PINE vs. BWET
PINE (Alpine Income Property Trust, 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, PINE returned 13.15%/yr vs 137.18%/yr for BWET. Their 0.02 correlation means their historical movements had little consistent relationship.
Performance
PINE vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, PINE achieves a 24.46% return, which is significantly lower than BWET's 1,293.70% return.
PINE
- 1D
- -0.59%
- 1M
- -2.13%
- 6M
- 18.11%
- YTD
- 24.46%
- 1Y
- 52.55%
- 3Y*
- 13.15%
- 5Y*
- 7.21%
- 10Y*
- —
- ALL TIME*
- 7.41%
BWET
- 1D
- 1.74%
- 1M
- 57.43%
- 6M
- 631.38%
- YTD
- 1,293.70%
- 1Y
- 2,229.63%
- 3Y*
- 137.18%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 147.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.53M | $35.69M | $28.56M | |
| $3.90M | $3.26M | $3.57M |
PINE vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PINE Alpine Income Property Trust, Inc. | 24.46% | 6.97% | 6.13% | 11.30% |
BWET Breakwave Tanker Shipping ETF | 1,293.70% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between PINE and BWET is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | 0.02 |
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Return for Risk
PINE vs. BWET — Risk / Return Rank
PINE
BWET
PINE vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpine Income Property Trust, Inc. (PINE) 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.
| PINE | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.94 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 57.28 | -53.21 |
| Martin ratioReturn relative to average drawdown | 11.16 | 215.11 | -203.94 |
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Drawdowns
PINE vs. BWET - Drawdown Comparison
The maximum PINE drawdown since its inception was -60.00%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for PINE and BWET.
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Drawdown Indicators
| PINE | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.00% | -56.90% | -3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -41.22% | +28.03% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -56.81% | +32.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | — | — |
Current DrawdownCurrent decline from peak | -7.22% | 0.00% | -7.22% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -23.41% | +11.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | 10.95% | -6.15% |
Volatility
PINE vs. BWET - Volatility Comparison
The current volatility for Alpine Income Property Trust, Inc. (PINE) is 7.74%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 32.52%. This indicates that PINE 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
| PINE | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 32.52% | -24.78% |
Volatility (6M)Calculated over the trailing 6-month period | 18.09% | 95.71% | -77.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 107.87% | -84.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.46% | 74.46% | -51.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.99% | 74.46% | -35.47% |
Dividends
PINE vs. BWET - Dividend Comparison
PINE's dividend yield for the trailing twelve months is around 5.80%, while BWET has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BWET Breakwave Tanker Shipping ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PINE Alpine Income Property Trust, Inc. | 5.80% | 6.82% | 6.61% | 6.51% | 5.71% | 5.06% | 5.47% | 0.30% |
Frequently Asked Questions
PINE and BWET 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.
BWET has higher volatility (32.52%) compared to PINE (7.74%). In terms of maximum drawdown, PINE dropped -60.00% vs BWET's -56.90%.
BWET currently has the higher Sharpe Ratio (21.89 vs 2.33), 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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