CCRV vs. BWET

Last updated Jun 4, 2026

CCRV (iShares Commodity Curve Carry Strategy ETF) and BWET (Breakwave Tanker Shipping ETF) are both Commodities funds - CCRV tracks the CCRV-US - ICE BofA Commodity Enhanced Carry Index while BWET tracks the Breakwave Wet Freight Futures Index. Both are passively managed. At a 0.01 correlation, their price movements are largely independent. CCRV charges 0.40%/yr vs 3.50%/yr for BWET.

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.

Returns By Period

CCRV

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

BWET

• 1D: 4.26%
• 1M: 9.15%
• YTD: 875.88%
• 6M: 735.56%
• 1Y: 1,800.91%
• 3Y*: 129.64%
• 5Y*: —
• 10Y*: —

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

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	875.88%	96.22%	-39.21%	15.94%

Correlation

The correlation between CCRV and BWET is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since May 4, 2023	0.01

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: 97
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 100
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	—	18.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.90	—

Drawdowns

Drawdown Indicators

	CCRV	BWET	Difference
Max Drawdown Largest peak-to-trough decline	—	-56.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-30.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	—	-11.29%	—
Average Drawdown Average peak-to-trough decline	—	-24.09%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.51%	—

Volatility

Volatility by Period

	CCRV	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	33.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	88.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	98.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	70.45%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	70.45%	—

CCRV vs. BWET - Expense Ratio Comparison

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

Dividends

CCRV vs. BWET - Dividend Comparison

Neither CCRV nor BWET has paid dividends to shareholders.

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

Frequently Asked Questions

Can I hold both CCRV and BWET in my portfolio?

CCRV and BWET have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCRV or BWET?

On fees, CCRV is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CCRV or BWET?

CCRV is cheaper with a 0.40% expense ratio, compared with 3.50% for BWET.

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

CCRV and BWET have nearly identical dividend yields, around 0.00%.

What is the main difference between CCRV and BWET?

CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.40% for CCRV and 3.50% for BWET.