SIMO vs. BWET
SIMO (Silicon Motion Technology Corporation) is a stock, while BWET (Breakwave Tanker Shipping ETF) is Commodities fund tracking the Breakwave Wet Freight Futures Index. Over the past 3 years, SIMO returned 66.95%/yr vs 125.74%/yr for BWET. At a 0.01 correlation, their price movements are largely independent.
Performance
SIMO vs. BWET - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SIMO achieves a 195.63% return, which is significantly lower than BWET's 1,090.11% return.
SIMO
- 1D
- -7.14%
- 1M
- -3.62%
- 6M
- 141.71%
- YTD
- 195.63%
- 1Y
- 288.92%
- 3Y*
- 66.95%
- 5Y*
- 37.71%
- 10Y*
- 20.34%
BWET
- 1D
- -0.33%
- 1M
- 17.22%
- 6M
- 619.17%
- YTD
- 1,090.11%
- 1Y
- 1,898.00%
- 3Y*
- 125.74%
- 5Y*
- —
- 10Y*
- —
SIMO vs. BWET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SIMO Silicon Motion Technology Corporation | 195.63% | 76.91% | -8.94% | -0.22% |
BWET Breakwave Tanker Shipping ETF | 1,090.11% | 96.22% | -39.21% | 14.13% |
Correlation
The correlation between SIMO and BWET is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SIMO vs. BWET — Risk / Return Rank
SIMO
BWET
SIMO vs. BWET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Silicon Motion Technology Corporation (SIMO) 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.
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.
| SIMO | BWET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.89 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 11.08 | 46.63 | -35.55 |
| Martin ratioReturn relative to average drawdown | 31.87 | 176.08 | -144.21 |
Loading charts...
Drawdowns
SIMO vs. BWET - Drawdown Comparison
The maximum SIMO drawdown since its inception was -93.19%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for SIMO and BWET.
Loading charts...
Drawdown Indicators
| SIMO | BWET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.19% | -56.90% | -36.29% |
Max Drawdown (1Y)Largest decline over 1 year | -26.26% | -41.22% | +14.96% |
Max Drawdown (3Y)Largest decline over 3 years | -52.84% | -56.81% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -56.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.49% | — | — |
Current DrawdownCurrent decline from peak | -19.13% | -10.91% | -8.22% |
Average DrawdownAverage peak-to-trough decline | -32.25% | -23.65% | -8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.11% | 10.89% | -1.78% |
Volatility
SIMO vs. BWET - Volatility Comparison
The current volatility for Silicon Motion Technology Corporation (SIMO) is 25.47%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 48.58%. This indicates that SIMO 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.
Loading charts...
Volatility by Period
| SIMO | BWET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.47% | 48.58% | -23.11% |
Volatility (6M)Calculated over the trailing 6-month period | 59.48% | 96.67% | -37.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.93% | 107.50% | -33.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.51% | 74.64% | -23.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.79% | 74.64% | -28.85% |
Dividends
SIMO vs. BWET - Dividend Comparison
SIMO's dividend yield for the trailing twelve months is around 0.73%, 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% |
SIMO Silicon Motion Technology Corporation | 0.73% | 2.16% | 3.70% | 0.82% | 2.31% | 1.62% | 2.89% | 2.45% | 3.45% | 1.68% | 1.51% | 1.88% |
Frequently Asked Questions
SIMO and BWET have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWET has higher volatility (48.58%) compared to SIMO (25.47%). In terms of maximum drawdown, SIMO dropped -93.19% vs BWET's -56.90%.
BWET currently has the higher Sharpe Ratio (17.89 vs 3.94), 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.
Find the right allocation for SIMO and BWET
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer