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BDRY vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between BDRY and ^GSPC is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.0

Performance

BDRY vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Breakwave Dry Bulk Shipping ETF (BDRY) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
-76.25%
122.12%
BDRY
^GSPC

Key characteristics

Sharpe Ratio

BDRY:

-0.81

^GSPC:

1.90

Sortino Ratio

BDRY:

-1.11

^GSPC:

2.54

Omega Ratio

BDRY:

0.88

^GSPC:

1.35

Calmar Ratio

BDRY:

-0.50

^GSPC:

2.81

Martin Ratio

BDRY:

-1.27

^GSPC:

12.39

Ulcer Index

BDRY:

33.73%

^GSPC:

1.93%

Daily Std Dev

BDRY:

52.57%

^GSPC:

12.58%

Max Drawdown

BDRY:

-89.16%

^GSPC:

-56.78%

Current Drawdown

BDRY:

-85.40%

^GSPC:

-3.58%

Returns By Period

In the year-to-date period, BDRY achieves a -47.58% return, which is significantly lower than ^GSPC's 23.11% return.


BDRY

YTD

-47.58%

1M

-24.16%

6M

-48.95%

1Y

-38.04%

5Y*

-16.88%

10Y*

N/A

^GSPC

YTD

23.11%

1M

-0.36%

6M

7.02%

1Y

23.15%

5Y*

12.80%

10Y*

11.01%

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Risk-Adjusted Performance

BDRY vs. ^GSPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Breakwave Dry Bulk Shipping ETF (BDRY) and S&P 500 (^GSPC). 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.


Sharpe ratio
The chart of Sharpe ratio for BDRY, currently valued at -0.81, compared to the broader market0.002.004.00-0.811.90
The chart of Sortino ratio for BDRY, currently valued at -1.11, compared to the broader market-2.000.002.004.006.008.0010.00-1.112.54
The chart of Omega ratio for BDRY, currently valued at 0.88, compared to the broader market0.501.001.502.002.503.000.881.35
The chart of Calmar ratio for BDRY, currently valued at -0.50, compared to the broader market0.005.0010.0015.00-0.502.81
The chart of Martin ratio for BDRY, currently valued at -1.27, compared to the broader market0.0020.0040.0060.0080.00100.00-1.2712.39
BDRY
^GSPC

The current BDRY Sharpe Ratio is -0.81, which is lower than the ^GSPC Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of BDRY and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.81
1.90
BDRY
^GSPC

Drawdowns

BDRY vs. ^GSPC - Drawdown Comparison

The maximum BDRY drawdown since its inception was -89.16%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BDRY and ^GSPC. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-85.40%
-3.58%
BDRY
^GSPC

Volatility

BDRY vs. ^GSPC - Volatility Comparison

Breakwave Dry Bulk Shipping ETF (BDRY) has a higher volatility of 15.17% compared to S&P 500 (^GSPC) at 3.64%. This indicates that BDRY's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
15.17%
3.64%
BDRY
^GSPC
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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