SXQG vs. BWET

Last updated Jun 24, 2026

SXQG (ETC 6 Meridian Quality Growth ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - SXQG is a Large Cap Growth Equities fund actively managed by Meridian, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. SXQG is actively managed, while BWET is passively managed. Over the past 3 years, SXQG returned 9.26%/yr vs 123.86%/yr for BWET. At a correlation of -0.03, they often move in opposite directions. SXQG charges 1.00%/yr vs 3.50%/yr for BWET.

Performance

SXQG vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETC 6 Meridian Quality Growth ETF (SXQG) 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, SXQG achieves a -6.02% return, which is significantly lower than BWET's 968.33% return.

SXQG

• 1D: -0.19%
• 1M: -3.46%
• YTD: -6.02%
• 6M: -6.98%
• 1Y: -1.59%
• 3Y*: 9.26%
• 5Y*: 4.23%
• 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)

SXQG vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SXQG ETC 6 Meridian Quality Growth ETF	-6.02%	4.43%	18.77%	17.12%
BWET Breakwave Tanker Shipping ETF	968.33%	96.22%	-39.21%	14.13%

Correlation

The correlation between SXQG and BWET is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (All Time) Calculated using the full available price history since May 3, 2023	-0.03

Return for Risk

SXQG vs. BWET — Risk / Return Rank

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

SXQG

SXQG Risk / Return Rank: 7
SXQG Sharpe Ratio Rank: 8
SXQG Sortino Ratio Rank: 7
SXQG Omega Ratio Rank: 7
SXQG Calmar Ratio Rank: 8
SXQG Martin Ratio Rank: 7

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.

SXQG vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETC 6 Meridian Quality Growth ETF (SXQG) 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.

	SXQG	BWET	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	14.65	-14.79
Sortino ratio: Return per unit of downside risk	-0.11	6.07	-6.18
Omega ratio: Gain probability vs. loss probability	0.99	1.87	-0.88
Calmar ratio: Return relative to maximum drawdown	-0.11	47.03	-47.15
Martin ratio: Return relative to average drawdown	-0.31	147.28	-147.59

SXQG vs. BWET - Sharpe Ratio Comparison

The current SXQG Sharpe Ratio is -0.14, which is lower than the BWET Sharpe Ratio of 14.65. The chart below compares the historical Sharpe Ratios of SXQG 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.

Drawdowns

SXQG vs. BWET - Drawdown Comparison

The maximum SXQG drawdown since its inception was -33.97%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for SXQG and BWET.

Drawdown Indicators

	SXQG	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-56.90%	+22.93%
Max Drawdown (1Y) Largest decline over 1 year	-14.03%	-30.64%	+16.61%
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	-56.81%	+37.28%
Max Drawdown (5Y) Largest decline over 5 years	-33.97%	—	—
Current Drawdown Current decline from peak	-8.77%	-5.48%	-3.29%
Average Drawdown Average peak-to-trough decline	-10.07%	-23.76%	+13.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	11.60%	-6.48%

Volatility

SXQG vs. BWET - Volatility Comparison

The current volatility for ETC 6 Meridian Quality Growth ETF (SXQG) is 3.97%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 26.27%. This indicates that SXQG 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

	SXQG	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	26.27%	-22.30%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	89.01%	-79.58%
Volatility (1Y) Calculated over the trailing 1-year period	11.77%	98.57%	-86.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	70.47%	-52.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.93%	70.47%	-52.54%

SXQG vs. BWET - Expense Ratio Comparison

SXQG has a 1.00% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

SXQG vs. BWET - Dividend Comparison

SXQG's dividend yield for the trailing twelve months is around 0.07%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SXQG ETC 6 Meridian Quality Growth ETF	0.07%	0.15%	0.00%	0.02%	0.09%	0.00%

Frequently Asked Questions

Can I hold both SXQG and BWET in my portfolio?

SXQG and BWET have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SXQG or BWET?

BWET has higher volatility (26.27%) compared to SXQG (3.97%). In terms of maximum drawdown, SXQG dropped -33.97% vs BWET's -56.90%.

Which ETF is better, SXQG or BWET?

On 3-year performance, BWET leads with 123.86% vs 9.26% for SXQG. On fees, SXQG is cheaper at 1.00% per year. On volatility, SXQG has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SXQG or BWET?

Over the 3-year period, BWET has performed better with a 123.86% return vs 9.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SXQG or BWET?

SXQG is cheaper with a 1.00% expense ratio, compared with 3.50% for BWET.

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

SXQG has the higher dividend yield at 0.07%, compared with 0.00% for BWET.

What is the main difference between SXQG and BWET?

SXQG is categorized as Large Cap Growth Equities, while BWET is Commodities. They also come from different issuers: Meridian and Amplify. Their fees differ too: 1.00% for SXQG and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (14.65 vs -0.14), 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.