BWET vs. SWAN
Compare and contrast key facts about Breakwave Tanker Shipping ETF (BWET) and Amplify BlackSwan Growth & Treasury Core ETF (SWAN).
BWET and SWAN 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. SWAN is a passively managed fund by Amplify that tracks the performance of the S-Network BlackSwan Core Index. It was launched on Nov 6, 2018. Both BWET and SWAN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BWET vs. SWAN - Performance Comparison
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BWET vs. SWAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 411.30% | 96.22% | -39.21% | 15.94% |
SWAN Amplify BlackSwan Growth & Treasury Core ETF | -3.58% | 13.93% | 13.44% | 6.28% |
Returns By Period
In the year-to-date period, BWET achieves a 411.30% return, which is significantly higher than SWAN's -3.58% return.
BWET
- 1D
- -19.47%
- 1M
- 71.90%
- YTD
- 411.30%
- 6M
- 568.02%
- 1Y
- 802.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SWAN
- 1D
- 1.86%
- 1M
- -5.08%
- YTD
- -3.58%
- 6M
- -2.03%
- 1Y
- 11.49%
- 3Y*
- 9.86%
- 5Y*
- 2.53%
- 10Y*
- —
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BWET vs. SWAN - Expense Ratio Comparison
BWET has a 3.50% expense ratio, which is higher than SWAN's 0.49% expense ratio.
Return for Risk
BWET vs. SWAN — Risk / Return Rank
BWET
SWAN
BWET vs. SWAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and Amplify BlackSwan Growth & Treasury Core ETF (SWAN). 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 | SWAN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 9.77 | 1.18 | +8.59 |
Sortino ratioReturn per unit of downside risk | 5.78 | 1.70 | +4.08 |
Omega ratioGain probability vs. loss probability | 1.86 | 1.21 | +0.65 |
Calmar ratioReturn relative to maximum drawdown | 27.62 | 1.68 | +25.95 |
Martin ratioReturn relative to average drawdown | 78.05 | 6.45 | +71.60 |
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 | SWAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.77 | 1.18 | +8.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.50 | 0.49 | +1.01 |
Correlation
The correlation between BWET and SWAN is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
BWET vs. SWAN - Dividend Comparison
BWET has not paid dividends to shareholders, while SWAN's dividend yield for the trailing twelve months is around 3.04%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SWAN Amplify BlackSwan Growth & Treasury Core ETF | 3.04% | 2.86% | 2.54% | 2.98% | 2.12% | 5.04% | 1.64% | 3.69% | 0.29% |
Drawdowns
BWET vs. SWAN - Drawdown Comparison
The maximum BWET drawdown since its inception was -56.90%, which is greater than SWAN's maximum drawdown of -31.04%. Use the drawdown chart below to compare losses from any high point for BWET and SWAN.
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Drawdown Indicators
| BWET | SWAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -31.04% | -25.86% |
Max Drawdown (1Y)Largest decline over 1 year | -28.84% | -7.05% | -21.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.04% | — |
Current DrawdownCurrent decline from peak | -19.47% | -5.18% | -14.29% |
Average DrawdownAverage peak-to-trough decline | -24.74% | -9.07% | -15.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.21% | 1.83% | +8.38% |
Volatility
BWET vs. SWAN - Volatility Comparison
Breakwave Tanker Shipping ETF (BWET) has a higher volatility of 51.89% compared to Amplify BlackSwan Growth & Treasury Core ETF (SWAN) at 4.11%. This indicates that BWET's price experiences larger fluctuations and is considered to be riskier than SWAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWET | SWAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 51.89% | 4.11% | +47.78% |
Volatility (6M)Calculated over the trailing 6-month period | 72.97% | 6.86% | +66.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.00% | 9.77% | +73.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.49% | 11.27% | +53.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.49% | 12.50% | +51.99% |