PLTU vs. BWET

Last updated Jun 26, 2026

PLTU (Direxion Daily PLTR Bull 2X Shares) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - PLTU is a Leveraged Equities fund actively managed by Direxion, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. PLTU is actively managed, while BWET is passively managed. Over the past year, PLTU returned -61.32% vs 1278.65% for BWET. At a correlation of -0.09, they often move in opposite directions. PLTU charges 0.97%/yr vs 3.50%/yr for BWET.

Performance

PLTU vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bull 2X Shares (PLTU) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTU achieves a -70.41% return, which is significantly lower than BWET's 678.63% return.

PLTU

• 1D: -10.78%
• 1M: -41.20%
• YTD: -70.41%
• 6M: -75.31%
• 1Y: -61.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: -10.47%
• 1M: -6.38%
• YTD: 678.63%
• 6M: 636.79%
• 1Y: 1,278.65%
• 3Y*: 104.38%
• 5Y*: —
• 10Y*: —

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

PLTU vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTU Direxion Daily PLTR Bull 2X Shares	-70.41%	223.17%	14.77%
BWET Breakwave Tanker Shipping ETF	678.63%	96.22%	-0.07%

Correlation

The correlation between PLTU 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 (All Time) Calculated using the full available price history since Dec 11, 2024	-0.09

Return for Risk

PLTU vs. BWET — Risk / Return Rank

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

PLTU

PLTU Risk / Return Rank: 4
PLTU Sharpe Ratio Rank: 5
PLTU Sortino Ratio Rank: 5
PLTU Omega Ratio Rank: 5
PLTU Calmar Ratio Rank: 3
PLTU Martin Ratio Rank: 2

BWET

BWET Risk / Return Rank: 98
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 97
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 99
BWET Martin Ratio Rank: 99

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.

PLTU vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X Shares (PLTU) 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.

	PLTU	BWET	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	12.97	-13.57
Sortino ratio: Return per unit of downside risk	-0.53	5.67	-6.19
Omega ratio: Gain probability vs. loss probability	0.94	1.83	-0.89
Calmar ratio: Return relative to maximum drawdown	-0.77	41.56	-42.34
Martin ratio: Return relative to average drawdown	-1.43	132.30	-133.73

PLTU vs. BWET - Sharpe Ratio Comparison

The current PLTU Sharpe Ratio is -0.60, which is lower than the BWET Sharpe Ratio of 12.97. The chart below compares the historical Sharpe Ratios of PLTU and BWET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLTU vs. BWET - Drawdown Comparison

The maximum PLTU drawdown since its inception was -79.43%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for PLTU and BWET.

Drawdown Indicators

	PLTU	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-79.43%	-56.90%	-22.53%
Max Drawdown (1Y) Largest decline over 1 year	-79.43%	-31.11%	-48.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.81%	—
Current Drawdown Current decline from peak	-79.43%	-31.11%	-48.32%
Average Drawdown Average peak-to-trough decline	-33.31%	-23.77%	-9.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.00%	9.76%	+33.24%

Volatility

PLTU vs. BWET - Volatility Comparison

Direxion Daily PLTR Bull 2X Shares (PLTU) has a higher volatility of 39.23% compared to Breakwave Tanker Shipping ETF (BWET) at 33.70%. This indicates that PLTU's price experiences larger fluctuations and is considered to be riskier than BWET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTU	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.23%	33.70%	+5.53%
Volatility (6M) Calculated over the trailing 6-month period	78.12%	92.18%	-14.06%
Volatility (1Y) Calculated over the trailing 1-year period	103.24%	100.26%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.55%	71.46%	+55.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.55%	71.46%	+55.09%

PLTU vs. BWET - Expense Ratio Comparison

PLTU has a 0.97% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

PLTU vs. BWET - Dividend Comparison

PLTU's dividend yield for the trailing twelve months is around 80.57%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%
PLTU Direxion Daily PLTR Bull 2X Shares	80.57%	23.29%	0.12%

Frequently Asked Questions

Can I hold both PLTU and BWET in my portfolio?

PLTU 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.

Which is riskier, PLTU or BWET?

PLTU has higher volatility (39.23%) compared to BWET (33.70%). In terms of maximum drawdown, PLTU dropped -79.43% vs BWET's -56.90%.

Which ETF is better, PLTU or BWET?

On 1-year performance, BWET leads with 1278.65% vs -61.32% for PLTU. On fees, PLTU is cheaper at 0.97% per year. On volatility, BWET has been the lower-risk option at 33.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTU or BWET?

Over the 1-year period, BWET has performed better with a 1278.65% return vs -61.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTU or BWET?

PLTU is cheaper with a 0.97% expense ratio, compared with 3.50% for BWET.

Which ETF pays a higher dividend yield, PLTU or BWET?

PLTU has the higher dividend yield at 80.57%, compared with 0.00% for BWET.

What is the main difference between PLTU and BWET?

PLTU is categorized as Leveraged Equities, while BWET is Commodities. They also come from different issuers: Direxion and Amplify. Their fees differ too: 0.97% for PLTU and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (12.97 vs -0.60), 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.