BWET vs. DBC
Compare and contrast key facts about Breakwave Tanker Shipping ETF (BWET) and Invesco DB Commodity Index Tracking Fund (DBC).
BWET and DBC 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. DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006. Both BWET and DBC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BWET vs. DBC - Performance Comparison
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BWET vs. DBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 411.30% | 96.22% | -39.21% | 15.94% |
DBC Invesco DB Commodity Index Tracking Fund | 29.47% | 8.10% | 2.18% | 2.59% |
Returns By Period
In the year-to-date period, BWET achieves a 411.30% return, which is significantly higher than DBC's 29.47% return.
BWET
- 1D
- -19.47%
- 1M
- 71.90%
- YTD
- 411.30%
- 6M
- 568.02%
- 1Y
- 802.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBC
- 1D
- -1.06%
- 1M
- 15.34%
- YTD
- 29.47%
- 6M
- 32.82%
- 1Y
- 33.00%
- 3Y*
- 11.68%
- 5Y*
- 14.52%
- 10Y*
- 10.12%
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BWET vs. DBC - Expense Ratio Comparison
BWET has a 3.50% expense ratio, which is higher than DBC's 0.85% expense ratio.
Return for Risk
BWET vs. DBC — Risk / Return Rank
BWET
DBC
BWET vs. DBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and Invesco DB Commodity Index Tracking Fund (DBC). 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 | DBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 9.77 | 1.77 | +8.00 |
Sortino ratioReturn per unit of downside risk | 5.78 | 2.36 | +3.42 |
Omega ratioGain probability vs. loss probability | 1.86 | 1.32 | +0.54 |
Calmar ratioReturn relative to maximum drawdown | 27.62 | 3.17 | +24.45 |
Martin ratioReturn relative to average drawdown | 78.05 | 8.16 | +69.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BWET | DBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.77 | 1.77 | +8.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.77 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.50 | 0.11 | +1.39 |
Correlation
The correlation between BWET and DBC is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BWET vs. DBC - Dividend Comparison
BWET has not paid dividends to shareholders, while DBC's dividend yield for the trailing twelve months is around 2.57%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBC Invesco DB Commodity Index Tracking Fund | 2.57% | 3.33% | 5.22% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% |
Drawdowns
BWET vs. DBC - Drawdown Comparison
The maximum BWET drawdown since its inception was -56.90%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for BWET and DBC.
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Drawdown Indicators
| BWET | DBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -76.36% | +19.46% |
Max Drawdown (1Y)Largest decline over 1 year | -28.84% | -10.99% | -17.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.71% | — |
Current DrawdownCurrent decline from peak | -19.47% | -25.10% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -24.74% | -46.43% | +21.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.21% | 4.27% | +5.94% |
Volatility
BWET vs. DBC - Volatility Comparison
Breakwave Tanker Shipping ETF (BWET) has a higher volatility of 51.89% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 8.17%. This indicates that BWET's price experiences larger fluctuations and is considered to be riskier than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWET | DBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.89% | 8.17% | +43.72% |
Volatility (6M)Calculated over the trailing 6-month period | 72.97% | 13.92% | +59.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.00% | 18.77% | +64.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.49% | 18.98% | +45.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.49% | 17.72% | +46.77% |