BWET vs. BITY
BWET (Breakwave Tanker Shipping ETF) and BITY (Amplify Bitcoin 2% Monthly Option Income ETF) are both exchange-traded funds - BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index, while BITY is a Derivative Income fund actively managed by Amplify. BWET is passively managed, while BITY is actively managed. Over the past year, BWET returned 1424.52% vs -38.86% for BITY. At a correlation of -0.06, they often move in opposite directions. BWET charges 3.50%/yr vs 0.65%/yr for BITY.
Performance
BWET vs. BITY - Performance Comparison
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Returns By Period
In the year-to-date period, BWET achieves a 968.33% return, which is significantly higher than BITY's -26.32% return.
BWET
- 1D
- -5.48%
- 1M
- 18.43%
- YTD
- 968.33%
- 6M
- 944.72%
- 1Y
- 1,424.52%
- 3Y*
- 123.86%
- 5Y*
- —
- 10Y*
- —
BITY
- 1D
- -3.55%
- 1M
- -17.96%
- YTD
- -26.32%
- 6M
- -26.36%
- 1Y
- -38.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BWET vs. BITY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BWET Breakwave Tanker Shipping ETF | 968.33% | 66.15% |
BITY Amplify Bitcoin 2% Monthly Option Income ETF | -26.32% | -7.84% |
Correlation
The correlation between BWET and BITY is -0.04, 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | -0.06 |
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Return for Risk
BWET vs. BITY — Risk / Return Rank
BWET
BITY
BWET vs. BITY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY). 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.
| BWET | BITY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +15.60 | ||
| Sortino ratioReturn per unit of downside risk | +7.40 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 0.85 | +1.02 |
| Calmar ratioReturn relative to maximum drawdown | 47.03 | -0.78 | +47.81 |
| Martin ratioReturn relative to average drawdown | 147.28 | -1.36 | +148.64 |
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Drawdowns
BWET vs. BITY - Drawdown Comparison
The maximum BWET drawdown since its inception was -56.90%, which is greater than BITY's maximum drawdown of -50.04%. Use the drawdown chart below to compare losses from any high point for BWET and BITY.
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Drawdown Indicators
| BWET | BITY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -50.04% | -6.86% |
Max Drawdown (1Y)Largest decline over 1 year | -30.64% | -50.04% | +19.40% |
Max Drawdown (3Y)Largest decline over 3 years | -56.81% | — | — |
Current DrawdownCurrent decline from peak | -5.48% | -47.77% | +42.29% |
Average DrawdownAverage peak-to-trough decline | -23.76% | -20.84% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 28.55% | -16.95% |
Volatility
BWET vs. BITY - Volatility Comparison
Breakwave Tanker Shipping ETF (BWET) has a higher volatility of 26.27% compared to Amplify Bitcoin 2% Monthly Option Income ETF (BITY) at 13.74%. This indicates that BWET's price experiences larger fluctuations and is considered to be riskier than BITY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWET | BITY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.27% | 13.74% | +12.53% |
Volatility (6M)Calculated over the trailing 6-month period | 89.01% | 31.91% | +57.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.57% | 41.04% | +57.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.47% | 39.52% | +30.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.47% | 39.52% | +30.95% |
BWET vs. BITY - Expense Ratio Comparison
BWET has a 3.50% expense ratio, which is higher than BITY's 0.65% expense ratio.
Dividends
BWET vs. BITY - Dividend Comparison
BWET has not paid dividends to shareholders, while BITY's dividend yield for the trailing twelve months is around 41.39%.
| Position | TTM | 2025 |
|---|---|---|
BITY Amplify Bitcoin 2% Monthly Option Income ETF | 41.39% | 21.53% |
BWET Breakwave Tanker Shipping ETF | 0.00% | 0.00% |
Frequently Asked Questions
BWET and BITY have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (26.27%) compared to BITY (13.74%). In terms of maximum drawdown, BWET dropped -56.90% vs BITY's -50.04%.
On 1-year performance, BWET leads with 1424.52% vs -38.86% for BITY. On fees, BITY is cheaper at 0.65% per year. On volatility, BITY has been the lower-risk option at 13.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BWET has performed better with a 1424.52% return vs -38.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITY is cheaper with a 0.65% expense ratio, compared with 3.50% for BWET.
BITY has the higher dividend yield at 41.39%, compared with 0.00% for BWET.
BWET is categorized as Commodities, while BITY is Derivative Income. Their fees differ too: 3.50% for BWET and 0.65% for BITY.
BWET currently has the higher Sharpe Ratio (14.65 vs -0.95), 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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