SZNE vs. BWET

Last updated Jun 23, 2026

SZNE (Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - SZNE is a Large Cap Blend Equities fund tracking the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. Both are passively managed. At a correlation of -0.01, they often move in opposite directions. SZNE charges 0.60%/yr vs 3.50%/yr for BWET.

Performance

SZNE vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SZNE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: 2.73%
• 1M: 25.30%
• YTD: 1,030.31%
• 6M: 892.97%
• 1Y: 1,640.62%
• 3Y*: 128.11%
• 5Y*: —
• 10Y*: —

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

SZNE vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	9.68%	-3.44%	2.05%	0.71%
BWET Breakwave Tanker Shipping ETF	1,030.31%	96.22%	-39.21%	14.13%

Correlation

The correlation between SZNE and BWET is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (All Time) Calculated using the full available price history since May 3, 2023	-0.01

Return for Risk

SZNE vs. BWET — Risk / Return Rank

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

SZNE

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.

SZNE vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) 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.

	SZNE	BWET	Difference
Sharpe ratio: Return per unit of total volatility	—	16.89	—
Sortino ratio: Return per unit of downside risk	—	6.36	—
Omega ratio: Gain probability vs. loss probability	—	1.92	—
Calmar ratio: Return relative to maximum drawdown	—	54.19	—
Martin ratio: Return relative to average drawdown	—	142.88	—

Drawdowns

Drawdown Indicators

	SZNE	BWET	Difference
Max Drawdown Largest peak-to-trough decline	—	-56.90%	—
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	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-23.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.60%	—

Volatility

Volatility by Period

	SZNE	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	25.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	88.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	98.53%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	70.43%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	70.43%	—

SZNE vs. BWET - Expense Ratio Comparison

SZNE has a 0.60% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

SZNE vs. BWET - Dividend Comparison

SZNE's dividend yield for the trailing twelve months is around 1.23%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF	1.23%	1.47%	1.20%	1.21%	1.11%	0.79%	1.37%	0.90%	0.68%

Frequently Asked Questions

Can I hold both SZNE and BWET in my portfolio?

SZNE and BWET have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SZNE or BWET?

On fees, SZNE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SZNE or BWET?

SZNE is cheaper with a 0.60% expense ratio, compared with 3.50% for BWET.

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

SZNE has the higher dividend yield at 1.23%, compared with 0.00% for BWET.

What is the main difference between SZNE and BWET?

SZNE is categorized as Large Cap Blend Equities, while BWET is Commodities. SZNE tracks Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while BWET tracks Breakwave Wet Freight Futures Index. They also come from different issuers: Pacer and Amplify. Their fees differ too: 0.60% for SZNE and 3.50% for BWET.