BWET vs. CCOM

Last updated Aug 4, 2026

BWET (Breakwave Tanker Shipping ETF) and CCOM (Simplify Chinese Commodities Strategy No K-1 ETF) are both Commodities funds. BWET is passively managed, while CCOM is actively managed. Their 0.21 correlation means their historical movements had little consistent relationship. BWET charges 3.50%/yr vs 0.99%/yr for CCOM.

Performance

BWET vs. CCOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Breakwave Tanker Shipping ETF (BWET) and Simplify Chinese Commodities Strategy No K-1 ETF (CCOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BWET

• 1D: -3.40%
• 1M: 52.08%
• 6M: 619.27%
• YTD: 1,246.34%
• 1Y: 2,150.47%
• 3Y*: 135.18%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 144.54%

CCOM

• 1D: -0.06%
• 1M: -1.27%
• 6M: 0.22%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BWET Breakwave Tanker Shipping ETF	$45.42M	$38.94M	$29.75M
CCOM Simplify Chinese Commodities Strategy No K-1 ETF	$489.06	$1.63K	$4.84K

BWET vs. CCOM - Yearly Performance Comparison

	2026 (YTD)
BWET Breakwave Tanker Shipping ETF	717.88%
CCOM Simplify Chinese Commodities Strategy No K-1 ETF	-3.71%

Correlation

The correlation between BWET and CCOM is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	0.21

Return for Risk

BWET vs. CCOM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BWET

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

CCOM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BWET vs. CCOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and Simplify Chinese Commodities Strategy No K-1 ETF (CCOM). 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	CCOM	Difference
Sharpe ratio: Return per unit of total volatility	20.19	—	—
Sortino ratio: Return per unit of downside risk	6.36	—	—
Omega ratio: Gain probability vs. loss probability	1.91	—	—
Calmar ratio: Return relative to maximum drawdown	52.86	—	—
Martin ratio: Return relative to average drawdown	198.46	—	—

Drawdowns

BWET vs. CCOM - Drawdown Comparison

The maximum BWET drawdown since its inception was -56.90%, which is greater than CCOM's maximum drawdown of -7.44%. Use the drawdown chart below to compare losses from any high point for BWET and CCOM.

Drawdown Indicators

	BWET	CCOM	Difference
Max Drawdown Largest peak-to-trough decline	-56.90%	-7.44%	-49.46%
Max Drawdown (1Y) Largest decline over 1 year	-41.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-56.81%	—	—
Current Drawdown Current decline from peak	-3.40%	-5.67%	+2.27%
Average Drawdown Average peak-to-trough decline	-23.38%	-3.35%	-20.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.96%	—	—

Volatility

Volatility by Period

	BWET	CCOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	95.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	108.15%	12.48%	+95.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.45%	12.48%	+61.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.45%	12.48%	+61.97%

BWET vs. CCOM - Expense Ratio Comparison

BWET has a 3.50% expense ratio, which is higher than CCOM's 0.99% expense ratio.

Dividends

BWET vs. CCOM - Dividend Comparison

BWET has not paid dividends to shareholders, while CCOM's dividend yield for the trailing twelve months is around 1.26%.

Position	TTM
BWET Breakwave Tanker Shipping ETF	0.00%
CCOM Simplify Chinese Commodities Strategy No K-1 ETF	1.26%

Frequently Asked Questions

Can I hold both BWET and CCOM in my portfolio?

BWET and CCOM have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BWET or CCOM?

On fees, CCOM is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BWET or CCOM?

CCOM is cheaper with a 0.99% expense ratio, compared with 3.50% for BWET.

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

CCOM has the higher dividend yield at 1.26%, compared with 0.00% for BWET.

What is the main difference between BWET and CCOM?

They also come from different issuers: Amplify and Simplify. Their fees differ too: 3.50% for BWET and 0.99% for CCOM.