BWET vs. NVDA

Last updated Aug 4, 2026

BWET (Breakwave Tanker Shipping ETF) is Commodities fund tracking the Breakwave Wet Freight Futures Index, while NVDA (NVIDIA Corporation) is a stock. Over the past 3 years, BWET returned 135.18%/yr vs 66.72%/yr for NVDA. Their 0.02 correlation means their historical movements had little consistent relationship.

Performance

BWET vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Breakwave Tanker Shipping ETF (BWET) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BWET achieves a 1,246.34% return, which is significantly higher than NVDA's 10.93% return.

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%

NVDA

• 1D: 2.93%
• 1M: 6.06%
• 6M: 11.47%
• YTD: 10.93%
• 1Y: 19.11%
• 3Y*: 66.72%
• 5Y*: 59.20%
• 10Y*: 64.47%
• ALL TIME*: 36.41%

*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
NVDA NVIDIA Corporation	$26.31B	$26.07B	$32.04B

BWET vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BWET Breakwave Tanker Shipping ETF	1,246.34%	96.22%	-39.21%	14.13%
NVDA NVIDIA Corporation	10.93%	38.92%	171.25%	75.60%

Correlation

The correlation between BWET and NVDA is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.03
Correlation (3Y) Balances recent behavior with more history.	0.01
Correlation (All Time) Calculated using the full available price history since May 3, 2023	0.02

Return for Risk

BWET vs. NVDA — 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

NVDA

NVDA Risk / Return Rank: 61
NVDA Sharpe Ratio Rank: 64
NVDA Sortino Ratio Rank: 58
NVDA Omega Ratio Rank: 56
NVDA Calmar Ratio Rank: 66
NVDA Martin Ratio Rank: 64

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. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	20.19	0.53	+19.66
Sortino ratio: Return per unit of downside risk	6.36	0.97	+5.38
Omega ratio: Gain probability vs. loss probability	1.91	1.11	+0.80
Calmar ratio: Return relative to maximum drawdown	52.86	0.95	+51.91
Martin ratio: Return relative to average drawdown	198.46	1.93	+196.53

BWET vs. NVDA - Sharpe Ratio Comparison

The current BWET Sharpe Ratio is 20.19, which is higher than the NVDA Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of BWET and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BWET vs. NVDA - Drawdown Comparison

The maximum BWET drawdown since its inception was -56.90%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for BWET and NVDA.

Drawdown Indicators

	BWET	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-56.90%	-89.72%	+32.82%
Max Drawdown (1Y) Largest decline over 1 year	-41.22%	-20.21%	-21.01%
Max Drawdown (3Y) Largest decline over 3 years	-56.81%	-36.88%	-19.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-3.40%	-12.24%	+8.84%
Average Drawdown Average peak-to-trough decline	-23.38%	-36.07%	+12.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.96%	9.93%	+1.03%

Volatility

BWET vs. NVDA - Volatility Comparison

Breakwave Tanker Shipping ETF (BWET) has a higher volatility of 31.04% compared to NVIDIA Corporation (NVDA) at 12.25%. This indicates that BWET's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWET	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.04%	12.25%	+18.79%
Volatility (6M) Calculated over the trailing 6-month period	95.74%	28.43%	+67.31%
Volatility (1Y) Calculated over the trailing 1-year period	108.15%	36.50%	+71.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.45%	51.91%	+22.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.45%	49.97%	+24.48%

Dividends

BWET vs. NVDA - Dividend Comparison

BWET has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Frequently Asked Questions

Can I hold both BWET and NVDA in my portfolio?

BWET and NVDA have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BWET or NVDA?

BWET has higher volatility (31.04%) compared to NVDA (12.25%). In terms of maximum drawdown, BWET dropped -56.90% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (20.19 vs 0.53), 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.