OTGL vs. BDRY
OTGL (OTG Latin America ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - OTGL is a Latin America Equities fund tracking the Actively Managed, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. Both are passively managed. At a correlation of -0.02, they often move in opposite directions. OTGL charges 0.95%/yr vs 3.76%/yr for BDRY.
Performance
OTGL vs. BDRY - Performance Comparison
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Returns By Period
In the year-to-date period, OTGL achieves a 5.36% return, which is significantly lower than BDRY's 34.21% return.
OTGL
- 1D
- -0.86%
- 1M
- -1.33%
- YTD
- 5.36%
- 6M
- 6.08%
- 1Y
- —
- 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*
- —
OTGL vs. BDRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OTGL OTG Latin America ETF | 5.36% | 13.64% |
BDRY Breakwave Dry Bulk Shipping ETF | 34.21% | 23.70% |
Correlation
The correlation between OTGL and BDRY is -0.02, 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 Jul 14, 2025 | -0.02 |
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Return for Risk
OTGL vs. BDRY — Risk / Return Rank
OTGL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BDRY
OTGL vs. BDRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OTG Latin America ETF (OTGL) 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.
| OTGL | BDRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.82 | — |
| Martin ratioReturn relative to average drawdown | — | 13.59 | — |
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Drawdowns
OTGL vs. BDRY - Drawdown Comparison
The maximum OTGL drawdown since its inception was -13.52%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for OTGL and BDRY.
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Drawdown Indicators
| OTGL | BDRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.52% | -89.16% | +75.64% |
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 DrawdownCurrent decline from peak | -9.20% | -71.65% | +62.45% |
Average DrawdownAverage peak-to-trough decline | -3.31% | -58.43% | +55.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.65% | — |
Volatility
OTGL vs. BDRY - Volatility Comparison
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Volatility by Period
| OTGL | BDRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.23% | 42.10% | -22.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.23% | 60.24% | -41.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 62.40% | -43.17% |
OTGL vs. BDRY - Expense Ratio Comparison
OTGL has a 0.95% expense ratio, which is lower than BDRY's 3.76% expense ratio.
Dividends
OTGL vs. BDRY - Dividend Comparison
OTGL's dividend yield for the trailing twelve months is around 2.83%, while BDRY has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BDRY Breakwave Dry Bulk Shipping ETF | 0.00% | 0.00% |
OTGL OTG Latin America ETF | 2.83% | 1.89% |
Frequently Asked Questions
OTGL and BDRY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OTGL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OTGL is cheaper with a 0.95% expense ratio, compared with 3.76% for BDRY.
OTGL has the higher dividend yield at 2.83%, compared with 0.00% for BDRY.
OTGL is categorized as Latin America Equities, while BDRY is Commodities. OTGL tracks Actively Managed, while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: OTG and ETFMG. Their fees differ too: 0.95% for OTGL and 3.76% for BDRY.
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