BDRY vs. SAFE
BDRY (Breakwave Dry Bulk Shipping ETF) is Commodities fund tracking the Breakwave Dry Freight Futures Index, while SAFE (Safehold Inc.) is a stock. Over the past 5 years, BDRY returned -16.12%/yr vs -26.22%/yr for SAFE. At a 0.04 correlation, their price movements are largely independent.
Performance
BDRY vs. SAFE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BDRY achieves a 32.04% return, which is significantly higher than SAFE's 12.57% return.
BDRY
- 1D
- 0.09%
- 1M
- -8.64%
- YTD
- 32.04%
- 6M
- 30.41%
- 1Y
- 102.09%
- 3Y*
- 23.42%
- 5Y*
- -16.12%
- 10Y*
- —
SAFE
- 1D
- -0.85%
- 1M
- 3.75%
- YTD
- 12.57%
- 6M
- 14.20%
- 1Y
- 4.11%
- 3Y*
- -8.45%
- 5Y*
- -26.22%
- 10Y*
- —
BDRY vs. SAFE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BDRY Breakwave Dry Bulk Shipping ETF | 32.04% | 44.24% | -47.40% | 25.79% | -68.84% | 282.99% | -50.16% | -15.92% | -27.66% |
SAFE Safehold Inc. | 12.57% | -22.47% | -18.25% | -15.60% | -63.41% | 11.15% | 82.46% | 118.07% | 16.59% |
Correlation
The correlation between BDRY and SAFE 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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BDRY vs. SAFE — Risk / Return Rank
BDRY
SAFE
BDRY vs. SAFE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Dry Bulk Shipping ETF (BDRY) and Safehold Inc. (SAFE). 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 | SAFE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.05 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 0.18 | +4.57 |
| Martin ratioReturn relative to average drawdown | 13.45 | 0.40 | +13.05 |
Loading charts...
Drawdowns
BDRY vs. SAFE - Drawdown Comparison
The maximum BDRY drawdown since its inception was -89.16%, which is greater than SAFE's maximum drawdown of -84.70%. Use the drawdown chart below to compare losses from any high point for BDRY and SAFE.
Loading charts...
Drawdown Indicators
| BDRY | SAFE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.16% | -84.70% | -4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -21.60% | -22.90% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -69.71% | -51.87% | -17.84% |
Max Drawdown (5Y)Largest decline over 5 years | -89.16% | -84.70% | -4.46% |
Current DrawdownCurrent decline from peak | -72.10% | -81.28% | +9.18% |
Average DrawdownAverage peak-to-trough decline | -58.42% | -40.14% | -18.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.62% | 10.32% | -2.70% |
Volatility
BDRY vs. SAFE - Volatility Comparison
The current volatility for Breakwave Dry Bulk Shipping ETF (BDRY) is 7.86%, while Safehold Inc. (SAFE) has a volatility of 9.23%. This indicates that BDRY experiences smaller price fluctuations and is considered to be less risky than SAFE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BDRY | SAFE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 9.23% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 29.21% | 22.74% | +6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.17% | 34.05% | +8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.25% | 40.38% | +19.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.41% | 40.99% | +21.42% |
Dividends
BDRY vs. SAFE - Dividend Comparison
BDRY has not paid dividends to shareholders, while SAFE's dividend yield for the trailing twelve months is around 4.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SAFE Safehold Inc. | 4.65% | 5.17% | 3.83% | 3.03% | 2.45% | 0.84% | 1.10% | 1.15% | 3.19% | 1.78% |
Frequently Asked Questions
BDRY and SAFE 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.
SAFE has higher volatility (9.23%) compared to BDRY (7.86%). In terms of maximum drawdown, BDRY dropped -89.16% vs SAFE's -84.70%.
BDRY currently has the higher Sharpe Ratio (2.44 vs 0.12), 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.
Find the right allocation for BDRY and SAFE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer