EDGF vs. BWET

Last updated Jun 24, 2026

EDGF (3EDGE Dynamic Fixed Income ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - EDGF is a Intermediate Core Bond fund actively managed by 3EDGE Asset Management, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. EDGF is actively managed, while BWET is passively managed. Over the past year, EDGF returned 2.88% vs 1424.52% for BWET. At a correlation of -0.05, they often move in opposite directions. EDGF charges 0.79%/yr vs 3.50%/yr for BWET.

Performance

EDGF vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3EDGE Dynamic Fixed Income ETF (EDGF) 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, EDGF achieves a 0.90% return, which is significantly lower than BWET's 968.33% return.

EDGF

• 1D: 0.12%
• 1M: 0.20%
• YTD: 0.90%
• 6M: 1.04%
• 1Y: 2.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: -5.48%
• 1M: 18.43%
• YTD: 968.33%
• 6M: 944.72%
• 1Y: 1,424.52%
• 3Y*: 123.86%
• 5Y*: —
• 10Y*: —

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

EDGF vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EDGF 3EDGE Dynamic Fixed Income ETF	0.90%	4.36%	-1.41%
BWET Breakwave Tanker Shipping ETF	968.33%	96.22%	-37.48%

Correlation

The correlation between EDGF 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 (All Time) Calculated using the full available price history since Oct 3, 2024	-0.05

Return for Risk

EDGF vs. BWET — Risk / Return Rank

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

EDGF

EDGF Risk / Return Rank: 62
EDGF Sharpe Ratio Rank: 48
EDGF Sortino Ratio Rank: 54
EDGF Omega Ratio Rank: 53
EDGF Calmar Ratio Rank: 87
EDGF Martin Ratio Rank: 69

BWET

BWET Risk / Return Rank: 98
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 97
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 99
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.

EDGF vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic Fixed Income ETF (EDGF) 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.

	EDGF	BWET	Difference
Sharpe ratio: Return per unit of total volatility	1.53	14.65	-13.12
Sortino ratio: Return per unit of downside risk	2.39	6.07	-3.69
Omega ratio: Gain probability vs. loss probability	1.31	1.87	-0.56
Calmar ratio: Return relative to maximum drawdown	4.50	47.03	-42.53
Martin ratio: Return relative to average drawdown	11.59	147.28	-135.69

EDGF vs. BWET - Sharpe Ratio Comparison

The current EDGF Sharpe Ratio is 1.53, which is lower than the BWET Sharpe Ratio of 14.65. The chart below compares the historical Sharpe Ratios of EDGF 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.

Drawdowns

EDGF vs. BWET - Drawdown Comparison

The maximum EDGF drawdown since its inception was -1.62%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for EDGF and BWET.

Drawdown Indicators

	EDGF	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-1.62%	-56.90%	+55.28%
Max Drawdown (1Y) Largest decline over 1 year	-0.64%	-30.64%	+30.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.81%	—
Current Drawdown Current decline from peak	-0.16%	-5.48%	+5.32%
Average Drawdown Average peak-to-trough decline	-0.45%	-23.76%	+23.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	11.60%	-11.35%

Volatility

EDGF vs. BWET - Volatility Comparison

The current volatility for 3EDGE Dynamic Fixed Income ETF (EDGF) is 0.40%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 26.27%. This indicates that EDGF 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

	EDGF	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.40%	26.27%	-25.87%
Volatility (6M) Calculated over the trailing 6-month period	1.21%	89.01%	-87.80%
Volatility (1Y) Calculated over the trailing 1-year period	1.89%	98.57%	-96.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.33%	70.47%	-68.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.33%	70.47%	-68.14%

EDGF vs. BWET - Expense Ratio Comparison

EDGF has a 0.79% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

EDGF vs. BWET - Dividend Comparison

EDGF's dividend yield for the trailing twelve months is around 3.45%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%
EDGF 3EDGE Dynamic Fixed Income ETF	3.45%	3.61%	0.49%

Frequently Asked Questions

Can I hold both EDGF and BWET in my portfolio?

EDGF 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.

Which is riskier, EDGF or BWET?

BWET has higher volatility (26.27%) compared to EDGF (0.40%). In terms of maximum drawdown, EDGF dropped -1.62% vs BWET's -56.90%.

Which ETF is better, EDGF or BWET?

On 1-year performance, BWET leads with 1424.52% vs 2.88% for EDGF. On fees, EDGF is cheaper at 0.79% per year. On volatility, EDGF has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGF or BWET?

Over the 1-year period, BWET has performed better with a 1424.52% return vs 2.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGF or BWET?

EDGF is cheaper with a 0.79% expense ratio, compared with 3.50% for BWET.

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

EDGF has the higher dividend yield at 3.45%, compared with 0.00% for BWET.

What is the main difference between EDGF and BWET?

EDGF is categorized as Intermediate Core Bond, while BWET is Commodities. They also come from different issuers: 3EDGE Asset Management and Amplify. Their fees differ too: 0.79% for EDGF and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (14.65 vs 1.53), 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.