BWET vs. SILJ
BWET (Breakwave Tanker Shipping ETF) and SILJ (Amplify Junior Silver Miners ETF) are both exchange-traded funds - BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index, while SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past 3 years, BWET returned 109.03%/yr vs 43.49%/yr for SILJ. At a 0.06 correlation, their price movements are largely independent. BWET charges 3.50%/yr vs 0.69%/yr for SILJ.
Performance
BWET vs. SILJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BWET achieves a 769.73% return, which is significantly higher than SILJ's -10.01% return.
BWET
- 1D
- -18.59%
- 1M
- -3.58%
- YTD
- 769.73%
- 6M
- 723.00%
- 1Y
- 1,296.25%
- 3Y*
- 109.03%
- 5Y*
- —
- 10Y*
- —
SILJ
- 1D
- -4.34%
- 1M
- -13.63%
- YTD
- -10.01%
- 6M
- -13.51%
- 1Y
- 75.44%
- 3Y*
- 43.49%
- 5Y*
- 12.29%
- 10Y*
- 7.72%
BWET vs. SILJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 769.73% | 96.22% | -39.21% | 14.13% |
SILJ Amplify Junior Silver Miners ETF | -10.01% | 183.89% | 6.39% | -9.58% |
Correlation
The correlation between BWET and SILJ is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | 0.06 |
The correlation between BWET and SILJ shifts across timeframes, from -0.04 (1 year) to 0.07 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BWET vs. SILJ — Risk / Return Rank
BWET
SILJ
BWET vs. SILJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and Amplify Junior Silver Miners ETF (SILJ). 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 | SILJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.85 | ||
| Sortino ratioReturn per unit of downside risk | +3.93 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.24 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 42.79 | 1.94 | +40.85 |
| Martin ratioReturn relative to average drawdown | 136.82 | 4.72 | +132.10 |
Loading charts...
Drawdowns
BWET vs. SILJ - Drawdown Comparison
The maximum BWET drawdown since its inception was -56.90%, smaller than the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for BWET and SILJ.
Loading charts...
Drawdown Indicators
| BWET | SILJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -79.04% | +22.14% |
Max Drawdown (1Y)Largest decline over 1 year | -30.64% | -39.16% | +8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -56.81% | -39.16% | -17.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.06% | — |
Current DrawdownCurrent decline from peak | -23.05% | -38.21% | +15.16% |
Average DrawdownAverage peak-to-trough decline | -23.76% | -41.38% | +17.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.87% | 16.04% | -6.17% |
Volatility
BWET vs. SILJ - Volatility Comparison
Breakwave Tanker Shipping ETF (BWET) has a higher volatility of 32.83% compared to Amplify Junior Silver Miners ETF (SILJ) at 20.88%. This indicates that BWET's price experiences larger fluctuations and is considered to be riskier than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BWET | SILJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.83% | 20.88% | +11.95% |
Volatility (6M)Calculated over the trailing 6-month period | 91.75% | 48.17% | +43.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.33% | 57.62% | +42.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.24% | 44.97% | +26.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.24% | 46.52% | +24.72% |
BWET vs. SILJ - Expense Ratio Comparison
BWET has a 3.50% expense ratio, which is higher than SILJ's 0.69% expense ratio.
Dividends
BWET vs. SILJ - Dividend Comparison
BWET has not paid dividends to shareholders, while SILJ's dividend yield for the trailing twelve months is around 2.23%.
| 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% |
SILJ Amplify Junior Silver Miners ETF | 2.23% | 2.00% | 7.26% | 0.01% | 0.05% | 0.36% | 1.23% | 1.45% | 1.66% | 0.00% | 0.52% | 2.46% |
Frequently Asked Questions
BWET and SILJ have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (32.83%) compared to SILJ (20.88%). In terms of maximum drawdown, BWET dropped -56.90% vs SILJ's -79.04%.
On 3-year performance, BWET leads with 109.03% vs 43.49% for SILJ. On fees, SILJ is cheaper at 0.69% per year. On volatility, SILJ has been the lower-risk option at 20.88%. 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 109.03% return vs 43.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SILJ is cheaper with a 0.69% expense ratio, compared with 3.50% for BWET.
SILJ has the higher dividend yield at 2.23%, compared with 0.00% for BWET.
BWET is categorized as Commodities, while SILJ is Silver. BWET tracks Breakwave Wet Freight Futures Index, while SILJ tracks Nasdaq Junior Silver Miners Index. Their fees differ too: 3.50% for BWET and 0.69% for SILJ.
BWET currently has the higher Sharpe Ratio (13.17 vs 1.32), 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.
Find the right allocation for BWET and SILJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer