CNBS vs. BWET

Last updated Jun 5, 2026

CNBS (Amplify Seymour Cannabis ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - CNBS is a Cannabis fund actively managed by Amplify, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. CNBS is actively managed, while BWET is passively managed. Over the past 3 years, CNBS returned -0.72%/yr vs 145.24%/yr for BWET. At a correlation of -0.06, they often move in opposite directions. CNBS charges 0.75%/yr vs 3.50%/yr for BWET.

Performance

CNBS vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Seymour Cannabis ETF (CNBS) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNBS achieves a 4.70% return, which is significantly lower than BWET's 990.13% return.

CNBS

• 1D: 6.54%
• 1M: 0.77%
• YTD: 4.70%
• 6M: 26.27%
• 1Y: 91.63%
• 3Y*: -0.72%
• 5Y*: -32.48%
• 10Y*: —

BWET

• 1D: 11.71%
• 1M: -0.90%
• YTD: 990.13%
• 6M: 857.64%
• 1Y: 2,014.90%
• 3Y*: 145.24%
• 5Y*: —
• 10Y*: —

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

CNBS vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CNBS Amplify Seymour Cannabis ETF	4.70%	15.33%	-29.41%	9.49%
BWET Breakwave Tanker Shipping ETF	990.13%	96.22%	-39.21%	15.94%

Correlation

The correlation between CNBS and BWET is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (All Time) Calculated using the full available price history since May 4, 2023	-0.06

CNBS vs. BWET - Sectors Allocation Comparison

Sectors	CNBS	BWET
Healthcare	63.1%	-
Real Estate	13.8%	-
Technology	10.7%	-
Consumer Defensive	7.0%	-
Consumer Cyclical	3.4%	-
Financial Services	1.9%	8.6%
Industrials	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Utilities	-	-

Return for Risk

CNBS vs. BWET — Risk / Return Rank

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

CNBS

CNBS Risk / Return Rank: 33
CNBS Sharpe Ratio Rank: 25
CNBS Sortino Ratio Rank: 40
CNBS Omega Ratio Rank: 37
CNBS Calmar Ratio Rank: 37
CNBS Martin Ratio Rank: 25

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

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.

CNBS vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Seymour Cannabis ETF (CNBS) 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.

	CNBS	BWET	Difference
Sharpe ratio: Return per unit of total volatility	0.88	20.67	-19.80
Sortino ratio: Return per unit of downside risk	2.02	6.77	-4.75
Omega ratio: Gain probability vs. loss probability	1.24	1.99	-0.75
Calmar ratio: Return relative to maximum drawdown	1.80	66.60	-64.81
Martin ratio: Return relative to average drawdown	3.30	176.91	-173.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNBS vs. BWET - Sharpe Ratio Comparison

The current CNBS Sharpe Ratio is 0.88, which is lower than the BWET Sharpe Ratio of 20.67. The chart below compares the historical Sharpe Ratios of CNBS and BWET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CNBS	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	20.67	-19.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.39	2.01	-2.40

Drawdowns

CNBS vs. BWET - Drawdown Comparison

The maximum CNBS drawdown since its inception was -95.71%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for CNBS and BWET.

Drawdown Indicators

	CNBS	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-95.71%	-56.90%	-38.81%
Max Drawdown (1Y) Largest decline over 1 year	-51.25%	-30.64%	-20.61%
Max Drawdown (3Y) Largest decline over 3 years	-73.41%	-56.90%	-16.51%
Max Drawdown (5Y) Largest decline over 5 years	-93.58%	—	—
Current Drawdown Current decline from peak	-90.88%	-0.90%	-89.98%
Average Drawdown Average peak-to-trough decline	-71.27%	-24.06%	-47.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.83%	11.51%	+16.32%

Volatility

CNBS vs. BWET - Volatility Comparison

The current volatility for Amplify Seymour Cannabis ETF (CNBS) is 18.65%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 28.88%. This indicates that CNBS 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.

Volatility by Period

	CNBS	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.65%	28.88%	-10.23%
Volatility (6M) Calculated over the trailing 6-month period	76.84%	88.79%	-11.95%
Volatility (1Y) Calculated over the trailing 1-year period	105.28%	98.73%	+6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.80%	70.70%	-5.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.37%	70.70%	-9.33%

CNBS vs. BWET - Expense Ratio Comparison

CNBS has a 0.75% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

CNBS vs. BWET - Dividend Comparison

Neither CNBS nor BWET has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CNBS Amplify Seymour Cannabis ETF	0.00%	0.00%	43.54%	0.00%	0.00%	0.00%	0.58%	0.58%

Frequently Asked Questions

Can I hold both CNBS and BWET in my portfolio?

CNBS and BWET have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CNBS or BWET?

BWET has higher volatility (28.88%) compared to CNBS (18.65%). In terms of maximum drawdown, CNBS dropped -95.71% vs BWET's -56.90%.

Which ETF is better, CNBS or BWET?

On 3-year performance, BWET leads with 145.24% vs -0.72% for CNBS. On fees, CNBS is cheaper at 0.75% per year. On volatility, CNBS has been the lower-risk option at 18.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CNBS or BWET?

Over the 3-year period, BWET has performed better with a 145.24% return vs -0.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CNBS or BWET?

CNBS is cheaper with a 0.75% expense ratio, compared with 3.50% for BWET.

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

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

What is the main difference between CNBS and BWET?

CNBS is categorized as Cannabis, while BWET is Commodities. Their fees differ too: 0.75% for CNBS and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (20.67 vs 0.88), 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.