PSWD vs. BWET

Last updated Jun 4, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - PSWD is a Technology Equities fund tracking the Solactive Cyber Security ESG Screened Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past year, PSWD returned 15.26% vs 1800.91% for BWET. At a correlation of -0.07, they often move in opposite directions. PSWD charges 0.20%/yr vs 3.50%/yr for BWET.

Performance

PSWD vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) 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, PSWD achieves a 22.48% return, which is significantly lower than BWET's 875.88% return.

PSWD

• 1D: -3.24%
• 1M: 22.87%
• YTD: 22.48%
• 6M: 16.89%
• 1Y: 15.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: 4.26%
• 1M: 9.15%
• YTD: 875.88%
• 6M: 735.56%
• 1Y: 1,800.91%
• 3Y*: 129.64%
• 5Y*: —
• 10Y*: —

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

PSWD vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	22.48%	1.69%	9.46%	18.58%
BWET Breakwave Tanker Shipping ETF	875.88%	96.22%	-39.21%	-15.13%

Correlation

The correlation between PSWD and BWET is -0.15, 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	-0.15
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023	-0.07

PSWD vs. BWET - Sectors Allocation Comparison

Sectors	PSWD	BWET
Technology	98.3%	-
Real Estate	0.9%	-
Industrials	0.5%	-
Financial Services	0.1%	8.6%
Communication Services	0.1%	-
Consumer Cyclical	0.1%	-
Healthcare	0.1%	-
Consumer Defensive	0.0%	-
Energy	0.0%	-
Basic Materials	0.0%	-
Utilities	0.0%	-

Return for Risk

PSWD vs. BWET — Risk / Return Rank

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

PSWD

PSWD Risk / Return Rank: 18
PSWD Sharpe Ratio Rank: 19
PSWD Sortino Ratio Rank: 18
PSWD Omega Ratio Rank: 19
PSWD Calmar Ratio Rank: 17
PSWD Martin Ratio Rank: 16

BWET

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

PSWD vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) 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.

	PSWD	BWET	Difference
Sharpe ratio: Return per unit of total volatility	0.60	18.57	-17.97
Sortino ratio: Return per unit of downside risk	0.95	6.55	-5.60
Omega ratio: Gain probability vs. loss probability	1.12	1.96	-0.84
Calmar ratio: Return relative to maximum drawdown	0.65	59.51	-58.86
Martin ratio: Return relative to average drawdown	1.47	158.07	-156.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSWD vs. BWET - Sharpe Ratio Comparison

The current PSWD Sharpe Ratio is 0.60, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of PSWD 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.

Sharpe Ratios by Period

	PSWD	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	18.57	-17.97
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.90	-1.13

Drawdowns

PSWD vs. BWET - Drawdown Comparison

The maximum PSWD drawdown since its inception was -23.70%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for PSWD and BWET.

Drawdown Indicators

	PSWD	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-56.90%	+33.20%
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	-30.64%	+6.94%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	-3.32%	-11.29%	+7.97%
Average Drawdown Average peak-to-trough decline	-6.46%	-24.09%	+17.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.38%	11.51%	-1.13%

Volatility

PSWD vs. BWET - Volatility Comparison

The current volatility for Xtrackers Cybersecurity Select Equity ETF (PSWD) is 11.00%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that PSWD 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.

Volatility by Period

	PSWD	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	33.96%	-22.96%
Volatility (6M) Calculated over the trailing 6-month period	20.87%	88.49%	-67.62%
Volatility (1Y) Calculated over the trailing 1-year period	25.46%	98.35%	-72.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.68%	70.45%	-46.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.68%	70.45%	-46.77%

PSWD vs. BWET - Expense Ratio Comparison

PSWD has a 0.20% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

PSWD vs. BWET - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.72%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%
PSWD Xtrackers Cybersecurity Select Equity ETF	0.72%	0.88%	1.49%	0.55%

Frequently Asked Questions

Can I hold both PSWD and BWET in my portfolio?

PSWD and BWET have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSWD or BWET?

BWET has higher volatility (33.96%) compared to PSWD (11.00%). In terms of maximum drawdown, PSWD dropped -23.70% vs BWET's -56.90%.

Which ETF is better, PSWD or BWET?

On 1-year performance, BWET leads with 1800.91% vs 15.26% for PSWD. On fees, PSWD is cheaper at 0.20% per year. On volatility, PSWD has been the lower-risk option at 11.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSWD or BWET?

Over the 1-year period, BWET has performed better with a 1800.91% return vs 15.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSWD or BWET?

PSWD is cheaper with a 0.20% expense ratio, compared with 3.50% for BWET.

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

PSWD has the higher dividend yield at 0.72%, compared with 0.00% for BWET.

What is the main difference between PSWD and BWET?

PSWD is categorized as Technology Equities, while BWET is Commodities. PSWD tracks Solactive Cyber Security ESG Screened Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: Xtrackers and Amplify. Their fees differ too: 0.20% for PSWD and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 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.