PSI vs. BWET
PSI (Invesco Semiconductors ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, PSI returned 44.83%/yr vs 135.18%/yr for BWET. Their 0.05 correlation means their historical movements had little consistent relationship. PSI charges 0.56%/yr vs 3.50%/yr for BWET.
Performance
PSI vs. BWET - Performance Comparison
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Returns By Period
In the year-to-date period, PSI achieves a 76.39% return, which is significantly lower than BWET's 1,246.34% return.
PSI
- 1D
- 1.93%
- 1M
- -11.98%
- 6M
- 45.93%
- YTD
- 76.39%
- 1Y
- 136.90%
- 3Y*
- 44.83%
- 5Y*
- 26.49%
- 10Y*
- 30.54%
- ALL TIME*
- 17.57%
BWET
- 1D
- -3.40%
- 1M
- 52.08%
- 6M
- 619.27%
- YTD
- 1,246.34%
- 1Y
- 2,150.47%
- 3Y*
- 135.18%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 144.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.42M | $38.94M | $29.75M | |
| $73.94M | $63.66M | $74.26M |
PSI vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PSI Invesco Semiconductors ETF | 76.39% | 36.32% | 17.17% | 33.73% |
BWET Breakwave Tanker Shipping ETF | 1,246.34% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between PSI and BWET is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | 0.05 |
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Return for Risk
PSI vs. BWET — Risk / Return Rank
PSI
BWET
PSI vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Semiconductors ETF (PSI) 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.
| PSI | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.91 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 52.86 | -49.00 |
| Martin ratioReturn relative to average drawdown | 17.24 | 198.46 | -181.22 |
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Drawdowns
PSI vs. BWET - Drawdown Comparison
The maximum PSI drawdown since its inception was -62.96%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for PSI and BWET.
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Drawdown Indicators
| PSI | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.96% | -56.90% | -6.06% |
Max Drawdown (1Y)Largest decline over 1 year | -35.74% | -41.22% | +5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -41.07% | -56.81% | +15.74% |
Max Drawdown (5Y)Largest decline over 5 years | -44.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.85% | — | — |
Current DrawdownCurrent decline from peak | -25.95% | -3.40% | -22.55% |
Average DrawdownAverage peak-to-trough decline | -15.92% | -23.38% | +7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.97% | 10.96% | -2.99% |
Volatility
PSI vs. BWET - Volatility Comparison
The current volatility for Invesco Semiconductors ETF (PSI) is 22.74%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 31.04%. This indicates that PSI 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
| PSI | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.74% | 31.04% | -8.30% |
Volatility (6M)Calculated over the trailing 6-month period | 43.67% | 95.74% | -52.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.08% | 108.15% | -58.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.62% | 74.45% | -33.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.57% | 74.45% | -37.88% |
PSI vs. BWET - Expense Ratio Comparison
PSI has a 0.56% expense ratio, which is lower than BWET's 3.50% expense ratio.
Dividends
PSI vs. BWET - Dividend Comparison
PSI's dividend yield for the trailing twelve months is around 0.03%, 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% |
PSI Invesco Semiconductors ETF | 0.03% | 0.10% | 0.15% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% |
Frequently Asked Questions
PSI and BWET have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (31.04%) compared to PSI (22.74%). In terms of maximum drawdown, PSI dropped -62.96% vs BWET's -56.90%.
On 3-year performance, BWET leads with 135.18% vs 44.83% for PSI. On fees, PSI is cheaper at 0.56% per year. On volatility, PSI has been the lower-risk option at 22.74%. 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 135.18% return vs 44.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSI is cheaper with a 0.56% expense ratio, compared with 3.50% for BWET.
PSI has the higher dividend yield at 0.03%, compared with 0.00% for BWET.
PSI is categorized as Semiconductors, while BWET is Commodities. PSI tracks Dynamic Semiconductors Intellidex Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: Invesco and Amplify. Their fees differ too: 0.56% for PSI and 3.50% for BWET.
BWET currently has the higher Sharpe Ratio (20.19 vs 2.76), 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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