BLOK vs. BWET

Last updated Jun 4, 2026

BLOK (Amplify Transformational Data Sharing ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - BLOK is a Technology Equities fund actively managed by Amplify, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. BLOK is actively managed, while BWET is passively managed. Over the past 3 years, BLOK returned 51.34%/yr vs 129.64%/yr for BWET. At a correlation of -0.01, they often move in opposite directions. BLOK charges 0.71%/yr vs 3.50%/yr for BWET.

Performance

BLOK vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Transformational Data Sharing ETF (BLOK) 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, BLOK achieves a 16.21% return, which is significantly lower than BWET's 875.88% return.

BLOK

• 1D: -2.62%
• 1M: 7.72%
• YTD: 16.21%
• 6M: 7.24%
• 1Y: 30.79%
• 3Y*: 51.34%
• 5Y*: 11.96%
• 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)

BLOK vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BLOK Amplify Transformational Data Sharing ETF	16.21%	32.64%	53.12%	58.03%
BWET Breakwave Tanker Shipping ETF	875.88%	96.22%	-39.21%	15.94%

Correlation

The correlation between BLOK and BWET is -0.13, 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	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (All Time) Calculated using the full available price history since May 4, 2023	-0.01

The correlation between BLOK and BWET shifts across timeframes, from -0.13 (1 year) to -0.00 (3 years), reflecting how their relationship changes across market environments.

BLOK vs. BWET - Sectors Allocation Comparison

Sectors	BLOK	BWET
Financial Services	55.3%	8.6%
Technology	31.8%	-
Consumer Cyclical	6.7%	-
Communication Services	5.2%	-
Industrials	1.0%	-
Real Estate	0.0%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

BLOK vs. BWET — Risk / Return Rank

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

BLOK

BLOK Risk / Return Rank: 21
BLOK Sharpe Ratio Rank: 23
BLOK Sortino Ratio Rank: 23
BLOK Omega Ratio Rank: 23
BLOK Calmar Ratio Rank: 20
BLOK Martin Ratio Rank: 18

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.

BLOK vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Transformational Data Sharing ETF (BLOK) 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.

	BLOK	BWET	Difference
Sharpe ratio Return per unit of total volatility	0.81	18.57	-17.76
Sortino ratio Return per unit of downside risk	1.30	6.55	-5.26
Omega ratio Gain probability vs. loss probability	1.16	1.96	-0.80
Calmar ratio Return relative to maximum drawdown	0.87	59.51	-58.64
Martin ratio Return relative to average drawdown	1.90	158.07	-156.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLOK vs. BWET - Sharpe Ratio Comparison

The current BLOK Sharpe Ratio is 0.81, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of BLOK 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

	BLOK	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	18.57	-17.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.90	-1.41

Drawdowns

BLOK vs. BWET - Drawdown Comparison

The maximum BLOK drawdown since its inception was -73.33%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for BLOK and BWET.

Drawdown Indicators

	BLOK	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-73.33%	-56.90%	-16.43%
Max Drawdown (1Y) Largest decline over 1 year	-35.64%	-30.64%	-5.00%
Max Drawdown (3Y) Largest decline over 3 years	-35.64%	-56.90%	+21.26%
Max Drawdown (5Y) Largest decline over 5 years	-73.33%	—	—
Current Drawdown Current decline from peak	-10.16%	-11.29%	+1.13%
Average Drawdown Average peak-to-trough decline	-26.08%	-24.09%	-1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.23%	11.51%	+4.72%

Volatility

BLOK vs. BWET - Volatility Comparison

The current volatility for Amplify Transformational Data Sharing ETF (BLOK) is 10.59%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that BLOK 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

	BLOK	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	33.96%	-23.37%
Volatility (6M) Calculated over the trailing 6-month period	28.55%	88.49%	-59.94%
Volatility (1Y) Calculated over the trailing 1-year period	38.29%	98.35%	-60.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.36%	70.45%	-28.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.97%	70.45%	-31.48%

BLOK vs. BWET - Expense Ratio Comparison

BLOK has a 0.71% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

BLOK vs. BWET - Dividend Comparison

BLOK's dividend yield for the trailing twelve months is around 0.62%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BLOK Amplify Transformational Data Sharing ETF	0.62%	0.72%	6.00%	1.15%	0.00%	14.31%	1.88%	2.05%	1.30%
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 BLOK and BWET in my portfolio?

BLOK and BWET have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLOK or BWET?

BWET has higher volatility (33.96%) compared to BLOK (10.59%). In terms of maximum drawdown, BLOK dropped -73.33% vs BWET's -56.90%.

Which ETF is better, BLOK or BWET?

On 3-year performance, BWET leads with 129.64% vs 51.34% for BLOK. On fees, BLOK is cheaper at 0.71% per year. On volatility, BLOK has been the lower-risk option at 10.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BLOK or BWET?

Over the 3-year period, BWET has performed better with a 129.64% return vs 51.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BLOK or BWET?

BLOK is cheaper with a 0.71% expense ratio, compared with 3.50% for BWET.

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

BLOK has the higher dividend yield at 0.62%, compared with 0.00% for BWET.

What is the main difference between BLOK and BWET?

BLOK is categorized as Technology Equities, while BWET is Commodities. Their fees differ too: 0.71% for BLOK and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs 0.81), 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.