SOLM vs. BWET

Last updated Aug 1, 2026

SOLM (Amplify Solana 3% Monthly Option Income ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - SOLM is a Derivative Income fund actively managed by Amplify, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. SOLM is actively managed, while BWET is passively managed. Their 0.02 correlation means their historical movements had little consistent relationship. SOLM charges 0.75%/yr vs 3.50%/yr for BWET.

Performance

SOLM vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Solana 3% Monthly Option Income ETF (SOLM) 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, SOLM achieves a -47.34% return, which is significantly lower than BWET's 1,293.70% return.

SOLM

• 1D: -2.17%
• 1M: -9.44%
• 6M: -42.83%
• YTD: -47.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BWET

• 1D: 1.74%
• 1M: 57.43%
• 6M: 631.38%
• YTD: 1,293.70%
• 1Y: 2,229.63%
• 3Y*: 137.18%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 147.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BWET Breakwave Tanker Shipping ETF	$41.53M	$35.69M	$28.56M
SOLM Amplify Solana 3% Monthly Option Income ETF	$16.02K	$24.88K	$53.88K

SOLM vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
SOLM Amplify Solana 3% Monthly Option Income ETF	-47.34%	-19.93%
BWET Breakwave Tanker Shipping ETF	1,293.70%	7.03%

Correlation

The correlation between SOLM and BWET is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.02

Return for Risk

SOLM vs. BWET — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SOLM

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

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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SOLM vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Solana 3% Monthly Option Income ETF (SOLM) 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.

	SOLM	BWET	Difference
Sharpe ratio: Return per unit of total volatility	—	21.89	—
Sortino ratio: Return per unit of downside risk	—	6.50	—
Omega ratio: Gain probability vs. loss probability	—	1.94	—
Calmar ratio: Return relative to maximum drawdown	—	57.28	—
Martin ratio: Return relative to average drawdown	—	215.11	—

Drawdowns

SOLM vs. BWET - Drawdown Comparison

The maximum SOLM drawdown since its inception was -63.44%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for SOLM and BWET.

Drawdown Indicators

	SOLM	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-63.44%	-56.90%	-6.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-41.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.81%	—
Current Drawdown Current decline from peak	-59.27%	0.00%	-59.27%
Average Drawdown Average peak-to-trough decline	-40.22%	-23.41%	-16.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.95%	—

Volatility

Volatility by Period

	SOLM	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	32.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	95.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	65.83%	107.87%	-42.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.83%	74.46%	-8.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.83%	74.46%	-8.63%

SOLM vs. BWET - Expense Ratio Comparison

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

Dividends

SOLM vs. BWET - Dividend Comparison

SOLM's dividend yield for the trailing twelve months is around 45.29%, while BWET has not paid dividends to shareholders.

Position	TTM	2025
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%
SOLM Amplify Solana 3% Monthly Option Income ETF	45.29%	6.44%

Frequently Asked Questions

Can I hold both SOLM and BWET in my portfolio?

SOLM and BWET have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOLM or BWET?

On fees, SOLM 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, SOLM or BWET?

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

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

SOLM has the higher dividend yield at 45.29%, compared with 0.00% for BWET.

What is the main difference between SOLM and BWET?

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