CCRV vs. BWET

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Commodity Curve Carry Strategy ETF (CCRV) and Breakwave Tanker Shipping ETF (BWET).

CCRV and BWET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCRV is a passively managed fund by iShares that tracks the performance of the CCRV-US - ICE BofA Commodity Enhanced Carry Index. It was launched on Sep 1, 2020. 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. Both CCRV and BWET 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

CCRV vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodity Curve Carry Strategy ETF (CCRV) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

CCRV vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	13.45%
BWET Breakwave Tanker Shipping ETF	503.80%	96.22%	-39.21%	15.94%

Returns By Period

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: 18.09%
• 1M: 58.86%
• YTD: 503.80%
• 6M: 756.55%
• 1Y: 976.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCRV vs. BWET - Expense Ratio Comparison

CCRV has a 0.40% expense ratio, which is lower than BWET's 3.50% expense ratio.

BWET

Breakwave Tanker Shipping ETF

CCRV

iShares Commodity Curve Carry Strategy ETF

Return for Risk

CCRV vs. BWET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BWET

BWET Risk / Return Rank: 99
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 99
BWET Omega Ratio Rank: 98
BWET Calmar Ratio Rank: 99
BWET Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCRV vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) 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.

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

Sharpe Ratios by Period

	CCRV	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	11.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.66	—

Correlation

The correlation between CCRV and BWET is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CCRV vs. BWET - Dividend Comparison

Neither CCRV nor BWET has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	CCRV	BWET	Difference
Max Drawdown Largest peak-to-trough decline	—	-56.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-28.84%	—
Current Drawdown Current decline from peak	—	-4.91%	—
Average Drawdown Average peak-to-trough decline	—	-24.71%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.20%	—

Volatility

Volatility by Period

	CCRV	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	51.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	74.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	84.73%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	65.29%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	65.29%	—