CTWO vs. BDRY
CTWO (COtwo Advisors Physical European Carbon Allowance Trust) and BDRY (Breakwave Dry Bulk Shipping ETF) are both Commodities funds. At a 0.00 correlation, their price movements are largely independent. CTWO charges 0.79%/yr vs 3.76%/yr for BDRY.
Performance
CTWO vs. BDRY - Performance Comparison
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Returns By Period
In the year-to-date period, CTWO achieves a -15.24% return, which is significantly lower than BDRY's 43.90% return.
CTWO
- 1D
- 2.00%
- 1M
- 1.51%
- YTD
- -15.24%
- 6M
- -10.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BDRY
- 1D
- -2.47%
- 1M
- 7.04%
- YTD
- 43.90%
- 6M
- 35.70%
- 1Y
- 142.69%
- 3Y*
- 27.14%
- 5Y*
- -11.69%
- 10Y*
- —
CTWO vs. BDRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CTWO COtwo Advisors Physical European Carbon Allowance Trust | -15.24% | 15.78% |
BDRY Breakwave Dry Bulk Shipping ETF | 43.90% | 53.05% |
Correlation
The correlation between CTWO and BDRY is 0.00, 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 (All Time) Calculated using the full available price history since Jun 23, 2025 | 0.00 |
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Return for Risk
CTWO vs. BDRY — Risk / Return Rank
CTWO
BDRY
CTWO vs. BDRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for COtwo Advisors Physical European Carbon Allowance Trust (CTWO) and Breakwave Dry Bulk Shipping ETF (BDRY). 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.
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Sharpe Ratios by Period
| CTWO | BDRY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.40 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | -0.13 | +0.06 |
Drawdowns
CTWO vs. BDRY - Drawdown Comparison
The maximum CTWO drawdown since its inception was -30.13%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for CTWO and BDRY.
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Drawdown Indicators
| CTWO | BDRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.13% | -89.16% | +59.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.60% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.16% | — |
Current DrawdownCurrent decline from peak | -24.89% | -69.60% | +44.71% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -58.38% | +49.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.40% | — |
Volatility
CTWO vs. BDRY - Volatility Comparison
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Volatility by Period
| CTWO | BDRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 30.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.94% | 42.29% | -14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.94% | 60.70% | -32.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.94% | 62.58% | -34.64% |
CTWO vs. BDRY - Expense Ratio Comparison
CTWO has a 0.79% expense ratio, which is lower than BDRY's 3.76% expense ratio.
Dividends
CTWO vs. BDRY - Dividend Comparison
Neither CTWO nor BDRY has paid dividends to shareholders.
Frequently Asked Questions
CTWO and BDRY have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CTWO is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CTWO is cheaper with a 0.79% expense ratio, compared with 3.76% for BDRY.
CTWO and BDRY have nearly identical dividend yields, around 0.00%.
They also come from different issuers: COtwo Advisors and ETFMG. Their fees differ too: 0.79% for CTWO and 3.76% for BDRY.
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