INFR vs. BDRY

Last updated Jul 17, 2026

INFR (ClearBridge Sustainable Infrastructure ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - INFR is a Energy Equities fund tracking the RARE Global Infrastructure Index, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. Both are passively managed. At a correlation of -0.03, they often move in opposite directions. INFR charges 0.59%/yr vs 3.76%/yr for BDRY.

Performance

INFR vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Sustainable Infrastructure ETF (INFR) and Breakwave Dry Bulk Shipping ETF (BDRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

INFR

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDRY

• 1D: -1.48%
• 1M: 4.29%
• 6M: 33.44%
• YTD: 44.24%
• 1Y: 74.48%
• 3Y*: 37.75%
• 5Y*: -12.39%
• 10Y*: —

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

INFR vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
INFR ClearBridge Sustainable Infrastructure ETF	1.41%	24.00%	-6.23%	5.20%	-0.19%
BDRY Breakwave Dry Bulk Shipping ETF	44.24%	44.24%	-47.40%	25.79%	-5.84%

Correlation

The correlation between INFR 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 (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Dec 16, 2022	-0.03

Return for Risk

INFR vs. BDRY — Risk / Return Rank

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

INFR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BDRY

BDRY Risk / Return Rank: 68
BDRY Sharpe Ratio Rank: 72
BDRY Sortino Ratio Rank: 63
BDRY Omega Ratio Rank: 58
BDRY Calmar Ratio Rank: 82
BDRY Martin Ratio Rank: 66

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.

INFR vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Sustainable Infrastructure ETF (INFR) 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.

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.

	INFR	BDRY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.84	—
Sortino ratio: Return per unit of downside risk	—	2.37	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	3.47	—
Martin ratio: Return relative to average drawdown	—	9.43	—

Drawdowns

Drawdown Indicators

	INFR	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	—	-89.16%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-21.60%	—
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	—	-69.53%	—
Average Drawdown Average peak-to-trough decline	—	-58.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.92%	—

Volatility

Volatility by Period

	INFR	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	41.13%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	59.91%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	62.24%	—

INFR vs. BDRY - Expense Ratio Comparison

INFR has a 0.59% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

INFR vs. BDRY - Dividend Comparison

Neither INFR nor BDRY has paid dividends to shareholders.

Position	TTM	2025	2024	2023
BDRY Breakwave Dry Bulk Shipping ETF	0.00%	0.00%	0.00%	0.00%
INFR ClearBridge Sustainable Infrastructure ETF	1.71%	2.52%	2.36%	3.06%

Frequently Asked Questions

Can I hold both INFR and BDRY in my portfolio?

INFR 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 ETF is better, INFR or BDRY?

On fees, INFR is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INFR or BDRY?

INFR is cheaper with a 0.59% expense ratio, compared with 3.76% for BDRY.

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

INFR has the higher dividend yield at 1.71%, compared with 0.00% for BDRY.

What is the main difference between INFR and BDRY?

INFR is categorized as Energy Equities, while BDRY is Commodities. INFR tracks RARE Global Infrastructure Index, while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: ClearBridge and ETFMG. Their fees differ too: 0.59% for INFR and 3.76% for BDRY.