GHTA vs. BWET

Last updated Jun 5, 2026

GHTA (Goose Hollow Tactical Allocation ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - GHTA is a Diversified Portfolio fund actively managed by Goose Hollow, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. GHTA is actively managed, while BWET is passively managed. Over the past 3 years, GHTA returned 9.35%/yr vs 145.24%/yr for BWET. At a correlation of -0.00, they often move in opposite directions. GHTA charges 1.21%/yr vs 3.50%/yr for BWET.

Performance

GHTA vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goose Hollow Tactical Allocation ETF (GHTA) 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, GHTA achieves a 2.24% return, which is significantly lower than BWET's 990.13% return.

GHTA

• 1D: 0.27%
• 1M: 0.13%
• YTD: 2.24%
• 6M: 1.10%
• 1Y: 6.74%
• 3Y*: 9.35%
• 5Y*: —
• 10Y*: —

BWET

• 1D: 11.71%
• 1M: -0.90%
• YTD: 990.13%
• 6M: 857.64%
• 1Y: 2,014.90%
• 3Y*: 145.24%
• 5Y*: —
• 10Y*: —

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

GHTA vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GHTA Goose Hollow Tactical Allocation ETF	2.24%	10.06%	4.78%	10.95%
BWET Breakwave Tanker Shipping ETF	990.13%	96.22%	-39.21%	15.94%

Correlation

The correlation between GHTA and BWET is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (All Time) Calculated using the full available price history since May 4, 2023	-0.00

The correlation between GHTA and BWET shifts across timeframes, from -0.14 (1 year) to 0.00 (3 years), reflecting how their relationship changes across market environments.

GHTA vs. BWET - Sectors Allocation Comparison

Sectors	GHTA	BWET
Technology	25.8%	-
Industrials	21.2%	-
Financial Services	9.9%	8.6%
Real Estate	9.0%	-
Consumer Cyclical	7.9%	-
Utilities	6.7%	-
Basic Materials	5.1%	-
Energy	4.5%	-
Healthcare	4.4%	-
Communication Services	4.3%	-
Consumer Defensive	1.3%	-

Return for Risk

GHTA vs. BWET — Risk / Return Rank

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

GHTA

GHTA Risk / Return Rank: 24
GHTA Sharpe Ratio Rank: 24
GHTA Sortino Ratio Rank: 24
GHTA Omega Ratio Rank: 24
GHTA Calmar Ratio Rank: 24
GHTA Martin Ratio Rank: 22

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: 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.

GHTA vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goose Hollow Tactical Allocation ETF (GHTA) 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.

	GHTA	BWET	Difference
Sharpe ratio: Return per unit of total volatility	0.83	20.67	-19.84
Sortino ratio: Return per unit of downside risk	1.26	6.77	-5.51
Omega ratio: Gain probability vs. loss probability	1.15	1.99	-0.84
Calmar ratio: Return relative to maximum drawdown	1.09	66.60	-65.51
Martin ratio: Return relative to average drawdown	2.71	176.91	-174.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GHTA vs. BWET - Sharpe Ratio Comparison

The current GHTA Sharpe Ratio is 0.83, which is lower than the BWET Sharpe Ratio of 20.67. The chart below compares the historical Sharpe Ratios of GHTA 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

	GHTA	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	20.67	-19.84
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	2.01	-1.42

Drawdowns

GHTA vs. BWET - Drawdown Comparison

The maximum GHTA drawdown since its inception was -13.92%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for GHTA and BWET.

Drawdown Indicators

	GHTA	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-13.92%	-56.90%	+42.98%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-30.64%	+24.46%
Max Drawdown (3Y) Largest decline over 3 years	-13.91%	-56.90%	+42.99%
Current Drawdown Current decline from peak	-2.63%	-0.90%	-1.73%
Average Drawdown Average peak-to-trough decline	-3.51%	-24.06%	+20.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	11.51%	-9.02%

Volatility

GHTA vs. BWET - Volatility Comparison

The current volatility for Goose Hollow Tactical Allocation ETF (GHTA) is 1.90%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 28.88%. This indicates that GHTA 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

	GHTA	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.90%	28.88%	-26.98%
Volatility (6M) Calculated over the trailing 6-month period	5.69%	88.79%	-83.10%
Volatility (1Y) Calculated over the trailing 1-year period	8.11%	98.73%	-90.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.94%	70.70%	-58.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.94%	70.70%	-58.76%

GHTA vs. BWET - Expense Ratio Comparison

GHTA has a 1.21% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

GHTA vs. BWET - Dividend Comparison

GHTA's dividend yield for the trailing twelve months is around 3.75%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GHTA Goose Hollow Tactical Allocation ETF	3.75%	3.84%	2.46%	2.32%	0.38%	0.41%

Frequently Asked Questions

Can I hold both GHTA and BWET in my portfolio?

GHTA and BWET have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GHTA or BWET?

BWET has higher volatility (28.88%) compared to GHTA (1.90%). In terms of maximum drawdown, GHTA dropped -13.92% vs BWET's -56.90%.

Which ETF is better, GHTA or BWET?

On 3-year performance, BWET leads with 145.24% vs 9.35% for GHTA. On fees, GHTA is cheaper at 1.21% per year. On volatility, GHTA has been the lower-risk option at 1.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GHTA or BWET?

Over the 3-year period, BWET has performed better with a 145.24% return vs 9.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GHTA or BWET?

GHTA is cheaper with a 1.21% expense ratio, compared with 3.50% for BWET.

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

GHTA has the higher dividend yield at 3.75%, compared with 0.00% for BWET.

What is the main difference between GHTA and BWET?

GHTA is categorized as Diversified Portfolio, while BWET is Commodities. They also come from different issuers: Goose Hollow and Amplify. Their fees differ too: 1.21% for GHTA and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (20.67 vs 0.83), 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.