AXTI vs. BWET
AXTI (AXT, Inc.) is a stock, while BWET (Breakwave Tanker Shipping ETF) is Commodities fund tracking the Breakwave Wet Freight Futures Index. Over the past 3 years, AXTI returned 212.99%/yr vs 129.64%/yr for BWET. At a 0.04 correlation, their price movements are largely independent.
Performance
AXTI vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, AXTI achieves a 552.60% return, which is significantly lower than BWET's 875.88% return.
AXTI
- 1D
- -3.74%
- 1M
- 0.66%
- YTD
- 552.60%
- 6M
- 829.44%
- 1Y
- 6,085.51%
- 3Y*
- 212.99%
- 5Y*
- 58.76%
- 10Y*
- 40.50%
BWET
- 1D
- 4.26%
- 1M
- 9.15%
- YTD
- 875.88%
- 6M
- 735.56%
- 1Y
- 1,800.91%
- 3Y*
- 129.64%
- 5Y*
- —
- 10Y*
- —
AXTI vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AXTI AXT, Inc. | 552.60% | 653.46% | -9.58% | -14.29% |
BWET Breakwave Tanker Shipping ETF | 875.88% | 96.22% | -39.21% | 15.94% |
Correlation
The correlation between AXTI and BWET is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 4, 2023 | 0.04 |
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Return for Risk
AXTI vs. BWET — Risk / Return Rank
AXTI
BWET
AXTI vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AXT, Inc. (AXTI) 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.
| AXTI | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +27.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 1.96 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 160.12 | 59.51 | +100.61 |
| Martin ratioReturn relative to average drawdown | 490.82 | 158.07 | +332.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AXTI | BWET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 45.71 | 18.57 | +27.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 1.90 | -1.79 |
Drawdowns
AXTI vs. BWET - Drawdown Comparison
The maximum AXTI drawdown since its inception was -98.57%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for AXTI and BWET.
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Drawdown Indicators
| AXTI | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.57% | -56.90% | -41.67% |
Max Drawdown (1Y)Largest decline over 1 year | -38.65% | -30.64% | -8.01% |
Max Drawdown (3Y)Largest decline over 3 years | -78.52% | -56.90% | -21.62% |
Max Drawdown (5Y)Largest decline over 5 years | -90.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.45% | — | — |
Current DrawdownCurrent decline from peak | -24.23% | -11.29% | -12.94% |
Average DrawdownAverage peak-to-trough decline | -82.33% | -24.09% | -58.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.58% | 11.51% | +1.07% |
Volatility
AXTI vs. BWET - Volatility Comparison
AXT, Inc. (AXTI) has a higher volatility of 37.30% compared to Breakwave Tanker Shipping ETF (BWET) at 33.96%. This indicates that AXTI's price experiences larger fluctuations and is considered to be riskier 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
| AXTI | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.30% | 33.96% | +3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 112.04% | 88.49% | +23.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 135.60% | 98.35% | +37.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.88% | 70.45% | +25.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.31% | 70.45% | +11.86% |
Dividends
AXTI vs. BWET - Dividend Comparison
Neither AXTI nor BWET has paid dividends to shareholders.
Frequently Asked Questions
AXTI and BWET have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXTI has higher volatility (37.30%) compared to BWET (33.96%). In terms of maximum drawdown, AXTI dropped -98.57% vs BWET's -56.90%.
AXTI currently has the higher Sharpe Ratio (45.71 vs 18.57), 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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