GAMR vs. BWET

Last updated Aug 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 17.09%/yr vs 135.18%/yr for BWET. Their -0.03 correlation means they have often moved in opposite directions in the past. 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 5.19% return, which is significantly lower than BWET's 1,246.34% return.

GAMR

• 1D: 2.11%
• 1M: 4.61%
• 6M: 9.99%
• YTD: 5.19%
• 1Y: 8.65%
• 3Y*: 17.09%
• 5Y*: 1.75%
• 10Y*: 12.37%
• ALL TIME*: 13.64%

BWET

• 1D: -3.40%
• 1M: 52.08%
• 6M: 619.27%
• YTD: 1,246.34%
• 1Y: 2,150.47%
• 3Y*: 135.18%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 144.54%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BWET Breakwave Tanker Shipping ETF	$45.42M	$38.94M	$29.75M
GAMR Amplify Video Game Leaders ETF	$71.68K	$73.79K	$110.84K

GAMR vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GAMR Amplify Video Game Leaders ETF	5.19%	39.20%	11.23%	0.07%
BWET Breakwave Tanker Shipping ETF	1,246.34%	96.22%	-39.21%	14.13%

Correlation

The correlation between GAMR and BWET is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.07
Correlation (3Y) Balances recent behavior with more history.	-0.04
Correlation (All Time) Calculated using the full available price history since May 3, 2023	-0.03

Return for Risk

GAMR vs. BWET — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GAMR

GAMR Risk / Return Rank: 18
GAMR Sharpe Ratio Rank: 19
GAMR Sortino Ratio Rank: 19
GAMR Omega Ratio Rank: 19
GAMR Calmar Ratio Rank: 16
GAMR Martin Ratio Rank: 15

BWET

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	GAMR	BWET	Difference
Sharpe ratio: Return per unit of total volatility	0.36	20.19	-19.82
Sortino ratio: Return per unit of downside risk	0.65	6.36	-5.71
Omega ratio: Gain probability vs. loss probability	1.08	1.91	-0.83
Calmar ratio: Return relative to maximum drawdown	0.30	52.86	-52.56
Martin ratio: Return relative to average drawdown	0.64	198.46	-197.82

GAMR vs. BWET - Sharpe Ratio Comparison

The current GAMR Sharpe Ratio is 0.36, which is lower than the BWET Sharpe Ratio of 20.19. 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.

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%	-41.22%	+11.86%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-56.81%	+27.45%
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	-12.35%	-3.40%	-8.95%
Average Drawdown Average peak-to-trough decline	-22.03%	-23.38%	+1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.55%	10.96%	+2.59%

Volatility

GAMR vs. BWET - Volatility Comparison

The current volatility for Amplify Video Game Leaders ETF (GAMR) is 6.56%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 31.04%. 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	6.56%	31.04%	-24.48%
Volatility (6M) Calculated over the trailing 6-month period	18.90%	95.74%	-76.84%
Volatility (1Y) Calculated over the trailing 1-year period	23.88%	108.15%	-84.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.67%	74.45%	-49.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.39%	74.45%	-50.06%

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 0.49%, 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	0.49%	0.52%	0.63%

Frequently Asked Questions

Can I hold both GAMR and BWET in my portfolio?

GAMR and BWET have a correlation of -0.07, 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 (31.04%) compared to GAMR (6.56%). 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 135.18% vs 17.09% for GAMR. On fees, GAMR is cheaper at 0.59% per year. On volatility, GAMR has been the lower-risk option at 6.56%. 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 135.18% return vs 17.09%. 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 0.49%, 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 (20.19 vs 0.36), 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.