PEY vs. BWET
PEY (Invesco High Yield Equity Dividend Achievers™ ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - PEY is a Mid Cap Value Equities fund tracking the NASDAQ US Dividend Achievers 50 Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, PEY returned 12.04%/yr vs 123.86%/yr for BWET. At a correlation of -0.03, they often move in opposite directions. PEY charges 0.54%/yr vs 3.50%/yr for BWET.
Performance
PEY vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, PEY achieves a 14.10% return, which is significantly lower than BWET's 968.33% return.
PEY
- 1D
- 1.16%
- 1M
- 1.72%
- YTD
- 14.10%
- 6M
- 13.85%
- 1Y
- 17.71%
- 3Y*
- 12.04%
- 5Y*
- 6.66%
- 10Y*
- 8.73%
BWET
- 1D
- -5.48%
- 1M
- 18.43%
- YTD
- 968.33%
- 6M
- 944.72%
- 1Y
- 1,424.52%
- 3Y*
- 123.86%
- 5Y*
- —
- 10Y*
- —
PEY vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 14.10% | 0.56% | 5.25% | 12.87% |
BWET Breakwave Tanker Shipping ETF | 968.33% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between PEY and BWET is -0.06, 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 | -0.06 |
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 |
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Return for Risk
PEY vs. BWET — Risk / Return Rank
PEY
BWET
PEY vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) 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.
| PEY | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.40 | ||
| Sortino ratioReturn per unit of downside risk | -4.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.87 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 47.03 | -45.03 |
| Martin ratioReturn relative to average drawdown | 5.59 | 147.28 | -141.68 |
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Drawdowns
PEY vs. BWET - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.81%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for PEY and BWET.
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Drawdown Indicators
| PEY | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.81% | -56.90% | -15.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -30.64% | +21.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -56.81% | +38.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.55% | — | — |
Current DrawdownCurrent decline from peak | -2.46% | -5.48% | +3.02% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -23.76% | +10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 11.60% | -8.43% |
Volatility
PEY vs. BWET - Volatility Comparison
The current volatility for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) is 4.05%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 26.27%. This indicates that PEY 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
| PEY | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 26.27% | -22.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 89.01% | -79.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.17% | 98.57% | -84.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 70.47% | -54.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 70.47% | -51.59% |
PEY vs. BWET - Expense Ratio Comparison
PEY has a 0.54% expense ratio, which is lower than BWET's 3.50% expense ratio.
Dividends
PEY vs. BWET - Dividend Comparison
PEY's dividend yield for the trailing twelve months is around 4.49%, while BWET has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.49% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
Frequently Asked Questions
PEY and BWET have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (26.27%) compared to PEY (4.05%). In terms of maximum drawdown, PEY dropped -72.81% vs BWET's -56.90%.
On 3-year performance, BWET leads with 123.86% vs 12.04% for PEY. On fees, PEY is cheaper at 0.54% per year. On volatility, PEY has been the lower-risk option at 4.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BWET has performed better with a 123.86% return vs 12.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PEY is cheaper with a 0.54% expense ratio, compared with 3.50% for BWET.
PEY has the higher dividend yield at 4.49%, compared with 0.00% for BWET.
PEY is categorized as Mid Cap Value Equities, while BWET is Commodities. PEY tracks NASDAQ US Dividend Achievers 50 Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: Invesco and Amplify. Their fees differ too: 0.54% for PEY and 3.50% for BWET.
BWET currently has the higher Sharpe Ratio (14.65 vs 1.26), 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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