SOLM vs. BWET

Last updated Jun 5, 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. At a correlation of -0.00, they often move in opposite directions. 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 -47.60% return, which is significantly lower than BWET's 990.13% return.

SOLM

• 1D: -4.12%
• 1M: -23.48%
• YTD: -47.60%
• 6M: -52.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: 11.71%
• 1M: -0.90%
• YTD: 990.13%
• 6M: 857.64%
• 1Y: 2,014.90%
• 3Y*: 145.24%
• 5Y*: —
• 10Y*: —

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

SOLM vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
SOLM Amplify Solana 3% Monthly Option Income ETF	-47.60%	-15.50%
BWET Breakwave Tanker Shipping ETF	990.13%	6.79%

Correlation

The correlation between SOLM and BWET is -0.00, 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	-0.00

Return for Risk

SOLM vs. BWET — Risk / Return Rank

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

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) 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.

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.

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

Sharpe Ratios by Period

	SOLM	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	20.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.16	2.01	-3.17

Drawdowns

SOLM vs. BWET - Drawdown Comparison

The maximum SOLM drawdown since its inception was -59.46%, roughly equal to the maximum BWET 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	-59.46%	-56.90%	-2.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	-59.46%	-0.90%	-58.56%
Average Drawdown Average peak-to-trough decline	-35.51%	-24.06%	-11.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.51%	—

Volatility

Volatility by Period

	SOLM	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	88.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	65.39%	98.73%	-33.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.39%	70.70%	-5.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.39%	70.70%	-5.31%

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 37.22%, 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	37.22%	6.44%

Frequently Asked Questions

Can I hold both SOLM and BWET in my portfolio?

SOLM and BWET have a correlation of -0.00, 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 37.22%, 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.