CIL vs. BWET
CIL (VictoryShares International Volatility Wtd ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - CIL is a Foreign Large Cap Equities fund tracking the Nasdaq Victory International 500 Volatility Weighted Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, CIL returned 15.96%/yr vs 123.86%/yr for BWET. At a 0.00 correlation, their price movements are largely independent. CIL charges 0.45%/yr vs 3.50%/yr for BWET.
Performance
CIL vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, CIL achieves a 5.44% return, which is significantly lower than BWET's 968.33% return.
CIL
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.44%
- 6M
- 5.34%
- 1Y
- 16.95%
- 3Y*
- 15.96%
- 5Y*
- 7.55%
- 10Y*
- 8.21%
BWET
- 1D
- -5.48%
- 1M
- 18.43%
- YTD
- 968.33%
- 6M
- 944.72%
- 1Y
- 1,424.52%
- 3Y*
- 123.86%
- 5Y*
- —
- 10Y*
- —
CIL vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CIL VictoryShares International Volatility Wtd ETF | 5.44% | 32.99% | 3.76% | 5.81% |
BWET Breakwave Tanker Shipping ETF | 968.33% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between CIL and BWET is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | 0.00 |
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Return for Risk
CIL vs. BWET — Risk / Return Rank
CIL
BWET
CIL vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Volatility Wtd ETF (CIL) 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.
| CIL | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.87 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 47.03 | -43.18 |
| Martin ratioReturn relative to average drawdown | 16.75 | 147.28 | -130.53 |
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Drawdowns
CIL vs. BWET - Drawdown Comparison
The maximum CIL drawdown since its inception was -36.27%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for CIL and BWET.
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Drawdown Indicators
| CIL | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.27% | -56.90% | +20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.60% | -30.64% | +26.04% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -56.81% | +44.85% |
Max Drawdown (5Y)Largest decline over 5 years | -29.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.27% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -5.48% | +4.90% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -23.76% | +17.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 11.60% | -10.53% |
Volatility
CIL vs. BWET - Volatility Comparison
The current volatility for VictoryShares International Volatility Wtd ETF (CIL) is 0.00%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 26.27%. This indicates that CIL experiences smaller price fluctuations and is considered to be less risky than BWET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIL | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 26.27% | -26.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 89.01% | -85.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.66% | 98.57% | -90.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.47% | 70.47% | -54.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 70.47% | -53.39% |
CIL vs. BWET - Expense Ratio Comparison
CIL has a 0.45% expense ratio, which is lower than BWET's 3.50% expense ratio.
Dividends
CIL vs. BWET - Dividend Comparison
CIL's dividend yield for the trailing twelve months is around 1.20%, while BWET has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CIL VictoryShares International Volatility Wtd ETF | 1.20% | 2.70% | 3.46% | 2.91% | 2.41% | 3.04% | 1.73% | 2.69% | 2.85% | 2.17% | 2.34% | 0.43% |
Frequently Asked Questions
CIL and BWET have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (26.27%) compared to CIL (0.00%). In terms of maximum drawdown, CIL dropped -36.27% vs BWET's -56.90%.
On 3-year performance, BWET leads with 123.86% vs 15.96% for CIL. On fees, CIL is cheaper at 0.45% per year. On volatility, CIL has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BWET has performed better with a 123.86% return vs 15.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CIL is cheaper with a 0.45% expense ratio, compared with 3.50% for BWET.
CIL has the higher dividend yield at 1.20%, compared with 0.00% for BWET.
CIL is categorized as Foreign Large Cap Equities, while BWET is Commodities. CIL tracks Nasdaq Victory International 500 Volatility Weighted Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: Crestview and Amplify. Their fees differ too: 0.45% for CIL and 3.50% for BWET.
BWET currently has the higher Sharpe Ratio (14.65 vs 2.32), 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.
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