 | +51.41 |
| Martin ratioReturn relative to average drawdown | 142.88 | 12.44 | +130.44 |
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 Tanker 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 Tanker Shipping ETF was 56.90%, occurring on Jan 6, 2025. Recovery took 215 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 bear market2025 | -56.90%Jan 2025 | 1y 6mo | 10mo 11d | 2y 5moJun 2023 - Nov 2025 |
2026 bear market2026 | -30.64%Apr 2026 | 5d | 16d | 21dApr 2026 - May 2026 |
2026 bear market2026 | -29.21%May 2026 | 21d | 22d | 1mo 13dMay 2026 - Jun 2026 |
2026 bear market2026 | -28.84%Jan 2026 | 20d | 4d | 24dDec 2025 - Jan 2026 |
2026 bear market2026 | -21.50%Mar 2026 | 3d | 10d | 13dMar 2026 - Mar 2026 |
Drawdown Indicators
| BWET | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -56.78% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -30.64% | -9.10% | -21.54% |
Max Drawdown (3Y)Largest decline over 3 years | -56.81% | -18.90% | -37.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -23.78% | -10.71% | -13.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 2.03% | +9.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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