AEHR vs. BWET
AEHR (Aehr Test Systems) is a stock, while BWET (Breakwave Tanker Shipping ETF) is Commodities fund tracking the Breakwave Wet Freight Futures Index. Over the past 3 years, AEHR returned 11.58%/yr vs 120.49%/yr for BWET. At a 0.03 correlation, their price movements are largely independent.
Performance
AEHR vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, AEHR achieves a 236.90% return, which is significantly lower than BWET's 995.07% return.
AEHR
- 1D
- -6.31%
- 1M
- -37.29%
- 6M
- 158.14%
- YTD
- 236.90%
- 1Y
- 382.07%
- 3Y*
- 11.58%
- 5Y*
- 88.87%
- 10Y*
- 44.87%
BWET
- 1D
- 3.74%
- 1M
- 5.53%
- 6M
- 731.53%
- YTD
- 995.07%
- 1Y
- 1,761.96%
- 3Y*
- 120.49%
- 5Y*
- —
- 10Y*
- —
AEHR vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AEHR Aehr Test Systems | 236.90% | 21.41% | -37.32% | 6.12% |
BWET Breakwave Tanker Shipping ETF | 995.07% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between AEHR and BWET is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | 0.03 |
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Return for Risk
AEHR vs. BWET — Risk / Return Rank
AEHR
BWET
AEHR vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aehr Test Systems (AEHR) and Breakwave Tanker Shipping ETF (BWET). 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.
| AEHR | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.89 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 9.04 | 43.28 | -34.23 |
| Martin ratioReturn relative to average drawdown | 19.12 | 163.33 | -144.21 |
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Drawdowns
AEHR vs. BWET - Drawdown Comparison
The maximum AEHR drawdown since its inception was -97.98%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for AEHR and BWET.
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Drawdown Indicators
| AEHR | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.98% | -56.90% | -41.08% |
Max Drawdown (1Y)Largest decline over 1 year | -42.58% | -41.22% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -87.37% | -56.81% | -30.56% |
Max Drawdown (5Y)Largest decline over 5 years | -87.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.37% | — | — |
Current DrawdownCurrent decline from peak | -41.65% | -3.12% | -38.53% |
Average DrawdownAverage peak-to-trough decline | -79.44% | -23.71% | -55.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.10% | 10.90% | +9.20% |
Volatility
AEHR vs. BWET - Volatility Comparison
The current volatility for Aehr Test Systems (AEHR) is 37.07%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 42.90%. This indicates that AEHR experiences smaller price fluctuations and is considered to be less risky than BWET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEHR | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.07% | 42.90% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 93.15% | 95.43% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 121.48% | 105.04% | +16.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.56% | 73.53% | +37.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.40% | 73.53% | +20.87% |
Dividends
AEHR vs. BWET - Dividend Comparison
Neither AEHR nor BWET has paid dividends to shareholders.
Frequently Asked Questions
AEHR and BWET have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (42.90%) compared to AEHR (37.07%). In terms of maximum drawdown, AEHR dropped -97.98% vs BWET's -56.90%.
BWET currently has the higher Sharpe Ratio (17.02 vs 3.18), 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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