SILJ vs. BWET

Last updated Jun 4, 2026

SILJ (Amplify Junior Silver Miners ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. Over the past 3 years, SILJ returned 47.77%/yr vs 129.64%/yr for BWET. At a 0.05 correlation, their price movements are largely independent. SILJ charges 0.69%/yr vs 3.50%/yr for BWET.

Performance

SILJ vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Junior Silver Miners ETF (SILJ) 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, SILJ achieves a 6.61% return, which is significantly lower than BWET's 875.88% return.

SILJ

• 1D: -5.24%
• 1M: 2.57%
• YTD: 6.61%
• 6M: 16.40%
• 1Y: 111.95%
• 3Y*: 47.77%
• 5Y*: 13.13%
• 10Y*: 10.08%

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)

SILJ vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SILJ Amplify Junior Silver Miners ETF	6.61%	183.89%	6.39%	-9.74%
BWET Breakwave Tanker Shipping ETF	875.88%	96.22%	-39.21%	15.94%

Correlation

The correlation between SILJ and BWET is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since May 4, 2023	0.05

The correlation between SILJ and BWET shifts across timeframes, from -0.05 (1 year) to 0.06 (3 years), reflecting how their relationship changes across market environments.

SILJ vs. BWET - Sectors Allocation Comparison

Sectors	SILJ	BWET
Basic Materials	99.8%	-
Financial Services	0.3%	8.6%
Consumer Defensive	0.2%	-
Communication Services	0.0%	-
Consumer Cyclical	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SILJ vs. BWET — Risk / Return Rank

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

SILJ

SILJ Risk / Return Rank: 54
SILJ Sharpe Ratio Rank: 59
SILJ Sortino Ratio Rank: 46
SILJ Omega Ratio Rank: 51
SILJ Calmar Ratio Rank: 64
SILJ Martin Ratio Rank: 47

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.

SILJ vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Junior Silver Miners ETF (SILJ) 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.

	SILJ	BWET	Difference
Sharpe ratio Return per unit of total volatility	2.05	18.57	-16.52
Sortino ratio Return per unit of downside risk	2.35	6.55	-4.20
Omega ratio Gain probability vs. loss probability	1.32	1.96	-0.64
Calmar ratio Return relative to maximum drawdown	3.24	59.51	-56.26
Martin ratio Return relative to average drawdown	7.99	158.07	-150.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SILJ vs. BWET - Sharpe Ratio Comparison

The current SILJ Sharpe Ratio is 2.05, which is lower than the BWET Sharpe Ratio of 18.57. The chart below compares the historical Sharpe Ratios of SILJ 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

	SILJ	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	18.57	-16.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	1.90	-1.81

Drawdowns

SILJ vs. BWET - Drawdown Comparison

The maximum SILJ drawdown since its inception was -79.04%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for SILJ and BWET.

Drawdown Indicators

	SILJ	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-79.04%	-56.90%	-22.14%
Max Drawdown (1Y) Largest decline over 1 year	-34.71%	-30.64%	-4.07%
Max Drawdown (3Y) Largest decline over 3 years	-34.71%	-56.90%	+22.19%
Max Drawdown (5Y) Largest decline over 5 years	-55.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.06%	—	—
Current Drawdown Current decline from peak	-26.80%	-11.29%	-15.51%
Average Drawdown Average peak-to-trough decline	-41.43%	-24.09%	-17.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.06%	11.51%	+2.55%

Volatility

SILJ vs. BWET - Volatility Comparison

The current volatility for Amplify Junior Silver Miners ETF (SILJ) is 18.69%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 33.96%. This indicates that SILJ 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

	SILJ	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.69%	33.96%	-15.27%
Volatility (6M) Calculated over the trailing 6-month period	45.24%	88.49%	-43.25%
Volatility (1Y) Calculated over the trailing 1-year period	54.90%	98.35%	-43.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.35%	70.45%	-26.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.24%	70.45%	-24.21%

SILJ vs. BWET - Expense Ratio Comparison

SILJ has a 0.69% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

SILJ vs. BWET - Dividend Comparison

SILJ's dividend yield for the trailing twelve months is around 1.88%, 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%
SILJ Amplify Junior Silver Miners ETF	1.88%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%

Frequently Asked Questions

Can I hold both SILJ and BWET in my portfolio?

SILJ and BWET have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SILJ or BWET?

BWET has higher volatility (33.96%) compared to SILJ (18.69%). In terms of maximum drawdown, SILJ dropped -79.04% vs BWET's -56.90%.

Which ETF is better, SILJ or BWET?

On 3-year performance, BWET leads with 129.64% vs 47.77% for SILJ. On fees, SILJ is cheaper at 0.69% per year. On volatility, SILJ has been the lower-risk option at 18.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SILJ or BWET?

Over the 3-year period, BWET has performed better with a 129.64% return vs 47.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SILJ or BWET?

SILJ is cheaper with a 0.69% expense ratio, compared with 3.50% for BWET.

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

SILJ has the higher dividend yield at 1.88%, compared with 0.00% for BWET.

What is the main difference between SILJ and BWET?

SILJ is categorized as Silver, while BWET is Commodities. SILJ tracks Nasdaq Junior Silver Miners Index, while BWET tracks Breakwave Wet Freight Futures Index. Their fees differ too: 0.69% for SILJ and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (18.57 vs 2.05), 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.