CCOM vs. BWET

Last updated Aug 4, 2026

CCOM (Simplify Chinese Commodities Strategy No K-1 ETF) and BWET (Breakwave Tanker Shipping ETF) are both Commodities funds. CCOM is actively managed, while BWET is passively managed. Their 0.21 correlation means their historical movements had little consistent relationship. CCOM charges 0.99%/yr vs 3.50%/yr for BWET.

Performance

CCOM vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Chinese Commodities Strategy No K-1 ETF (CCOM) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CCOM

• 1D: -0.06%
• 1M: -1.27%
• 6M: 0.22%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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%

*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	$45.42M	$38.94M	$29.75M
CCOM Simplify Chinese Commodities Strategy No K-1 ETF	$489.06	$1.63K	$4.84K

CCOM vs. BWET - Yearly Performance Comparison

	2026 (YTD)
CCOM Simplify Chinese Commodities Strategy No K-1 ETF	-3.71%
BWET Breakwave Tanker Shipping ETF	717.88%

Correlation

The correlation between CCOM and BWET is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026	0.21

Return for Risk

CCOM vs. BWET — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CCOM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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: 99
BWET Martin Ratio Rank: 99

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.

CCOM vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Chinese Commodities Strategy No K-1 ETF (CCOM) and Breakwave Tanker Shipping ETF (BWET). 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.

	CCOM	BWET	Difference
Sharpe ratio: Return per unit of total volatility	—	20.19	—
Sortino ratio: Return per unit of downside risk	—	6.36	—
Omega ratio: Gain probability vs. loss probability	—	1.91	—
Calmar ratio: Return relative to maximum drawdown	—	52.86	—
Martin ratio: Return relative to average drawdown	—	198.46	—

Drawdowns

CCOM vs. BWET - Drawdown Comparison

The maximum CCOM drawdown since its inception was -7.44%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for CCOM and BWET.

Drawdown Indicators

	CCOM	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-7.44%	-56.90%	+49.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-41.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.81%	—
Current Drawdown Current decline from peak	-5.67%	-3.40%	-2.27%
Average Drawdown Average peak-to-trough decline	-3.35%	-23.38%	+20.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.96%	—

Volatility

Volatility by Period

	CCOM	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	31.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	95.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	108.15%	-95.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.48%	74.45%	-61.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.48%	74.45%	-61.97%

CCOM vs. BWET - Expense Ratio Comparison

CCOM has a 0.99% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

CCOM vs. BWET - Dividend Comparison

CCOM's dividend yield for the trailing twelve months is around 1.26%, while BWET has not paid dividends to shareholders.

Position	TTM
BWET Breakwave Tanker Shipping ETF	0.00%
CCOM Simplify Chinese Commodities Strategy No K-1 ETF	1.26%

Frequently Asked Questions

Can I hold both CCOM and BWET in my portfolio?

CCOM and BWET have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCOM or BWET?

On fees, CCOM is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CCOM or BWET?

CCOM is cheaper with a 0.99% expense ratio, compared with 3.50% for BWET.

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

CCOM has the higher dividend yield at 1.26%, compared with 0.00% for BWET.

What is the main difference between CCOM and BWET?

They also come from different issuers: Simplify and Amplify. Their fees differ too: 0.99% for CCOM and 3.50% for BWET.