GMEU vs. BDRY

Last updated Jun 6, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - GMEU is a Leveraged Equities fund actively managed by T-Rex, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. GMEU is actively managed, while BDRY is passively managed. Over the past year, GMEU returned -69.08% vs 131.33% for BDRY. At a correlation of -0.10, they often move in opposite directions. GMEU charges 1.50%/yr vs 3.76%/yr for BDRY.

Performance

GMEU vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long GME Daily Target ETF (GMEU) and Breakwave Dry Bulk Shipping ETF (BDRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMEU achieves a -4.94% return, which is significantly lower than BDRY's 44.81% return.

GMEU

• 1D: -4.61%
• 1M: -28.19%
• YTD: -4.94%
• 6M: -29.47%
• 1Y: -69.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDRY

• 1D: 0.32%
• 1M: 4.87%
• YTD: 44.81%
• 6M: 41.11%
• 1Y: 131.33%
• 3Y*: 24.70%
• 5Y*: -11.58%
• 10Y*: —

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

GMEU vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-4.94%	-65.56%
BDRY Breakwave Dry Bulk Shipping ETF	44.81%	57.45%

Correlation

The correlation between GMEU and BDRY is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	-0.10

Return for Risk

GMEU vs. BDRY — Risk / Return Rank

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

GMEU

GMEU Risk / Return Rank: 2
GMEU Sharpe Ratio Rank: 3
GMEU Sortino Ratio Rank: 3
GMEU Omega Ratio Rank: 2
GMEU Calmar Ratio Rank: 0
GMEU Martin Ratio Rank: 3

BDRY

BDRY Risk / Return Rank: 85
BDRY Sharpe Ratio Rank: 92
BDRY Sortino Ratio Rank: 79
BDRY Omega Ratio Rank: 75
BDRY Calmar Ratio Rank: 92
BDRY Martin Ratio Rank: 86

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.

GMEU vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) and Breakwave Dry Bulk Shipping ETF (BDRY). 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.

	GMEU	BDRY	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	3.14	-3.95
Sortino ratio: Return per unit of downside risk	-1.13	3.40	-4.53
Omega ratio: Gain probability vs. loss probability	0.85	1.43	-0.58
Calmar ratio: Return relative to maximum drawdown	-0.95	6.12	-7.07
Martin ratio: Return relative to average drawdown	-1.20	17.79	-18.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMEU vs. BDRY - Sharpe Ratio Comparison

The current GMEU Sharpe Ratio is -0.81, which is lower than the BDRY Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of GMEU and BDRY, 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

	GMEU	BDRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	3.14	-3.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.71	-0.13	-0.58

Drawdowns

GMEU vs. BDRY - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.43%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for GMEU and BDRY.

Drawdown Indicators

	GMEU	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-80.43%	-89.16%	+8.73%
Max Drawdown (1Y) Largest decline over 1 year	-72.75%	-21.60%	-51.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-69.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-89.16%	—
Current Drawdown Current decline from peak	-78.93%	-69.40%	-9.53%
Average Drawdown Average peak-to-trough decline	-63.30%	-58.39%	-4.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.36%	7.41%	+49.95%

Volatility

GMEU vs. BDRY - Volatility Comparison

T-Rex 2X Long GME Daily Target ETF (GMEU) has a higher volatility of 23.03% compared to Breakwave Dry Bulk Shipping ETF (BDRY) at 10.81%. This indicates that GMEU's price experiences larger fluctuations and is considered to be riskier than BDRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMEU	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.03%	10.81%	+12.22%
Volatility (6M) Calculated over the trailing 6-month period	57.67%	29.99%	+27.68%
Volatility (1Y) Calculated over the trailing 1-year period	85.25%	42.09%	+43.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.72%	60.66%	+29.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.72%	62.55%	+27.17%

GMEU vs. BDRY - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

GMEU vs. BDRY - Dividend Comparison

Neither GMEU nor BDRY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GMEU and BDRY in my portfolio?

GMEU and BDRY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMEU or BDRY?

GMEU has higher volatility (23.03%) compared to BDRY (10.81%). In terms of maximum drawdown, GMEU dropped -80.43% vs BDRY's -89.16%.

Which ETF is better, GMEU or BDRY?

On 1-year performance, BDRY leads with 131.33% vs -69.08% for GMEU. On fees, GMEU is cheaper at 1.50% per year. On volatility, BDRY has been the lower-risk option at 10.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMEU or BDRY?

Over the 1-year period, BDRY has performed better with a 131.33% return vs -69.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMEU or BDRY?

GMEU is cheaper with a 1.50% expense ratio, compared with 3.76% for BDRY.

Which ETF pays a higher dividend yield, GMEU or BDRY?

GMEU and BDRY have nearly identical dividend yields, around 0.00%.

What is the main difference between GMEU and BDRY?

GMEU is categorized as Leveraged Equities, while BDRY is Commodities. They also come from different issuers: T-Rex and ETFMG. Their fees differ too: 1.50% for GMEU and 3.76% for BDRY.

Which has better risk-adjusted returns?

BDRY currently has the higher Sharpe Ratio (3.14 vs -0.81), 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.