TSEL vs. BWET

Last updated Aug 2, 2026

TSEL (Touchstone Sands Capital US Select Growth ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - TSEL is a Large Cap Growth Equities fund actively managed by Touchstone, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. TSEL is actively managed, while BWET is passively managed. Over the past year, TSEL returned -2.29% vs 2229.63% for BWET. Their -0.05 correlation means they have often moved in opposite directions in the past. TSEL charges 0.67%/yr vs 3.50%/yr for BWET.

Performance

TSEL vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Touchstone Sands Capital US Select Growth ETF (TSEL) 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, TSEL achieves a -2.19% return, which is significantly lower than BWET's 1,293.70% return.

TSEL

• 1D: 0.86%
• 1M: -2.77%
• 6M: 2.42%
• YTD: -2.19%
• 1Y: -2.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.22%

BWET

• 1D: 1.74%
• 1M: 57.43%
• 6M: 631.38%
• YTD: 1,293.70%
• 1Y: 2,229.63%
• 3Y*: 137.18%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 147.72%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BWET Breakwave Tanker Shipping ETF	$41.53M	$35.69M	$28.56M
TSEL Touchstone Sands Capital US Select Growth ETF	$148.20K	$176.52K	$1.25M

TSEL vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
TSEL Touchstone Sands Capital US Select Growth ETF	-2.19%	12.41%
BWET Breakwave Tanker Shipping ETF	1,293.70%	94.89%

Correlation

The correlation between TSEL and BWET is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.06
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	-0.05

Return for Risk

TSEL vs. BWET — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TSEL

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

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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TSEL vs. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Touchstone Sands Capital US Select Growth ETF (TSEL) 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.

	TSEL	BWET	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	21.89	-22.12
Sortino ratio: Return per unit of downside risk	-0.16	6.50	-6.66
Omega ratio: Gain probability vs. loss probability	0.98	1.94	-0.96
Calmar ratio: Return relative to maximum drawdown	-0.22	57.28	-57.50
Martin ratio: Return relative to average drawdown	-0.51	215.11	-215.62

TSEL vs. BWET - Sharpe Ratio Comparison

The current TSEL Sharpe Ratio is -0.23, which is lower than the BWET Sharpe Ratio of 21.89. The chart below compares the historical Sharpe Ratios of TSEL 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

TSEL vs. BWET - Drawdown Comparison

The maximum TSEL drawdown since its inception was -28.95%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for TSEL and BWET.

Drawdown Indicators

	TSEL	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-28.95%	-56.90%	+27.95%
Max Drawdown (1Y) Largest decline over 1 year	-23.47%	-41.22%	+17.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.81%	—
Current Drawdown Current decline from peak	-10.40%	0.00%	-10.40%
Average Drawdown Average peak-to-trough decline	-8.22%	-23.41%	+15.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.02%	10.95%	-0.93%

Volatility

TSEL vs. BWET - Volatility Comparison

The current volatility for Touchstone Sands Capital US Select Growth ETF (TSEL) is 8.21%, while Breakwave Tanker Shipping ETF (BWET) has a volatility of 32.52%. This indicates that TSEL 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

	TSEL	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.21%	32.52%	-24.31%
Volatility (6M) Calculated over the trailing 6-month period	18.23%	95.71%	-77.48%
Volatility (1Y) Calculated over the trailing 1-year period	22.63%	107.87%	-85.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.02%	74.46%	-47.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.02%	74.46%	-47.44%

TSEL vs. BWET - Expense Ratio Comparison

TSEL has a 0.67% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

TSEL vs. BWET - Dividend Comparison

Neither TSEL nor BWET has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TSEL and BWET in my portfolio?

TSEL 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 is riskier, TSEL or BWET?

BWET has higher volatility (32.52%) compared to TSEL (8.21%). In terms of maximum drawdown, TSEL dropped -28.95% vs BWET's -56.90%.

Which ETF is better, TSEL or BWET?

On 1-year performance, BWET leads with 2229.63% vs -2.29% for TSEL. On fees, TSEL is cheaper at 0.67% per year. On volatility, TSEL has been the lower-risk option at 8.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSEL or BWET?

Over the 1-year period, BWET has performed better with a 2229.63% return vs -2.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSEL or BWET?

TSEL is cheaper with a 0.67% expense ratio, compared with 3.50% for BWET.

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

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

What is the main difference between TSEL and BWET?

TSEL is categorized as Large Cap Growth Equities, while BWET is Commodities. They also come from different issuers: Touchstone and Amplify. Their fees differ too: 0.67% for TSEL and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (21.89 vs -0.23), 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.