BWET vs. SGDJ
BWET (Breakwave Tanker Shipping ETF) and SGDJ (Sprott Junior Gold Miners ETF) are both exchange-traded funds - BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index, while SGDJ is a Gold fund tracking the Solactive Junior Gold Miners Custom Factors Index. Both are passively managed. Over the past 3 years, BWET returned 135.18%/yr vs 47.29%/yr for SGDJ. Their 0.00 correlation means their historical movements had little consistent relationship. BWET charges 3.50%/yr vs 0.50%/yr for SGDJ.
Performance
BWET vs. SGDJ - Performance Comparison
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Returns By Period
In the year-to-date period, BWET achieves a 1,246.34% return, which is significantly higher than SGDJ's -9.52% 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%
SGDJ
- 1D
- 4.19%
- 1M
- -2.98%
- 6M
- -18.78%
- YTD
- -9.52%
- 1Y
- 70.50%
- 3Y*
- 47.29%
- 5Y*
- 16.55%
- 10Y*
- 8.03%
- ALL TIME*
- 13.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.42M | $38.94M | $29.75M | |
| $3.49M | $3.45M | $5.08M |
BWET vs. SGDJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 1,246.34% | 96.22% | -39.21% | 14.13% |
SGDJ Sprott Junior Gold Miners ETF | -9.52% | 174.44% | 19.35% | -8.72% |
Correlation
The correlation between BWET and SGDJ is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | 0.00 |
The correlation between BWET and SGDJ shifts across timeframes, from -0.11 (1 year) to 0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BWET vs. SGDJ — Risk / Return Rank
BWET
SGDJ
BWET vs. SGDJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and Sprott Junior Gold Miners ETF (SGDJ). 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 | SGDJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +18.83 | ||
| Sortino ratioReturn per unit of downside risk | +4.60 | ||
| Omega ratioGain probability vs. loss probability | 1.91 | 1.24 | +0.68 |
| Calmar ratioReturn relative to maximum drawdown | 52.86 | 1.87 | +50.99 |
| Martin ratioReturn relative to average drawdown | 198.46 | 3.88 | +194.58 |
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Drawdowns
BWET vs. SGDJ - Drawdown Comparison
The maximum BWET drawdown since its inception was -56.90%, roughly equal to the maximum SGDJ drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for BWET and SGDJ.
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Drawdown Indicators
| BWET | SGDJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -59.27% | +2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -41.22% | -37.98% | -3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -56.81% | -37.98% | -18.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.20% | — |
Current DrawdownCurrent decline from peak | -3.40% | -34.03% | +30.63% |
Average DrawdownAverage peak-to-trough decline | -23.38% | -26.34% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.96% | 18.22% | -7.26% |
Volatility
BWET vs. SGDJ - Volatility Comparison
Breakwave Tanker Shipping ETF (BWET) has a higher volatility of 31.04% compared to Sprott Junior Gold Miners ETF (SGDJ) at 13.95%. This indicates that BWET's price experiences larger fluctuations and is considered to be riskier than SGDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWET | SGDJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.04% | 13.95% | +17.09% |
Volatility (6M)Calculated over the trailing 6-month period | 95.74% | 40.00% | +55.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 108.15% | 52.51% | +55.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.45% | 41.32% | +33.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.45% | 40.93% | +33.52% |
BWET vs. SGDJ - Expense Ratio Comparison
BWET has a 3.50% expense ratio, which is higher than SGDJ's 0.50% expense ratio.
Dividends
BWET vs. SGDJ - Dividend Comparison
BWET has not paid dividends to shareholders, while SGDJ's dividend yield for the trailing twelve months is around 9.25%.
| 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% |
SGDJ Sprott Junior Gold Miners ETF | 9.25% | 8.37% | 6.55% | 4.55% | 2.46% | 2.20% | 1.97% | 0.65% | 0.00% | 0.14% | 1.77% | 0.85% |
Frequently Asked Questions
BWET and SGDJ have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (31.04%) compared to SGDJ (13.95%). In terms of maximum drawdown, BWET dropped -56.90% vs SGDJ's -59.27%.
On 3-year performance, BWET leads with 135.18% vs 47.29% for SGDJ. On fees, SGDJ is cheaper at 0.50% per year. On volatility, SGDJ has been the lower-risk option at 13.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BWET has performed better with a 135.18% return vs 47.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGDJ is cheaper with a 0.50% expense ratio, compared with 3.50% for BWET.
SGDJ has the higher dividend yield at 9.25%, compared with 0.00% for BWET.
BWET is categorized as Commodities, while SGDJ is Gold. BWET tracks Breakwave Wet Freight Futures Index, while SGDJ tracks Solactive Junior Gold Miners Custom Factors Index. They also come from different issuers: Amplify and Sprott. Their fees differ too: 3.50% for BWET and 0.50% for SGDJ.
BWET currently has the higher Sharpe Ratio (20.19 vs 1.35), 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.
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