PSL vs. BDRY
PSL (Invesco DWA Consumer Staples Momentum ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - PSL is a Momentum fund tracking the DWA Consumer Staples Technical Leaders Index, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. Both are passively managed. Over the past 5 years, PSL returned 4.65%/yr vs -16.41%/yr for BDRY. At a 0.00 correlation, their price movements are largely independent. PSL charges 0.60%/yr vs 3.76%/yr for BDRY.
Performance
PSL vs. BDRY - Performance Comparison
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Returns By Period
In the year-to-date period, PSL achieves a 10.74% return, which is significantly lower than BDRY's 34.21% return.
PSL
- 1D
- 1.50%
- 1M
- -0.21%
- YTD
- 10.74%
- 6M
- 9.53%
- 1Y
- 0.59%
- 3Y*
- 9.78%
- 5Y*
- 4.65%
- 10Y*
- 8.16%
BDRY
- 1D
- 1.64%
- 1M
- -7.14%
- YTD
- 34.21%
- 6M
- 34.67%
- 1Y
- 103.63%
- 3Y*
- 24.09%
- 5Y*
- -16.41%
- 10Y*
- —
PSL vs. BDRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PSL Invesco DWA Consumer Staples Momentum ETF | 10.74% | -3.47% | 15.42% | 12.32% | -7.76% | 6.88% | 18.15% | 14.16% | -2.51% |
BDRY Breakwave Dry Bulk Shipping ETF | 34.21% | 44.24% | -47.40% | 25.79% | -68.84% | 282.99% | -50.16% | -15.92% | -27.66% |
Correlation
The correlation between PSL and BDRY is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.00 |
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Return for Risk
PSL vs. BDRY — Risk / Return Rank
PSL
BDRY
PSL vs. BDRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) 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.
| PSL | BDRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.36 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 4.82 | -4.78 |
| Martin ratioReturn relative to average drawdown | 0.10 | 13.59 | -13.49 |
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Drawdowns
PSL vs. BDRY - Drawdown Comparison
The maximum PSL drawdown since its inception was -41.58%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for PSL and BDRY.
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Drawdown Indicators
| PSL | BDRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -89.16% | +47.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.64% | -21.60% | +7.96% |
Max Drawdown (3Y)Largest decline over 3 years | -13.64% | -69.71% | +56.07% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -89.16% | +69.71% |
Max Drawdown (10Y)Largest decline over 10 years | -34.67% | — | — |
Current DrawdownCurrent decline from peak | -5.00% | -71.65% | +66.65% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -58.43% | +52.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.19% | 7.65% | -1.46% |
Volatility
PSL vs. BDRY - Volatility Comparison
The current volatility for Invesco DWA Consumer Staples Momentum ETF (PSL) is 4.42%, while Breakwave Dry Bulk Shipping ETF (BDRY) has a volatility of 7.30%. This indicates that PSL experiences smaller price fluctuations and is considered to be less risky than BDRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSL | BDRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 7.30% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 29.14% | -19.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 42.10% | -28.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 60.24% | -45.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 62.40% | -45.88% |
PSL vs. BDRY - Expense Ratio Comparison
PSL has a 0.60% expense ratio, which is lower than BDRY's 3.76% expense ratio.
Dividends
PSL vs. BDRY - Dividend Comparison
PSL's dividend yield for the trailing twelve months is around 0.76%, while BDRY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDRY Breakwave Dry Bulk 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% |
PSL Invesco DWA Consumer Staples Momentum ETF | 0.76% | 0.93% | 0.60% | 1.37% | 1.98% | 1.24% | 0.80% | 0.47% | 0.75% | 0.34% | 2.08% | 1.18% |
Frequently Asked Questions
PSL and BDRY have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDRY has higher volatility (7.30%) compared to PSL (4.42%). In terms of maximum drawdown, PSL dropped -41.58% vs BDRY's -89.16%.
On 5-year performance, PSL leads with 4.65% vs -16.41% for BDRY. On fees, PSL is cheaper at 0.60% per year. On volatility, PSL has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PSL has performed better with a 4.65% return vs -16.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSL is cheaper with a 0.60% expense ratio, compared with 3.76% for BDRY.
PSL has the higher dividend yield at 0.76%, compared with 0.00% for BDRY.
PSL is categorized as Momentum, while BDRY is Commodities. PSL tracks DWA Consumer Staples Technical Leaders Index, while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: Invesco and ETFMG. Their fees differ too: 0.60% for PSL and 3.76% for BDRY.
BDRY currently has the higher Sharpe Ratio (2.48 vs 0.05), 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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