TKNQ vs. BWET

Last updated Jul 1, 2026

TKNQ (Amplify Tokenization Technology Leaders ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - TKNQ is a Blockchain fund managed by Amplify, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. At a 0.12 correlation, their price movements are largely independent.

Performance

TKNQ vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Tokenization Technology Leaders ETF (TKNQ) 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, TKNQ achieves a -14.08% return, which is significantly lower than BWET's 670.22% return.

TKNQ

• 1D: -0.42%
• 1M: -8.75%
• YTD: -14.08%
• 6M: -14.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: -3.72%
• 1M: -6.60%
• YTD: 670.22%
• 6M: 671.61%
• 1Y: 1,293.92%
• 3Y*: 92.26%
• 5Y*: —
• 10Y*: —

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

TKNQ vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
TKNQ Amplify Tokenization Technology Leaders ETF	-14.08%	-1.55%
BWET Breakwave Tanker Shipping ETF	670.22%	-12.15%

Correlation

The correlation between TKNQ and BWET is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025	0.12

Return for Risk

TKNQ vs. BWET — Risk / Return Rank

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

TKNQ

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.

TKNQ vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Tokenization Technology Leaders ETF (TKNQ) 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.

	TKNQ	BWET	Difference
Sharpe ratio: Return per unit of total volatility	—	12.73	—
Sortino ratio: Return per unit of downside risk	—	5.54	—
Omega ratio: Gain probability vs. loss probability	—	1.80	—
Calmar ratio: Return relative to maximum drawdown	—	31.75	—
Martin ratio: Return relative to average drawdown	—	124.99	—

Drawdowns

TKNQ vs. BWET - Drawdown Comparison

The maximum TKNQ drawdown since its inception was -21.83%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for TKNQ and BWET.

Drawdown Indicators

	TKNQ	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-21.83%	-56.90%	+35.07%
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	-19.99%	-31.86%	+11.87%
Average Drawdown Average peak-to-trough decline	-12.61%	-23.81%	+11.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.45%	—

Volatility

Volatility by Period

	TKNQ	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	40.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	94.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.19%	102.85%	-73.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.19%	72.75%	-43.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.19%	72.75%	-43.56%

Dividends

TKNQ vs. BWET - Dividend Comparison

Neither TKNQ nor BWET has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TKNQ and BWET in my portfolio?

TKNQ and BWET have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

TKNQ and BWET have nearly identical dividend yields, around 0.00%.

What is the main difference between TKNQ and BWET?

TKNQ is categorized as Blockchain, while BWET is Commodities.