LOGO vs. BWET

Last updated Jun 4, 2026

LOGO (Alpha Brands Consumption Leaders ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - LOGO is a Mid Cap Blend Equities fund actively managed by Alpha Brands, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. LOGO is actively managed, while BWET is passively managed. Over the past year, LOGO returned -0.59% vs 1800.91% for BWET. At a correlation of -0.15, they often move in opposite directions. LOGO charges 0.69%/yr vs 3.50%/yr for BWET.

Performance

LOGO vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Brands Consumption Leaders ETF (LOGO) 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, LOGO achieves a -4.57% return, which is significantly lower than BWET's 875.88% return.

LOGO

• 1D: -5.22%
• 1M: -2.53%
• YTD: -4.57%
• 6M: -5.00%
• 1Y: -0.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

LOGO vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
LOGO Alpha Brands Consumption Leaders ETF	-4.57%	5.34%
BWET Breakwave Tanker Shipping ETF	875.88%	83.12%

Correlation

The correlation between LOGO and BWET is -0.15, 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	-0.15
Correlation (All Time) Calculated using the full available price history since May 29, 2025	-0.15

Return for Risk

LOGO vs. BWET — Risk / Return Rank

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

LOGO

LOGO Risk / Return Rank: 9
LOGO Sharpe Ratio Rank: 9
LOGO Sortino Ratio Rank: 8
LOGO Omega Ratio Rank: 8
LOGO Calmar Ratio Rank: 9
LOGO Martin Ratio Rank: 9

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.

LOGO vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Brands Consumption Leaders ETF (LOGO) 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.

	LOGO	BWET	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	18.57	-18.61
Sortino ratio: Return per unit of downside risk	0.05	6.55	-6.51
Omega ratio: Gain probability vs. loss probability	1.01	1.96	-0.96
Calmar ratio: Return relative to maximum drawdown	-0.03	59.51	-59.54
Martin ratio: Return relative to average drawdown	-0.08	158.07	-158.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOGO vs. BWET - Sharpe Ratio Comparison

The current LOGO Sharpe Ratio is -0.04, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of LOGO 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

	LOGO	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	18.57	-18.61
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.90	-1.86

Drawdowns

LOGO vs. BWET - Drawdown Comparison

The maximum LOGO drawdown since its inception was -18.34%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for LOGO and BWET.

Drawdown Indicators

	LOGO	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-18.34%	-56.90%	+38.56%
Max Drawdown (1Y) Largest decline over 1 year	-18.34%	-30.64%	+12.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	-11.04%	-11.29%	+0.25%
Average Drawdown Average peak-to-trough decline	-5.75%	-24.09%	+18.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.36%	11.51%	-4.15%

Volatility

LOGO vs. BWET - Volatility Comparison

The current volatility for Alpha Brands Consumption Leaders ETF (LOGO) is 6.55%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that LOGO 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

	LOGO	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.55%	33.96%	-27.41%
Volatility (6M) Calculated over the trailing 6-month period	11.91%	88.49%	-76.58%
Volatility (1Y) Calculated over the trailing 1-year period	14.91%	98.35%	-83.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.86%	70.45%	-55.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.86%	70.45%	-55.59%

LOGO vs. BWET - Expense Ratio Comparison

LOGO has a 0.69% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

LOGO vs. BWET - Dividend Comparison

Neither LOGO nor BWET has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LOGO and BWET in my portfolio?

LOGO and BWET have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOGO or BWET?

BWET has higher volatility (33.96%) compared to LOGO (6.55%). In terms of maximum drawdown, LOGO dropped -18.34% vs BWET's -56.90%.

Which ETF is better, LOGO or BWET?

On 1-year performance, BWET leads with 1800.91% vs -0.59% for LOGO. On fees, LOGO is cheaper at 0.69% per year. On volatility, LOGO has been the lower-risk option at 6.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LOGO or BWET?

Over the 1-year period, BWET has performed better with a 1800.91% return vs -0.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LOGO or BWET?

LOGO is cheaper with a 0.69% expense ratio, compared with 3.50% for BWET.

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

LOGO and BWET have nearly identical dividend yields, around 0.00%.

What is the main difference between LOGO and BWET?

LOGO is categorized as Mid Cap Blend Equities, while BWET is Commodities. They also come from different issuers: Alpha Brands and Amplify. Their fees differ too: 0.69% for LOGO and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs -0.04), 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.