IGV vs. BWET
IGV (iShares Expanded Tech-Software Sector ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, IGV returned 13.47%/yr vs 134.49%/yr for BWET. Their -0.08 correlation means they have often moved in opposite directions in the past. IGV charges 0.39%/yr vs 3.50%/yr for BWET.
Performance
IGV vs. BWET - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGV achieves a -4.13% return, which is significantly lower than BWET's 1,234.62% return.
IGV
- 1D
- -0.68%
- 1M
- 6.88%
- 6M
- 20.86%
- YTD
- -4.13%
- 1Y
- -8.34%
- 3Y*
- 13.47%
- 5Y*
- 4.35%
- 10Y*
- 16.50%
- ALL TIME*
- 9.66%
BWET
- 1D
- 1.62%
- 1M
- 51.21%
- 6M
- 638.82%
- YTD
- 1,234.62%
- 1Y
- 2,096.58%
- 3Y*
- 134.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 143.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $42.90M | $39.67M | $30.55M | |
| $1.47B | $1.24B | $1.65B |
IGV vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -4.13% | 5.56% | 23.41% | 39.07% |
BWET Breakwave Tanker Shipping ETF | 1,234.62% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between IGV and BWET is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.18 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | -0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGV vs. BWET — Risk / Return Rank
IGV
BWET
IGV vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) 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.
| IGV | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.95 | ||
| Sortino ratioReturn per unit of downside risk | -6.52 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.90 | -0.93 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 51.53 | -51.76 |
| Martin ratioReturn relative to average drawdown | -0.43 | 193.31 | -193.74 |
Loading charts...
Drawdowns
IGV vs. BWET - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for IGV and BWET.
Loading charts...
Drawdown Indicators
| IGV | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -56.90% | -6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -41.22% | +4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -56.81% | +20.20% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | — | — |
Current DrawdownCurrent decline from peak | -13.98% | -4.24% | -9.74% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -23.34% | +8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.42% | 10.96% | +8.46% |
Volatility
IGV vs. BWET - Volatility Comparison
The current volatility for iShares Expanded Tech-Software Sector ETF (IGV) is 8.55%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 31.18%. This indicates that IGV 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.
Loading charts...
Volatility by Period
| IGV | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.55% | 31.18% | -22.63% |
Volatility (6M)Calculated over the trailing 6-month period | 25.02% | 95.66% | -70.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.49% | 108.00% | -78.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.28% | 74.38% | -46.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.51% | 74.38% | -47.87% |
IGV vs. BWET - Expense Ratio Comparison
IGV has a 0.39% expense ratio, which is lower than BWET's 3.50% expense ratio.
Dividends
IGV vs. BWET - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, while BWET has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
Frequently Asked Questions
IGV and BWET have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (31.18%) compared to IGV (8.55%). In terms of maximum drawdown, IGV dropped -63.45% vs BWET's -56.90%.
On 3-year performance, BWET leads with 134.49% vs 13.47% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, IGV has been the lower-risk option at 8.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BWET has performed better with a 134.49% return vs 13.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGV is cheaper with a 0.39% expense ratio, compared with 3.50% for BWET.
IGV has the higher dividend yield at 0.02%, compared with 0.00% for BWET.
IGV is categorized as Technology Equities, while BWET is Commodities. IGV tracks S&P North American Expanded Technology Software Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: iShares and Amplify. Their fees differ too: 0.39% for IGV and 3.50% for BWET.
BWET currently has the higher Sharpe Ratio (19.67 vs -0.28), 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.
Find the right allocation for IGV and BWET
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer