BDRY vs. FLTR
BDRY (Breakwave Dry Bulk Shipping ETF) and FLTR (VanEck Vectors Investment Grade Floating Rate ETF) are both exchange-traded funds - BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 5 years, BDRY returned -11.64%/yr vs 4.50%/yr for FLTR. At a 0.00 correlation, their price movements are largely independent. BDRY charges 3.76%/yr vs 0.14%/yr for FLTR.
Performance
BDRY vs. FLTR - Performance Comparison
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Returns By Period
In the year-to-date period, BDRY achieves a 44.36% return, which is significantly higher than FLTR's 1.95% return.
BDRY
- 1D
- 0.32%
- 1M
- 3.94%
- YTD
- 44.36%
- 6M
- 36.57%
- 1Y
- 133.58%
- 3Y*
- 24.57%
- 5Y*
- -11.64%
- 10Y*
- —
FLTR
- 1D
- 0.04%
- 1M
- 0.50%
- YTD
- 1.95%
- 6M
- 2.48%
- 1Y
- 5.30%
- 3Y*
- 6.10%
- 5Y*
- 4.50%
- 10Y*
- 3.50%
BDRY vs. FLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BDRY Breakwave Dry Bulk Shipping ETF | 44.36% | 44.24% | -47.40% | 25.79% | -68.84% | 282.99% | -50.16% | -15.92% | -27.98% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 1.95% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.44% | 5.70% | -0.06% |
Correlation
The correlation between BDRY and FLTR is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.00 |
The correlation between BDRY and FLTR shifts across timeframes, from -0.14 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BDRY vs. FLTR — Risk / Return Rank
BDRY
FLTR
BDRY vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Dry Bulk Shipping ETF (BDRY) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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.
| BDRY | FLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.58 | ||
| Sortino ratioReturn per unit of downside risk | -9.34 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 3.15 | -1.72 |
| Calmar ratioReturn relative to maximum drawdown | 6.22 | 16.96 | -10.74 |
| Martin ratioReturn relative to average drawdown | 18.11 | 101.22 | -83.12 |
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
| BDRY | FLTR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 6.77 | -3.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 2.12 | -2.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.53 | -0.66 |
Drawdowns
BDRY vs. FLTR - Drawdown Comparison
The maximum BDRY drawdown since its inception was -89.16%, which is greater than FLTR's maximum drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for BDRY and FLTR.
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Drawdown Indicators
| BDRY | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.16% | -17.84% | -71.32% |
Max Drawdown (1Y)Largest decline over 1 year | -21.60% | -0.31% | -21.29% |
Max Drawdown (3Y)Largest decline over 3 years | -69.71% | -1.93% | -67.78% |
Max Drawdown (5Y)Largest decline over 5 years | -89.16% | -3.06% | -86.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.84% | — |
Current DrawdownCurrent decline from peak | -69.50% | 0.00% | -69.50% |
Average DrawdownAverage peak-to-trough decline | -58.39% | -0.67% | -57.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.41% | 0.05% | +7.36% |
Volatility
BDRY vs. FLTR - Volatility Comparison
Breakwave Dry Bulk Shipping ETF (BDRY) has a higher volatility of 10.84% compared to VanEck Vectors Investment Grade Floating Rate ETF (FLTR) at 0.25%. This indicates that BDRY's price experiences larger fluctuations and is considered to be riskier than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDRY | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 0.25% | +10.59% |
Volatility (6M)Calculated over the trailing 6-month period | 29.99% | 0.62% | +29.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.26% | 0.79% | +41.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.69% | 2.13% | +58.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.56% | 5.00% | +57.56% |
BDRY vs. FLTR - Expense Ratio Comparison
BDRY has a 3.76% expense ratio, which is higher than FLTR's 0.14% expense ratio.
Dividends
BDRY vs. FLTR - Dividend Comparison
BDRY has not paid dividends to shareholders, while FLTR's dividend yield for the trailing twelve months is around 4.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDRY Breakwave Dry Bulk Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 4.73% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
Frequently Asked Questions
BDRY and FLTR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDRY has higher volatility (10.84%) compared to FLTR (0.25%). In terms of maximum drawdown, BDRY dropped -89.16% vs FLTR's -17.84%.
On 5-year performance, FLTR leads with 4.50% vs -11.64% for BDRY. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLTR has performed better with a 4.50% return vs -11.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 3.76% for BDRY.
FLTR has the higher dividend yield at 4.73%, compared with 0.00% for BDRY.
BDRY is categorized as Commodities, while FLTR is Corporate Bonds. BDRY tracks Breakwave Dry Freight Futures Index, while FLTR tracks MVIS US Investment Grade Floating Rate Index. They also come from different issuers: ETFMG and VanEck. Their fees differ too: 3.76% for BDRY and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.77 vs 3.19), 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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