SLJY vs. BWET

Last updated Jun 24, 2026

SLJY (Amplify SILJ Covered Call ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - SLJY is a Derivative Income fund actively managed by Amplify, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. SLJY is actively managed, while BWET is passively managed. At a correlation of -0.07, they often move in opposite directions. SLJY charges 0.75%/yr vs 3.50%/yr for BWET.

Performance

SLJY vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify SILJ Covered Call ETF (SLJY) 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, SLJY achieves a -4.62% return, which is significantly lower than BWET's 968.33% return.

SLJY

• 1D: -4.03%
• 1M: -10.47%
• YTD: -4.62%
• 6M: -7.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: -5.48%
• 1M: 18.43%
• YTD: 968.33%
• 6M: 944.72%
• 1Y: 1,424.52%
• 3Y*: 123.86%
• 5Y*: —
• 10Y*: —

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

SLJY vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
SLJY Amplify SILJ Covered Call ETF	-4.62%	42.11%
BWET Breakwave Tanker Shipping ETF	968.33%	67.08%

Correlation

The correlation between SLJY and BWET is -0.07, 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 Aug 19, 2025	-0.07

Return for Risk

SLJY vs. BWET — Risk / Return Rank

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

SLJY

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

BWET

BWET Risk / Return Rank: 98
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 97
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 99
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.

SLJY vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) 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.

	SLJY	BWET	Difference
Sharpe ratio: Return per unit of total volatility	—	14.65	—
Sortino ratio: Return per unit of downside risk	—	6.07	—
Omega ratio: Gain probability vs. loss probability	—	1.87	—
Calmar ratio: Return relative to maximum drawdown	—	47.03	—
Martin ratio: Return relative to average drawdown	—	147.28	—

Drawdowns

SLJY vs. BWET - Drawdown Comparison

The maximum SLJY drawdown since its inception was -32.40%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for SLJY and BWET.

Drawdown Indicators

	SLJY	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-32.40%	-56.90%	+24.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.81%	—
Current Drawdown Current decline from peak	-30.62%	-5.48%	-25.14%
Average Drawdown Average peak-to-trough decline	-10.64%	-23.76%	+13.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.60%	—

Volatility

Volatility by Period

	SLJY	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	89.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.39%	98.57%	-48.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.39%	70.47%	-20.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.39%	70.47%	-20.08%

SLJY vs. BWET - Expense Ratio Comparison

SLJY has a 0.75% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

SLJY vs. BWET - Dividend Comparison

SLJY's dividend yield for the trailing twelve months is around 18.88%, while BWET has not paid dividends to shareholders.

Position	TTM	2025
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%
SLJY Amplify SILJ Covered Call ETF	18.88%	6.26%

Frequently Asked Questions

Can I hold both SLJY and BWET in my portfolio?

SLJY and BWET have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLJY or BWET?

On fees, SLJY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLJY or BWET?

SLJY is cheaper with a 0.75% expense ratio, compared with 3.50% for BWET.

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

SLJY has the higher dividend yield at 18.88%, compared with 0.00% for BWET.

What is the main difference between SLJY and BWET?

SLJY is categorized as Derivative Income, while BWET is Commodities. Their fees differ too: 0.75% for SLJY and 3.50% for BWET.