BWET vs. USSH

Last updated Aug 2, 2026

BWET (Breakwave Tanker Shipping ETF) and USSH (WisdomTree 1-3 Year Laddered Treasury Fund) are both exchange-traded funds - BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index, while USSH is a Government Bonds fund tracking the Bloomberg US Treasury 1-3 Year Laddered Index. Both are passively managed. Over the past year, BWET returned 2229.63% vs 2.44% for USSH. Their -0.11 correlation means they have often moved in opposite directions in the past. BWET charges 3.50%/yr vs 0.15%/yr for USSH.

Performance

BWET vs. USSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Breakwave Tanker Shipping ETF (BWET) and WisdomTree 1-3 Year Laddered Treasury Fund (USSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BWET achieves a 1,293.70% return, which is significantly higher than USSH's 0.70% return.

BWET

• 1D: 1.74%
• 1M: 57.43%
• 6M: 631.38%
• YTD: 1,293.70%
• 1Y: 2,229.63%
• 3Y*: 137.18%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 147.72%

USSH

• 1D: -0.04%
• 1M: 0.05%
• 6M: 0.48%
• YTD: 0.70%
• 1Y: 2.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.02%

*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	$41.53M	$35.69M	$28.56M
USSH WisdomTree 1-3 Year Laddered Treasury Fund	$33.16K	$50.11K	$69.36K

BWET vs. USSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BWET Breakwave Tanker Shipping ETF	1,293.70%	96.22%	-48.22%
USSH WisdomTree 1-3 Year Laddered Treasury Fund	0.70%	5.00%	3.87%

Correlation

The correlation between BWET and USSH is -0.17, 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.	-0.17
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024	-0.11

Return for Risk

BWET vs. USSH — 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: 100
BWET Martin Ratio Rank: 99

USSH

USSH Risk / Return Rank: 90
USSH Sharpe Ratio Rank: 90
USSH Sortino Ratio Rank: 93
USSH Omega Ratio Rank: 92
USSH Calmar Ratio Rank: 86
USSH Martin Ratio Rank: 87

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. USSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Breakwave Tanker Shipping ETF (BWET) and WisdomTree 1-3 Year Laddered Treasury Fund (USSH). 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	USSH	Difference
Sharpe ratio: Return per unit of total volatility	21.89	2.25	+19.64
Sortino ratio: Return per unit of downside risk	6.50	3.63	+2.87
Omega ratio: Gain probability vs. loss probability	1.94	1.45	+0.49
Calmar ratio: Return relative to maximum drawdown	57.28	3.41	+53.87
Martin ratio: Return relative to average drawdown	215.11	12.82	+202.28

BWET vs. USSH - Sharpe Ratio Comparison

The current BWET Sharpe Ratio is 21.89, which is higher than the USSH Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of BWET and USSH, 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. USSH - Drawdown Comparison

The maximum BWET drawdown since its inception was -56.90%, which is greater than USSH's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for BWET and USSH.

Drawdown Indicators

	BWET	USSH	Difference
Max Drawdown Largest peak-to-trough decline	-56.90%	-1.01%	-55.89%
Max Drawdown (1Y) Largest decline over 1 year	-41.22%	-0.87%	-40.35%
Max Drawdown (3Y) Largest decline over 3 years	-56.81%	—	—
Current Drawdown Current decline from peak	0.00%	-0.05%	+0.05%
Average Drawdown Average peak-to-trough decline	-23.41%	-0.20%	-23.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.95%	0.23%	+10.72%

Volatility

BWET vs. USSH - Volatility Comparison

Breakwave Tanker Shipping ETF (BWET) has a higher volatility of 32.52% compared to WisdomTree 1-3 Year Laddered Treasury Fund (USSH) at 0.36%. This indicates that BWET's price experiences larger fluctuations and is considered to be riskier than USSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWET	USSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.52%	0.36%	+32.16%
Volatility (6M) Calculated over the trailing 6-month period	95.71%	1.02%	+94.69%
Volatility (1Y) Calculated over the trailing 1-year period	107.87%	1.33%	+106.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.46%	1.53%	+72.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.46%	1.53%	+72.93%

BWET vs. USSH - Expense Ratio Comparison

BWET has a 3.50% expense ratio, which is higher than USSH's 0.15% expense ratio.

Dividends

BWET vs. USSH - Dividend Comparison

BWET has not paid dividends to shareholders, while USSH's dividend yield for the trailing twelve months is around 3.65%.

Position	TTM	2025	2024
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%
USSH WisdomTree 1-3 Year Laddered Treasury Fund	3.65%	3.67%	3.22%

Frequently Asked Questions

Can I hold both BWET and USSH in my portfolio?

BWET and USSH have a correlation of -0.17, 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 USSH?

BWET has higher volatility (32.52%) compared to USSH (0.36%). In terms of maximum drawdown, BWET dropped -56.90% vs USSH's -1.01%.

Which ETF is better, BWET or USSH?

On 1-year performance, BWET leads with 2229.63% vs 2.44% for USSH. On fees, USSH is cheaper at 0.15% per year. On volatility, USSH has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BWET or USSH?

Over the 1-year period, BWET has performed better with a 2229.63% return vs 2.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BWET or USSH?

USSH is cheaper with a 0.15% expense ratio, compared with 3.50% for BWET.

Which ETF pays a higher dividend yield, BWET or USSH?

USSH has the higher dividend yield at 3.65%, compared with 0.00% for BWET.

What is the main difference between BWET and USSH?

BWET is categorized as Commodities, while USSH is Government Bonds. BWET tracks Breakwave Wet Freight Futures Index, while USSH tracks Bloomberg US Treasury 1-3 Year Laddered Index. They also come from different issuers: Amplify and WisdomTree. Their fees differ too: 3.50% for BWET and 0.15% for USSH.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (21.89 vs 2.25), 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.