BDRY vs. MKSI

Last updated Jul 14, 2026

BDRY (Breakwave Dry Bulk Shipping ETF) is Commodities fund tracking the Breakwave Dry Freight Futures Index, while MKSI (MKS Instruments, Inc.) is a stock. Over the past 5 years, BDRY returned -10.45%/yr vs 17.39%/yr for MKSI. At a 0.05 correlation, their price movements are largely independent.

Performance

BDRY vs. MKSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Breakwave Dry Bulk Shipping ETF (BDRY) and MKS Instruments, Inc. (MKSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BDRY achieves a 52.00% return, which is significantly lower than MKSI's 120.67% return.

BDRY

• 1D: 3.41%
• 1M: 8.20%
• 6M: 52.69%
• YTD: 52.00%
• 1Y: 88.01%
• 3Y*: 37.93%
• 5Y*: -10.45%
• 10Y*: —

MKSI

• 1D: -4.49%
• 1M: -1.03%
• 6M: 89.67%
• YTD: 120.67%
• 1Y: 232.47%
• 3Y*: 49.65%
• 5Y*: 17.39%
• 10Y*: 23.57%

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

BDRY vs. MKSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BDRY Breakwave Dry Bulk Shipping ETF	52.00%	44.24%	-47.40%	25.79%	-68.84%	282.99%	-50.16%	-15.92%	-27.66%
MKSI MKS Instruments, Inc.	120.67%	54.37%	2.21%	22.62%	-50.97%	16.38%	37.70%	71.89%	-48.15%

Correlation

The correlation between BDRY and MKSI 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	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018	0.05

Return for Risk

BDRY vs. MKSI — Risk / Return Rank

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

BDRY

BDRY Risk / Return Rank: 78
BDRY Sharpe Ratio Rank: 84
BDRY Sortino Ratio Rank: 73
BDRY Omega Ratio Rank: 68
BDRY Calmar Ratio Rank: 88
BDRY Martin Ratio Rank: 76

MKSI

MKSI Risk / Return Rank: 97
MKSI Sharpe Ratio Rank: 99
MKSI Sortino Ratio Rank: 96
MKSI Omega Ratio Rank: 95
MKSI Calmar Ratio Rank: 99
MKSI 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.

BDRY vs. MKSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Breakwave Dry Bulk Shipping ETF (BDRY) and MKS Instruments, Inc. (MKSI). 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.

	BDRY	MKSI	Difference
Sharpe ratio: Return per unit of total volatility	2.13	4.10	-1.98
Sortino ratio: Return per unit of downside risk	2.60	3.81	-1.21
Omega ratio: Gain probability vs. loss probability	1.32	1.50	-0.18
Calmar ratio: Return relative to maximum drawdown	4.10	10.91	-6.82
Martin ratio: Return relative to average drawdown	11.15	34.73	-23.58

BDRY vs. MKSI - Sharpe Ratio Comparison

The current BDRY Sharpe Ratio is 2.13, which is lower than the MKSI Sharpe Ratio of 4.10. The chart below compares the historical Sharpe Ratios of BDRY and MKSI, 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

BDRY vs. MKSI - Drawdown Comparison

The maximum BDRY drawdown since its inception was -89.16%, roughly equal to the maximum MKSI drawdown of -85.67%. Use the drawdown chart below to compare losses from any high point for BDRY and MKSI.

Drawdown Indicators

	BDRY	MKSI	Difference
Max Drawdown Largest peak-to-trough decline	-89.16%	-85.67%	-3.49%
Max Drawdown (1Y) Largest decline over 1 year	-21.60%	-21.45%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-69.71%	-59.11%	-10.60%
Max Drawdown (5Y) Largest decline over 5 years	-89.16%	-66.57%	-22.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-69.20%	—
Current Drawdown Current decline from peak	-67.89%	-20.86%	-47.03%
Average Drawdown Average peak-to-trough decline	-58.50%	-45.62%	-12.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.92%	6.86%	+1.06%

Volatility

BDRY vs. MKSI - Volatility Comparison

The current volatility for Breakwave Dry Bulk Shipping ETF (BDRY) is 10.06%, while MKS Instruments, Inc. (MKSI) has a volatility of 27.61%. This indicates that BDRY experiences smaller price fluctuations and is considered to be less risky than MKSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BDRY	MKSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.06%	27.61%	-17.55%
Volatility (6M) Calculated over the trailing 6-month period	29.52%	44.05%	-14.53%
Volatility (1Y) Calculated over the trailing 1-year period	41.70%	57.18%	-15.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.00%	51.52%	+8.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.28%	47.75%	+14.53%

Dividends

BDRY vs. MKSI - Dividend Comparison

BDRY has not paid dividends to shareholders, while MKSI's dividend yield for the trailing twelve months is around 0.27%.

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%
MKSI MKS Instruments, Inc.	0.27%	0.55%	0.84%	0.86%	1.04%	0.49%	0.53%	0.73%	1.21%	0.75%	1.14%	1.88%

Frequently Asked Questions

Can I hold both BDRY and MKSI in my portfolio?

BDRY and MKSI 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, BDRY or MKSI?

MKSI has higher volatility (27.61%) compared to BDRY (10.06%). In terms of maximum drawdown, BDRY dropped -89.16% vs MKSI's -85.67%.

Which has better risk-adjusted returns?

MKSI currently has the higher Sharpe Ratio (4.10 vs 2.13), 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.