INTW vs. BDRY

Last updated Jun 24, 2026

INTW (GraniteShares 2x Long INTC Daily ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - INTW is a Leveraged Equities fund actively managed by GraniteShares, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. INTW is actively managed, while BDRY is passively managed. Over the past year, INTW returned 1964.55% vs 103.63% for BDRY. At a correlation of -0.05, they often move in opposite directions. INTW charges 1.50%/yr vs 3.76%/yr for BDRY.

Performance

INTW vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long INTC Daily ETF (INTW) 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, INTW achieves a 750.22% return, which is significantly higher than BDRY's 34.21% return.

INTW

• 1D: -12.49%
• 1M: 12.21%
• YTD: 750.22%
• 6M: 775.58%
• 1Y: 1,964.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDRY

• 1D: 1.64%
• 1M: -7.14%
• YTD: 34.21%
• 6M: 34.67%
• 1Y: 103.63%
• 3Y*: 24.09%
• 5Y*: -16.41%
• 10Y*: —

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

INTW vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025
INTW GraniteShares 2x Long INTC Daily ETF	750.22%	60.89%
BDRY Breakwave Dry Bulk Shipping ETF	34.21%	59.17%

Correlation

The correlation between INTW 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 Feb 13, 2025	-0.05

Return for Risk

INTW vs. BDRY — Risk / Return Rank

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

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

BDRY

BDRY Risk / Return Rank: 75
BDRY Sharpe Ratio Rank: 82
BDRY Sortino Ratio Rank: 67
BDRY Omega Ratio Rank: 63
BDRY Calmar Ratio Rank: 88
BDRY Martin Ratio Rank: 76

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.

INTW vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long INTC Daily ETF (INTW) 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.

	INTW	BDRY	Difference
Sharpe ratio: Return per unit of total volatility	13.25	2.48	+10.78
Sortino ratio: Return per unit of downside risk	5.13	2.90	+2.23
Omega ratio: Gain probability vs. loss probability	1.65	1.36	+0.29
Calmar ratio: Return relative to maximum drawdown	40.32	4.82	+35.50
Martin ratio: Return relative to average drawdown	91.49	13.59	+77.91

INTW vs. BDRY - Sharpe Ratio Comparison

The current INTW Sharpe Ratio is 13.25, which is higher than the BDRY Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of INTW 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.

Drawdowns

INTW vs. BDRY - Drawdown Comparison

The maximum INTW drawdown since its inception was -60.58%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for INTW and BDRY.

Drawdown Indicators

	INTW	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-60.58%	-89.16%	+28.58%
Max Drawdown (1Y) Largest decline over 1 year	-49.34%	-21.60%	-27.74%
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	-12.49%	-71.65%	+59.16%
Average Drawdown Average peak-to-trough decline	-29.66%	-58.43%	+28.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.70%	7.65%	+14.05%

Volatility

INTW vs. BDRY - Volatility Comparison

GraniteShares 2x Long INTC Daily ETF (INTW) has a higher volatility of 55.81% compared to Breakwave Dry Bulk Shipping ETF (BDRY) at 7.30%. This indicates that INTW'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

	INTW	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	55.81%	7.30%	+48.51%
Volatility (6M) Calculated over the trailing 6-month period	119.10%	29.14%	+89.96%
Volatility (1Y) Calculated over the trailing 1-year period	150.14%	42.10%	+108.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.88%	60.24%	+88.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.88%	62.40%	+86.48%

INTW vs. BDRY - Expense Ratio Comparison

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

Dividends

INTW vs. BDRY - Dividend Comparison

Neither INTW nor BDRY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both INTW and BDRY in my portfolio?

INTW 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, INTW or BDRY?

INTW has higher volatility (55.81%) compared to BDRY (7.30%). In terms of maximum drawdown, INTW dropped -60.58% vs BDRY's -89.16%.

Which ETF is better, INTW or BDRY?

On 1-year performance, INTW leads with 1964.55% vs 103.63% for BDRY. On fees, INTW is cheaper at 1.50% per year. On volatility, BDRY has been the lower-risk option at 7.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INTW or BDRY?

Over the 1-year period, INTW has performed better with a 1964.55% return vs 103.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INTW or BDRY?

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

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

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

What is the main difference between INTW and BDRY?

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

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (13.25 vs 2.48), 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.