IBUY vs. BWET

Last updated Jun 4, 2026

IBUY (Amplify Online Retail ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - IBUY is a Consumer Discretionary Equities fund tracking the EQM Online Retail Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, IBUY returned 15.79%/yr vs 129.64%/yr for BWET. At a correlation of -0.04, they often move in opposite directions. IBUY charges 0.65%/yr vs 3.50%/yr for BWET.

Performance

IBUY vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Online Retail ETF (IBUY) 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, IBUY achieves a -10.92% return, which is significantly lower than BWET's 875.88% return.

IBUY

• 1D: -1.83%
• 1M: -1.00%
• YTD: -10.92%
• 6M: -10.14%
• 1Y: -2.54%
• 3Y*: 15.79%
• 5Y*: -11.36%
• 10Y*: 10.38%

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)

IBUY vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBUY Amplify Online Retail ETF	-10.92%	15.26%	20.14%	33.33%
BWET Breakwave Tanker Shipping ETF	875.88%	96.22%	-39.21%	15.94%

Correlation

The correlation between IBUY 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	-0.03
Correlation (All Time) Calculated using the full available price history since May 4, 2023	-0.04

The correlation between IBUY and BWET shifts across timeframes, from -0.14 (1 year) to -0.03 (3 years), reflecting how their relationship changes across market environments.

IBUY vs. BWET - Sectors Allocation Comparison

Sectors	IBUY	BWET
Consumer Cyclical	71.7%	-
Communication Services	5.8%	-
Technology	5.1%	-
Industrials	5.1%	-
Healthcare	4.7%	-
Financial Services	4.2%	8.6%
Consumer Defensive	2.5%	-
Real Estate	0.8%	-
Basic Materials	-	-
Energy	-	-
Utilities	-	-

Return for Risk

IBUY vs. BWET — Risk / Return Rank

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

IBUY

IBUY Risk / Return Rank: 7
IBUY Sharpe Ratio Rank: 7
IBUY Sortino Ratio Rank: 7
IBUY Omega Ratio Rank: 7
IBUY Calmar Ratio Rank: 8
IBUY Martin Ratio Rank: 8

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.

IBUY vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Online Retail ETF (IBUY) 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.

	IBUY	BWET	Difference
Sharpe ratio Return per unit of total volatility	-0.12	18.57	-18.69
Sortino ratio Return per unit of downside risk	-0.02	6.55	-6.57
Omega ratio Gain probability vs. loss probability	1.00	1.96	-0.96
Calmar ratio Return relative to maximum drawdown	-0.11	59.51	-59.62
Martin ratio Return relative to average drawdown	-0.24	158.07	-158.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBUY vs. BWET - Sharpe Ratio Comparison

The current IBUY Sharpe Ratio is -0.12, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of IBUY 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

	IBUY	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	18.57	-18.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	1.90	-1.55

Drawdowns

IBUY vs. BWET - Drawdown Comparison

The maximum IBUY drawdown since its inception was -73.00%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for IBUY and BWET.

Drawdown Indicators

	IBUY	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-73.00%	-56.90%	-16.10%
Max Drawdown (1Y) Largest decline over 1 year	-23.23%	-30.64%	+7.41%
Max Drawdown (3Y) Largest decline over 3 years	-28.87%	-56.90%	+28.03%
Max Drawdown (5Y) Largest decline over 5 years	-71.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-73.00%	—	—
Current Drawdown Current decline from peak	-52.29%	-11.29%	-41.00%
Average Drawdown Average peak-to-trough decline	-29.65%	-24.09%	-5.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.50%	11.51%	-1.01%

Volatility

IBUY vs. BWET - Volatility Comparison

The current volatility for Amplify Online Retail ETF (IBUY) is 5.60%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that IBUY 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

	IBUY	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	33.96%	-28.36%
Volatility (6M) Calculated over the trailing 6-month period	15.70%	88.49%	-72.79%
Volatility (1Y) Calculated over the trailing 1-year period	21.51%	98.35%	-76.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.07%	70.45%	-38.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.16%	70.45%	-41.29%

IBUY vs. BWET - Expense Ratio Comparison

IBUY has a 0.65% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

IBUY vs. BWET - Dividend Comparison

IBUY's dividend yield for the trailing twelve months is around 0.12%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBUY Amplify Online Retail ETF	0.12%	0.11%	0.00%	0.00%	0.00%	0.00%	0.54%	0.29%

Frequently Asked Questions

Can I hold both IBUY and BWET in my portfolio?

IBUY 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, IBUY or BWET?

BWET has higher volatility (33.96%) compared to IBUY (5.60%). In terms of maximum drawdown, IBUY dropped -73.00% vs BWET's -56.90%.

Which ETF is better, IBUY or BWET?

On 3-year performance, BWET leads with 129.64% vs 15.79% for IBUY. On fees, IBUY is cheaper at 0.65% per year. On volatility, IBUY has been the lower-risk option at 5.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBUY or BWET?

Over the 3-year period, BWET has performed better with a 129.64% return vs 15.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBUY or BWET?

IBUY is cheaper with a 0.65% expense ratio, compared with 3.50% for BWET.

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

IBUY has the higher dividend yield at 0.12%, compared with 0.00% for BWET.

What is the main difference between IBUY and BWET?

IBUY is categorized as Consumer Discretionary Equities, while BWET is Commodities. IBUY tracks EQM Online Retail Index, while BWET tracks Breakwave Wet Freight Futures Index. Their fees differ too: 0.65% for IBUY and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs -0.12), 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.