GAMR vs. BWET

Last updated Jun 4, 2026

GAMR (Amplify Video Game Leaders ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - GAMR is a Gaming fund tracking the VettaFi Video Game Leaders Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, GAMR returned 16.12%/yr vs 129.64%/yr for BWET. At a correlation of -0.04, they often move in opposite directions. GAMR charges 0.59%/yr vs 3.50%/yr for BWET.

Performance

GAMR vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Video Game Leaders ETF (GAMR) 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, GAMR achieves a 3.68% return, which is significantly lower than BWET's 875.88% return.

GAMR

• 1D: -0.83%
• 1M: 13.55%
• YTD: 3.68%
• 6M: 1.71%
• 1Y: 19.82%
• 3Y*: 16.12%
• 5Y*: -0.52%
• 10Y*: 12.82%

BWET

• 1D: 4.26%
• 1M: 9.15%
• YTD: 875.88%
• 6M: 735.56%
• 1Y: 1,800.91%
• 3Y*: 129.64%
• 5Y*: —
• 10Y*: —

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

GAMR vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GAMR Amplify Video Game Leaders ETF	3.68%	39.20%	11.23%	0.45%
BWET Breakwave Tanker Shipping ETF	875.88%	96.22%	-39.21%	15.94%

Correlation

The correlation between GAMR and BWET is -0.11, 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	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (All Time) Calculated using the full available price history since May 4, 2023	-0.04

GAMR vs. BWET - Sectors Allocation Comparison

Sectors	GAMR	BWET
Technology	66.0%	-
Communication Services	25.0%	-
Consumer Cyclical	8.7%	-
Financial Services	0.1%	8.6%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

GAMR vs. BWET — Risk / Return Rank

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

GAMR

GAMR Risk / Return Rank: 21
GAMR Sharpe Ratio Rank: 25
GAMR Sortino Ratio Rank: 24
GAMR Omega Ratio Rank: 25
GAMR Calmar Ratio Rank: 17
GAMR Martin Ratio Rank: 16

BWET

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

GAMR vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Video Game Leaders ETF (GAMR) 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.

	GAMR	BWET	Difference
Sharpe ratio: Return per unit of total volatility	0.89	18.57	-17.68
Sortino ratio: Return per unit of downside risk	1.30	6.55	-5.26
Omega ratio: Gain probability vs. loss probability	1.17	1.96	-0.79
Calmar ratio: Return relative to maximum drawdown	0.68	59.51	-58.83
Martin ratio: Return relative to average drawdown	1.55	158.07	-156.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAMR vs. BWET - Sharpe Ratio Comparison

The current GAMR Sharpe Ratio is 0.89, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of GAMR 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

	GAMR	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	18.57	-17.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	1.90	-1.32

Drawdowns

GAMR vs. BWET - Drawdown Comparison

The maximum GAMR drawdown since its inception was -55.37%, roughly equal to the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for GAMR and BWET.

Drawdown Indicators

	GAMR	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-55.37%	-56.90%	+1.53%
Max Drawdown (1Y) Largest decline over 1 year	-29.36%	-30.64%	+1.28%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-56.90%	+27.54%
Max Drawdown (5Y) Largest decline over 5 years	-50.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.37%	—	—
Current Drawdown Current decline from peak	-13.61%	-11.29%	-2.32%
Average Drawdown Average peak-to-trough decline	-22.13%	-24.09%	+1.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.82%	11.51%	+1.31%

Volatility

GAMR vs. BWET - Volatility Comparison

The current volatility for Amplify Video Game Leaders ETF (GAMR) is 5.88%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that GAMR 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

	GAMR	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	33.96%	-28.08%
Volatility (6M) Calculated over the trailing 6-month period	17.37%	88.49%	-71.12%
Volatility (1Y) Calculated over the trailing 1-year period	22.32%	98.35%	-76.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.35%	70.45%	-46.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.27%	70.45%	-46.18%

GAMR vs. BWET - Expense Ratio Comparison

GAMR has a 0.59% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

GAMR vs. BWET - Dividend Comparison

GAMR's dividend yield for the trailing twelve months is around 0.50%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%
GAMR Amplify Video Game Leaders ETF	0.50%	0.52%	0.63%

Frequently Asked Questions

Can I hold both GAMR and BWET in my portfolio?

GAMR and BWET have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAMR or BWET?

BWET has higher volatility (33.96%) compared to GAMR (5.88%). In terms of maximum drawdown, GAMR dropped -55.37% vs BWET's -56.90%.

Which ETF is better, GAMR or BWET?

On 3-year performance, BWET leads with 129.64% vs 16.12% for GAMR. On fees, GAMR is cheaper at 0.59% per year. On volatility, GAMR has been the lower-risk option at 5.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GAMR or BWET?

Over the 3-year period, BWET has performed better with a 129.64% return vs 16.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GAMR or BWET?

GAMR is cheaper with a 0.59% expense ratio, compared with 3.50% for BWET.

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

GAMR has the higher dividend yield at 0.50%, compared with 0.00% for BWET.

What is the main difference between GAMR and BWET?

GAMR is categorized as Gaming, while BWET is Commodities. GAMR tracks VettaFi Video Game Leaders Index, while BWET tracks Breakwave Wet Freight Futures Index. Their fees differ too: 0.59% for GAMR and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs 0.89), 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.