OEFA vs. BDRY

Last updated Jun 3, 2026

OEFA (ALPS O'Shares International Developed Quality Dividend ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - OEFA is a International Equity fund tracking the O’Shares International Developed Quality Dividend Index, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. Both are passively managed. At a correlation of -0.01, they often move in opposite directions. OEFA charges 0.48%/yr vs 3.76%/yr for BDRY.

Performance

OEFA vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS O'Shares International Developed Quality Dividend ETF (OEFA) 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, OEFA achieves a 2.78% return, which is significantly lower than BDRY's 47.55% return.

OEFA

• 1D: 0.48%
• 1M: 2.80%
• YTD: 2.78%
• 6M: 5.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDRY

• 1D: -0.73%
• 1M: 10.32%
• YTD: 47.55%
• 6M: 39.89%
• 1Y: 153.73%
• 3Y*: 28.21%
• 5Y*: -10.64%
• 10Y*: —

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

OEFA vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025
OEFA ALPS O'Shares International Developed Quality Dividend ETF	2.78%	0.25%
BDRY Breakwave Dry Bulk Shipping ETF	47.55%	15.70%

Correlation

The correlation between OEFA and BDRY is -0.01, 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 (All Time) Calculated using the full available price history since Oct 2, 2025	-0.01

OEFA vs. BDRY - Sectors Allocation Comparison

Sectors	OEFA	BDRY
Industrials	27.4%	-
Consumer Cyclical	15.3%	-
Healthcare	15.2%	-
Technology	13.1%	-
Financial Services	11.3%	3.1%
Consumer Defensive	9.4%	-
Communication Services	5.2%	-
Utilities	3.3%	-
Basic Materials	-	-
Energy	-	-
Real Estate	-	-

Return for Risk

OEFA vs. BDRY — Risk / Return Rank

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

BDRY

BDRY Risk / Return Rank: 88
BDRY Sharpe Ratio Rank: 94
BDRY Sortino Ratio Rank: 83
BDRY Omega Ratio Rank: 78
BDRY Calmar Ratio Rank: 93
BDRY Martin Ratio Rank: 89

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.

OEFA vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS O'Shares International Developed Quality Dividend ETF (OEFA) 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.

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

Sharpe Ratios by Period

	OEFA	BDRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.67	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	-0.13	+0.39

Drawdowns

OEFA vs. BDRY - Drawdown Comparison

The maximum OEFA drawdown since its inception was -13.54%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for OEFA and BDRY.

Drawdown Indicators

	OEFA	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-13.54%	-89.16%	+75.62%
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	-3.45%	-68.83%	+65.38%
Average Drawdown Average peak-to-trough decline	-3.74%	-58.38%	+54.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.39%	—

Volatility

Volatility by Period

	OEFA	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.68%	42.25%	-24.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.68%	60.70%	-43.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	62.59%	-44.91%

OEFA vs. BDRY - Expense Ratio Comparison

OEFA has a 0.48% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

OEFA vs. BDRY - Dividend Comparison

OEFA's dividend yield for the trailing twelve months is around 0.91%, while BDRY has not paid dividends to shareholders.

Position	TTM	2025
BDRY Breakwave Dry Bulk Shipping ETF	0.00%	0.00%
OEFA ALPS O'Shares International Developed Quality Dividend ETF	0.91%	0.28%

Frequently Asked Questions

Can I hold both OEFA and BDRY in my portfolio?

OEFA and BDRY have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OEFA or BDRY?

On fees, OEFA is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OEFA or BDRY?

OEFA is cheaper with a 0.48% expense ratio, compared with 3.76% for BDRY.

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

OEFA has the higher dividend yield at 0.91%, compared with 0.00% for BDRY.

What is the main difference between OEFA and BDRY?

OEFA is categorized as International Equity, while BDRY is Commodities. OEFA tracks O’Shares International Developed Quality Dividend Index, while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: ALPS and ETFMG. Their fees differ too: 0.48% for OEFA and 3.76% for BDRY.