RSPM vs. BWET

Last updated Jun 5, 2026

RSPM (Invesco S&P 500® Equal Weight Materials ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - RSPM is a Materials fund tracking the S&P 500 Equal Weight Materials Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, RSPM returned 10.38%/yr vs 145.24%/yr for BWET. At a 0.00 correlation, their price movements are largely independent. RSPM charges 0.40%/yr vs 3.50%/yr for BWET.

Performance

RSPM vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® Equal Weight Materials ETF (RSPM) 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, RSPM achieves a 15.54% return, which is significantly lower than BWET's 990.13% return.

RSPM

• 1D: -0.21%
• 1M: -0.70%
• YTD: 15.54%
• 6M: 19.82%
• 1Y: 23.31%
• 3Y*: 10.38%
• 5Y*: 4.25%
• 10Y*: 10.49%

BWET

• 1D: 11.71%
• 1M: -0.90%
• YTD: 990.13%
• 6M: 857.64%
• 1Y: 2,014.90%
• 3Y*: 145.24%
• 5Y*: —
• 10Y*: —

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

RSPM vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSPM Invesco S&P 500® Equal Weight Materials ETF	15.54%	6.90%	-1.30%	9.44%
BWET Breakwave Tanker Shipping ETF	990.13%	96.22%	-39.21%	15.94%

Correlation

The correlation between RSPM and BWET is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (All Time) Calculated using the full available price history since May 4, 2023	0.00

RSPM vs. BWET - Sectors Allocation Comparison

Sectors	RSPM	BWET
Basic Materials	79.4%	-
Consumer Cyclical	20.6%	-
Industrials	3.5%	-
Financial Services	0.0%	8.6%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

RSPM vs. BWET — Risk / Return Rank

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

RSPM

RSPM Risk / Return Rank: 36
RSPM Sharpe Ratio Rank: 36
RSPM Sortino Ratio Rank: 38
RSPM Omega Ratio Rank: 35
RSPM Calmar Ratio Rank: 39
RSPM Martin Ratio Rank: 35

BWET

BWET Risk / Return Rank: 99
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 98
BWET Omega Ratio Rank: 98
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.

RSPM vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Materials ETF (RSPM) 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.

	RSPM	BWET	Difference
Sharpe ratio: Return per unit of total volatility	1.29	20.67	-19.38
Sortino ratio: Return per unit of downside risk	1.93	6.77	-4.84
Omega ratio: Gain probability vs. loss probability	1.23	1.99	-0.77
Calmar ratio: Return relative to maximum drawdown	1.90	66.60	-64.70
Martin ratio: Return relative to average drawdown	5.19	176.91	-171.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPM vs. BWET - Sharpe Ratio Comparison

The current RSPM Sharpe Ratio is 1.29, which is lower than the BWET Sharpe Ratio of 20.67. The chart below compares the historical Sharpe Ratios of RSPM 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

	RSPM	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	20.67	-19.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	2.01	-1.62

Drawdowns

RSPM vs. BWET - Drawdown Comparison

The maximum RSPM drawdown since its inception was -61.18%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for RSPM and BWET.

Drawdown Indicators

	RSPM	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-61.18%	-56.90%	-4.28%
Max Drawdown (1Y) Largest decline over 1 year	-12.32%	-30.64%	+18.32%
Max Drawdown (3Y) Largest decline over 3 years	-27.19%	-56.90%	+29.71%
Max Drawdown (5Y) Largest decline over 5 years	-27.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.84%	—	—
Current Drawdown Current decline from peak	-4.32%	-0.90%	-3.42%
Average Drawdown Average peak-to-trough decline	-8.79%	-24.06%	+15.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	11.51%	-7.01%

Volatility

RSPM vs. BWET - Volatility Comparison

The current volatility for Invesco S&P 500® Equal Weight Materials ETF (RSPM) is 5.56%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 28.88%. This indicates that RSPM 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

	RSPM	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	28.88%	-23.32%
Volatility (6M) Calculated over the trailing 6-month period	13.36%	88.79%	-75.43%
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	98.73%	-80.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.12%	70.70%	-50.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.93%	70.70%	-48.77%

RSPM vs. BWET - Expense Ratio Comparison

RSPM has a 0.40% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

RSPM vs. BWET - Dividend Comparison

RSPM's dividend yield for the trailing twelve months is around 1.50%, 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%
RSPM Invesco S&P 500® Equal Weight Materials ETF	1.50%	2.06%	2.04%	2.05%	2.19%	1.43%	1.57%	1.81%	1.83%	1.50%	1.28%	1.57%

Frequently Asked Questions

Can I hold both RSPM and BWET in my portfolio?

RSPM and BWET have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPM or BWET?

BWET has higher volatility (28.88%) compared to RSPM (5.56%). In terms of maximum drawdown, RSPM dropped -61.18% vs BWET's -56.90%.

Which ETF is better, RSPM or BWET?

On 3-year performance, BWET leads with 145.24% vs 10.38% for RSPM. On fees, RSPM is cheaper at 0.40% per year. On volatility, RSPM has been the lower-risk option at 5.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPM or BWET?

Over the 3-year period, BWET has performed better with a 145.24% return vs 10.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPM or BWET?

RSPM is cheaper with a 0.40% expense ratio, compared with 3.50% for BWET.

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

RSPM has the higher dividend yield at 1.50%, compared with 0.00% for BWET.

What is the main difference between RSPM and BWET?

RSPM is categorized as Materials, while BWET is Commodities. RSPM tracks S&P 500 Equal Weight Materials Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: Invesco and Amplify. Their fees differ too: 0.40% for RSPM and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (20.67 vs 1.29), 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.