FINX vs. BWET

Last updated Jun 24, 2026

FINX (Global X FinTech ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - FINX is a Technology Equities fund tracking the Indxx Global FinTech Thematic Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, FINX returned 5.24%/yr vs 123.86%/yr for BWET. At a correlation of -0.04, they often move in opposite directions. FINX charges 0.68%/yr vs 3.50%/yr for BWET.

Performance

FINX vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X FinTech ETF (FINX) 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, FINX achieves a -17.47% return, which is significantly lower than BWET's 968.33% return.

FINX

• 1D: -0.74%
• 1M: -2.12%
• YTD: -17.47%
• 6M: -19.57%
• 1Y: -25.00%
• 3Y*: 5.24%
• 5Y*: -11.80%
• 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)

FINX vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FINX Global X FinTech ETF	-17.47%	-5.20%	23.02%	28.14%
BWET Breakwave Tanker Shipping ETF	968.33%	96.22%	-39.21%	14.13%

Correlation

The correlation between FINX and BWET is -0.12, 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	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (All Time) Calculated using the full available price history since May 3, 2023	-0.04

Return for Risk

FINX vs. BWET — Risk / Return Rank

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

FINX

FINX Risk / Return Rank: 3
FINX Sharpe Ratio Rank: 2
FINX Sortino Ratio Rank: 3
FINX Omega Ratio Rank: 3
FINX Calmar Ratio Rank: 3
FINX Martin Ratio Rank: 3

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.

FINX vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X FinTech ETF (FINX) 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.

	FINX	BWET	Difference
Sharpe ratio: Return per unit of total volatility	-0.84	14.65	-15.50
Sortino ratio: Return per unit of downside risk	-1.06	6.07	-7.13
Omega ratio: Gain probability vs. loss probability	0.87	1.87	-1.00
Calmar ratio: Return relative to maximum drawdown	-0.69	47.03	-47.72
Martin ratio: Return relative to average drawdown	-1.24	147.28	-148.52

FINX vs. BWET - Sharpe Ratio Comparison

The current FINX Sharpe Ratio is -0.84, which is lower than the BWET Sharpe Ratio of 14.65. The chart below compares the historical Sharpe Ratios of FINX 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

FINX vs. BWET - Drawdown Comparison

The maximum FINX drawdown since its inception was -63.53%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for FINX and BWET.

Drawdown Indicators

	FINX	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-63.53%	-56.90%	-6.63%
Max Drawdown (1Y) Largest decline over 1 year	-36.58%	-30.64%	-5.94%
Max Drawdown (3Y) Largest decline over 3 years	-36.58%	-56.81%	+20.23%
Max Drawdown (5Y) Largest decline over 5 years	-63.53%	—	—
Current Drawdown Current decline from peak	-50.64%	-5.48%	-45.16%
Average Drawdown Average peak-to-trough decline	-24.58%	-23.76%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.22%	11.60%	+8.62%

Volatility

FINX vs. BWET - Volatility Comparison

The current volatility for Global X FinTech ETF (FINX) is 10.46%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 26.27%. This indicates that FINX 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

	FINX	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.46%	26.27%	-15.81%
Volatility (6M) Calculated over the trailing 6-month period	23.62%	89.01%	-65.39%
Volatility (1Y) Calculated over the trailing 1-year period	29.84%	98.57%	-68.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.56%	70.47%	-38.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.75%	70.47%	-41.72%

FINX vs. BWET - Expense Ratio Comparison

FINX has a 0.68% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

FINX vs. BWET - Dividend Comparison

FINX's dividend yield for the trailing twelve months is around 0.70%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
FINX Global X FinTech ETF	0.70%	0.58%	0.72%	0.21%	0.27%	5.40%	0.00%	0.00%	0.18%	0.11%

Frequently Asked Questions

Can I hold both FINX and BWET in my portfolio?

FINX and BWET have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FINX or BWET?

BWET has higher volatility (26.27%) compared to FINX (10.46%). In terms of maximum drawdown, FINX dropped -63.53% vs BWET's -56.90%.

Which ETF is better, FINX or BWET?

On 3-year performance, BWET leads with 123.86% vs 5.24% for FINX. On fees, FINX is cheaper at 0.68% per year. On volatility, FINX has been the lower-risk option at 10.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FINX or BWET?

Over the 3-year period, BWET has performed better with a 123.86% return vs 5.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FINX or BWET?

FINX is cheaper with a 0.68% expense ratio, compared with 3.50% for BWET.

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

FINX has the higher dividend yield at 0.70%, compared with 0.00% for BWET.

What is the main difference between FINX and BWET?

FINX is categorized as Technology Equities, while BWET is Commodities. FINX tracks Indxx Global FinTech Thematic Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: Global X and Amplify. Their fees differ too: 0.68% for FINX and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (14.65 vs -0.84), 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.