NLCP vs. BWET
NLCP (NewLake Capital Partners, Inc.) is a stock, while BWET (Breakwave Tanker Shipping ETF) is Commodities fund tracking the Breakwave Wet Freight Futures Index. Over the past 3 years, NLCP returned 12.30%/yr vs 125.74%/yr for BWET. At a correlation of -0.03, they often move in opposite directions.
Performance
NLCP vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, NLCP achieves a 2.57% return, which is significantly lower than BWET's 1,090.11% return.
NLCP
- 1D
- -0.71%
- 1M
- 3.99%
- 6M
- 8.60%
- YTD
- 2.57%
- 1Y
- 22.87%
- 3Y*
- 12.30%
- 5Y*
- —
- 10Y*
- —
BWET
- 1D
- -0.33%
- 1M
- 17.22%
- 6M
- 619.17%
- YTD
- 1,090.11%
- 1Y
- 1,898.00%
- 3Y*
- 125.74%
- 5Y*
- —
- 10Y*
- —
NLCP vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NLCP NewLake Capital Partners, Inc. | 2.57% | 2.42% | 19.43% | 36.85% |
BWET Breakwave Tanker Shipping ETF | 1,090.11% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between NLCP and BWET is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | -0.03 |
The correlation between NLCP and BWET shifts across timeframes, from -0.13 (1 year) to -0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
NLCP vs. BWET — Risk / Return Rank
NLCP
BWET
NLCP vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NewLake Capital Partners, Inc. (NLCP) 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.
| NLCP | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.92 | ||
| Sortino ratioReturn per unit of downside risk | -4.54 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.89 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 46.63 | -45.08 |
| Martin ratioReturn relative to average drawdown | 3.21 | 176.08 | -172.87 |
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Drawdowns
NLCP vs. BWET - Drawdown Comparison
The maximum NLCP drawdown since its inception was -58.59%, roughly equal to the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for NLCP and BWET.
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Drawdown Indicators
| NLCP | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.59% | -56.90% | -1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -41.22% | +26.44% |
Max Drawdown (3Y)Largest decline over 3 years | -35.06% | -56.81% | +21.75% |
Current DrawdownCurrent decline from peak | -22.42% | -10.91% | -11.51% |
Average DrawdownAverage peak-to-trough decline | -33.48% | -23.65% | -9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.15% | 10.89% | -3.74% |
Volatility
NLCP vs. BWET - Volatility Comparison
The current volatility for NewLake Capital Partners, Inc. (NLCP) is 6.65%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 48.58%. This indicates that NLCP 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.
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Volatility by Period
| NLCP | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 48.58% | -41.93% |
Volatility (6M)Calculated over the trailing 6-month period | 17.65% | 96.67% | -79.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.71% | 107.50% | -83.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.93% | 74.64% | -44.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.93% | 74.64% | -44.71% |
Dividends
NLCP vs. BWET - Dividend Comparison
NLCP's dividend yield for the trailing twelve months is around 11.15%, while BWET has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NLCP NewLake Capital Partners, Inc. | 11.15% | 10.80% | 9.71% | 9.81% | 8.99% | 1.50% |
Frequently Asked Questions
NLCP and BWET have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (48.58%) compared to NLCP (6.65%). In terms of maximum drawdown, NLCP dropped -58.59% vs BWET's -56.90%.
BWET currently has the higher Sharpe Ratio (17.89 vs 0.97), 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.
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