BWET vs. LLII

Last updated Jul 15, 2026

BWET (Breakwave Tanker Shipping ETF) and LLII (REX LLY Growth & Income ETF) are both exchange-traded funds - BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index, while LLII is a Derivative Income fund actively managed by REX. BWET is passively managed, while LLII is actively managed. At a 0.10 correlation, their price movements are largely independent. BWET charges 3.50%/yr vs 0.99%/yr for LLII.

Performance

BWET vs. LLII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Breakwave Tanker Shipping ETF (BWET) and REX LLY Growth & Income ETF (LLII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BWET achieves a 1,235.87% return, which is significantly higher than LLII's 2.07% return.

BWET

• 1D: 21.99%
• 1M: 28.74%
• 6M: 776.83%
• YTD: 1,235.87%
• 1Y: 2,163.41%
• 3Y*: 135.59%
• 5Y*: —
• 10Y*: —

LLII

• 1D: 0.00%
• 1M: 0.00%
• 6M: 1.21%
• YTD: 2.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BWET vs. LLII - Yearly Performance Comparison

	2026 (YTD)	2025
BWET Breakwave Tanker Shipping ETF	1,235.87%	7.03%
LLII REX LLY Growth & Income ETF	2.07%	19.74%

Correlation

The correlation between BWET and LLII is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.10

Return for Risk

BWET vs. LLII — 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: 98
BWET Omega Ratio Rank: 98
BWET Calmar Ratio Rank: 99
BWET Martin Ratio Rank: 99

LLII

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

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. LLII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and REX LLY Growth & Income ETF (LLII). 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	LLII	Difference
Sharpe ratio: Return per unit of total volatility	20.52	—	—
Sortino ratio: Return per unit of downside risk	6.46	—	—
Omega ratio: Gain probability vs. loss probability	1.94	—	—
Calmar ratio: Return relative to maximum drawdown	53.18	—	—
Martin ratio: Return relative to average drawdown	200.68	—	—

Drawdowns

BWET vs. LLII - Drawdown Comparison

The maximum BWET drawdown since its inception was -56.90%, which is greater than LLII's maximum drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for BWET and LLII.

Drawdown Indicators

	BWET	LLII	Difference
Max Drawdown Largest peak-to-trough decline	-56.90%	-23.96%	-32.94%
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	0.00%	-0.71%	+0.71%
Average Drawdown Average peak-to-trough decline	-23.68%	-8.63%	-15.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.90%	—	—

Volatility

Volatility by Period

	BWET	LLII	Difference
Volatility (1M) Calculated over the trailing 1-month period	47.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	96.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	106.83%	35.58%	+71.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.47%	35.58%	+38.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.47%	35.58%	+38.89%

BWET vs. LLII - Expense Ratio Comparison

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

Dividends

BWET vs. LLII - Dividend Comparison

Neither BWET nor LLII has paid dividends to shareholders.

Position	TTM	2025
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%
LLII REX LLY Growth & Income ETF	25.62%	5.13%

Frequently Asked Questions

Can I hold both BWET and LLII in my portfolio?

BWET and LLII have a correlation of 0.10, 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 LLII?

On fees, LLII 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 LLII?

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

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

LLII has the higher dividend yield at 25.62%, compared with 0.00% for BWET.

What is the main difference between BWET and LLII?

BWET is categorized as Commodities, while LLII is Derivative Income. They also come from different issuers: Amplify and REX. Their fees differ too: 3.50% for BWET and 0.99% for LLII.