BWET vs. BITY

Last updated Apr 1, 2026

Compare and contrast key facts about Breakwave Tanker Shipping ETF (BWET) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY).

BWET and BITY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BWET is a passively managed fund by Amplify that tracks the performance of the Breakwave Wet Freight Futures Index. It was launched on May 3, 2023. BITY is an actively managed fund by Amplify. It was launched on Apr 28, 2025.

Performance

BWET vs. BITY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Breakwave Tanker Shipping ETF (BWET) and Amplify Bitcoin 2% Monthly Option Income ETF (BITY). The values are adjusted to include any dividend payments, if applicable.

BWET vs. BITY - Yearly Performance Comparison

	2026 (YTD)	2025
BWET Breakwave Tanker Shipping ETF	411.30%	68.69%
BITY Amplify Bitcoin 2% Monthly Option Income ETF	-18.54%	-8.21%

Returns By Period

In the year-to-date period, BWET achieves a 411.30% return, which is significantly higher than BITY's -18.54% return.

BWET

• 1D: -19.47%
• 1M: 71.90%
• YTD: 411.30%
• 6M: 568.02%
• 1Y: 802.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITY

• 1D: 2.00%
• 1M: 5.36%
• YTD: -18.54%
• 6M: -39.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BWET vs. BITY - Expense Ratio Comparison

BWET has a 3.50% expense ratio, which is higher than BITY's 0.65% expense ratio.

BWET

Breakwave Tanker Shipping ETF

BITY

Amplify Bitcoin 2% Monthly Option Income ETF

Return for Risk

BWET vs. BITY — Risk / Return Rank

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

BWET

BWET Risk / Return Rank: 99
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 99
BWET Omega Ratio Rank: 98
BWET Calmar Ratio Rank: 99
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.

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.

	BWET	BITY	Difference
Sharpe ratio Return per unit of total volatility	9.77	—	—
Sortino ratio Return per unit of downside risk	5.78	—	—
Omega ratio Gain probability vs. loss probability	1.86	—	—
Calmar ratio Return relative to maximum drawdown	27.62	—	—
Martin ratio Return relative to average drawdown	78.05	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BWET	BITY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.50	-0.68	+2.18

Correlation

The correlation between BWET and BITY is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

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 35.41%.

	TTM	2025
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%
BITY Amplify Bitcoin 2% Monthly Option Income ETF	35.41%	21.53%

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 -46.36%. Use the drawdown chart below to compare losses from any high point for BWET and BITY.

Drawdown Indicators

	BWET	BITY	Difference
Max Drawdown Largest peak-to-trough decline	-56.90%	-46.36%	-10.54%
Max Drawdown (1Y) Largest decline over 1 year	-28.84%	—	—
Current Drawdown Current decline from peak	-19.47%	-42.26%	+22.79%
Average Drawdown Average peak-to-trough decline	-24.74%	-16.54%	-8.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.21%	—	—

Volatility

Volatility by Period

	BWET	BITY	Difference
Volatility (1M) Calculated over the trailing 1-month period	51.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	72.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	83.00%	40.02%	+42.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.49%	40.02%	+24.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.49%	40.02%	+24.47%