PXQ vs. BDRY
PXQ (Invesco Next Gen Connectivity ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while BDRY is a Commodities fund tracking the Breakwave Dry Freight Futures Index. Both are passively managed. Over the past 5 years, PXQ returned 19.32%/yr vs -16.41%/yr for BDRY. At a 0.04 correlation, their price movements are largely independent. PXQ charges 0.40%/yr vs 3.76%/yr for BDRY.
Performance
PXQ vs. BDRY - Performance Comparison
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Returns By Period
In the year-to-date period, PXQ achieves a 54.15% return, which is significantly higher than BDRY's 34.21% return.
PXQ
- 1D
- -5.38%
- 1M
- 5.48%
- YTD
- 54.15%
- 6M
- 54.94%
- 1Y
- 84.85%
- 3Y*
- 40.93%
- 5Y*
- 19.32%
- 10Y*
- 21.11%
BDRY
- 1D
- 1.64%
- 1M
- -7.14%
- YTD
- 34.21%
- 6M
- 34.67%
- 1Y
- 103.63%
- 3Y*
- 24.09%
- 5Y*
- -16.41%
- 10Y*
- —
PXQ vs. BDRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 54.15% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 39.14% | 26.35% | -4.87% |
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 PXQ and BDRY is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.04 |
The correlation between PXQ and BDRY shifts across timeframes, from -0.11 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PXQ vs. BDRY — Risk / Return Rank
PXQ
BDRY
PXQ vs. BDRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) 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.
| PXQ | BDRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.36 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.94 | 4.82 | +2.11 |
| Martin ratioReturn relative to average drawdown | 30.00 | 13.59 | +16.41 |
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Drawdowns
PXQ vs. BDRY - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for PXQ and BDRY.
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Drawdown Indicators
| PXQ | BDRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -89.16% | +31.98% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | -21.60% | +9.30% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -69.71% | +48.31% |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | -89.16% | +54.61% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | — | — |
Current DrawdownCurrent decline from peak | -6.27% | -71.65% | +65.38% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -58.43% | +47.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 7.65% | -4.81% |
Volatility
PXQ vs. BDRY - Volatility Comparison
Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 15.64% compared to Breakwave Dry Bulk Shipping ETF (BDRY) at 7.30%. This indicates that PXQ's price experiences larger fluctuations and is considered to be riskier 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
| PXQ | BDRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.64% | 7.30% | +8.34% |
Volatility (6M)Calculated over the trailing 6-month period | 21.75% | 29.14% | -7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.15% | 42.10% | -16.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.96% | 60.24% | -36.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.33% | 62.40% | -39.07% |
PXQ vs. BDRY - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is lower than BDRY's 3.76% expense ratio.
Dividends
PXQ vs. BDRY - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.62%, while BDRY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PXQ Invesco Next Gen Connectivity ETF | 0.62% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% |
Frequently Asked Questions
PXQ and BDRY have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXQ has higher volatility (15.64%) compared to BDRY (7.30%). In terms of maximum drawdown, PXQ dropped -57.18% vs BDRY's -89.16%.
On 5-year performance, PXQ leads with 19.32% vs -16.41% for BDRY. On fees, PXQ is cheaper at 0.40% per year. On volatility, BDRY has been the lower-risk option at 7.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PXQ has performed better with a 19.32% return vs -16.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PXQ is cheaper with a 0.40% expense ratio, compared with 3.76% for BDRY.
PXQ has the higher dividend yield at 0.62%, compared with 0.00% for BDRY.
PXQ is categorized as Technology Equities, while BDRY is Commodities. PXQ tracks STOXX World AC NexGen Connectivity Index, while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: Invesco and ETFMG. Their fees differ too: 0.40% for PXQ and 3.76% for BDRY.
PXQ currently has the higher Sharpe Ratio (3.42 vs 2.48), 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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