HCA vs. BWET
HCA (HCA Healthcare, Inc.) is a stock, while BWET (Breakwave Tanker Shipping ETF) is Commodities fund tracking the Breakwave Wet Freight Futures Index. Over the past 3 years, HCA returned 7.86%/yr vs 135.59%/yr for BWET. At a correlation of -0.04, they often move in opposite directions.
Performance
HCA vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, HCA achieves a -21.85% return, which is significantly lower than BWET's 1,235.87% return.
HCA
- 1D
- -6.95%
- 1M
- -5.90%
- 6M
- -23.88%
- YTD
- -21.85%
- 1Y
- -3.78%
- 3Y*
- 7.86%
- 5Y*
- 11.47%
- 10Y*
- 17.45%
BWET
- 1D
- 21.99%
- 1M
- 28.74%
- 6M
- 776.83%
- YTD
- 1,235.87%
- 1Y
- 2,163.41%
- 3Y*
- 135.59%
- 5Y*
- —
- 10Y*
- —
HCA vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HCA HCA Healthcare, Inc. | -21.85% | 56.71% | 11.75% | -2.87% |
BWET Breakwave Tanker Shipping ETF | 1,235.87% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between HCA and BWET is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | -0.04 |
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Return for Risk
HCA vs. BWET — Risk / Return Rank
HCA
BWET
HCA vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HCA Healthcare, Inc. (HCA) 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.
| HCA | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.65 | ||
| Sortino ratioReturn per unit of downside risk | -6.44 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.94 | -0.94 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 53.18 | -53.29 |
| Martin ratioReturn relative to average drawdown | -0.28 | 200.68 | -200.97 |
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Drawdowns
HCA vs. BWET - Drawdown Comparison
The maximum HCA drawdown since its inception was -54.74%, roughly equal to the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for HCA and BWET.
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Drawdown Indicators
| HCA | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.74% | -56.90% | +2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -41.22% | +7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -56.81% | +23.19% |
Max Drawdown (5Y)Largest decline over 5 years | -39.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.74% | — | — |
Current DrawdownCurrent decline from peak | -33.07% | 0.00% | -33.07% |
Average DrawdownAverage peak-to-trough decline | -11.13% | -23.68% | +12.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.49% | 10.90% | +2.59% |
Volatility
HCA vs. BWET - Volatility Comparison
The current volatility for HCA Healthcare, Inc. (HCA) is 11.92%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 47.07%. This indicates that HCA 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.
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Volatility by Period
| HCA | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.92% | 47.07% | -35.15% |
Volatility (6M)Calculated over the trailing 6-month period | 23.59% | 96.84% | -73.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 106.83% | -77.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.19% | 74.47% | -44.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.78% | 74.47% | -41.69% |
Dividends
HCA vs. BWET - Dividend Comparison
HCA's dividend yield for the trailing twelve months is around 0.83%, while BWET has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HCA HCA Healthcare, Inc. | 0.83% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% |
Frequently Asked Questions
HCA and BWET have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (47.07%) compared to HCA (11.92%). In terms of maximum drawdown, HCA dropped -54.74% vs BWET's -56.90%.
BWET currently has the higher Sharpe Ratio (20.52 vs -0.13), 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.
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