BWET vs. PDBC
Compare and contrast key facts about Breakwave Tanker Shipping ETF (BWET) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC).
BWET and PDBC 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. PDBC is an actively managed fund by Invesco. It was launched on Nov 7, 2014.
Performance
BWET vs. PDBC - Performance Comparison
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BWET vs. PDBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 411.30% | 96.22% | -39.21% | 15.94% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 30.72% | 5.96% | 2.09% | 2.64% |
Returns By Period
In the year-to-date period, BWET achieves a 411.30% return, which is significantly higher than PDBC's 30.72% return.
BWET
- 1D
- -19.47%
- 1M
- 71.90%
- YTD
- 411.30%
- 6M
- 568.02%
- 1Y
- 802.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDBC
- 1D
- -1.03%
- 1M
- 16.09%
- YTD
- 30.72%
- 6M
- 33.97%
- 1Y
- 32.00%
- 3Y*
- 11.28%
- 5Y*
- 14.29%
- 10Y*
- 9.86%
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BWET vs. PDBC - Expense Ratio Comparison
BWET has a 3.50% expense ratio, which is higher than PDBC's 0.58% expense ratio.
Return for Risk
BWET vs. PDBC — Risk / Return Rank
BWET
PDBC
BWET vs. PDBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). 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 | PDBC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 9.77 | 1.72 | +8.05 |
Sortino ratioReturn per unit of downside risk | 5.78 | 2.31 | +3.47 |
Omega ratioGain probability vs. loss probability | 1.86 | 1.31 | +0.54 |
Calmar ratioReturn relative to maximum drawdown | 27.62 | 3.04 | +24.58 |
Martin ratioReturn relative to average drawdown | 78.05 | 7.48 | +70.57 |
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 | PDBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.77 | 1.72 | +8.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.50 | 0.22 | +1.28 |
Correlation
The correlation between BWET and PDBC 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. PDBC - Dividend Comparison
BWET has not paid dividends to shareholders, while PDBC's dividend yield for the trailing twelve months is around 2.94%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 2.94% | 3.84% | 4.42% | 4.21% | 13.05% | 50.83% | 0.01% | 1.40% | 1.00% | 3.83% | 6.51% |
Drawdowns
BWET vs. PDBC - Drawdown Comparison
The maximum BWET drawdown since its inception was -56.90%, which is greater than PDBC's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for BWET and PDBC.
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Drawdown Indicators
| BWET | PDBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -49.52% | -7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -28.84% | -11.07% | -17.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.73% | — |
Current DrawdownCurrent decline from peak | -19.47% | -1.03% | -18.44% |
Average DrawdownAverage peak-to-trough decline | -24.74% | -23.53% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.21% | 4.50% | +5.71% |
Volatility
BWET vs. PDBC - Volatility Comparison
Breakwave Tanker Shipping ETF (BWET) has a higher volatility of 51.89% compared to Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) at 8.15%. This indicates that BWET's price experiences larger fluctuations and is considered to be riskier than PDBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWET | PDBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.89% | 8.15% | +43.74% |
Volatility (6M)Calculated over the trailing 6-month period | 72.97% | 13.88% | +59.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.00% | 18.72% | +64.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.49% | 18.92% | +45.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.49% | 17.69% | +46.80% |