SCLS vs. BDRY

Last updated Jun 6, 2026

SCLS (Stoneport Advisors Commodity Long Short ETF) and BDRY (Breakwave Dry Bulk Shipping ETF) are both Commodities funds - SCLS tracks the Stoneport Advisors Dynamic Commodity Index - Total Return while BDRY tracks the Breakwave Dry Freight Futures Index. Both are passively managed. At a correlation of -0.09, they often move in opposite directions. SCLS charges 1.10%/yr vs 3.76%/yr for BDRY.

Performance

SCLS vs. BDRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stoneport Advisors Commodity Long Short ETF (SCLS) and Breakwave Dry Bulk Shipping ETF (BDRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCLS achieves a 21.94% return, which is significantly lower than BDRY's 44.81% return.

SCLS

• 1D: -0.49%
• 1M: -1.08%
• YTD: 21.94%
• 6M: 21.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDRY

• 1D: 0.32%
• 1M: 4.87%
• YTD: 44.81%
• 6M: 41.11%
• 1Y: 131.33%
• 3Y*: 24.70%
• 5Y*: -11.58%
• 10Y*: —

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

SCLS vs. BDRY - Yearly Performance Comparison

	2026 (YTD)	2025
SCLS Stoneport Advisors Commodity Long Short ETF	21.94%	1.61%
BDRY Breakwave Dry Bulk Shipping ETF	44.81%	7.21%

Correlation

The correlation between SCLS and BDRY is -0.09, 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 (All Time) Calculated using the full available price history since Nov 5, 2025	-0.09

Return for Risk

SCLS vs. BDRY — Risk / Return Rank

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

BDRY

BDRY Risk / Return Rank: 85
BDRY Sharpe Ratio Rank: 92
BDRY Sortino Ratio Rank: 79
BDRY Omega Ratio Rank: 75
BDRY Calmar Ratio Rank: 92
BDRY Martin Ratio Rank: 86

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.

SCLS vs. BDRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stoneport Advisors Commodity Long Short ETF (SCLS) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SCLS	BDRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.14	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.39	-0.13	+2.52

Drawdowns

SCLS vs. BDRY - Drawdown Comparison

The maximum SCLS drawdown since its inception was -7.90%, smaller than the maximum BDRY drawdown of -89.16%. Use the drawdown chart below to compare losses from any high point for SCLS and BDRY.

Drawdown Indicators

	SCLS	BDRY	Difference
Max Drawdown Largest peak-to-trough decline	-7.90%	-89.16%	+81.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-69.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-89.16%	—
Current Drawdown Current decline from peak	-4.41%	-69.40%	+64.99%
Average Drawdown Average peak-to-trough decline	-1.37%	-58.39%	+57.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.41%	—

Volatility

Volatility by Period

	SCLS	BDRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.77%	42.09%	-23.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	60.66%	-41.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	62.55%	-43.78%

SCLS vs. BDRY - Expense Ratio Comparison

SCLS has a 1.10% expense ratio, which is lower than BDRY's 3.76% expense ratio.

Dividends

SCLS vs. BDRY - Dividend Comparison

SCLS's dividend yield for the trailing twelve months is around 0.32%, while BDRY has not paid dividends to shareholders.

Position	TTM	2025
BDRY Breakwave Dry Bulk Shipping ETF	0.00%	0.00%
SCLS Stoneport Advisors Commodity Long Short ETF	0.32%	0.39%

Frequently Asked Questions

Can I hold both SCLS and BDRY in my portfolio?

SCLS and BDRY have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCLS or BDRY?

On fees, SCLS is cheaper at 1.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCLS or BDRY?

SCLS is cheaper with a 1.10% expense ratio, compared with 3.76% for BDRY.

Which ETF pays a higher dividend yield, SCLS or BDRY?

SCLS has the higher dividend yield at 0.32%, compared with 0.00% for BDRY.

What is the main difference between SCLS and BDRY?

SCLS tracks Stoneport Advisors Dynamic Commodity Index - Total Return, while BDRY tracks Breakwave Dry Freight Futures Index. They also come from different issuers: Stoneport Advisors and ETFMG. Their fees differ too: 1.10% for SCLS and 3.76% for BDRY.