TARK vs. BWET

Last updated Jun 24, 2026

TARK (Tradr 2X Long Innovation ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - TARK is a Leveraged Equities fund actively managed by AXS, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. TARK is actively managed, while BWET is passively managed. Over the past 3 years, TARK returned 18.03%/yr vs 123.86%/yr for BWET. At a correlation of -0.03, they often move in opposite directions. TARK charges 1.15%/yr vs 3.50%/yr for BWET.

Performance

TARK vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Innovation ETF (TARK) 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, TARK achieves a -10.45% return, which is significantly lower than BWET's 968.33% return.

TARK

• 1D: -4.11%
• 1M: -0.84%
• YTD: -10.45%
• 6M: -18.36%
• 1Y: 1.64%
• 3Y*: 18.03%
• 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)

TARK vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TARK Tradr 2X Long Innovation ETF	-10.45%	41.00%	-4.85%	94.55%
BWET Breakwave Tanker Shipping ETF	968.33%	96.22%	-39.21%	14.13%

Correlation

The correlation between TARK and BWET is -0.09, 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	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since May 3, 2023	-0.03

Return for Risk

TARK vs. BWET — Risk / Return Rank

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

TARK

TARK Risk / Return Rank: 10
TARK Sharpe Ratio Rank: 9
TARK Sortino Ratio Rank: 12
TARK Omega Ratio Rank: 12
TARK Calmar Ratio Rank: 9
TARK Martin Ratio Rank: 9

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.

TARK vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) 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.

	TARK	BWET	Difference
Sharpe ratio: Return per unit of total volatility	0.02	14.65	-14.63
Sortino ratio: Return per unit of downside risk	0.54	6.07	-5.53
Omega ratio: Gain probability vs. loss probability	1.06	1.87	-0.81
Calmar ratio: Return relative to maximum drawdown	0.03	47.03	-47.01
Martin ratio: Return relative to average drawdown	0.05	147.28	-147.22

TARK vs. BWET - Sharpe Ratio Comparison

The current TARK Sharpe Ratio is 0.02, which is lower than the BWET Sharpe Ratio of 14.65. The chart below compares the historical Sharpe Ratios of TARK 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

TARK vs. BWET - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for TARK and BWET.

Drawdown Indicators

	TARK	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-56.90%	-20.92%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	-30.64%	-26.93%
Max Drawdown (3Y) Largest decline over 3 years	-65.55%	-56.81%	-8.74%
Current Drawdown Current decline from peak	-41.07%	-5.48%	-35.59%
Average Drawdown Average peak-to-trough decline	-50.80%	-23.76%	-27.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.71%	11.60%	+19.11%

Volatility

TARK vs. BWET - Volatility Comparison

The current volatility for Tradr 2X Long Innovation ETF (TARK) is 24.92%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 26.27%. This indicates that TARK 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

	TARK	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.92%	26.27%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	53.17%	89.01%	-35.84%
Volatility (1Y) Calculated over the trailing 1-year period	71.40%	98.57%	-27.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.67%	70.47%	+20.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.67%	70.47%	+20.20%

TARK vs. BWET - Expense Ratio Comparison

TARK has a 1.15% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

TARK vs. BWET - Dividend Comparison

TARK's dividend yield for the trailing twelve months is around 33.49%, while BWET has not paid dividends to shareholders.

Position	TTM	2025	2024
BWET Breakwave Tanker Shipping ETF	0.00%	0.00%	0.00%
TARK Tradr 2X Long Innovation ETF	33.49%	30.00%	0.59%

Frequently Asked Questions

Can I hold both TARK and BWET in my portfolio?

TARK and BWET have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TARK or BWET?

BWET has higher volatility (26.27%) compared to TARK (24.92%). In terms of maximum drawdown, TARK dropped -77.82% vs BWET's -56.90%.

Which ETF is better, TARK or BWET?

On 3-year performance, BWET leads with 123.86% vs 18.03% for TARK. On fees, TARK is cheaper at 1.15% per year. On volatility, TARK has been the lower-risk option at 24.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TARK or BWET?

Over the 3-year period, BWET has performed better with a 123.86% return vs 18.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TARK or BWET?

TARK is cheaper with a 1.15% expense ratio, compared with 3.50% for BWET.

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

TARK has the higher dividend yield at 33.49%, compared with 0.00% for BWET.

What is the main difference between TARK and BWET?

TARK is categorized as Leveraged Equities, while BWET is Commodities. They also come from different issuers: AXS and Amplify. Their fees differ too: 1.15% for TARK and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (14.65 vs 0.02), 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.