BATT vs. BWET

Last updated Jun 4, 2026

BATT (Amplify Lithium & Battery Technology ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - BATT is a Commodity Producers Equities fund actively managed by Amplify, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. BATT is actively managed, while BWET is passively managed. Over the past 3 years, BATT returned 14.36%/yr vs 129.64%/yr for BWET. At a 0.05 correlation, their price movements are largely independent. BATT charges 0.59%/yr vs 3.50%/yr for BWET.

Performance

BATT vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Lithium & Battery Technology ETF (BATT) 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, BATT achieves a 26.16% return, which is significantly lower than BWET's 875.88% return.

BATT

• 1D: -1.64%
• 1M: 4.50%
• YTD: 26.16%
• 6M: 29.61%
• 1Y: 103.56%
• 3Y*: 14.36%
• 5Y*: 3.45%
• 10Y*: —

BWET

• 1D: 4.26%
• 1M: 9.15%
• YTD: 875.88%
• 6M: 735.56%
• 1Y: 1,800.91%
• 3Y*: 129.64%
• 5Y*: —
• 10Y*: —

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

BATT vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BATT Amplify Lithium & Battery Technology ETF	26.16%	59.70%	-13.93%	-9.53%
BWET Breakwave Tanker Shipping ETF	875.88%	96.22%	-39.21%	15.94%

Correlation

The correlation between BATT and BWET is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since May 4, 2023	0.05

BATT vs. BWET - Sectors Allocation Comparison

Sectors	BATT	BWET
Basic Materials	57.0%	-
Consumer Cyclical	18.9%	-
Industrials	16.9%	-
Technology	5.6%	-
Communication Services	0.0%	-
Financial Services	0.0%	8.6%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BATT vs. BWET — Risk / Return Rank

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

BATT

BATT Risk / Return Rank: 87
BATT Sharpe Ratio Rank: 92
BATT Sortino Ratio Rank: 81
BATT Omega Ratio Rank: 82
BATT Calmar Ratio Rank: 92
BATT Martin Ratio Rank: 91

BWET

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

BATT vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Lithium & Battery Technology ETF (BATT) 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.

	BATT	BWET	Difference
Sharpe ratio: Return per unit of total volatility	3.38	18.57	-15.19
Sortino ratio: Return per unit of downside risk	3.69	6.55	-2.86
Omega ratio: Gain probability vs. loss probability	1.50	1.96	-0.46
Calmar ratio: Return relative to maximum drawdown	6.12	59.51	-53.39
Martin ratio: Return relative to average drawdown	22.20	158.07	-135.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BATT vs. BWET - Sharpe Ratio Comparison

The current BATT Sharpe Ratio is 3.38, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of BATT 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.

Sharpe Ratios by Period

	BATT	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.38	18.57	-15.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	1.90	-1.88

Drawdowns

BATT vs. BWET - Drawdown Comparison

The maximum BATT drawdown since its inception was -69.38%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for BATT and BWET.

Drawdown Indicators

	BATT	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-69.38%	-56.90%	-12.48%
Max Drawdown (1Y) Largest decline over 1 year	-17.03%	-30.64%	+13.61%
Max Drawdown (3Y) Largest decline over 3 years	-47.65%	-56.90%	+9.25%
Max Drawdown (5Y) Largest decline over 5 years	-61.98%	—	—
Current Drawdown Current decline from peak	-3.44%	-11.29%	+7.85%
Average Drawdown Average peak-to-trough decline	-34.78%	-24.09%	-10.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	11.51%	-6.83%

Volatility

BATT vs. BWET - Volatility Comparison

The current volatility for Amplify Lithium & Battery Technology ETF (BATT) is 10.29%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that BATT 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

	BATT	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.29%	33.96%	-23.67%
Volatility (6M) Calculated over the trailing 6-month period	24.67%	88.49%	-63.82%
Volatility (1Y) Calculated over the trailing 1-year period	30.80%	98.35%	-67.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.57%	70.45%	-40.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.60%	70.45%	-39.85%

BATT vs. BWET - Expense Ratio Comparison

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

Dividends

BATT vs. BWET - Dividend Comparison

BATT's dividend yield for the trailing twelve months is around 1.47%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BATT Amplify Lithium & Battery Technology ETF	1.47%	1.85%	3.17%	3.23%	4.14%	2.32%	0.21%	3.22%	0.89%
BWET Breakwave Tanker Shipping ETF	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 BATT and BWET in my portfolio?

BATT and BWET have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BATT or BWET?

BWET has higher volatility (33.96%) compared to BATT (10.29%). In terms of maximum drawdown, BATT dropped -69.38% vs BWET's -56.90%.

Which ETF is better, BATT or BWET?

On 3-year performance, BWET leads with 129.64% vs 14.36% for BATT. On fees, BATT is cheaper at 0.59% per year. On volatility, BATT has been the lower-risk option at 10.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BATT or BWET?

Over the 3-year period, BWET has performed better with a 129.64% return vs 14.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BATT or BWET?

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

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

BATT has the higher dividend yield at 1.47%, compared with 0.00% for BWET.

What is the main difference between BATT and BWET?

BATT is categorized as Commodity Producers Equities, while BWET is Commodities. Their fees differ too: 0.59% for BATT and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs 3.38), 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.