AIVC vs. BWET

Last updated Jun 24, 2026

AIVC (Amplify Bloomberg AI Value Chain ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - AIVC is a Technology Equities fund tracking the Bloomberg AI Value Chain Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, AIVC returned 48.25%/yr vs 123.86%/yr for BWET. At a 0.02 correlation, their price movements are largely independent. AIVC charges 0.59%/yr vs 3.50%/yr for BWET.

Performance

AIVC vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bloomberg AI Value Chain ETF (AIVC) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVC achieves a 66.45% return, which is significantly lower than BWET's 968.33% return.

AIVC

• 1D: -4.78%
• 1M: 7.56%
• YTD: 66.45%
• 6M: 65.87%
• 1Y: 125.43%
• 3Y*: 48.25%
• 5Y*: 16.85%
• 10Y*: 16.72%

BWET

• 1D: -5.48%
• 1M: 18.43%
• YTD: 968.33%
• 6M: 944.72%
• 1Y: 1,424.52%
• 3Y*: 123.86%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVC vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AIVC Amplify Bloomberg AI Value Chain ETF	66.45%	39.94%	18.22%	36.90%
BWET Breakwave Tanker Shipping ETF	968.33%	96.22%	-39.21%	14.13%

Correlation

The correlation between AIVC and BWET is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since May 3, 2023	0.02

Return for Risk

AIVC vs. BWET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVC

AIVC Risk / Return Rank: 94
AIVC Sharpe Ratio Rank: 96
AIVC Sortino Ratio Rank: 91
AIVC Omega Ratio Rank: 91
AIVC Calmar Ratio Rank: 96
AIVC Martin Ratio Rank: 95

BWET

BWET Risk / Return Rank: 98
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 97
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 99
BWET Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIVC vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg AI Value Chain ETF (AIVC) 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.

	AIVC	BWET	Difference
Sharpe ratio: Return per unit of total volatility	3.91	14.65	-10.75
Sortino ratio: Return per unit of downside risk	4.06	6.07	-2.01
Omega ratio: Gain probability vs. loss probability	1.55	1.87	-0.32
Calmar ratio: Return relative to maximum drawdown	8.94	47.03	-38.09
Martin ratio: Return relative to average drawdown	27.60	147.28	-119.68

AIVC vs. BWET - Sharpe Ratio Comparison

The current AIVC Sharpe Ratio is 3.91, which is lower than the BWET Sharpe Ratio of 14.65. The chart below compares the historical Sharpe Ratios of AIVC and BWET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIVC vs. BWET - Drawdown Comparison

The maximum AIVC drawdown since its inception was -56.11%, roughly equal to the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for AIVC and BWET.

Drawdown Indicators

	AIVC	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-56.11%	-56.90%	+0.79%
Max Drawdown (1Y) Largest decline over 1 year	-14.11%	-30.64%	+16.53%
Max Drawdown (3Y) Largest decline over 3 years	-32.55%	-56.81%	+24.26%
Max Drawdown (5Y) Largest decline over 5 years	-53.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.11%	—	—
Current Drawdown Current decline from peak	-8.48%	-5.48%	-3.00%
Average Drawdown Average peak-to-trough decline	-16.38%	-23.76%	+7.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	11.60%	-7.04%

Volatility

AIVC vs. BWET - Volatility Comparison

The current volatility for Amplify Bloomberg AI Value Chain ETF (AIVC) is 15.81%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 26.27%. This indicates that AIVC 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.

Volatility by Period

	AIVC	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.81%	26.27%	-10.46%
Volatility (6M) Calculated over the trailing 6-month period	26.60%	89.01%	-62.41%
Volatility (1Y) Calculated over the trailing 1-year period	32.28%	98.57%	-66.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.73%	70.47%	-39.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	70.47%	-43.31%

AIVC vs. BWET - Expense Ratio Comparison

AIVC has a 0.59% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

AIVC vs. BWET - Dividend Comparison

AIVC's dividend yield for the trailing twelve months is around 0.10%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AIVC Amplify Bloomberg AI Value Chain ETF	0.10%	0.17%	0.21%	0.00%	0.00%	0.00%	0.39%	1.16%	0.38%	0.92%	0.64%
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIVC and BWET in my portfolio?

AIVC and BWET have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIVC or BWET?

BWET has higher volatility (26.27%) compared to AIVC (15.81%). In terms of maximum drawdown, AIVC dropped -56.11% vs BWET's -56.90%.

Which ETF is better, AIVC or BWET?

On 3-year performance, BWET leads with 123.86% vs 48.25% for AIVC. On fees, AIVC is cheaper at 0.59% per year. On volatility, AIVC has been the lower-risk option at 15.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVC or BWET?

Over the 3-year period, BWET has performed better with a 123.86% return vs 48.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVC or BWET?

AIVC is cheaper with a 0.59% expense ratio, compared with 3.50% for BWET.

Which ETF pays a higher dividend yield, AIVC or BWET?

AIVC has the higher dividend yield at 0.10%, compared with 0.00% for BWET.

What is the main difference between AIVC and BWET?

AIVC is categorized as Technology Equities, while BWET is Commodities. AIVC tracks Bloomberg AI Value Chain Index, while BWET tracks Breakwave Wet Freight Futures Index. Their fees differ too: 0.59% for AIVC and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (14.65 vs 3.91), 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.