EBIZ vs. BWET
EBIZ (Global X E-commerce ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - EBIZ is a Consumer Discretionary Equities fund tracking the Solactive E-commerce Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, EBIZ returned 15.11%/yr vs 128.11%/yr for BWET. At a correlation of -0.02, they often move in opposite directions. EBIZ charges 0.50%/yr vs 3.50%/yr for BWET.
Performance
EBIZ vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, EBIZ achieves a -16.82% return, which is significantly lower than BWET's 1,030.31% return.
EBIZ
- 1D
- -1.71%
- 1M
- -2.21%
- YTD
- -16.82%
- 6M
- -17.98%
- 1Y
- -8.65%
- 3Y*
- 15.11%
- 5Y*
- -4.08%
- 10Y*
- —
BWET
- 1D
- 2.73%
- 1M
- 25.30%
- YTD
- 1,030.31%
- 6M
- 892.97%
- 1Y
- 1,640.62%
- 3Y*
- 128.11%
- 5Y*
- —
- 10Y*
- —
EBIZ vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EBIZ Global X E-commerce ETF | -16.82% | 17.74% | 31.26% | 25.76% |
BWET Breakwave Tanker Shipping ETF | 1,030.31% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between EBIZ and BWET is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | -0.02 |
The correlation between EBIZ and BWET shifts across timeframes, from -0.15 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EBIZ vs. BWET — Risk / Return Rank
EBIZ
BWET
EBIZ vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X E-commerce ETF (EBIZ) 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.
| EBIZ | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.32 | ||
| Sortino ratioReturn per unit of downside risk | -6.84 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.92 | -0.98 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 54.19 | -54.51 |
| Martin ratioReturn relative to average drawdown | -0.60 | 142.88 | -143.48 |
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Drawdowns
EBIZ vs. BWET - Drawdown Comparison
The maximum EBIZ drawdown since its inception was -61.58%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for EBIZ and BWET.
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Drawdown Indicators
| EBIZ | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.58% | -56.90% | -4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -27.73% | -30.64% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -27.73% | -56.81% | +29.08% |
Max Drawdown (5Y)Largest decline over 5 years | -58.21% | — | — |
Current DrawdownCurrent decline from peak | -27.11% | 0.00% | -27.11% |
Average DrawdownAverage peak-to-trough decline | -24.33% | -23.78% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.35% | 11.60% | +2.75% |
Volatility
EBIZ vs. BWET - Volatility Comparison
The current volatility for Global X E-commerce ETF (EBIZ) is 5.24%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 25.51%. This indicates that EBIZ 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
| EBIZ | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 25.51% | -20.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.50% | 88.96% | -73.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.97% | 98.53% | -78.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.95% | 70.43% | -41.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.63% | 70.43% | -41.80% |
EBIZ vs. BWET - Expense Ratio Comparison
EBIZ has a 0.50% expense ratio, which is lower than BWET's 3.50% expense ratio.
Dividends
EBIZ vs. BWET - Dividend Comparison
EBIZ's dividend yield for the trailing twelve months is around 0.61%, while BWET has not 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% |
EBIZ Global X E-commerce ETF | 0.61% | 0.51% | 0.23% | 0.00% | 0.10% | 0.57% | 0.84% | 0.18% |
Frequently Asked Questions
EBIZ and BWET have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (25.51%) compared to EBIZ (5.24%). In terms of maximum drawdown, EBIZ dropped -61.58% vs BWET's -56.90%.
On 3-year performance, BWET leads with 128.11% vs 15.11% for EBIZ. On fees, EBIZ is cheaper at 0.50% per year. On volatility, EBIZ has been the lower-risk option at 5.24%. 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 128.11% return vs 15.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EBIZ is cheaper with a 0.50% expense ratio, compared with 3.50% for BWET.
EBIZ has the higher dividend yield at 0.61%, compared with 0.00% for BWET.
EBIZ is categorized as Consumer Discretionary Equities, while BWET is Commodities. EBIZ tracks Solactive E-commerce Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: Global X and Amplify. Their fees differ too: 0.50% for EBIZ and 3.50% for BWET.
BWET currently has the higher Sharpe Ratio (16.89 vs -0.44), 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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